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The glass packaging market size is forecast to increase by USD 16.87 billion at a CAGR of 4.48% between 2023 and 2028. The market is witnessing significant growth due to increasing consumer preference for sustainable packaging solutions. This trend is driven by the rise in demand for glass packaging in various end-use industries, including food, hard seltzers, wine, and spirits. Moreover, there is an increase in investments for the expansion of glass packaging production capacities by key players like Verallia to meet the growing demand. However, the market faces challenges from the growing popularity of metal packaging products and the increasing demand for PET and fiber packaging. Despite these challenges, the market is expected to continue its growth trajectory due to its unique benefits such as superior product preservation and brand image.
The market is witnessing significant growth due to the increasing demand for innovative technologies such as embossing and shaping to enhance the aesthetic appeal of glass products. The market is segmented into healthcare, beverage, food, and personal care packaging. In the healthcare sector, glass dropper bottles and vials are widely used for packaging generic injectable drugs. The beverage segment includes packaging for alcoholic beverages like beer and carbonated soft drinks, energy drinks, juices, sparkling waters, and non-alcoholic beverages. Glass packaging is also popular in food packaging due to its ability to preserve the taste and freshness of food.
Artistic finishes and graphic designs add to the market's appeal. Water-based coating is used to enhance the durability and protect the glass from external damages. Although tinplate and aluminum packaging products are competitors, glass packaging's unique properties such as transparency, recyclability, and ability to preserve the product's taste and aroma make it a preferred choice for various applications. Ampoules are another niche application of glass packaging in the pharmaceutical industry.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The soda lime glass segment is estimated to witness significant growth during the forecast period. The market encompasses various types of glass products used in numerous industries, with a significant focus on the beverage and liquor sectors. Soda lime glass, the most prevalent glass type, is extensively utilized due to its affordability, transparency, and durability. Manufactured from raw materials such as sand, soda ash, and limestone, this glass variant is highly valued for its properties. In the food and beverage industry, soda lime glass packaging has gained substantial traction due to the increasing consumer preference for packaged goods and the growing trend toward sustainability. Its impermeability and visibility are essential factors contributing to its popularity.
Moreover, in the beverage industry, thermal shock resistance is a crucial factor, and soda lime glass meets this requirement effectively. The liquor industry also relies heavily on glass packaging for its ability to preserve the product's quality and maintain its aesthetic appeal. Soda lime glass's resistance to thermal shocks makes it suitable for storing and transporting various types of liquor. This trend is driven by the increasing consumer awareness of sustainability and the environmental benefits of glass packaging.
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The soda lime glass segment accounted for USD 39.80 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the APAC region is experiencing significant growth, making it the largest market globally. Key contributors to this expansion include China, India, Japan, Australia, and Vietnam. The economic growth and increasing GDP of countries like China and India are major factors driving the market's growth. Additionally, the popularity of various alcoholic and non-alcoholic beverages, such as beer, smoothies, and packed fruit juices, is on the rise in the region. Factors like a growing middle-class population, rising per capita income, and increasing preference for beer among millennials are further fueling market growth. In the beverage industry, glass products are preferred due to their impermeability and visibility, making them ideal for various applications. Similarly, in the liquor industry, glass packaging offers thermal shock resistance, ensuring the product's safety during transportation and storage.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for glass packaging due to sustainability concerns is the key driver of the market. The market is witnessing significant growth due to the increasing preference for innovative and sustainable packaging solutions. Glass's inherent properties, such as its ability to be embossed, shaped, and adorned with artistic finishes, make it an attractive choice for various industries, particularly healthcare. Glass dropper bottles and vials, for instance, are widely used in the pharmaceutical sector due to their transparency and ability to preserve the quality of contents. With consumers and regulatory bodies prioritizing eco-friendliness, glass packaging's 100% recyclability and endless recyclability without compromising quality or purity, make it a preferred option. Compared to other packaging materials, such as plastic, glass has a lower environmental impact, making it an appealing choice for brands seeking to minimize their carbon footprint.
Expansion in investments for expansion of glass packaging production capacities is the upcoming trend in the market. To meet the escalating global demand for glass packaging, companies are investing substantially in advanced technologies and facilities. For instance, in February 2024, O-I Glass Inc. Allocated USD 102.6 million towards enhancing two of its French production sites. Similarly, Verallia SA announced an investment of USD 151 million in Brazil to boost manufacturing capacity and promote sustainability initiatives. These strategic moves enable these companies to produce innovative glass packaging solutions, including embossed, shaped, and artistically finished products, catering to various markets, such as healthcare, which relies heavily on glass dropper bottles and vials.
Rising demand for PET and fiber packaging is a key challenge affecting the market growth. The market is witnessing significant growth due to the increasing demand for innovative technologies such as embossing, shaping, and artistic finishes. Glass packaging is widely used in various end-use industries, including healthcare, pharmaceuticals, and food and beverages. In the healthcare sector, glass dropper bottles and vials are extensively used due to their superior quality and ability to ensure product purity. Glass packaging offers several advantages, including its ability to provide a premium look and feel, as well as its resistance to light and moisture. While plastic containers, such as PET, have gained popularity due to their lightweight and cost-effective nature, glass packaging continues to hold a strong position in the market, particularly in applications where product quality and image are paramount. Companies such as Glass Packaging Europe, Owens-Illinois, and Ardagh Group are leading players in this market, offering a wide range of glass packaging solutions to meet the diverse needs of their customers.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Amcor plc - The company offers glass packaging such as spirit bottles for on premise usage in bars, hotels, restaurants, and sports venues. Its slender design allows for interchangeability with 750ml glass bottles.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand from various industries such as healthcare, beverage, and food. Innovative technologies like embossing, shaping, and artistic finishes are being employed to enhance the visual appeal of glass products. Glass packaging finds extensive applications in the healthcare sector for producing glass dropper bottles and vials. In the beverage industry, glass is widely used for packaging beer, water-based coating, and carbonated soft drinks. The liquor industry also prefers glass due to its impermeability and visibility. Thermal shocks and cost-sensitivity are the major challenges in the market. To overcome these challenges, lightweight and portable glass products are being developed.
Further, the market companies are focusing on producing shatter-proof glasses and using impact-resistant plastic resin in the glass production activities. The glass recycling process is gaining popularity due to the growing focus on eco-friendly packaging. The market for glass packaging extends to personal care packaging, drug delivery products, and alcohol. The market for glass packaging in the food industry includes applications in wine, spirits, hard seltzers, and juices. Metal packaging products like tinplate and aluminum are facing stiff competition from glass packaging due to their inability to offer the same level of visibility and aesthetic appeal. Graphic designs, peelable ends, ampoules, and various other innovations are being introduced to cater to the evolving consumer preferences.
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Market Scope |
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Report Coverage |
Details |
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Page number |
173 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.48% |
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Market Growth 2024-2028 |
USD 16.87 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.98 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 44% |
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Key countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amcor plc, AptarGroup Inc., Ardagh Group SA, BA Glass Group, Beatson Clark, Feemio Group Co. Ltd., Gerresheimer AG, HEINZ GLAS GmbH and Co. KGaA, Hindustan National Glass and Industries Ltd., Nihon Yamamura Glass Co. Ltd., O I Glass Inc., Piramal Enterprises Ltd., Stoelzle Oberglas GmbH, The Cary Co., Vetreria Etrusca, Vetropack, Vidrala SA, Vitro, Wiegand Glas Holding GmbH, and Verallia SA |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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