What Is The Size Of Global Glass Packaging Industry?
Global Glass Packaging market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Glass Packaging Market is largely driven by increasing demand from the pharmaceutical and personal care sector. One of the main challenges for the market is the increased competition from alternative forms of packaging, such as aluminium cans and plastic containers. As these items are lighter in weight than bulky glass, they are gaining popularity among manufacturers and customers. The high transportation costs associated with glass packaging products are the factor challenging the growth of the market.
The ongoing Covid-19 led to a significant growth in the demand for glass packaging to be used in several end-use industries such as food and beverage, cosmetics, and pharmaceuticals. key players have also witnessed a surge in demand from consumers for glass packaging. The Covid-19 pandemic has positively impacted the market for glass packaging. The industry is witnessing increased demand from the food & beverage and pharmaceutical sectors, as the pandemic has led to a greater demand for medicine bottles, food jars, and beverage bottles.
Global Glass Packaging Market By Glass Type
The Global Glass Packaging market is segmented by Glass Type into Type 1, Type 2, Type 3 and Others.
The Type 1 segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2022. The growth of this segment can be attributed to the inherent characteristics of Type 1 glass, making it ideal to be used as pharmaceutical glass packaging.
Type 1 is the borosilicate glass, comprising 80% silica, and 10% boric oxide. The chemical materials used in this type of glass have good chemical resistance.
Type 1 glass containers are widely used for pharmaceuticals as the properties exhibited by the materials used do not allow the container to react with any substance or solution kept inside it.
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Global Glass Packaging Market By Capacity
The Global Glass Packaging Market is segmented by Capacity into Up to 50 ml, 51 – 200 ml, 201 – 500 ml, 501-1000 ml and Above 1,000 ml.
The 501-1000ml capacity segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2022. The reason behind the largest share of this segment is that majority of the alcoholic as well as non-alcoholic beverages are packed in the 501-1000ml capacity bottles.
501-1000 ml glass bottles are multi-functional and are used in diverse end-use applications such as packing beer, wine, milk, water, juices, and many others. These bottles are used on a large scale in the healthcare and food and beverage industry, as the recycling rate of glass bottles is very high as compared to other packaging material types.
Global Glass Packaging Market By Packaging Type
The Global Glass Packaging market is segmented by Packaging type into Bottles, Jars, Flacons, Tubular Glass Vials and Others.
The Bottles segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2022.
The increase in beer consumption throughout the world is one of the primary reasons driving market expansion. Beer is one of the alcoholic beverages that is packaged in glass bottles. According to a 2022 report published by Packmedia s.r.l, the glass bottle continues to be the most widely used packaging for alcoholic beverages. This directly impacts the growth of the glass packaging market.
Global Glass Packaging Market By End-User
The Global Glass Packaging market is segmented by End-User into Food & Beverages, Cosmetics, Pharmaceuticals, Household, Personal Care and Others. The Food and Beverage segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2022. Glass packaging is used for a wide range of products such as bottled water, beer, coffee, soft drinks, dairy products, energy drinks, juice, sports drinks, tea, and wine & spirits. The rising premiumization of alcoholic beverages and the growing consumption of innovative alcoholic beverages like craft beer is projected to aid the market growth.
Key Topics Covered in the Report: –
- Snapshot of Global Glass Packaging Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Glass Packaging Market
- Historic Growth of Overall Global Glass Packaging Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Global Glass Packaging Industry
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- Covid-19 Impact on the Overall Global Glass Packaging Market
- Future Market Forecast and Growth Rates of the Total Global Glass Packaging Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Global Glass Packaging Market
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
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Leading Companies Mentioned in the Report
- Amcor Plc
- Piramal Glass Private Limited
- Owens-Illinois Inc.
- Ardagh Group S.A.
- HEINZ-GLAS GmbH & Co. KGaA.
- Gerresheimer AG
- Vetropack Holding AG
- Bormioli Rocco SPA
- Vidrala S.A.
- Saint Gobain S.A.
- Koa Glass Co., Ltd.
Notable Emerging Companies Mentioned in the Report
- Remark Glass
- AeroAggregates of North America, LLC
- Evolution Glass
- Röchling
- iQRenew
- Green Gen Technologies
- Crestani s.r.l.
- Stolzle-Oberglas GmbH
Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022-2028F
For more insights on the market intelligence, refer to the link below:-
Leading Players in Glass Packaging Market
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