Glass Container Market Size
With a value of over USD 61.2 billion in 2023 and expected to rise at a CAGR of 4%, Glass Container Market size is Excellent barrier qualities of glass containers help to preserve freshness and quality by shielding products from outside pollutants, moisture, and gases. For food, drinks, medications, and other delicate products as well, this is absolutely vital.
Highly recyclable, glass fits consumer and legal trends toward sustainable and environmentally friendly packaging choices. Glass containers are used mostly due to the demand for environmentally friendly packaging options. Many times, glass containers are connected with high quality and appearance. Glass packaging appeals to consumers as sophisticated, attractive, and appropriate for items like luxury goods and high-end beverages that call for more showability.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Glass Container Market Size in 2023 | USD 61.2 Billion |
| Forecast Period | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR | 4% |
| 2032 Value Projection | USD 86.6 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 120 |
| Tables, Charts & Figures | 136 |
| Segments covered | Type, End-use, Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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Other packaging materials including plastic, metal, and carton challenge glass containers. Glass containers break easily and are delicate enough for handling and shipment to damage. Since glass containers weigh more than certain other packing materials, transportation expenses are more. Therefore, the hazards related to Glass containers could lower the acceptance rate, therefore impairing the business expansion.
COVID-19 Impact
The epidemic raised demand for pharmaceutical goods including drugs and healthcare supplies, which changed the demand for glass containers used in pharmaceutical packaging. Therefore, it is expected that the lower number of COVID-19 cases and the application of later policies by government and non-governmental entities will propel the company development in the next years.
Glass Container Market Trends
Growing need for environmentally friendly packaging solutions follows from consumers' growing attention on sustainability. Being recyclable and reusable, glass containers fit these tastes and help to explain their appeal on the market. Many times, glass containers are connected with luxury and visual appeal. Using unusual forms, embossing, and creative labeling methods, companies are producing visually striking packaging that grabs attention on shelves.
Glass Container Market Analysis
Based on type, the glass container market is segmented as bottles, jars, carafes, others. Bottles held a majority market value of USD 21.7 billion in 2022. Glass bottles are commonly used for packaging beverages like water, carbonated drinks, juices, and alcoholic beverages. The demand is driven by the need to maintain product quality, hygiene, and brand differentiation. Moreover, an increasing usage will further accelerate the segmental growth.
Based on end-use, the glass container market is segmented as food & beverage industry, pharmaceutical industry, cosmetics & personal care industry, household & consumer goods industry, others. Food & Beverage Industry held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace through 2032. Glass containers are preferred for beverages like wine, spirits, and premium bottled water due to their non-reactive nature, which preserves the taste and quality of the contents.
U.S. dominated the North American region with majority glass container market share and a revenue of USD 11.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North American consumers are increasingly focused on sustainability and environmental responsibility. Glass containers, being highly recyclable and reusable, align with these preferences and drive demand.
Glass Container Market Share
Some of the major industry players operating in the glass container market are
- Nippon Paper Industries Co., Ltd
- Stora Enso
- South African Pulp & Paper Industries
- Mondi plc
- ITC Limited
- Smurfit Kappa Group
- Oji Holding Corporation
- International Paper Group
- Svenska Cellulosa Aktiebolaget
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Glass Container Industry News
- In Jan 2020, a significant producer of wine glass bottles- Ardagh Group S.A., launched its new products in the United States. The company announced its latest six-wine bottle design.
Glass container market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments
By Type
- Bottles
- Jars
- Carafes
- Others
By End-use
- Food & Beverage Industry
- Pharmaceutical Industry
- Cosmetics & Personal Care Industry
- Household & Consumer Goods Industry
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
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