Glass Packaging – Insights.
Packaging is a technology that involves enclosing and protecting various types of products for storage, distribution, sale and use. The increasing demand for healthy, safe, convenience food & beverages and major growth of alcoholic beverages and beer industry in the recent past, especially in Asia Pacific, Europe and North America has been rapidly driving growth of the global glass packaging market. Glass packaging products can keep consumables safe and healthy for prolonged periods of time, as glass is largely non-reactive with most products. Also, it inhibits chemical interaction between the liquid and body. Glass products can be 100% recycled and reused. Also, 80% of recycled glass can be made into new glass products as well. Glass packaging is widely used for the packaging of beverages (alcoholic and non-alcoholic) and pharmaceutical products. There are four types of glass used in glass packaging, namely, Type I glass, Type II glass, Type III glass, and Type IV glass. The type I and Type III glass packaging are mostly preferred by end users. The type I glass products are produced from borosilicate and are largely used by pharmaceutical and chemical companies, as they have the ability to keep chemicals safe. The type III glass are made from untreated commercial soda lime glass, and are highly preferred by the food and alcoholic beverages end-users. This is due to their ability to keep the consumables safe and healthy for huge period of time. The increasing consumption of alcoholic beverages and beer are making the type III glass products as the dominant product type segment, accounting over 83% in terms of value, in the global glass packaging market.
On the basis of product type, the global glass packaging is segmented into bottles, vials, jars, and others. Bottles was the largest product type segment in the global glass packaging market in 2016 and is expected to retain its dominance throughout the forecast period. The glass bottles are widely used by alcoholic beverages (except beer), beer and soft beverages end users. The glass bottles have the ability to keep the consumables fresh, safe and healthy for a longer period of time. The plastic bottles are unable to keep consumables safe for a longer period of time and also there is a lot of chemical interaction, which in turn is encouraging alcoholic beverages & beer manufacturers to opt for glass bottles for packaging. Moreover in food & soft beverages industry, glass provides the highest level of protection and the quality and freshness of food is maintained. Also, in pharmaceuticals industries as well, the product protection and safety are of the utmost importance. Owing to this, the inert material, namely, glass is the most ideal packaging option for the pharmaceutical industry, as glass packaging safeguards contents from oxygen ingress and cross-contamination, hence providing the superior protection.
The global glass packaging market was valued at US$ 53,616.38 million and 72,030.27 kilo tons in 2016 and is expected to expand at a CAGR of 4.9% in terms of revenue and 4.8% in terms of volume during 2017 – 2025.
Figure 1. Global Glass Packaging Market, By End-Use Industry
Alcoholic Beverages (except Beer) is the largest end-use industry, followed by Beer for glass packaging market
Alcoholic end-use industry segment is expected to be the dominant industry, followed by beer in the global glass packaging market over the forecast period and are also expected to witness fastest growth over the following decade. The rapid increase in alcohol consumption, especially in the Asia-Pacific and Europe regions is the major driving force for the growth in glass packaging market. Also, the growing population coupling with high standard of living are the also the key factors driving alcohol consumption around the world. The glass bottles are mostly preferred by beer and wine manufacturers, thus, the increasing beer consumption in China, India, and other developing economies are adding up to the significant growth in global glass packaging market. Furthermore, the ability of glass materials to occur in different attractive shapes are propelling wine manufactures to use the glass bottles for packaging. Hence, the rise in wine market in Europe and Asia-pacific region is coupling the growth of glass packaging market globally.
Asia-Pacific, followed by Europe, and North America, respectively accounted for major share in the global glass packaging market both in terms of revenue and volume in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Asia-pacific held a market share of 38.5% in terms of value in the global glass packaging market. The rising population, increasing beer consumption in China, India, and ASEAN countries, and rise in the standard of living are the major factors fueling the growth of glass packaging market in Asia-Pacific. In Europe, the alcoholic beverages and beer consumption is increasing at a huge pace, especially in France, Italy and Germany. Also, there is a huge demand of attractive shape glass bottles by wine and spirit manufacturing companies in Europe, which in turn is allowing glass packaging market to grow at a significant pace over the following years.
Major players in the global glass packaging market include Saint-Gobain S.A, Amcor, Bormioli Rocco, Ardagh Group, China Glass Holdings, Gerresheimer AG, Hindusthan National Glass & Industries, Heinz-Glass, Koa Glass, Orora Packaging Australia, Nihon Yamamura Glass, Owens-Illinois Inc., Piramal Glass and Consol Glass.
Glass is widely preferred and used as a packaging material globally. Glass is made from all-natural sustainable raw materials and are widely used as a packaging material by end-users concerned about their health and the environment. Consumers prefer glass packaging for preserving a product’s taste or flavor and maintaining the integrity or healthiness of foods and beverages due to its nonporous & impermeable nature, and also it has zero rate of chemical interactions. Glass is the only widely-used packaging material considered “GRAS” or generally recognized as “SAFE” by the U.S. Food and Drug Administration. It is also 100% recyclable and can be reused endlessly with no loss in quality or purity. Also, the 80% of the glass that is recovered can be made into new glass products as well. Glass is made from sustainable raw materials such as silica, limestone, soda, and others. These type of raw materials are used to manufacture different types of glass, namely, type I glass, type II glass, type III glass, and type IV glass. Type I glass products are majorly made from borosilicate, which has high resistant composition and releases the least amount of alkali. It is commonly used for pharmaceutical or fine chemical products that are sensitive to PH changes. Type III glass products are made from untreated commercial soda lime glass and has low chemical resistance as compared to type I glass. These type III glass products are widely used in food, beverages, and some common chemicals applications. Type II and type IV glass products are made from treated soda lime glass and are rarely used as a packaging material.
The glass products are widely used to consume alcoholic beverages (except beer), beer, and food items & soft beverages. According to Coherent Market Insights, the alcoholic beverages (except beer) is the largest end-use industry segment, and has accounted over 45% of the global packaging market. The demand for alcoholic beverages are increasing rapidly. The beer consumption in Europe, and Asia-Pacific region is growing at a rapid pace. The glass bottles are largely consumed by the alcoholic beverages and beer manufacturers. Glass is the most preferred material used by spirit producers and consumers in Europe and across the globe, and are widely used to fill with world-famous whiskies, vodkas, gins, cocktails and liqueurs. The glass packaging materials are used by many international brands, including Absolut, Glenfiddich, Jameson and Smirnoff. For wine producers, the glass is the only preferred packaging material as it allows the manufacturers to give it an attractive shape, which is also the key driver for making glass packaging growing at a significant pace. The beer consumption around the world is increasing at a huge rapid pace, due to the increasing population in Asia-Pacific region, and the growing technological advancements in France and Germany coupled with increasing consumption of beer in Europe is making glass packaging market to grow at a huge pace in the following years. The glass products are now widely used in pharmaceutical industries as well. The increasing consumption of glass bottles and vials for storing syrups, and medicines is increasing at a very rapid rate in Europe, and North America. This in turn is coupling the growth of glass packaging market in the following years.
Asia Pacific and Europe are the most dominant regions in the global glass packaging market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for glass packaging in various end-use industries such as alcoholic beverages (except beer), beer, food & soft beverages, and pharmaceuticals due to low production cost, ability to keep the beverages safe & healthy and coupled with the increasing demand of attractive shape bottles by the spirit and wine manufacturers are the major growth drivers of glass packaging in Asia-Pacific and Europe over the following years. Moreover, North America market is expected to experience a steady growth due to the decreasing rate of beer consumption in the region, during the forecast period. Owing to this, the alcoholic beverages (except beer) is maintaining pace in the region. According to Coherent Market Insights, the consumption pattern of liquors in North America is shifting to alcoholic beverages (except beer) and is projected to be the fastest growing end-use industry in North America over the following years. Also, the pharmaceutical industry in North America and Europe is now preferring glass packaging due to its no chemical interaction with the liquids, and hence is adding up to the significant growth of glass packaging market globally.
This report segments the global glass packaging market on the basis of glass types, product types and end-use industry. On the basis of glass types, the global glass packaging market is segmented as Type I glass, Type II glass, Type III glass, and Type IV glass. On the basis of product types, the global glass packaging market is segmented as Bottles, Vials, Jars, and Others. On the basis of end-use industry, the global glass packaging market is segmented into Alcoholic Beverages (except Beer), Food Items & Soft Beverages, Beer, Pharmaceutical, and Others. Moreover, bottles is the largest product segment, accounting for over 70% share of the global glass packaging market in 2016, while, alcoholic beverages (except beer) is estimated to be the largest end-use industry and expected to grow at a CAGR of 5.3% in terms of value during the forecasted period.
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“*” marked represents similar segmentation in other categories in the respective section.
Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.
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