Glass Container Market - By Type (Bottles, Jars, Carafes), By End-use (Food & Beverage Industry, Pharmaceutical Industry, Cosmetics & Personal Care Industry, Household & Consumer Goods Industry) & Forecast, 2023 - 2032

Glass Container Market - By Type (Bottles, Jars, Carafes), By End-use (Food & Beverage Industry, Pharmaceutical Industry, Cosmetics & Personal Care Industry, Household & Consumer Goods Industry) & Forecast, 2023 - 2032

Glass container market size will grow at 3.9% CAGR between 2023 and 2032, due to the increasing awareness of environmental sustainability and the growing shift towards eco-friendly packaging materials. The expanding preference for glass in the food and beverage industry is driving the preference for glass containers due to their preservation qualities and non-reactive nature.

Of late, the pharmaceutical and cosmetics sector are also witnessing the influx of stringent packaging requirements. Additionally, the surging consumer demand for premium and aesthetically pleasing packaging coupled with the durability and barrier properties of glass will fuel the industry growth. To cite an instance, Ardagh Group, in November 2021, teamed up with renewable energy firm EXXERGY and software provider Dassault Systèmes for a trial project aimed at increasing the strength and reducing the weight of glass bottles. Such innovations will also contribute to the product uptake.

The glass container market is categorized based on type, end-use, and region.

The industry share from the jar type segment will reflect a substantial CAGR during the forecast period. The growth is driven by rising demand for eco-friendly and reusable packaging along with the versatility offered by glass jars for food and beverage storage. In addition, the increasing consumer preference for sustainable and aesthetically pleasing packaging solutions will fuel segment growth.

Based on end-use, the glass container market size from the pharmaceutical industry segment will witness a significant CAGR through 2032. The stringent requirements for safe and inert packaging will fuel the adoption of glass containers in the pharmaceutical industry to ensure product integrity and non-reactivity. Increasing demand for high-quality and tamper-evident packaging will further push the product application outlook.

Regionally, the Europe glass container industry is anticipated to accumulate sizeable revenue share by 2032. The growth can be attributed to the increasing sustainability awareness, and the rising demand for food & beverage products coupled with the jump in pharmaceutical packaging requirements. Moreover, the preference for premium packaging, driven by the aesthetic appeal and product preservation qualities offered by glass will fuel the industry expansion.