ID: MRFR/PNT/3708-HCR | 111 Pages | Published By Pradeep Nandi on April 2023
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).
2022 - 2030
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.
Various factors drive the growth of the glass container Market Size across the world. A few of them are:
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.
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.
The glass container market is broadly classified into two subtypes. These are:
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.
The glass container glass container Market Trends are divided into four segments based on the regions, namely.
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.
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.
|Market Size||USD 87,622.80 million|
|CAGR||5.31% CAGR (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||
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.