Glass Packaging Market By Packaging Type (Bottles, Jars, Other), By Glass Type (Clear glass, Coloured glass), By End User Industry (Food and beverage, Pharmaceutical, Personal Care, Other): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global glass packaging market was valued at $45,505.5 million in 2020, and is projected to reach $77,471.4 million by 2032, registering a CAGR of 4.5%.
Glass packaging refers to containers, bottles, jars, and other receptacles made from glass used for storing various products such as food & beverage, pharmaceuticals, cosmetics, and more.
The demand for packaging by the food & beverage industry has rapidly expanded. This is attributed to the increase in urbanization and rise in younger population which is excessively dependent on packaged food as a result of their busy and contemporary lifestyles. Thus, companies have expanded their production capacities, to cater to the increase in demand for food & beverage. For instance, in March 2022, Nestle, one of the biggest producers of packaged food & beverage, announced a $675 million investment to construct a new beverage facility in Glendale, Arizona, the U.S. This factory is projected to produce high-quality packaged beverage to fulfill increase in consumer demand for its packaged products. Furthermore, 27.3% of population of India is aged between 15 and 29 years. Considering young people consume a significant amount of food & beverage, a large young population is expected to benefit the market for food & beverage packaging. For instance, in September 2021, PepsiCo which is a packaged food & soft drink company, commissioned its greenfield food plant in Mathura city of Uttar Pradesh state in India. The plant is built at a cost of $110 million.
Moreover, the cosmetics sector has grown substantially, in both developed and developing nations. This is largely attributed to the rise in consumer disposable income and a shift in consumer demand toward high-end beauty and cosmetic items. Apart from the quality of cosmetic products, the appearance of their packaging plays an important role in driving their sales. A majority of cosmetic items are packaged in jars, bottles, or tubes. Hence such a type of innovative packaging is expected to boost the growth of the glass packaging market.
The most common form of packaging is glass packaging along with paper and carton packaging, plastic film packaging, plastic boxes and containers, and metal packaging. There is an increase in the demand for packaged food along with rise in urban and millennial population, who consume packaged food due to their busy and modern lifestyles. In addition, cosmetic and personal care product industries have witnessed an increased demand in both developed and emerging countries. Since, food & beverage and cosmetic & personal care products industries are major end users of packaging, their growth has driven the growth of glass packaging market. In addition, developments in e-commerce and increase in domestic and international trade has played an instrumental role in driving the growth of the glass packaging market. However, government regulations against non-ecofriendly packaging are a major restraint in the growth of the market. Furthermore, the development of innovative glass packaging solutions is expected to provide lucrative opportunities for the growth of the market.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market.
Competition AnalysisKey companies profiled in the glass packaging market report include Verallia SA, Vidrala, Taiwan Glass Industry Corporation Limited, BA Group, Gerresheimer AG, O-I Glass, Stoelzle Glass Group, PGP Glass Private Limited, Vitro Glass, Ardagh Group S.A.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the glass packaging market analysis from 2020 to 2032 to identify the prevailing glass packaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the glass packaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global glass packaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Glass TypeClear glass
Coloured glass
By End User IndustryFood and beverage
Pharmaceutical
Personal Care
Other
By Packaging TypeBottles
Jars
Other
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Europe
LAMEA
Latin America
Middle East
Africa
Key Market PlayersVerallia SA
Taiwan Glass Industry Corporation Limited
Gerresheimer AG
BA Group
Vitro Glass
O-I Glass
Ardagh Group S.A.
Stoelzle Glass Group
PGP Glass Private Limited
Vidrala
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