Glass Container Market Research Report - Global Forecast to 2030

Glass Container Market Report by Product Type (Glass Bottle, Glass Jars, Glass Vials, and Candle Glass Containers), by End-use (Cosmetics & Perfumes, Pharmaceuticals, Food Packaging, Beverage Packaging and Other Products) and by Region - Global Forecast to 2030.

ID: MRFR/PNT/3708-HCR | 111 Pages | Published By Pradeep Nandi on April 2023         

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Glass Container Market

Glass container market is projected to be worth USD 87,622.80 Billion by 2030, registering a CAGR of 5.31% during the forecast period (2022 - 2030).

Segmentation
By Product Type Glass Bottle Glass Jars Glass Vials Candle Glass Containers
By End-use Cosmetics & Perfumes Pharmaceuticals Food Packaging Beverage Packaging
Key Players
Companies Profiled   Amcor Limited (Australia)   Frigoglass (Greece)   Owens-Illinois Inc. (U.S.)   Consol Glass (Pty) Ltd. (South Africa)   Central Glass Co.   Vitro   S.A.B de C.V. (Mexico)   VIDRALA (Spain)   Industries Limited. (India)   Hindusthan National Glass and Ardagh Group S.A. (Luxembourg)
Drivers
Market Driving Forces   Increased demand for alcoholic drinks consumption   Increase in the improved health care system across the world
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Glass Container Market Overview


Glass container market is projected to be worth USD 87,622.80 Million by 2030, registering a CAGR of 5.31% during the forecast period (2022 - 2030), The market was valued at USD 69.49 billion in 2021. Glass containers are the glass packaging, highly preferred by customers owned to preserve things, products with extra safety. From the evolution of glass, the glass industry has come a long way, and the container market has undergone remarkable changes to become more accessible to the market and customer friendly from the past couple of decades. The weight of glass containers has reduced significantly over time, making it grip easy and aiding in decreased costs in glass products. The unique features of glass, such as chemical durability, ease to hold, affordable, optical properties, transparency, and price efficiency, ensure its milestone of success over the years.  Since a majority of manufacturers sell alcoholic drinks filled in glass bottles, the demand in the market for glass products as utensils or home décor, the demand for glass products has always been the fascinating beauty to storing any home utilities.  The development of innovative and lightweight glass products with attractive designs and certain vibrant colour combinations makes the customer instinct to buy. Also another different factor that encourages the demand for glass products is its lower cost efficiency. The use of glass in one’s wardrobe automatically increases the living standard of that person, conveying a positive outlook of the individual’s social status. Shows the luxurious life one is living.  Glass containers are considered better alternatives to plastic and metal products as sustainable packaging. Glass containers are considered one of the most preferred packaging formats for luxury items like showpieces, perfumes, and cosmetics.

COVID-19 Analysis:


Life has not been the same since the onset of the delay coronavirus. Most of the businesses in every market across the globe have faced significant setbacks due to continuous lockdown and the individuals' deteriorating health. But what stays as the hope for many is the ability to get back to normal under the guidance of those who have extensive knowledge about the glass container Industry. The report prepared has everything that a business needs to ensure that they overcome the losses that they have suffered since the onset of the pandemic. After the intensive research on the glass container Market Analysis by the experts from the industry by using the current scenario of the glass container Market, historical outlooks, and the strategized implementation techniques that have been covered in the report. Moreover, the competitors' situation has also been considered so that the business owners and the staff can self analyze themselves.


Glass Container Market Dynamics:


Various factors drive the growth of the glass container Market Size across the world. A few of them are:



  • Increased demand for alcoholic drinks consumption in countries like China and India.

  • An increase in the improved health care system across the world is another primary factor that has enhanced the glass container Market Growth.


In European countries like Turkey, Russia, and Germany, the glass container Industry's key driver is the increased consumption of beer.

  • With the increase in the average living age of an individual globally, the need for pharmaceutical products that demand to package in glass containers has increased too, which is another factor that promotes the glass container Market Value.


Also, certain Factors have acted as a restraint in the growth of the glass container Market Trends. These are

  • The glass containers have a high risk of breaking hence need proper care.

  • The transportation cost also increases because products packed in these have to be taken from one place to another with gentle care.


Competition Landscape:


The key players in the market include Amcor Limited (Australia), Frigoglass (Greece), Owens-Illinois Inc. (U.S.), Consol Glass (Pty) Ltd. (South Africa), Central Glass Co., Ltd. (Japan), Vitro, S.A.B de C.V. (Mexico), VIDRALA (Spain), Industries Limited. (India), Hindusthan National Glass and Ardagh Group S.A. (Luxembourg).All these key players in the market have been striving hard to ensure that the glass container market reaches the heights of success. This has been made possible by the continuous efforts to bring new technologies and advancements in the sector. Also, the strategic planning and the proper implementation of the techniques have helped each of them and earn a name for themselves in the glass container Market Share. Moreover, they have also kept a regular check on each other to analyze what areas they need to work on to get better into the market.


Regulatory implications


The primary reason that propels the glass container Market Value is the increasing demand for pure and sustainable packaging alternatives. People are getting more conscious about their health; hence they look forward to something that would not destroy the nutrients of the food. Glass is not just chemically inert, but it even stays pure after getting in contact with almost every substance. This incredible property of the glass makes it the first choice of pharmaceutical companies as well. Moreover, they neither fade nor deteriorated with time.


Glass Container Market Segmentation


The glass container market is broadly classified into two subtypes. These are:



  • By product type

  • By End-use


By product type: This segment is further divided into the following:



  • Glass jars

  • Glass bottles

  • Glass vials

  • Candle glass containers


The glass bottle segment has become a sought-after container for liquids like beverages. Right from the wines to the did, glass bottles are used on a large scale worldwide.

By end-use: This segment is subdivided into the following


The fact that class does not react with many substances ensures that the packaged goods say fresh and healthy has also been making it the best choice for many food packages.


Regional Analysis


The glass container glass container Market Trends are divided into four segments based on the regions, namely.



  • Europe

  • North America

  • Asia pacific.

  • Rest of the world


Out of all these, Asia Pacific was a dominant leader in the glass container Market Size in 2013/and had almost 37.2% of the total glass container Market Revenue. These areas are still witnessing massive expansion in the glass container Market with the increased demand if beverages and packaged food material. Moreover, the region also has high availability of silica, one of the primary raw materials in glass manufacturing.


The region that follows after the Asia Pacific is Europe which accounts for 31.9%of the total glass container Market Revenue of the glass container Market Share. The significant factors that promote the growth of the market in Europe are the increasing demand for beer across countries like Germany and France.


The factor that would speed up the glass container Market Growth in North America's market is the increasing demand for the pharmaceutical industries in the area.


Recent Developments


January 2020 - Ardagh Group S.A., a corporate unit, a global supplier of sustainable, recyclable, metal and glass packaging company, is considered the biggest domestic glass bottle producer for the wine industry with sophisticated designs.


November 2019- Owens-Illinois is an American company that deals with the manufacturing of sophisticated glass collections and is known as its world’s leading glass manufacturer and producer.


Report Overview


The glass container industry is one of the leading industries in the packaging market. The reason for its popularity is the behavior of the glass. It stays chemically inactive after coming in contact with almost every substance; this has become the first choice for food and beverages and the pharmaceutical industry. According to glass container Market Analysis, it has intense competition with the metal industry in the form of cans, but it is still expected to continue with a high market share in the forecast period. The Asia Pacific dominates the market because of the increasing demand for beverages. Moreover, glass is recyclable does not cause any harm to the environment. There are factors like fluctuating prices of raw material that have been pulling back the growth but overall the glass container Market Outlook is relatively healthy.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 87,622.80 million
  CAGR   5.31% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type and End-use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Amcor Limited (Australia), Frigoglass (Greece), Owens-Illinois Inc. (U.S.), Consol Glass (Pty) Ltd. (South Africa), Central Glass Co., Ltd. (Japan), Vitro, S.A.B de C.V. (Mexico), VIDRALA (Spain), Industries Limited. (India), Hindusthan National Glass and Ardagh Group S.A. (Luxembourg).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Increased demand for alcoholic drinks consumption
  • Increase in the improved health care system across the world


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    Frequently Asked Questions (FAQ) :

    The global Glass Container Market is expected to record a substantial market valuation by 2030.

    The global Glass Container Market is projected to register a moderate 5.31% CAGR in the forecast period.

    The glass jar segment is slated to expand as the fastest-growing segment.

    The food and beverage segment is slated to expand as the fastest-growing segment.

    A few major market players operating in the global Glass Container Market are VIDRALA (Spain), Amcor Limited (Australia), Central Glass Co., Ltd. (Japan), Owens-Illinois Inc. (U.S.), BA Vidro, S.A. (Portugal), among others.

    The expected market value for the market would be substantially at the end of 2030.