Glass Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Glass Packaging Market
The Glass Packaging market size was valued at USD 64.97 billion in 2023, and the market is now projected to grow from USD 67.28 billion in 2024 to USD 93.69 billion by 2032, exhibiting a CAGR of 4.23% during the forecast period of 2024-2032.
Moderate growth was seen in the global Glass Packaging market growth while covid19 led to increased demand for pharmaceutical and food/beverage glass packaging despite shortages in supply chain. These include GPI, FEVE, and the European Glass Recycling Association who were grateful for their workforce committed at such difficult times as these.
There is growth in the healthcare sector and the cosmetics world that forms the leading reason for influencing the global market. Medical products need glass packaging for proper storage, transportation, and distribution. Glass ampoules, dropper bottles and vials are majorly used in healthcare and cosmetics segment to uphold the integrity as well as safety of these products in Glass Packaging market share.
Globally, glass recycling is increasing at a rate of 76% in Europe per FEVE. The growth covers such beverage categories as soups, teas, coffee drinks, fruit-based beverages. The brewing sector makes a significant contribution to the European economy by helping to mitigate the problem of unemployment among young people while creating conditions for the development of competitiveness and growth opportunities.
Comprehensive Glass Packaging Market
The Glass Packaging market is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Product Analysis, by End-User Analysis. The Product Analysis includes bottles, jars & containers, ampoules, vials, and others. The End-User Analysis includes food, beverage, pharmaceuticals, personal care & cosmetics, and others.
The Asia Pacific region lead the Glass Packaging market by benefitting a market size of USD 24.73 billion in 2023 due to the rapid growth can be attributed to glass making enterprises as well as more adoption in medical, food processing, and beauty products production fields.
The top players in the market play a crucial role in the Packaging industry assuring industrial prospectus development and setting market standards. These players include, Vitro Packaging (U.S.), Gerresheimer (Germany), BORMIOLI ROCCO SPA (Italy), Verallia (France), BA Glass B.V. (Spain), KOA GLASS CO., LTD (Japan), Ardagh Group S.A. (Luxembourg), Amcor plc (Australia), Vetropack Group (Switzerland), Nihon Yamamura Glass Co. Ltd. (Japan), Heinz-Glass GmbH & Co. KGaA (Germany)these market players provide a competitive landscape.
In July 2023, Africa’s Ardagh Glass Packaging said it had contracted a USD 95 million extension for their fabrication facility in Gauteng, South Africa’s Nigel. The deal is more than double the facility’s capacity so as to have sustainable glass packaging for customers’ current needs which will rise significantly over time.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.23% from 2024 to 2032
Unit Value (USD Billion), Volume (Kilo Tons)
Segmentation By Product
Bottles
Jars & Container
Ampoules
Vials
Others
By End-user
Food
Beverages
- Alcoholic
- Non-alcoholic
Pharmaceuticals
Personal Care & Cosmetics
Others
By Region
North America (By Product, By End-user, By Country)
- U.S. (By Product)
- Canada (By Product)
Europe (By Product, By End-user, By Country)
- Germany (By Product)
- U.K. (By Product)
- France (By Product)
- Italy (By Product)
- Spain (By Product)
- Russia (By Product)
- Rest of Europe (By Product)
Asia Pacific (By Product, By End-user, By Country)
- China (By Product)
- Japan (By Product)
- India (By Product)
- Australia (By Product)
- South East Asia (By Product)
- Rest of Asia Pacific (By Product)
Latin America (By Product, By End-user, By Country)
- Brazil (By Product)
- Mexico (By Product)
- Rest of Latin America (By Product)
Middle East and Africa (By Product, By End-user, By Country)
- GCC (By Product)
- South Africa (By Product)
- Rest of Middle East & Africa (By Product)
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