Glass Packaging Market Research Report - Forecast to 2030

Glass Packaging Market by Product (Standard Glass Quality, Premium Glass Quality, Super Premium Glass Quality), Application (Beverage Packaging, Food Packaging, Personal Care Packaging, and Others) and Region – Global Forecast to 2030

ID: MRFR/PNT/0750-CR | August 2018 | Region: Global | 185 pages

Glass Packaging Market Overview


Globally, the glass packaging market occupies a market value of USD 74.87 billion by the end of 2028. The market projects at a CAGR of 5.92% during the market forecast period of 2021-2028. In the year 2020, the market was valued to project at a USD of 53.37 billion.


An upward trend in the glass packaging market was witnessed and was marked that packaging solutions of different ranges arrived in the mark3et. Glass is one of the most primary ingredients used as packaging materials in the alcohol industry, beverage industry, producing the liquid-based pharma organics. It also includes some of the perishable as well as non-perishable products.


Glass is composed of a variety of sustainable products. It is the best product so used by consumers who care very much about their health. It gives original protection to the product inside it. The glass is inexpensive and has some chemical and hydrolytic properties so is in high demand. The glass can be softened several times and can be well fabricated. It also involves dry sterilization.


COVID 19 Analysis


During the pandemic, the glass packaging industry gained huge demand. This was because the pharmaceutical units and the food units witnessed increasing demand. Glass demand was on increasing due to its high demand of Fand b units during the pandemic which increased the use of medicine bottles, food jars, and an increase in demand for beverage bottles.


Competitive Landscape


Some of the key players of the market are



  • Owens Illinois Inc.

  • Ardagh Group SA

  • Heinz Glas Gmbh

  • and Co. KGAA

  • Verallia

  • Vitro

  • Vidrala S. A.

  • Nihon Yamamura Glass Co. ltd

  • BA Vidro

  • Allied Glass Containers ltd

  • Gerresheimer AG

  • VetroBalsamo Spa

  • Vetropack Holding Company

  • Verescence

  • Stolzle Glass Group

  • Luigi Bormioli Corporation

  • Piramal Glass

  • Zignago Vetro S. P. A.and many korai.


Market Dynamics


Drivers


Growth in food and beverage industries, upsurging of pharma units, and presence of some of the cosmetics industry drive up the glass packaging market growth. Its unique characteristics like zero chemical leaching, malleability, and non-reactive nature increase the market size. It’s eco-friendly and its efficient nature drives up the market size. Its recyclability nature and its reusing nature drives up the demand for packaging materials. Moreover, it has been found that the products so used for glass packaging are safe and safeguard their freshness for a long period, thus driving up the glass packaging market size.


Opportunities


Giving much more effort towards adopting more eco-friendly products which are sustainable enough has helped in revving up the glass packaging industry. An increase in consumer demand using it in a better manner has helped the packaging market to grow. Spending on per sum disposable income level and change in lifestyle of the people increased the opportunity for rising glasspackaging market growth.


Challenges


Using alternative items like aluminum and plastic containers increases the competition among the key players is the main challenging factor of the market. These alternatives are gaining popularity due to them being lightweight and are mostly preferred by the manufacturers. The rise in technological activities along with the packaging methods so adopted is the main challenging factor for rising the business.


Cumulative Growth


the market forecast period was during which maximum growth takes place. Government spending much more on research and developmental activities promotes up growth.


Restraints


Reducing the operational costs and reduction in usage of substituted products like plastics and tin are restraining the market growth and expansion of the business. Stringent laws and regulations so put forward have deteriorated the market size and market growth.


Market Segmentation


By type


Globally, the industry has been classified based on product, application, in terms of geography, the money and as per the market value. Based on application, the market has been classified as per the packaging of alcoholic beverages, packaging of non-alcoholic beverages, packaging of food products, packaging of cosmetics, and many more. Based on geography, the market has been divided into the North American region, Asia Pacific region, European region, and some of the areas present in the rest of the world. The segmentation so done gives a holistic picture of the industry.


By technology

Advanced technology, had led to the engraving of up artistic designs on the packaging glass bottles. Technology has led to embossing and shopping the bottles in different shapes making them more desirable. Technology made those products in such a manner that the lightweight glass has been innovated in an established manner giving the same resistance on the bottles. Emission of carbon dioxide was reduced whereas a reduction in the volume of the raw materials took place.


Regional Analysis


The rise in population growth in the China region drives up the market growth and its opportunities. The Asia Pacific region contributes too much towards growth due to the presence of disposable income level of the public. Moreover, the growth in the alcoholic beverage in the Asian region pushes up the market size. Asian region was followed by the European region where Europe was said to be the second-largest market contributing towards the growth. The presence of eastern European countries like Turkey and Russia drives up the market growth and market size. Consuming more beer drives up the packaging industry in Germany. The presence of more of geriatric population demands up and steers up the pharmaceutical sectors. The high demand of the pharmaceutical segment of the glass packaging industry takes place basically in the North American and European region. Moreover, this region is in high demand due to the high growth of therapies so preferred by the population. Besides it, the Canadian region along with the United States region is in high demand as the population is preferring using food containers.


Recent Developments



  • Some of the companies are preferring to use glass bottles instead of plastic ones. Moreover, Pepsico has avoided using 67 billion plastic bottles and will completely ban using them till the endos 2025.

  • The dairy industry is also using the same method. It is avoiding using plastic products and is more preferring using those eco-friendly bottles. Due to the rise in consumer demand, some of the companies like Milk and More, Parker Diaries are subsequently using this method and are constantly giving efforts to pull up their efforts for the environment.

  • Berlin Packaging in December 2020, on building its partnership with another glass packaging supplier namely New Pack, for expanding the wine business. The distribution network of their supply chain extended to the region of the Northern part of Italy. Their packaging raises their market growth throughout the European market.

  • Piramal Glass Ltd in February 2020, invested a huge sum in the environment-friendly project. Their expansion to the region includes a furnace along with some of the manufacturing units that provide good catering services regarding food and beverages.


Report Overview


The report gave a good analysis of the MRFR. It signifies the market outlook and gives an analysis of the eight-year market forecast of the global market. The report thoroughly discusses the market dynamics. It examines the macro and micro points that influence environmental growth. It analyses the growth developing trends that have to be carried out on a global scale. The report also involves variate packaging products which include the standard quality of glass, premium and super-premium quality of glass packaging products. The report gives a good revenue analysis based on some of the application areas which involve beverage packaging, food packaging, cosmetics packaging, and packaging of pharmaceuticals products. The report covers the historical market trends, the market dynamics during the market forecast period, the range of market value. It also gives information regarding market segmentation. It makes a country-level analysis of each industrial segment. It involves the key players who cover major market share. It gives details about the growth factors and analyzes them. It gives details about the supply chain and analysis about the Porter’s five that are being applied in the market.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2028: USD 74.87 Billion
  • 2030 : Significant value
  •   CAGR   5.92% CAGR (2022-2030)
      Base Year   2021
      Forecast Period    2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Product, and Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Owens-Illinois Inc., Ardagh Group S.A, Verallia, Vidrala S.A., BA Vidro, Gerresheimer AG, Vetropack Holding Company, Stölzle Glass Group, Piramal Glass, Wiegand-Glas GmbH, Zignago Vetro S.P.A., Verescence, Luigi Bormioli Corporation, Vetrobalsamo Spa, Allied Glass Containers Ltd, Nihon Yamamura Glass Co., Ltd., Vitro, Heinz Glas GmbH & Co. KGAA
      Key Market Opportunities

  • Scope In Developing Nations
  • New product launches and R&D amongst major key players
  •   Key Market Drivers

  • Increased Consumption Of Beverages
  • Growth In The Pharmaceutical Industry
  • Several Environmental Benefits


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    Frequently Asked Questions (FAQ) :


    Glass Packaging Market size is projected to be worth USD 74.87 Billion by 2030

    Global glass paaging market is expected to exhibit a strong 5.92% CAGR over the forecast period from 2022 to 2030.

    The absolute inertness of glass against chemicals is the major driver for the glass packaging market.

    Asia Pacific is likely to dominate the glass packaging market over the forecast period.

    Leading players in the global glass packaging market include Vidrala SA, Ardagh Group SA, and Piramal Glass, among others.

    Here, the beverage industry is experiencing tough competition concerning the metal segment. This segment is using premium products and is in high demand during the market forecast period. The size expansion of the beverage market takes place concerning the food products related to juice, coffee, tea, and some of the non-dairy beverages. Moreover, the use of premium variants beer products is in high demand and is driving up the market size. This demand raises the production rate of the beverage industry. Moreover, the use of non-alcoholic beverages is rising as these industries are using returnable packaging bottles which give opportunities to the companies to use this cost-effective solution.

    Besides promoting the shelf life of the products, these glass bottles prevent the food from getting contaminated and bring up the lucrative opportunity for market growth. The recycling industry is another leading industry during the forecast period. During this time, the European market was marked to be the recycling industry bringing large opportunities to grow.

    Global Glass Packaging Market: Competitive Landscape


    The global glass packaging market is characterized by the presence of many global, regional, and local players. The market is highly competitive with all the players competing to gain market share. Intense competition, and increasing demand for various grades of products confront market growth. The vendors compete based on cost, product quality, and reliability. It is crucial for the vendors to provide cost-efficient and high-quality glass, to survive and succeed in an intensely competitive market environment.


    Owens-Illinois Inc. is leading manufacturer and seller of glass containers in the food and beverage segment industries. The company manufactures glass containers for the alcoholic beverage which include Flavoured malt beverages, Wine, Spirits and Beer, food, tea, Juice, Pharmaceutical & Chemical segment and Tableware. The company offers its product in different ranges of sizes, colors. Owens-Illinois operates in 23 countries and has 79 manufacturing and processing plants in these countries. Owens-Illinois also provides engineering support to its manufacturing operations located in Australia, France, Poland, Peru, Colombia, and the United States. The company mostly uses recycled material in its production process so that they could be more sustainable company and an environmentally concerned company. Owens-Illinois strategy is to focus on providing innovative competitive solutions to its customers in the food and beverage sector. The company’s goal is to enhance the shareholders wealth and enable the future success of its customers and employees.


    Ardagh Group S.A. is leading supplier of glass packaging solutions, metal packaging solutions and infinitely recyclable. The company believes in continuous innovations in quality and customer services and by the strong investment has underpinned to their growth over 2 decades. The company operates 108 facilities across 22 countries worldwide. The company aims to operate its business sustainably. Thus, they only supply those materials, which can be 100% infinite recycled and reused. The company also offers packaging solutions to the other markets sectors are beverage cans, beers and spirits, food and aerosols. The company has an annual sales of USD 8.6 billion, globally. The company uses leading technology and expertise in the field in its operations and has focus on operational excellence and optimization of manufacturing base.


    Verallia is one of the leading manufacturers and suppliers in glass packaging industry. The company supplies glass jars and bottles for the food and beverage industry, globally. Verallia also manufactures stock containers of different ranges and sells all over the global market. The company has different operations in Argentina, Brazil, Espana, Italia, North America, Ukraine and Deutschland. The company is the former subsidiary of the Compagnie de Saint-Gobain S.A. Verallia is the third largest producer of the glass packaging for the food and beverages industry and supplies innovative and environment-friendly solutions to more than 10,000 customers in the global market. The company’s key focus area is increasing the market share in glass packaging market through internal growth and acquisitions. It uses well-established strategy to develop technologies that generate attractive cash returns. As a result, it expects to continue to increase the number of their product offerings in the market and acquire new customers and distribution channels.


    Vidrala S.A. is a privately held company with 9 production sites in over 5 countries Spain, Portugal, Belgium, England, Italy. The company supplies different varieties of product in the food and beverage industry. The company has its business activities in complete value chain of glass, starting from raw material procurement, melting process, forming, to packaging and distribution. Vidrala has the production capacity of 8 billion containers of glass bottles, per year. The company uses 51% recycled glass in its operations. The company operates through two regional segments, namely European Union and Spain union. Vidrala sees its key strategy in expansion. The company has improved its operational efficiencies and has expanded its geographic presence by setting up facilities, across the globe, to cater to the standard and customized needs of the client base.


    BA Vidro is a manufacturer and a marketer of glass bottles. The company has a partnership with CVC Capital Partners financial group, which had purchased USA’s Anchor Glass, which has six manufacturing facilities, 11 furnaces and 31 machines that have a production capacity of nearly 5 billion glass containers, per year. Anchor Glass serves various segments such as food and beverage, beer, ready to drink and liquor products and its manufacturing facilities are located in Georgia, Indiana, Oklahoma, New York and Florida, which will increase their market share. The company is focusing on its current and future customers and building the image of the best premium quality goods provider through innovation, and consistent services, which will build and keep the trust within the customer. BA Vidro is encouraging and developing the talent of its employees so that they can create an opportunity for them as well as for the company and build its core competency