Global Glass Packaging Market Report and Forecast 2023-2028

Global Glass Packaging Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global glass packaging market reached a value of USD 65.6 billion in 2022. Aided by the evolving consumer demands and multifaceted applications, the market is projected to further grow at a CAGR of 4.40% between 2023 and 2028 to reach a value of USD 84.9 billion by 2028.

Glass packaging stands as a paragon of elegance, embodying a harmonious blend of form and function. Glass packaging encapsulates an array of products, spanning from beverages to cosmetics and beyond. It serves as a vessel that preserves the essence of its contents while adding a touch of sophistication to the overall consumer experience.

The allure of glass packaging extends beyond its aesthetic appeal which is bolstering the glass packaging market growth. Its inert nature ensures that it doesn't interfere with the integrity of the product it houses, maintaining flavours, aromas, and textures untouched. This attribute is especially crucial in the food and beverage sector, where maintaining the original characteristics of products is paramount.

As consumer preferences evolve, industries across the spectrum are seeking ways to align with the demands of a conscious and eco-friendly audience. The glass packaging sector has also embraced sustainability as a cornerstone of its evolution. Glass, being 100% recyclable, embodies the essence of environmental responsibility. This aligns perfectly with the growing trend of conscious consumerism, where individuals seek products that not only serve their needs but also resonate with their values.

In response to this sustainability wave, the glass packaging market demand as an eco-friendly option witnessed a surge. The use of recycled glass, coupled with innovations in manufacturing techniques, has paved the way for lightweight yet sturdy glass packaging solutions, reducing the carbon footprint of production and transportation. This synergy between aesthetics, utility, and environmental consciousness forms the bedrock of glass packaging's contemporary allure.

Furthermore, the applications of glass packaging span a wide range which is another factor fuelling the global glass packaging market share. The beverage sector, in particular, has long embraced the benefits of glass packaging. The impermeability of glass to air and other external factors ensures that the integrity of beverages, whether it's a bottle of premium wine or a sparkling soda, remains intact. The unique ability of glass to preserve taste and quality has made it a timeless choice for both alcoholic and non-alcoholic beverages.

Market Segmentation

The market can be divided based on application, glass type, product, and region.

Market Breakup by Application

• Alcoholic Beverage
• Food and Beverage
• Pharmaceuticals
• Household and Personal Care
• Others

Market Breakup by Glass Type

• Borosilicate Glass
• De-Alkalised Soda Lime Glass
• Soda Lime Glass

Market Breakup by Product

• Bottles
• Jars
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global glass packaging market. Some of the major players explored in the report by Expert Market Research are as follows:

• Ardagh Group S.A.
• Couronne Co., Inc.
• Nihon Yamamura Glass Co. Ltd.
• Koa Glass Co., Ltd.
• PGP Glass Private Limited
• The Dow Chemical Company
• O-I Glass, Inc
• Toyo Seikan Group Holdings Ltd,
• Gerresheimer AG
• HEINZ-GLAS GmbH & Co. KGaA
• Wiegand-Glas Holding GmbH
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.