USD 59.8 billion
Report ID:
SQMIG15G2096 |
Region:
Global |
Published Date: December, 2024
Pages:
191
|Tables:
0
|Figures:
0
Glass Packaging Market size was valued at USD 57.48 Billion in 2023 and is poised to grow from USD 60.07 Billion in 2024 to USD 85.42 Billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
Glass packaging includes areas such as glass cases, bottles, containers, and more. It is the most reliable packaging material for health and safety. Packaging depends on the type of product. Glass is a sustainable material that can be endlessly reused without losing its quality. Growing demand of food and beverage and personal care and grooming industries is expected to fuel the glass packaging market growth. Growing consumer demand for powerful and safe packaging solutions is one of the major factors driving the growth of the global market. Glass is also considered as an attractive renewable material, thus being used in a wide variety of end-use industries. Leading manufacturers are constantly introducing new products with technologies that enhance beauty, texture and add artistic finishes, leading to market growth.
The global market experienced moderate growth due to major supply chain disruptions that ended daily activities. However, with the growing concern of the COVID-19 pandemic, many countries considered glass packaging as an essential industry. The industry recorded increased demand from the pharmaceutical, food and beverage sectors. The use of food bags and beverage bottles increased the need for packaging from these areas. Several companies including the American Glass Packaging Institute (GPI), the European Federation of Glass Packaging (FEVE), and the European Glass Recycling Association provided presentations thanking all employees for their commitment and dedication.
Global Market Size
USD 59.8 billion
Largest Segment
de-alkalization
Fastest Growth
Borosilicate
Growth Rate
4.4%
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Global Glass Packaging Market is segmented by Material, Product, Application and Region. Based on Material, the market is segmented into Borosilicate, De-Alkalized Lime Glass, Soda Lime Glass. Based on Product, the market is segmented into Bottles, Jars and Containers, Vials, Ampoules, Cartridges and Syringes. Based on Application, the market is segmented into Beverages, Pharmaceuticals, Food, Personal Care and Cosmetics, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Material
As per glass packaging market outlook, de-alkalized soda lime glass, commonly used in the food and beverage industry, dominates the glass packaging market because of its low cost and versatility. This glass type undergoes a de-alkalization process, which enhances its chemical resistance, making it suitable for packaging items like beverages, condiments, and cosmetics. The widespread availability and lower production costs of soda lime glass give it an advantage, enabling manufacturers to meet high demand at competitive prices and therefore this segment leads the market, especially in areas of safety-related packaging, clarity and affordability are prioritized.
Borosilicate segment is the fastest growing in the glass packaging industry. Borosilicate glass is growing within specialized applications like pharmaceuticals, where its unique durability is essential. It is known for its high resistance to and chemical durability and thermal shock, is primarily used in food and beverage, pharmaceutical packaging. Its unique composition, which includes silica and boron trioxide, makes it resistant to extreme temperatures, making it ideal for products requiring sterilization or temperature-sensitive storage, such as medicines, specialty beverages, and laboratory glassware. This segment is growing steadily as demand for safe, durable packaging rises in pharmaceuticals and premium food products.
Analysis by Product
The rigid packaging segment is dominating the glass packaging industry. This category is expected to register a notable share of the market owing to its protection and durability. Rigid packaging delivers quality protection for goods during storage and transport. It protects goods from physical damage, spoilage, and contamination. Moreover, versatility of rigid packaging is another reason for the segment growth. This form of packaging is used in major industries like beverages, pharmaceuticals, household products, and more. Glass bottles improve food and beverage freshness. The alcohol industry uses attractive packaging products, including ceramic glass bottles, beer bottles, and whisky bottles. Moreover, manufacturers’ increasing need to differentiate their alcoholic products on the basis of packaging will boost the use of glass packaging in the beverage industry.
Conversely, the flexible packaging segment is expected to grow at a steady rate due to the higher convenience offered. Flexible packaging holds easy-to-use designs like spouts, re-sealable zippers, tear-notches, and more that improve convenience for consumers and ultimately the product functionality. This form of packaging consumes less space and is highly compressible as compared to rigid packaging, driving its growth. Flexible packaging, although not typically made of glass, is an alternative use of chemical packaging compounds. While flexibility is not a priority in glass packaging, the use of glass containers in hybrid packaging solutions is growing, especially in locations focusing on the simplicity and aesthetics of the user experience.
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As per the glass packaging market outlook, the Asia-Pacific region held a considerable share of the market in the previous years and will continue dominance in future owing to speedy economic growth and increasing population. Countries such as India and China have witnessed major growth in urbanization and economic development, which expanded the demand for packaged products. Moreover, the ever-increasing population is fueling increased consumption of packaged goods in different sectors like personal care, food and beverages, and healthcare. The key players operating in Asia-Pacific include Berry Global Inc., Amcor Group GmbH, Silgan Holdings Inc., Alpla Werke Alwin Lehner GmbH & Co KG, and Sonoco Products Company among others.
North America is expected to be the fastest-growing region due to advanced infrastructure and heavy adoption of innovative technologies. The North America region in the glass packaging market is anticipated to grow at 4.1% over the forecast period attributed to advance primary, secondary, and tertiary-care healthcare facilities. Furthermore, the well-developed government funding, reimbursement system and rising health consciousness have contributed to integrating sensors into medical devices. Moreover, the region is a center for modernization and technological improvements in packaging, comprising creation of smart packaging, sustainable materials, and enhanced manufacturing processes, driving the glass packaging market growth.
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Drivers
Growth in the healthcare sector and availability of cosmetic industry are also driving the global market. The design and manufacture of appropriate packaging materials is essential to confirming the safe storage, distribution and management of pharmaceutical products. Healthcare packaging is primarily made of glass. Cosmetic containers that use glass materials for high-end cosmetic packages are rapidly increasing. It further contributes to the growth of the overall market.
The beverage industry is growing rapidly, and its dominance in reducing the demand for glass packaging. Nevertheless, the liquor industry in countries like India is driving the need for manufacturing in this sector. Glass packaging is the biggest innovation in the market for the food industry. Glass is a safe material not only because it does not react with the environment or its components, but also because it does not release any harmful chemicals into storage containers.
Restraints
Glass provides greater environmental benefits with its ability to be recycled indefinitely and the fact that it releases zero harmful emissions. However, plastic packaging is ideal for applications in which cost, weight, or space efficiency is a major concern. Concerns over pollution, plastic waste, and its contribution to the degradation of the environment are fueling the demand for sustainable substitutes. Moreover, the growing bans and regulations on disposable plastics are challenging the market to implement stringent standards for the environment and reduce carbon footprint.
The costs related to development of efficient recycling technologies and complexity of recycling particular plastics is significantly high, hindering the growth of the market. Furthermore, fluctuations in raw material prices, such as petrochemicals might affect the manufacturing costs and market stability.
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The competitive landscape of the glass packaging industry is shaped by key players, regional dominance, and industry partnerships. The glass packaging market reflects the competitive environment of large multinational companies and regional players focused on specific end-use industries, such as Food and Beverage Consumption, Cosmetics Owens-Illinois Inc., other markets. The key players leverage extensive production capacity and global distribution networks to meet high demand volumes while adhering to stringent quality standards.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, growing innovations and advancements in technologies and customization and branding are fueling the glass packaging market. Nonetheless, significant recycling costs and fluctuations in the prices of raw materials are hampering the growth of the glass packaging market. Asia-Pacific is projected to dominate the market due to growing industrialization and production, increasing disposable income of consumers expanding e-commerce, and speedy economic growth. Moreover, developing sustainable solutions and personalization and customization are a few opportunities for market growth.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 59.8 billion |
Market size value in 2031 | USD 88.2 billion |
Growth Rate | 4.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Glass Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Glass Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Glass Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Glass Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15G2096
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