Global Glass Mold market will reach 870 million US$ by the end of 2025
The global Glass Mold market is valued at 650 million US$ in 2017 and will reach 870 million US$ by the end of 2025, growing at a CAGR of 3.8% during 2018-2025.
Published Date: 2018/8/14
Glass molds are important forming tools used in the Sales of glass bottles and utensils. The mold has a direct effect on the final shape of the container. Molds need to be replaced after a certain number of times, which allows market demand to continue to grow.
For industry structure analysis, the Glass Mold industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for 43.97 % of the revenue market. Regionally, Europe is the biggest revenue area, also the leader in the whole Glass Mold industry.
Asia-Pacific occupied 36.58% of the sales market in 2017. It is followed by Europe and North America, which respectively account for around 26.01% and 17.52% of the global total industry. Other countries have a smaller amount of sales.
For price trend analysis, a key variable in the performance of Glass Mold producers is raw material costs, specifically the speed at which any increase can be passed through to customers.
Although the market competition of Glass Mold is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Glass Mold and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
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