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  • Published On : Aug 2022
  • Code : CMI407
  • Pages :120
  • Formats :
      Excel and PDF
  • Industry : Packaging

Glass is considered as an ideal material for packaging of products as it reduces the risk of contamination and also protects the product from any damage. Glass is derived from natural products such as limestone, sand, and soda ash. Moreover, glass packaging provide long-term preservation of food products. It is eco-friendly as it can be recycled easily and has a zero rate of chemical interaction which makes it ideal packaging materials. Glass is highly popular for packaging of alcoholic and non-alcoholic drinks, since it conserve the taste and aroma of the beverage and also increase the shelf-life of the food products.

Global glass packaging market was valued at US$ 63.8 Billion in 2021 in terms of revenue, exhibiting a CAGR of 3.7% during the forecast period (2022 to 2030).

Drivers

Growing demand for glass packaging from cosmetic & personal care industry for packaging of cosmetic products is expected to accelerate the market growth. Glass packaging is used to package the perfumes, nail polishes, face creams, lotions, etc. Glass material preserve the cosmetic products by preventing the penetration of air &moisture and increase the shelf-life of the product. Thus, the growth of the glass packaging market is also attributed to the rapid growth of the cosmetic industry.

Increasing demand for glass packaging from the pharmaceutical industry where it is available in the form of oral vials and bottles for packaging of medicine is expected to bolster the market growth of the glass packaging. It offers chemical resistance to the medicine and prevent contamination. Therefore, growth in the pharmaceutical industry due to increasing production of medicines is projected to accelerate the market growth of glass packaging. 

Among region, Asia Pacific held a dominant position in market in 2021, and is expected to maintain its dominance throughout the forecast period. The increasing consumption of alcoholic beverages is driving market growth in the Asia Pacific region. The beer packaging industry in the Asia Pacific region is mainly driven by changing cultural trends, growing populations, urbanization, and the growing popularity of beer among the younger lot. For instance, according to a report by an international organization called movendi in june 2019, between 1990 to 2017, the number of alcohol consumption is increased by 0.59 million to 0.69 million and it is expected to reach 0.79 million by the end of the year 2030. This changing trends are expected to continue in this region, which in turn can stimulate the glass bottles and containers market.

Glass Packaging Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: USD 63.8 Bn
Historical Data for: 2017 to 2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 3.7% Forecast Period: 2022 to 2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:
  • By Application: Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals, Others
Companies covered:

Amcor Ltd, Ardagh Group, Gerresheimer, Hindustan National Glass & Industries Ltd, Koa Glass Co. Ltd., Owens Illinois Inc, Piramal Glass Limited, Saint-Gobain, Heinz-Glas, Wiegand-Glas, Vidrala SA, Vitro Packaging and Nihon Yamamura

Growth Drivers:
  • Growing demand for glass packaging from cosmetic & personal care industry
  • Rising demand for glass packaging in the pharmaceutical industry
Restraints & Challenges:
  • Rising preferences for the plastic product as a packaging material

Figure 1. Global Glass Packaging Market Value Share (%), By Region, 2021

GLASS PACKAGING MARKET

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Market Restraints

Rising preferences for the plastic product as a packaging material is projected to restrict the market growth of the glass materials. Moreover, plastic is also preferred among manufacturers due to its lightweight and flexibility properties. Thus, the growing popularity of plastic as a packaging material will negatively impact market growth to some extent.

Market Trends

The growing popularity of borosilicate due to its advantage such as high strength and offer excellent resistance to thermal shock is expected to propel the market growth of glass packaging. Growing demand for food &beverage industry is another major factor expected to augment the market growth. Growing initiatives by the government to promote the use of the eco-friendly product is further expected to foster the market growth of glass packaging.

Figure 2. Global Glass Packaging Market Value Share (%), By Application, 2021

GLASS PACKAGING MARKET

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On the basis of application, the alcoholic beverages segment held highest market share of global glass packaging market in 2021. It is expected to be the largest and the fastest growing segment throughout the forecast period. The increasing availability of bottles of various sizes in the retail market and innovation in design & chemical composition that results in reduced weight of glass bottles are some of the major factors expected to further boost the demand for glass packaging of alcoholic beverages during the forecast period.

Frequently Asked Questions

Global glass packaging market was valued at around US$ 63.8 Billion in 2021.

Growing demand for glass packaging from cosmetic & personal care industry is mainly driving the market growth.

The growing popularity of borosilicate due to its advantage such as high strength and offer excellent resistance to thermal shock is expected to propel the market growth of glass packaging.

Rising preferences for the plastic product as a packaging material owing to its lightweight and flexibility properties is restraining the market for glass packaging.

Major players operating in the market include Amcor Ltd, Ardagh Group, Gerresheimer, Hindustan National Glass & Industries Ltd, Koa Glass Co. Ltd., Owens Illinois Inc, Piramal Glass Limited, Saint-Gobain, Heinz-Glas, Wiegand-Glas, Vidrala SA, Vitro Packaging and Nihon Yamamura

The market is estimated to grow at around 3.7% CAGR in the forecast period (2022-2030).

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