Glass Mold Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Glass Mold Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Glass is used in for manufacturing bottles, containers, vials, syringes, and ampoules among others. Glass molds play an important role in manufacturing of glass products such as ampoules, syringes and vials. Glass is preferred for these application as it tends to not react with the contents that are present in the package, thereby maintaining the life of the chemical or medicine. Hence, manufacturers are looking at glass packing solutions to improve the shelf life of the product.
Increasing demand for glass products such as jars, glass accessories, and glass lab-wares for application in various end-use industries such as chemical, food & beverages, healthcare, consumer electronics, and cosmetics. Therefore, significant increase in demand of glass wares is expected to boost glass mold market during the forecast period. Demand for glass bottles is especially high for packaging of alcoholic beverages, resulting in rampant growth of the glass molding industry. According to the Glass Packaging Institute, beer was the largest segment for glass bottles, representing nearly 57% of the total market in 2016 in the U.S.
Market Dynamics
Among end-use industries, the chemical segment is expected to account for significant market share in the global glass mold market. In 2021, the segment accounted for 13.7% share in the global glass mold market in terms of revenue. Beakers, cylinders, colored & clear bottles, flasks, burettes, pipettes, and various other lab-wares have extensive demand in chemical industries. In addition to lab-wares, amber glass bottles and jars are used for storing light sensitive chemicals in order to maintain quality of chemicals.
Among regions, in 2021, Latin America held dominant position in the global glass mold market, in terms of revenue share. This is owing to an increasing demand of glass packaging products. Asia Pacific is expected to record fastest growth in the market over the forecast period. This is owing to increasing demand for glass mold products and growth of the healthcare sector. According to India Brand Equity Foundation, India healthcare sector generated a revenue of US$ 110 billion in 2016, and is expected to reach US$ 372 billion by 2022.
Key features of the study:
This report provides in-depth analysis of the glass mold market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global glass mold market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include, Omco International N.V., Changshu Weiheng Mould Manufacture Co., Ltd., Changshu Jianhua Mould Technology Co. Ltd., Rayotek Scientific Inc., Jinggong Mould Manufacturing Co. Ltd., Rochester Precision Optics LLC., Razi Glass Group, Kopp Glass Inc., G. M. Engineers & Fabricators Private Limited., Slumpy's -The Glass Mold Company, and others
Insights from this report would allow marketers and management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global glass mold market report caters to various stakeholders in this industry including investors, suppliers, glass mold manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the glass mold market
Detailed Segmentation:
Global Glass mold Market, By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
Global Glass mold Market, By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Global Glass mold Market, By Region:
North America
U.S.
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Canada
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Mexico
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
South America
Brazil
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Argentina
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Rest of South America
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Europe
Germany
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Italy
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
France
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Rest of Europe
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Asia Pacific
China
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
India
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Japan
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
South Korea
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Rest of Asia Pacific
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Middle East & Africa
Middle East
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Africa
By Mold Type:
Alloy Cast Iron
Ordinary Cast Iron
Others
By End-use Industry:
Chemical
Food & Beverages
Healthcare
Others
Company Profiles
Omco International N.V.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Changshu Weiheng Mould Manufacture Co. Ltd.
Changshu Jianhua Mould Technology Co. Ltd.
Rayotek Scientific Inc.
Jinggong Mould Manufacturing Co. Ltd.
Rochester Precision Optics LLC.
Razi Glass Group
Kopp Glass Inc.
G. M. Engineers & Fabricators Private Limited
Slumpy's -The Glass Mold Company
“*” marked represents similar segmentation in other categories in the respective section.