The glass container market is driven by a growing
preference for sustainable and safe packaging solutions.
Environmental regulations and consumer awareness are pushing the
use of glass, which is easily recyclable and offers premium
aesthetics. The market is expected to see significant growth in
Asia Pacific, particularly in
China and India, due to rising disposable incomes and
focus on food safety. The cosmetics industry, particularly in the
Middle East and Africa, is another key driver due to the
association of glass with premium quality and product
protection.
NEWARK, Del., May 16, 2024 /PRNewswire/ -- According to Future
Market Insights, the global glass container
market is estimated to reach USD
63.8 billion by 2024. It is projected to witness a CAGR
of 3.4% in the forecast period 2024 to 2034. The industry is
likely to attain a value of USD 89.3
billion by 2034.
Download the Sample PDF report to explore key market
insights and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-935
Rising awareness regarding the harmful impacts of non-degradable
materials on the environment has translated into increasing
adoption of glass containers. Governments across the globe are
focusing on sustainability by implementing strict regulations. This
compliance with the directive imposed in several countries is
expected to flourish the market. Glass has the ability to be
recycled, which serves as an eco-friendly and efficient packaging
option.
North America, Asia Pacific, and Latin America are also showing an increasing
demand for hygienic and convenient packaging solutions. Changing
lifestyles and increasing food safety awareness in China and India are pushing demand for glass containers
as safe packaging solutions. The transition toward hygienic and
convenient packaging solutions worldwide is augmenting the market
as consumers are focusing on safety, freshness, and ease
of use in packaging choices.
The cosmetics industry has seen exponential growth driven by
high demand for cosmetics and perfumes. Glass containers offer
premium and variable packaging solutions for perfumes and play a
crucial role in brand differentiation and customer attractiveness.
Due to hot and humid climatic conditions, countries in the
Middle East and Africa have shown great demand for cosmetics
and perfumes.
Glass offers a premium look for cosmetics and fragrance
products. It also maintains the integrity and quality of packaged
products, further providing an ultimate experience for
consumers. Brands are offering aesthetically appealing and
unique packaging designs to grab the attention of end-users.
Attractive glass perfume bottles play a key role in seeking
customer attention, leading to a high viewer-to-customer ratio. The
durability of glass containers ensures safe transportation and
prevents penetration of any type of exterior chemicals. Glass being
durable preserves the freshness and quality of the product. Rising
demand for cosmetics and fragrance packaging is pushing the demand
for glass containers.
Key Takeaways from the Global Glass Container Market
- Containers made of type 1 borosilicate glass are set to hold
more than 1/3rd of the share in the assessment period.
- The global market recorded a CAGR of 2.6% during the
historical period between 2019 and 2023.
- The beverage packaging segment is estimated to hold around
32.6% value share in 2034 by end-use.
- Glass bottles are projected to rise at a CAGR of 3.2% by
2034 by product type.
- The industry in India is
projected to create an incremental opportunity of USD 3.9 billion over the forecast
period.
- South Africa is likely to
record a CAGR of 3.8% during the evaluation period.
"Factors like increasing demand for bottled
beverages and premium packaging options for cosmetics products are
driving the glass container industry. This trend is in line with
data from organizations like the Glass Manufacturers' Association,
which reports increasing demand for glass containers across various
industries," – says Ismail
Sutaria (Lead Consultant, Packaging and Materials at
Future Market Insights, Inc).
Outline of Important Trends Shaping the Global Market
Rising Awareness of Health and Personal Care
Awareness about health and wellness has emerged as a key factor
in propelling the glass container market. Consumers are
prioritizing safety and purity for their products. They are hence
choosing safe packaging solutions.
Glass, known for its impermeable nature, ensures the integrity
of several skincare and healthcare products. The transparency and
clarity offered by glass create a sense of trust and confidence
among customers while making purchase decisions.
Quality and purity of drugs have always been a concern for
pharmaceutical companies. Characteristics like temperature and
chemical resistance assures in maintaining the purity of medicines.
Hospitals, pharmaceutical companies, research centers, and other
healthcare facilities are mainly using glass vials, bottles,
syringes, and ampoules, which has contributed to the industry's
expansion.
The rising prevalence of chronic diseases has further resulted
in an increasing demand for healthcare services. The outbreak of
viruses such as COVID-19 has also generated a high demand for
vaccination, which is fueling the need for glass containers.
Growing Consumption of Bottled Alcoholic Beverages
The growing demand for alcoholic beverages like wines, beers,
and spirits has pushed the adoption of glass bottles and
containers. Lightweight and premium glass bottles, embossing brand
logos, and holographs have been able to attract a huge population
base to buy the products.
It is creating a strong brand image for beverage manufacturing
companies. For instance, in November
2023, Vidrala S.A. launched BD NOVA
LITE, the lightest Bordeaux cork-finished wine bottle weighing
360 gm. BD NOVA LITE will offer an 8% reduction in weight in
comparison to other glass bottles.
Competitive Landscape
Owen-Illinois Inc., Ardagh Group S.A., Anchor Glass Container
Corporation, Adelphi Healthcare Packaging, Gerresheimer AG,
Saverglass SAS, Vidrala S.A., Toyo Seikan Group Holdings, Ltd.,
Verallia, Schott AG, and Nipro Corporation are few of the
noticeable players in the market. The Tier 1 players in the market
hold 28 to 32% of the share. These include Ardagh Group
S.A., Owens-Illinois, Inc.,
Verallia, and Vidrala S.A.
For instance,
- In February 2024,
Ohio-based Owens-Illinois, Inc. introduced a new edition of
lightweight wine bottles in France
with reduced carbon impact. It plans to reduce carbon emissions by
25% with this launch.
Purchase now and gain full access to
the Glass Container Industry report, featuring comprehensive Market
Forecast, Company Share Analysis, Competition Intelligence, DROT
Analysis, Market Dynamics and Challenges, and Strategic Growth
Initiatives.
Get More Insights into the Global Glass Container Market
Report
Future Market Insights, in its new report, offers an unbiased
analysis of the global market for glass containers, analyzing
historical demand from 2019 to 2023 and forecast statistics for
2024 to 2034. The study reveals market growth projections based on
product type (glass bottles, glass jars, glass vials, ampoules, and
syringes), material (type 1 (borosilicate glass), type 2 (treated
soda lime glass), type 3 (regular soda lime glass), and type 4
(general purpose soda lime glass), capacity (Up to 50 ml, 51 to 250
ml, 251 to 1000 ml, 1001 to 2000 ml, and above 2000 ml),
distribution channel (direct sales, distributors, retailers, and
e-retail), and end-use (cosmetics and perfumery, beverage
packaging, food, pharmaceuticals, and others) across several
countries.
About the Packaging Division at Future Market
Insights
The packaging division at Future Market Insights provides an
in-depth historical analysis and projections for the next ten years
and covers the competitive landscape through a unique dashboard
view. Ranging from packaging materials, packaging machinery to
packaging designs and formats, Future Market Insights has an
exhaustive database for these industry verticals, serving clients
with unique research offerings and strategic recommendations. With
a repository of 3,000+ reports, the team has analyzed the packaging
industry comprehensively in 50+ countries. The team evaluates every
node of the value chain and provides end-to-end research and
consulting services; reach out to explore how we can help.
About the Author:
Ismail Sutaria (Lead
Consultant, Packaging and Materials at Future Market Insights,
Inc.) has over 8 years of experience in market research and
consulting in the packaging & materials industry. Ismail's
strength lies in identifying key challenges faced by the client and
offering logical and actionable insights to equip the clients with
strategic decision-making power.
Ismail has been an instrumental part of several transformational
consulting assignments. His key skills include competitive
benchmarking, opportunity assessment, macroeconomic analysis, and
business transformation advisory. Ismail is an MBA holder in
Marketing and has a Bachelor's Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has
been widely covered in electronic and print media. He is a Speaker
at our upcoming Talk show - Rise of the Intelligent Packaging.
Ismail has been quoted in leading publications, including the
European Pharmaceutical Review and the European Adhesive Tape
Association.
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