The global returnable glass bottle ink market size is expected to grow substantially in the forthcoming years as per the report, titled "Returnable Glass Bottle Ink Market 2021-2028" by Fortune Business Insights™. The increasing adoption of the ink to print date codes and batch on glass bottles is likely to boost its demand. These bottles can be easily cleaned and washed for further refilling. The washing process removes the old ink and prints new batch numbers and date codes.
COVID-19 Impact
The COVID-19 pandemic impacted all the enterprises globally. Similarly, a negative impact was witnessed in the market amid the pandemic. This is due to drastic reduction in the consumption of bottles on account off closed stores and lockdowns. Also, the international and domestic borders were closed off. This further created disturbance in the supply chain of raw materials for production.
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Market Segmentation
The market of returnable glass bottle ink is segmented by ink type, application, and market geography. The market is divided into black, white, and yellow ink based on type. By application, the market is divided into alcoholic beverages and non-alcoholic beverages. The market is divided based on geography into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
What Does the Report Contain?
The global market for returnable glass bottle ink report is the analysis of all the in-depth primary and secondary research along with expert reviews. The market estimates are given in careful consideration of various economic, political, social, and current market dynamics. Porter's five forces analysis used in creating this report gives deep insights into various factors that affect the market ecosystem. It also offers a comprehensive analysis of key strategies, business models, and respective market shares of this market's prominent players.
Driving Factor
Increasing Focus on Recycling Processes to Aid Growth
According to Lau et al, Science Advances survey in 2020, per person plastic waste has gone up to 105 kg in USA. The rising concerns over the plastic disposal has led the major beverage giants to adopt sustainable methods such as recycling processes of plastic. This has led to several beverage manufacturers switching to you using recycled bottles to reduce waste production. Moreover, recycling or reusing bottles requires fewer resources while generating significant revenues. As the ink is easily removable by washing it, it is widely used in the recycling process. The ink is resistant to various activities during the production process, such as refrigeration, pasteurization, ice water treatment, or storage in warehouses, making it more desirable for the manufacturers to use instead of investing in new glass bottles. These factors are expected to boost the global returnable glass bottle ink market growth during the forecast period.
Regional Insights
Adoption of Recycling Bottles in Europe to Favor Market Growth
Europe is expected to hold substantial returnable glass bottle ink market share in the forthcoming years with the rise of recycling bottles in use. For instance, Milk & More is Britain's traditional doorstep milk delivery company that typically uses reusable glass bottles.
The market of North America is expected to gain momentum backed by the growing consumption of alcoholic beverages in the region. The U.S. and Canada are leading countries in the region.
Competitive Landscape
Market Leaders Focus on Product Launch to Strengthen Their Positions
Recent developments and their impact mark the competitive landscape of the market for returnable glass bottle ink. The key market participants applying various strategies like innovation, collaboration, product development, advancement of Technology, and others help various competitors gain better footage in the market. An example of innovation is when Domino Printing Sciences launched a high contrast alkali washable yellow ink 2YL955i in the market in January 2016.
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List of Key Players Profiled in Market of Returnable Glass Bottle Ink:
- Domino Printing Sciences
- Markem Imaje
- Videojet
- Linx Printing technologies
- PT Asia Thailand
- UPM Global
- Needham Group
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