Global Container Glass Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Container Glass Coatings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Container glass coatings is a type of protective primer coating on glass to provide heat resistance to glass containers. Container glass coatings is used in the protection of glass containers such as bottles, bowls, jars, etc. which are mainly supplied to the pharmaceuticals, food & beverages, and cosmetics & personal care industry.

Market Overview:

The latest research study on the global Container Glass Coatings market finds that the global Container Glass Coatings market reached a value of USD 967.18 million in 2022. It’s expected that the market will achieve USD 1471.76 million by 2028, exhibiting a CAGR of 7.25% during the forecast period.

Affect the normal operation of the industry

The raging COVID-19 plunged the global economic environment into depression. The impact of COVID-19 on the container glass coatings industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, production plans have been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have declined, and company and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.
In the short term, from the supply side, the company's operating pressure will increase due to postponement of workers' arrival and logistics and transportation issues. In the long run, as the epidemic gradually improves or ends, the impact on the container glass coatings industry will gradually weaken. Production and sales will return to the original level and gradually increase.

Logistics

Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays. At present, the logistics industry in various countries is gradually recovering operations according to different national policies. It is expected that after the epidemic is further controlled, it will basically return to normal.

Industrial automation will further develop

The epidemic will promote automated production in the industry, enabling manufacturers to hire more high-tech talents and multi-skilled compound workers, reduce dependence on labor, and better respond to labor fluctuations. At the same time, more and more attention will be paid to the standardization of components, the intelligentization of logistics and the enhancement of the anti-risk ability of the supply chain.

Market Opportunities

Continuous update of technology
The glass container industry itself is in great demand for advanced coatings capable of improving mechanical resistance and reducing weight. By improving the coating technology for the glass container industry, competitiveness will be improved, leading to growth and sustainability for industries directly related to the glass container market, such as manufacturing, glass decoration or users of packaging materials (wineries, breweries, soft drink or cosmetic producers).
Europe remains the biggest market
The major glass producing countries in the world are Germany, USA, UK, China and Japan. The main glass consuming regions are Europe, China and North America. Europe is the most mature2 glass market followed by Japan and North America. Europe has the highest proportion of value-added products. One of the main reasons for the growth of the glass industry is that it provides a very attractive packaging alternative. The European market has the most developed standards and regulatory system for container glass coatings. In the world of container glass coatings industry standards support technological developments of the whole sector and strongly stimulate innovation and R&D activities aimed at defining new products to launch on the market. A major step forward has been the harmonization of standards allowing companies to export their products throughout Europe, thus eliminating obstacles to the free circulation of goods.

Market Risk

Risk of changes in raw material prices
Although the market for raw materials has matured, prices have shown varying degrees of volatility due to industry chains, trade policies and prices of other essential raw materials, as well as market supply and demand. If container glass coatings manufacturers do not have sufficient raw material autonomy, i.e., all required materials are sourced externally, the company's raw material purchase prices will also have a degree of uncertainty, and fluctuations in purchasing costs will affect the company's profitability. In contrast, integrated production companies can achieve control over upstream raw materials and have more stable operations.
Environmental risks
With the global concern for environmental issues, countries have introduced environmental protection and emission reduction measures and related regulations. At present, the world attaches great importance to the development and promotion of new coatings to minimize the emission of harmful substances and the toxicity to human body. If national and local governments promulgate new laws and regulations in the future and further raise the regulatory requirements for environmental protection, the production company of container glass coatings will have to pay higher environmental protection costs, which may have certain impact on the company's operating results and profit level.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Arkema is one of the major players operating in the Container Glass Coatings market, holding a share of 25.96% in 2023.

Arkema

Arkema is a chemical producer, which provides specialty chemicals and advanced materials. The Company manufactures a range of products for industries, including construction, packaging, chemical, automotive, electronics, food and pharmaceutical industries.

Ferro Corporation

Ferro Corporation is a global functional coatings and color solutions company that supplies technology-based performance materials, including glass-based coatings, pigments and colors, and precision polishing materials.

Segmentation Overview:

As for product types, the Water-Based segment held the largest market share in 2022.

Water-Based

Water-Based coatings use water as a solvent to disperse a resin, thus making these coatings eco-friendly and easy to apply.

Oil-Based

Oil-Based coatings are those coatings that contain drying oils. Once this coating is applied it reacts with oxygen and the basic film-forming process occurs, converting the wet film into a solid film.

Application Overview:

By application, the Cosmetics and Personal Care segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Container Glass Coatings market covered in Chapter 3:

Marabu
Encres Dubuit
Trueb Emulsions Chemie AG
Novoplastik
Toyo Glass
Condat
Somec Containers
Ferro Corporation
Sherwin-Williams
Jamestown Coating Technologies
Printcolor Screen Ltd.
ICA Group
Proell GmbH
Sirpi S.r.l.
Peter-Lacke
Arkema
Acmos Chemie KG
Fenzi S.p.a.
Imaca B.V.
Ruco Druckfarben
Gulbrandsen
BNT Chemicals
GlassChemConsult
Kaiser Lacke

In Chapter 4 and Chapter 14.2, on the basis of types, the Container Glass Coatings market from 2018 to 2029 is primarily split into:

Water-Based
Oil-Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Container Glass Coatings market from 2018 to 2029 covers:

Food and Beverage
Pharmaceutical
Chemical
Cosmetics and Personal Care
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)