Returnable Glass Bottle Inks Market: Overview
- Returnable glass bottle inks enable the reuse of bottles in the beverage industry. Returnable glass bottle inks are usually used to print date codes and batch numbers on bottles. These bottles are returned after use. Returnable glass bottle inks can be taken off from bottles through the washing process, which enables new batch numbers and codes to be printed on to them. The reuse of glass bottles for beverage has a positive impact on the environment.
- Returnable glass bottle inks minimize the impact of packaging of soft drinks on the environment. Returnable glass bottle inks used for code printing are more durable than other inks. Returnable glass bottle inks can be used for printing on glass in humid and cold fill bottling process. Returnable glass bottle inks do not come off easily even if the glass bottles are subjected to ice water, pasteurization, stored in warehouses, or refrigerated. Returnable glass bottle inks help glass bottles to be reused multiple times; thus, less number of bottles need to be manufactured.
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Market Dynamics of Global Returnable Glass Bottle Inks Market
- Returnable glass bottle inks market is anticipated to create lucrative opportunities due to the positive environmental benefits. Beverage packaging manufacturers are seeking solutions to minimize the impact of beverage packaging on the environment. Beverage manufactures are striving to introduce effective solutions for the reuse of bottles. Domino Printing Sciences plc., one of the manufacturers of returnable glass bottle inks, introduced an alkali-washable, high-contrast yellow returnable glass bottle ink. This returnable glass bottle ink is designed for printing on dark colored surfaces. Returnable glass bottle inks dry fast and do not erase even where surface condensation is present. The new trends in beverage packaging include structure modification, improved conservation of beverages, and development of new systems that interact with the products and its environment. These trends are estimated to create lucrative opportunities for the returnable glass bottles inks market.
- The returnable glass bottle inks offer various benefits such as less energy consumption, low emission of greenhouse gases and reduction of solid waste. Glass bottles are highly used for the packaging of soft drinks and beers. Returnable glass bottle inks possess various advantages but if the ink has poor adhesion it can come off easily during washing.
North America to Account for Large Share of Global Returnable Glass Bottle Inks Market
- North America is expected to hold prominent share of the global returnable glass bottle inks market. The beverage industry in Germany and the U.S is highly mature and accounts for a major share of the global beverage industry. It is likely to maintain its dominance during the forecast period. In terms of demand, North America is estimated to be followed by Europe. All glass bottles are being recycled in Europe. Thus, fewer bottles need to be manufactured. According to surveys conducted in Europe, 91% of the people prefer a scheme that enables the reuse of glass bottles.
- The returnable glass bottle inks market in developing countries such as China, India, and Malaysia is expected to expand at a rapid pace during the forecast period, owing to the high growth in the beverage industry in these countries. Alcoholic beverages are commonly consumed in South Korea. High preference for Soju, a fermented rice drink, is likely to create immense opportunities for the returnable glass bottle inks market in the country. India is the largest producer of alcoholic beverages across the globe. This is also anticipated to create opportunities for the market in the country in the near future.
- The returnable glass bottle inks market in Middle East & Africa is also projected to expand rapidly due to the increase in popularity of packaging of non-alcoholic beverages in reusable glass bottles
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Key Players in Returnable Glass Bottle Inks Market
The global returnable glass bottle inks market is highly fragmented, with top manufacturers accounting for approximately 10% to 15% share of the global market in 2018. Key players operating in the disposable returnable glass bottle inks market include:
- Linx Printing Technologies
- Domino Printing Sciences plc
- Videojet Technologies, Inc.
- Markem-Imaje - A Dover Company
- Siegwerk Druckfarben AG & Co. KGaA
- Leibinger Group
Global Returnable Glass Bottle Inks Market: Research Scope
Global Returnable Glass Bottle Inks Market, by Type
Global Returnable Glass Bottle Inks Market, by Application
Global Returnable Glass Bottle Inks Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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