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