Glass Packaging Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, Japan, Germany - Size and Forecast 2024-2028

Glass Packaging Market Size 2024-2028

The glass packaging market size is estimated to grow by USD 16.87 billion, at a CAGR of 4.48%  between 2003 to 2028. The market's growth is propelled by several pivotal factors. One such factor is the rising demand for sustainable packaging solutions, fueled by heightened environmental awareness among consumers and businesses. Another driving force is the innovation of lightweight glass bottles, enhancing transport efficiency and minimizing environmental footprints. Furthermore, the market is witnessing a surge in companies offering returnable glass bottle options, meeting the growing preference for reusable and eco-friendly packaging. These trends synergistically foster market expansion and sustainability, aligning with global initiatives aimed at environmental conservation and resource optimization.

What will be the Size of the Market?

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Market Dynamics

The Market is driven by the rising demand for eco-friendly products and Innovative technologies. Trends include advancements in Embossing, Shaping, and Artistic finishes, enhancing aesthetic appeal. Glass dropper bottles and Vials are gaining traction in healthcare and packaging for medical products. In the food and beverage market, Glass remains popular for Beer, Juices, and Sparkling waters. However, challenges like competition from Aluminum packaging products and the need for water-based coating for sustainable packaging pose hurdles. Adapting to evolving consumer preferences and ensuring product safety are key industry challenges.

Key Market Driver

The introduction of lightweight glass bottles is notably driving market growth. Lightweighting of glass packaging continues to gain traction as manufacturers seek to reduce material usage, transportation costs, and carbon emissions while maintaining product integrity and performance. Advancements in lightweight technologies allowed for the production of thinner and lighter bottles without compromising strength or functionality, driving efficiency and sustainability in the supply chain. Such bottles provide a balance between sustainability and convenience, appealing to environmentally conscious consumers who are also looking for practical and convenient packaging solutions. 

Further, these bottles contribute to sustainability efforts by reducing the amount of raw materials required for production and lowering energy consumption during manufacturing. This reduction in material usage helps conserve natural resources and decrease carbon emissions associated with transportation and production. Thus, the adoption of these bottles is playing a significant role in fueling the market during the forecast period.

Significant Market Trends

Upsurge in investments for the expansion of glass packaging production capacities is an emerging trend shaping market growth.  To cater to the growing demand for such products worldwide, companies are focusing on investing in new facilities to develop innovative products. Also, the increase in production capacity ensures that the products are well-positioned to cater to the growing demand from customers across various markets globally. For instance, in February 2024, O-I Glass Inc. invested USD 102.6 million in two of its French glass packing production facilities.

Similarly, in June 2023, Vitro invested USD 70 million in a new furnace for its Toluca, Mexico, facility. The investment expands output to 230 tonnes per day. The plant makes such packaging for cosmetics, premium liquors, and specialties. These factors are expected to drive the overall market during the forecast period.

Major Market Challenge

Fluctuations in raw material prices of glass packaging are an emerging trend shaping market growth. Sand, soda ash, and limestone are some raw materials required for manufacturing containers. Any fluctuations in the availability of these raw materials affect its prices. The high demand for a specific raw material also leads to an increase in its price. To offset the higher costs incurred on raw materials, container manufacturers tend to increase the price of the end products. The high prices of containers may discourage end-users from buying the product, thereby reducing sales volume and negatively impacting the growth of the market. Price volatility in raw material markets can make it challenging for manufacturers to predict and manage their production costs effectively.

Moreover, sudden spikes in raw material prices may disrupt supply chains and necessitate adjustments in pricing strategies, leading to uncertainty for both manufacturers and customers. Sharp fluctuations in raw material prices can disrupt supply chains and procurement processes for manufacturers. Suppliers may face challenges in sourcing raw materials at stable prices, leading to delays in production and potential shortages of packaging products in the market. Thus, fluctuations in raw material prices may hamper the growth of the market during the forecast period.

Market Segmentation

The market is witnessing robust growth due to the increasing demand for eco-friendly products across various sectors, such as the food and beverage market, healthcare, and the cosmetics industry. Innovative technologies are driving advancements in this type of packing, including techniques like embossing, shaping, and artistic finishes, making glass products more appealing and functional. In the healthcare sector, this type of packing is crucial for Packaging for medical products such as Glass dropper bottles and Vials. Similarly, in the Food and Beverage Market, glass is preferred for beverage packaging like Beer, Carbonated soft drinks, Energy drinks, Juices, and Sparkling waters. The use of water-based coating and shatter-Safe reusable glass bottles enhances the quality and sustainability of these packing solutions. Additionally, it plays a vital role in Pharmaceutical packaging, particularly for Alcohol, Generic injectable drugs, and Ampoules. The market also sees a rise in the popularity of Two- and three-piece cans made from tinplate alongside glass containers. Creative Graphic designs further differentiate this packing in the personal care packaging and food packaging sectors.

Market Type Analysis

The soda lime glass segment is estimated to witness significant growth during the forecast period. The most common type is used in the packaging sector. Sand, soda ash, limestone, and other raw materials are used to make it, and it is prized for its affordability, transparency, and toughness. In addition to other industries, soda lime glass is widely used in the food and beverage, pharmaceutical, and cosmetics sectors. 

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The soda lime glass segment was the largest and was valued at USD 39.80 billion in 2018. The demand for segment packaging has been steadily increasing in recent years due to a number of factors, including rising consumer interest in packaged foods and drinks and rising environmental consciousness. Because soda lime glass is completely recyclable and does not release harmful chemicals into the environment, the growing trend toward sustainability in packaging has also increased the demand. Therefore, the soda lime glass segment outlook is favorable, and the product is well-positioned to meet the rising demand for dependable, transparent, and cost-effective packaging solutions across a range of industries, which in turn is expected to have a positive impact on the growth of the market in focus during the forecast period.

Market End-user Analysis

Based on the end-user, the market has been segmented into food and beverage, personal care, pharmaceutical, and others. The food and beverage?segment will account for the largest share of this segment.? The use of glass in food and beverage industry packaging is increasing owing to its non-hazardous nature. It is highly recyclable, and it allows consumers to drink without the taste of unwanted chemicals, metals, or other unsafe alternatives. It is the healthiest alternative to plastic, metal, and aluminum reusable drinking bottles; however, it is also breakable, creating the potential for dangerous situations. The adoption of new methods of food packaging with improved barrier properties and the need for advanced packaging materials in the food and beverage industry are some factors driving the market in North America. Therefore, an increase in the demand for packaged food is expected to drive the growth of the market during the forecast period. 

Market Region Analysis

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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth of the regional market can be attributed to the rising GDP and economic growth of key countries like China and India. This is also increasing the popularity of various alcoholic and non-alcoholic beverages, including beer, smoothies, and packed fruit juices. In various countries of the region, the growing middle-class population, the growing per capita income, and the rising preference for drinking beer among the millennial population are also driving the growth of the regional market. 

Furthermore, the retail and manufacturing sectors are growing in countries such as China, India, Japan, South Korea, Australia, and Indonesia. In the retail sector, aesthetic appeal in the packaging of products leads to successful promotional campaigns as it tends to attract more customers. This is creating a high demand for attractive graphics for products in retail stores. Thus, these factors are expected to drive the growth of the regional market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Amcor plc - The company offers glass packaging, such as spirit bottles, for on premise usage in bars, hotels, restaurants, and sports venues. Its slender design allows for interchangeability with 750ml glass bottles.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Amcor plc,AptarGroup Inc, Ardagh Group SA,BA Glass Group, Beatson Clark, Feemio Group Co. Ltd., Gerresheimer AG, HEINZ GLAS GmbH and Co. KGaA, Hindustan National Glass and Industries Ltd., Nihon Yamamura Glass Co. Ltd., O I Glass Inc., Piramal Enterprises Ltd., Stoelzle Oberglas GmbH, The Cary Co., Vetreria Etrusca, Vetropack, Vidrala SA, Vitro, Wiegand Glas Holding GmbH, and Verallia SA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Customer Landscape

The market research report encompasses the entire market research and growth adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the market report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective market growth and forecasting strategies.

 Customer Landscape

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments

• Type Outlook 
  • Soda lime glass
  • Borosilicate glass
  • De-alkalized soda lime glass

• End-user Outlook 
  • Food and beverage
  • Personal care
  • Pharmaceutical
  • Others
  Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
    • Argentina 
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview 

The market is experiencing significant growth due to the demand for impact-resistant plastic resin alternatives in the pharmaceutical industry. Pharmaceutical glass manufacturing is adopting innovative technologies for embossing, shaping, and artistic finishes to cater to small and medium-scaled production units. In healthcare, glass is preferred for packaging medical products like glass dropper bottles, Drug delivery products, Glass production activities, and vials due to its impermeability and visibility. The food and beverage market, including the beverage and liquor industries, relies on glass for its thermal shock resistance and shatter-proof qualities. Market vendors are focusing on developing shatter-safe reusable glass bottles that are lightweight and portable. The market also includes packaging for personal care and pharmaceutical products, with companies like Vitro Packaging and Verallia leading the way in eco-friendly packaging.

Moreover, the market caters to various industries, such as the liquor industry and food industry, providing solutions for thermal shocks with shatter-proof glasses. Despite cost-sensitivity, demand is rising for metal packaging products and peelable ends, especially in the hard seltzers and wine sectors. Glass recycling process are crucial for sustainability, particularly in the pharmaceutical glass manufacturing industry.

Industry  Scope
Report Coverage	Details
Page number	173
Base year	2023
Historic period	2018 - 2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 4.48%
Market growth 2024-2028	USD 16.87 billion
Market structure	USD Fragmented
YoY growth 2023-2024(%)	3.98
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 44%
Key countries	US, China, India, Japan, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Amcor plc, AptarGroup Inc., Ardagh Group SA, BA Glass Group, Beatson Clark, Feemio Group Co. Ltd., Gerresheimer AG, HEINZ GLAS GmbH and Co. KGaA, Hindustan National Glass and Industries Ltd., Nihon Yamamura Glass Co. Ltd., O I Glass Inc., Piramal Enterprises Ltd., Stoelzle Oberglas GmbH, The Cary Co., Vetreria Etrusca, Vetropack, Vidrala SA, Vitro, Wiegand Glas Holding GmbH, and Verallia SA
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2028
• Precise estimation of the market  size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market growth analysis of factors that will challenge the growth of market companies

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