Glass Packaging Market Forecasts to 2028 – Global Analysis By Product (Borosilicate, De-alkalized Soda Lime, Jars and Bottles), By Type (Super Premium Glass Quality, Premium Glass Quality and Standard Glass Quality), By Jar Size (51-100 ML, 101-250 ML, 20-50 ML, 251-500 ML and Above 500 ML), By Raw Material (Cullet, Cobalt oxide, Dolomite, Selenium, Limestone, Coloring Material, Soda lime and Other Raw Materials), By End User and By Geography
According tStratistics MRC, the Global Glass Packaging Market is accounted for $72.64 billion in 2022 and is expected treach $105.33 billion by 2028 growing at a CAGR of 6.39% during the forecast period. One of the most reliable types of packaging for health, flavor, and environmental safety is glass. Glass packaging, which is considered premium, keeps the product safe and fresh. This can ensure its continued use in a variety of end-user sectors across the globe, despite intense competition from plastic packaging. Glass packaging is expanding across a variety of industries as a result of growing consumer demand for secure and healthy packaging. Moreover, cutting-edge technologies for shaping, embossing, and adding artistic finishes tglass increase consumer demand for glass packaging.
According tEuropean Container Glass Federations (FEVE), 162 manufacturing plants are distributed all over Europe, and container glass is an essential contributor tEurope’s real economy and employs about 50,000 people while creating job opportunities along the total supply chain.
Market Dynamics:
Driver:
Increasing Bottled Beverage Consumption across the world
The beverage industry, especially the alcoholic beverage sector, is the primary driver of demand for glass packaging. The global demand for glass containers is estimated toriginate from the beer industry more than half of the time. Wine, spirits, and other alcoholic beverages constitute a significant portion of the market. China, the USA, Brazil, Germany, and Russia are among the nations that consume the most alcoholic beverages globally. Also, consumers prefer glass over other materials for the packaging of non-alcoholic beverages such as milk, juices, sauces, and others due tits inertness and upscale appearance. The consumption of these necessary non-alcoholic beverages is set texpand healthfully as population density increases worldwide.
Restraint:
High availability of alternatives tlimit market expansion
The glass packaging market is highly fragmented, and different packaging materials are used in different markets depending on the uses and needs of the customers. Due ttheir numerous applications and inexpensive price, plastic packaging materials dominate the worldwide packaging business. In many uses across several industries, including dairy, food, cosmetics, and many others, plastic packaging has replaced glass packaging. Despite the current rise in the campaign against plastics, the market for plastic packaging is showing nsigns of slowing down because of its widespread use and low cost. Other eco-friendly materials tglass containers that restrict market growth and expansion include paper and board and metal packaging.
Opportunity:
Environmental benefits of glass
Glass is gaining just the appropriate amount of attention in the market as an efficient and eco-friendly packaging solution, which is projected tenhance demand for glass packaging over the forecast period. Glass is a 100% recyclable material. Recycling glass directly lowers its carbon footprint and conserves raw materials. One tonne of glass, for instance, directly prevents the emission of over one tonne of virgin raw materials used tmake glass and over 580 kg of CO2 from entering the atmosphere along the supply chain. Furthermore, it reduces air pollution by 20% and water contamination by 50%. It is a popular choice in the packaging sector because of these benefits.
Threat:
Release of harmful particulates in the glass manufacturing
Sulfur dioxide, nitrogen dioxide, and other air-polluting substances are emitted during the annealing process used tmake container glass. High amounts of these hazardous substances can cause lung cancer, chronic bronchitis, asthma, and mucus secretion. Furthermore, because they are smaller in size and can result in a variety of health problems once they penetrate the respiratory system, particles emitted during the last stages of container glass manufacturing are much more harmful.
Covid-19 Impact:
The COVID-19 epidemic rapidly and significantly altered the supply and demand on the market. The amount of glass collected has increased as bottle law enforcement authorities resume glass collection initiatives. The industry has not yet fully recovered from the situation created by the pre-glass recycling rules. Due tthe COVID-19 limits, there is a significant difference between on-premise use and use at home, which has alshad an impact on collection techniques. According tCOVID-19 restrictions, restaurants and bars, which are significant contributors of glassware litter, are still subject tclosure and have a smaller capacity.
The alcoholic beverage segment is expected tbe the largest during the forecast period
The alcoholic beverage segment is expected thave the largest share during the forecast period as worldwide sales of alcoholic beverages are expanding rapidly, and its dominance is increasing revenues for glass packaging. The popularity of beer has increased significantly over the past several years among alcoholic beverages. Glass bottles account for the vast majority of beer sales, demanding higher production rates in the glass packaging sector. The popularity of glass bottles is rising as a result of the rising demand for premium alcoholic beverage variations.
The soda lime segment is expected thave the highest CAGR during the forecast period
Based on the raw materials used, the glass packaging market can be classified intcullet, soda lime, selenium, cobalt oxide, limestone, dolomite, coloring material, and others. Since soda lime glass packaging is inexpensive and simple trecycle because it can be continuously reformed and remelted, it had the lucrative growth and is predicted thave the highest CAGR in this market during the projected period.
Region with largest share:
The Asia-Pacific region is expected thave the largest market share as the market is expanding as a result of rising alcoholic beverage consumption. The region of Asia-Pacific is primarily driven by urbanization, population growth, shifting cultural patterns, and the rising popularity of beer among the younger generation. The amount of alcohol consumed in China has alsgrown substantially over the years. Moreover, the use of alcoholic beverages in China is anticipated traise the need for glass packaging in the future, according tthe Brazilian bank BancdNordeste. In order ttake advantage of the opportunity, several alcoholic beverage companies strive texpand across the nation.
Region with highest CAGR:
Due tincreased investments in technological advancements and an increasing focus on making the glass packaging production process more sustainable, Europe is anticipated thave the highest CAGR throughout the projected period. Additionally, glass packaging market expansion in Europe is anticipated tbe fueled by the country's expanding industrialization, particularly in France and Germany. Moreover, the majority of the beverage industry's production is produced in Germany, France, and Italy. Nevertheless, due trising beverage consumption and trade opportunities, Eastern European nations like Poland and Turkey will probably experience rapid expansion in the coming years.
Key players in the market
Some of the key players in Glass Packaging market include AMCOR PLC , Ardagh Group S.A., BA GLASS B.V, BORMIOLI ROCCO S.P.A., Couronne Co., Inc., GERRESHEIMER AG, HEINZ-GLAS GMBH & CO. KGAA, Koa Glass Co., Ltd., Nihon Yamamura Glass Co. Ltd., OWENS-ILLINOIS, INC., PGP Glass Private Limited and SAINT-GOBAIN.
Key Developments:
In June 2022, US-based hybrid packaging supplier Berlin Packaging acquired Verrerie du Comtat, a France-based provider of glass packaging for wine and olive oil markets..
In April 2022, Ardagh Glass Packaging North America, a business of Ardagh Group, announced the addition of new products tits portfolio. The company now offers twnew beer bottles, a 12oz long-neck bottle and a 22oz Belgian-style bottle, on its BuyOurBottles site.
In January 2022, Berlin Packaging, one of the world's largest hybrid packaging suppliers, completed its acquisition of the Le Parfait business and brands from O-I France SAS. Le Parfait is known for its iconic glass jars and lids manufactured by O-I France SAS and its affiliates.
Products Covered:
• Borosilicate
• De-alkalized Soda Lime
• Jars
• Bottles
Types Covered:
• Super Premium Glass Quality
• Premium Glass Quality
• Standard Glass Quality
Jar Sizes Covered:
• 51-100 ML
• 101-250 ML
• 20-50 ML
• 251-500 ML
• Above 500 ML
Raw Materials Covered:
• Cullet
• Cobalt oxide
• Dolomite
• Selenium
• Limestone
• Coloring Material
• Soda Lime
• Other Raw Materials
End Users Covered:
• Alcoholic beverages
• Non-Alcoholic beverages
• Pharmaceuticals
• Food
• Personal Care
• Household care
• Healthcare
• Agricultural
• Beauty Products
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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