Global Glass Packaging Market

Glass Packaging Market Size, Share, Growth Analysis, By Material (Borosilicate, De-Alkalized Lime Glass), By Product (Bottles, Jars & Containers), By Application (Beverages, Pharmaceuticals), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15G2096 | Region: Global | Published Date: December, 2024
Pages: 191 | Tables: 95 | Figures: 76

Glass Packaging Market Dynamics

Drivers

  • Rising Demand for Glass Packaging in the Healthcare and Cosmetic Industry

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.

  • Food & Beverage Industry Fosters the Growth of the 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

  • Regulatory Pressure and Environmental Impact

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.

  • Higher Maintenance and Operation Costs

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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FAQs

Global Glass Packaging Market size was valued at USD 59.8 billion in 2022 and is poised to grow from USD 62.5 billion in 2023 to USD 88.2 billion by 2031, growing at a CAGR of 4.4% during the forecast period (2024-2031). 

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. 'Ardagh Group S.A. (Luxembourg) ', 'Toyo Seikan Group Holdings Ltd. (Japan) ', 'O-I Glass Inc. (USA) ', 'AptarGroup Inc. (USA) ', 'Verallia SA. (France) ', 'BA Glass (UK) ', 'Nippon Sheet Glass Co., Ltd. (Japan) ', 'Vitro SAB de CV (Mexico) ', 'Taiwan Glass Industry Corp. (Taiwan) ', 'Piramal Glass (India) ', 'SGD Pharma (France) ', 'Sisecam (Turkey) ', 'Bormioli Pharma S.p.A. (Italy) ', 'Gerresheimer AG (Germany) ', 'Schott AG (Germany) ', 'Stolzle-Oberhlas GmbH (Germany) ', 'Zignago Vetro (Italy) ', 'Shandong Pharmaceutical Glass Co. Ltd. (China) ', 'Beatson Clark (UK) ', 'West Pharmaceutical Services Inc. (USA) '

Rising Demand for Glass Packaging in the Healthcare and Cosmetic Industry

Increasing Recycling Rates for Sustainable Growth to Drive Market Growth: Glass recycling is rapidly increasing worldwide, especially in developed countries. Based on the most efficient recycling, Europe dominated the recycling sector. According to FEVE data, Europe accounted for about 76% of glass collection. Growth is expected in many beverages, including soups, teas, coffees, juices and non-dairy beverages. Furthermore, wine production is the main contributor to the European economy and the E.U.

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.

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Global Glass Packaging Market

Report ID: SQMIG15G2096

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