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Glass Packaging Market Research Report 2023
Glass Packaging Market Size By Glass Type (Borosilicate-Based, Soda-Lime-Silica-Based), By Product (Bottles, Jars & Contain, Ampoules, Vials, Others), By End-User (Food, Beverage (Alcoholic & Non- Alcoholic), Pharmaceuticals, Personal Care & Cosmetics, Others), and Region Global Market Analysis And Forecast, 2023-2030
Glass Packaging Market Synopsis
The Global Glass Packaging Market size was reasonably estimated to be approximately USD 52600 Million in 2023 and is poised to generate revenue over USD 86300 Million by the end of 2030, projecting a CAGR of around 6.40% from 2023 to 2030.
The glass packaging market refers to the production, distribution, and use of glass containers for packaging various products such as beverages, food, pharmaceuticals, cosmetics, and more. Glass packaging offers several advantages, including its inert nature, impermeability to gases and liquids, recyclability, and aesthetic appeal.
- Glass packaging refers to using glass containers to package various products. It is a popular choice in food and beverages, pharmaceuticals, cosmetics, and more industries.
- Glass is chemically inert, which means it does not react with the contents it holds. This property makes it an ideal choice for preserving the taste, aroma, and quality of food and beverages. Glass is impermeable to gases and liquids, providing an excellent barrier against oxygen, moisture, and other external elements. This helps to maintain the freshness and integrity of the packaged products.
- Glass is 100% recyclable and can be recycled endlessly without losing its quality. Recycling glass helps conserve resources and reduce the environmental impact associated with packaging waste.
- Glass packaging is known for its premium and elegant appearance. It offers transparency, allowing consumers to see the product inside, and can be customized with different colors, shapes, and designs.
- And hence, the popularity of glass packaging continues to grow due to its numerous advantages, including its eco-friendliness, product protection, and aesthetic appeal. The industry continues to innovate and find ways to address these challenges through advancements in manufacturing technology and sustainable practices.
Top Key Players Involved Are:
"Ardagh Group (Ireland), Owens-Illinois Inc. (US), Verallia (France), Vetropack Group (Switzerland), Vidrala (Spain), Piramal Glass (India), Ba Glass (Portugal), Wiegand-GLAS (Germany), Gerresheimer AG (Germany), Şişecam Group (Turkey), Frigoglass (Greece), Consol Glass (South Africa), Vitro (US), Agi Glasspac (Australia), Nihon Yamamura Glass (Japan), Toyo Glass Co. Ltd. (Japan), Verescence (France), KOA Glass Co. Ltd (Japan), Zignago Vetro S.P.A. (Italy), Bormioli Rocco Group (Italy) and Other Major Players."
Glass Packaging Market Trend Analysis
Rising Demand for Glass Packaging in The Pharmaceutical Industry
- The pharmaceutical industry requires packaging solutions that can ensure the integrity and safety of drugs and healthcare products. Glass packaging offers excellent barrier properties, protecting the contents from oxygen, moisture, and other external factors that can compromise their quality and efficacy. Glass containers provide a reliable and secure packaging option for sensitive medications, injectables, and ophthalmic products.
- Glass is chemically inert and non-reactive, making it an ideal choice for pharmaceutical packaging. It does not interact with the drugs or alter their chemical composition, ensuring that the medication remains stable and potent throughout its shelf life. This inert nature of glass helps to maintain the efficacy and safety of pharmaceutical products.
- Many light-sensitive pharmaceutical drugs can degrade when exposed to light. Glass packaging offers excellent light-blocking properties, safeguarding the medications from harmful UV rays. This protection helps to maintain the potency and stability of light-sensitive drugs, ensuring their effectiveness when consumed by patients.
- Overall, the pharmaceutical industry's increasing demand for glass packaging is driven by the need for product integrity, safety, and patient satisfaction. The unique properties of glass, including its inertness, light-blocking capabilities, and recyclability, position it as a preferred choice for pharmaceutical packaging, ensuring the protection and efficacy of medications.
Growing Consumption of Packaged Food Will Benefit Glass Packaging Market Growth
- As lifestyles become busier, consumers increasingly rely on packaged food products for convenience. Packaged food offers ready-to-eat or easy-to-prepare options that save time and effort. Glass packaging is well-suited for preserving and packaging a wide range of food products, including sauces, condiments, beverages, and more.
- Glass packaging helps in preserving the quality and freshness of packaged food. Glass containers provide an excellent barrier against oxygen and moisture, preventing spoilage and maintaining the taste, aroma, and nutritional value of the food. The transparency of glass also allows consumers to visually inspect the product before purchase, enhancing trust and ensuring food safety.
- With growing environmental awareness, consumers are increasingly seeking sustainable packaging options. Glass packaging is considered environmentally friendly as it is 100% recyclable and can be recycled indefinitely without loss of quality.
- As the consumption of packaged food continues to grow, the glass packaging market can leverage these opportunities to expand its presence. By providing reliable, visually appealing, and sustainable packaging solutions, glass packaging manufacturers can meet the evolving needs of the packaged food industry and cater to the preferences of consumers.
Segmentation Analysis of The Glass Packaging Market
Glass Packaging market segments cover the Glass Type, By Product, and End-users. By Glass Type, the Borosilicate-Based segment is Anticipated to Dominate the Market Over the Forecast period.
- The dominance of the borosilicate-based glass segment in the glass packaging market over the forecast period can be attributed to several factors.
- Borosilicate glass has excellent thermal resistance properties, making it highly resistant to thermal shock. It can withstand high temperatures without cracking or shattering, which makes it suitable for applications that involve extreme temperature changes.
- Borosilicate glass is chemically inert and resistant to corrosion from acids, alkalis, and other chemicals. Borosilicate glass is microwave and freezer-safe, allowing consumers to conveniently heat or freeze the packaged products without worrying about the glass breaking or leaching harmful substances.
- Due to its superior thermal resistance, chemical inertness, strength, and aesthetic appeal, borosilicate-based glass is expected to dominate the glass packaging market over the forecast period. Its properties make it well-suited for a wide range of applications, including food, beverages, pharmaceuticals, and chemicals, driving its adoption and market dominance.
Regional Analysis of the Glass Packaging Market
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.
- The Asia Pacific region has a significant population, including densely populated countries like China and India. The rising population, coupled with increasing urbanization and changing consumer lifestyles, is driving the demand for packaged products, including food, beverages, pharmaceuticals, and personal care items. countries in the Asia Pacific region, such as China, India, and Southeast Asian nations, are experiencing rapid economic growth.
- There is a growing awareness and concern about environmental sustainability in the Asia Pacific region. Consumers are increasingly seeking packaging solutions that are eco-friendly and recyclable.
- The Asia Pacific region has a strong and growing food and beverage industry. Rising disposable incomes, urbanization, and changing dietary habits have led to increased consumption of packaged food and beverages.
- Considering these factors, the Asia Pacific region is expected to dominate the glass packaging market over the forecast period. The region's growing population, rapid economic growth, increasing consumption of packaged products, and emphasis on sustainability contribute to its leadership in the market.
Covid-19 Impact Analysis on Glass Packaging Market
- The COVID-19 pandemic has had both positive and negative impacts on the glass packaging market. The pandemic led to a surge in the demand for essential products such as food, beverages, and pharmaceuticals. As consumers stocked up on these items, there was an increased need for packaging, including glass containers.
- With the increased emphasis on hygiene and safety during the pandemic, there was a shift towards individual packaging rather than bulk packaging. This trend benefited the glass packaging market as glass containers are commonly used for individual packaging, particularly for beverages, sauces, and personal care products.
- The glass packaging industry, like many others, faced disruptions in the supply chain during the pandemic. Restrictions on transportation, temporary closures of manufacturing facilities, and limitations on workforce availability affected the production and distribution of glass packaging. These disruptions led to delays and increased costs.
Top Key Players Covered in The Glass Packaging Market
- Ardagh Group (Ireland)
- Owens-Illinois Inc. (US)
- Verallia (France)
- Vetropack Group (Switzerland)
- Vidrala (Spain)
- Piramal Glass (India)
- Ba Glass (Portugal)
- Wiegand-GLAS (Germany)
- Gerresheimer AG (Germany)
- Şişecam Group (Turkey)
- Frigoglass (Greece)
- Consol Glass (South Africa)
- Vitro (US)
- Agi Glasspac (Australia)
- Nihon Yamamura Glass (Japan)
- Toyo Glass Co. Ltd. (Japan)
- Verescence (France)
- KOA Glass Co. Ltd (Japan)
- Zignago Vetro S.P.A. (Italy)
- Bormioli Rocco Group (Italy), and Other Major Players.
Key Industry Developments in the Glass Packaging Market
In May 2023, a business of Ardagh Group announced a supply agreement with SprecherBrewing Company to continue to manufacture all of their glass beer and beverage bottles, including their recently redesigned custom 16oz glass bottle.
In May 2023, Verallia France, Europe’s leading producer, and a subsidiary of the world’s third-largest producer of glass packaging for food and beverage products supports the Rémy Cointreau group in its goal of reducing its environmental impact. Both companies have made a joint commitment to using lighter bottles and more recycled glass.
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Global Glass Packaging Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 52600 Mn. |
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Forecast Period 2023-30 CAGR: |
6.40% |
Market Size in 2030: |
USD 86300 Mn. |
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Segments Covered: |
By Glass Type |
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|
By Product |
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|
By End-User |
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By Region |
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Frequently Asked Questions
What would be the forecast period in the Glass Packaging Market research report?
The forecast period in the Glass Packaging Market research report is 2023-2030.
Who are the key players in Glass Packaging Market?
Ardagh Group (Ireland), Owens-Illinois Inc. (US), Verallia (France), Vetropack Group (Switzerland), Vidrala (Spain), Piramal Glass (India), Ba Glass (Portugal), Wiegand-GLAS (Germany), Gerresheimer AG (Germany), Şişecam Group (Turkey), Frigoglass (Greece), Consol Glass (South Africa), Vitro (US), Agi Glasspac (Australia), Nihon Yamamura Glass (Japan), Toyo Glass Co. Ltd. (Japan), Verescence (France), KOA Glass Co. Ltd (Japan), Zignago Vetro S.P.A. (Italy), Bormioli Rocco Group (Italy), and Other Major Players.
What are the segments of the Glass Packaging Market?
The Glass Packaging Market is segmented into Glass Type, Product, End-User, region. By Glass Type, the market is categorized into Borosilicate-Based and Soda-Lime-Silica-Based. By Product, the market is categorized into Bottles, Jars & Contain, Ampoules, Vials, Others. By End-User, the market is categorized into Food, Beverage (Alcoholic & Non- Alcoholic), Pharmaceuticals, Personal Care & Cosmetics, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia Pacific (China; India; Japan; South Korea; Malaysia; Thailand; Vietnam; The Philippines; Australia; New-Zealand; Rest of APAC), Middle East & Africa (Turkey; Bahrain; Kuwait; Saudi Arabia; Qatar; UAE; Israel; South Africa), South America (Brazil; Argentina; Rest of SA)
What is the Glass Packaging Market?
The glass packaging market refers to the production, distribution, and use of glass containers for packaging various products such as beverages, food, pharmaceuticals, cosmetics, and more. Glass packaging offers several advantages, including its inert nature, impermeability to gases and liquids, recyclability, and aesthetic appeal.
How big is the Glass Packaging Market?
The Global Glass Packaging Market size was reasonably estimated to be approximately USD 52600 Million in 2023 and is poised to generate revenue over USD 86300 Million by the end of 2030, projecting a CAGR of around 6.40% from 2023 to 2030.
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Base Year:2022
Historical Data:2016-2022
No of Pages:300
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