Glass Packaging Market Size
Glass Packaging Market size surpassed a valuation of over USD 55 billion in 2022. Driven by a steadily increasing demand for glass packaging from the pharmaceutical sector, the market is anticipated to grow at over 4.5% CAGR from 2023 to 2032.
Because glass is inert and impermeable, the cosmetics and beauty industry extensively employs glass packaging for its goods. Apart from guaranteeing a long shelf life, the glass packaging guarantees protection to its contents and helps to avoid infection. Beauty companies should pay great attention to this since consumers' daily health depends on personal care and cosmetic items as well as bad packaging might show negative effects on client retention.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Glass Packaging Market Size in 2022 | 55.5 Billion (USD) |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.5% |
| 2032 Value Projection | 88.3 Billion (USD) |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 275 |
| Tables, Charts & Figures | 262 |
| Segments covered | Product, Application, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
Rising popularity of plastic for packaging may hamper glass packaging market expansion
Conventionsally, glass has been applied for packaging in many different sectors. But plastic packaging has emerged as demand for lightweight materials with advantages comparable to glass without its negatives grows. Though they are light in weight, plastics may be molded into many forms and sizes. Furthermore, unlike glass, plastics give producers the freedom to regulate the thickness of the packing wall, therefore expanding the range of uses for the material in relative respect to glass. Through the analyzing period, this is probably going to slow down industry growth.
Glass Packaging Market Analysis
Product-based classification of the glass packaging industry is de-alkalized soda lime glass, borosilicate, soda lime glass. Driven by the material's great resilience to chemical composition and remarkable durability—borosilicate has ten times the strength of soda-lime glass—the segment is expected to exceed USD 22 billion by 2032. Particularly in the pharmaceutical sector, borosilicate glass is perfect for packaging since it can also withstand different temperatures. This helps to preserve medicines at low temperatures. This quality also gives it great momentum in the cosmetic and culinary industries.
Based on application, the category including alcoholic drinks (apart from beer) is expected to register about 4.5% CAGR over 2023–2032. The continually rising alcohol consumption worldwide is expected to drive segment development. Particularly with the increasing availability of various bottle sizes and shapes in the retail market, glass is a very desirable packaging medium for alcohol. Reducing weight of glass bottles results from innovation in design as well as chemical composition, which is another main element driving demand.
By 2032, the value of glass packaging for Europe is expected to rise above USD 27 billion. With some of the biggest producers and consumers of food and drink packaging, Europe is among the main industrial hubs for the sector. Given its recyclability and health advantages, almost 8 out of 10 customers in the area believe glass to be an appropriate material for the future, according a poll commissioned by the European Container Glass Federation (FEVE). This, together with Europe's strong rates of glass recycling, hint to a market in good development.
Glass Packaging Market Share
Some leading glass packaging industry players include
- Amcor Ltd
- Ardagh Group
- Consol Specialty Glass (Pty) Limited
- Gerresheimer AG
- Hindusthan National Glass & Industries Ltd
- Heinz-Glas GmbH
- Nihon Yamamura Glass Co Ltd.
- Owens-Illinois Inc
- Saint-Gobain S.A.
- Stolzle-Oberglas GmbH
Many firms have undertaken mergers and acquisitions to enhance production capacities and expand regional footprint in recent years.
Impact of COVID-19 Pandemic
Covid-19 lockdown saw many non-essential industries halting production, with glass packaging being one among them. Many packaging industry players saw their profits dropping due to low demand and supply chain issues. With soaring energy process and supply chain challenges still plaguing the market, the cost of glass bottles have risen astronomically over the last two years. In fact, many wine suppliers in the UK are expecting glass prices to surge another 45-70% this year, due to rising energy costs.
Glass-making facilities need to operate all day, and take months to restart if shut down, which means that any disruption will lead to a severe interruption in manufacturing and supply. However, with the world slowly coming out of the aftershocks of the pandemic, the industry is expected to stabilize itself and chart a steady growth trajectory.
The glass packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD Million from 2018 to 2032 for the following segments
By Product
- Borosilicate
- De-alkalized soda lime glass
- Soda lime glass
By Application
- Alcoholic Beverages
- Beer
- Food & Beverages
- Pharmaceuticals
The above information is provided on a regional and country basis for the following
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- GCC
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