North America Glass Packaging Market - Forecasts from 2024 to 2029

North America Glass Packaging Market - Forecasts from 2024 to 2029

The North American glass packaging market is expected to grow at a CAGR of 2.98%, reaching a market size of US$19.657 billion in 2029 from US$16.971 billion in 2024.

One of the leading factors for using glass packaging is the rapid growth of the healthcare sector alongside the flourishing circular economy. The United Nations proclaimed 2022 as the International Year of Glass to support a circular economy and contribute to global sustainable development. For instance, Canada and the United States have been undertaking various measures to realize Sustainable goals. In addition, glass has an important role in glass packaging because it’s one of the rare materials that is 100% reusable and infinitely recyclable in a bottle-to-bottle loop without losing any quality.

Furthermore, it is utilized to preserve goods that may undergo different circumstances. The U.S. Food & Drug Administration rated this medium as safe. Many types of containers are made from glass, including, but not limited to, beverages and food, cosmetics, pharmaceuticals, etc. As such, beverage packaging occupies more than half of the glass packaging Industry.

North America Glass Packaging Market Drivers:

Increasing demand for alcoholic beverages

In the United States, glass items make up a major share of the sales of bottled drinks. Alcoholic spirits, which will be put in containers made of glass, are usually sourced from this type of container, but there have been significant drops in beer use. Due to consumer preference towards all kinds of drinks people still want available to them, sales are expected to grow (food packaging). For instance, Berlin Packaging bought Consolidated Bottle, a hybrid supplier in Canada. Hence, the combined organizations will provide a better range and added value for the increasing demand for these beverages from their customers.

North America Glass Packaging Market Geographical Outlook

The United States is expected to hold a significant market share in the forecast period.

Growing consumer demand for safer and healthier packaging contributes to expanding glass packaging across various categories. Moreover, end-user preferences lean towards advanced modern technologies that involve some artistic finished designs embossed on glass and shaping techniques used in making and packaging glasses. There has been little change from those suppliers who have lived in these pits ever since. However, occasionally, large companies like Coca-Cola or PepsiCo would like to come back to using glass bottles because of limitations imposed by law from time to time. Additionally, another driving force for the increased growth of the pharmaceutical industry is the US being a world leader regarding innovation and healthcare usage.

Reasons for buying this report:-

Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub - segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The North American Glass Packaging market is segmented and analyzed as follows:

By Application

Soft Drinks
Fruit Drinks
Pharmaceuticals
Personal Care
Alcoholic Drinks
Others

By Geography

United States
Canada
Mexico