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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 influenced by several key factors. One of these is the increased demand for sustainable packing solutions driven by growing environmental awareness among consumers and businesses. Another factor is the introduction of lightweight glass bottles, which offer improved transport efficiency and reduced environmental impact. Additionally, the market is benefiting from the emergence of various companies offering returnable glass bottle options, catering to the increasing preference for reusable and eco-friendly packaging solutions. These trends collectively contribute to the expansion and sustainability of the market, aligning with global efforts towards environmental conservation and resource efficiency.
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The market is driven by the increasing demand for eco-friendly products, especially in the food and beverage market. Aluminum packaging products and innovative technologies like embossing and shaping contribute to the market's growth. Artistic finishes and healthcare packaging for medical products, such as glass dropper bottles and vials, are also driving factors. However, challenges such as competition from alternative materials like plastic, cost concerns, and the need for continuous innovation pose challenges to the industry.
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.
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.
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.
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.
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.
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.
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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.
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.
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 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
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The Glass Packaging 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 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 processes are crucial for sustainability, particularly in the pharmaceutical glass manufacturing industry.
Market 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 |
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 growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
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