Glass Packaging Market

Glass Packaging Market Size (2023-2028)

Glass Packaging Market was estimated at USD 70.11 million in 2022 and is expected to reach USD 79.16 million by 2028, growing at a rate of 6.20 % CAGR.

Packaging is described as the shape of enclosing products and making products for long-distance transportation, distribution, storage, and transportation to customers. Glass is one of the most considered packaging materials for customers who are worried about their health and the environment. It is the most chosen packaging material for beverages and foods, and personal care goods. Apart from the other features, glass packaging provides a good look at the product. This is very transparent from the product differentiation in wine and spirit labels. Glass bottles can be made with thin or thick bases and can carry carved designs to show to design-conscious customers.

Also, their looks best carry the brand and product story to the consumers. These factors are estimated to contribute to the escalated adoption of glass packaging solutions in the coming years. Glass is a non-crystalline solid that is made out of natural raw materials like silica and alumina. Glass is the most generally employed packaging material in different businesses, like pharmaceutical, food, alcoholic beverage, medical, and personal care. Also, glass is water-resistant and non-porous; therefore, there is no interaction between the glass and the product packed inside it. Alcoholic beverage packaging is predicted to donate highly to the business expansion in the coming years. Glass is considered as chemical stationery as it does not react with pharmaceuticals, alcoholic beverages, food, and personal care products. This aids in keeping the texture and quality of the goods that, in turn, permits their adoption and contributes to the call for glass goods for packaging uses.

Drivers in the Glass Packaging Market:

Apart from the other features, glass packaging provides an excellent look at the product. This is very clear from the product differentiation in wine and spirit brands. Glass bottles can be made with thin or thick bases and can carry carved labels to show to design-conscious customers. Also, their looks give the brand and product story to the consumers. These factors are assumed to contribute to the escalated adoption of glass packaging solutions in the coming years. Glass is a non-crystalline solid, which is made from natural raw materials like silica, limestone, and alumina. It is the most generally employed packaging material in different businesses, like pharmaceutical, food, alcoholic beverage, medical, and personal care.

In addition, glass is water-resistant and non-porous; therefore, there is no interaction between the glass and the product packed inside it. Alcoholic beverage packaging is estimated to contribute highly to the market expansion in the coming years. Glass is chemically inert; hence, it does not react with food, pharmaceuticals, alcoholic beverages, and personal care products. This assists in maintaining the texture and quality of the products that, in turn, warrants their adoption and contributes to the call for glass products for packaging purposes.

A major change in lifestyle and rising health consciousness among customers are the factors driving the call for products like juices and drinks or functional drinks that indirectly increase the appeal of glass packaging. The broad application of glass packaging in pharmaceutical businesses on the basis of drug delivery without contamination and also its anti-corrosive property and high sterilization strength also make it suitable in the medical industry. The high call for alcoholic drinks that are mainly packed in glass bottles in different quantities is one of the critical factors responsible for driving the expansion of the global glass packaging market. 

Furthermore, the increasing population and high consumption of food and beverages, as also different FMCG products by the customers, are driving the glass packaging market worldwide. The major characteristics of glass packaging like zero chemical leaching, malleability, and non-reactive nature continue to operate its adoption. Furthermore, the benefits of recyclability and reuse of glass packaging suit best to the notion of utilizing packaging materials that are not only pleasant but also environment friendly. Glass packaging keeps products safe and preserves their freshness for a longer time. It is one of the most preferred materials for packaging alcoholic beverages, non-alcoholic beverages, liquid-based pharmacy products, and a range of other expired and non-expired products. Escalated efforts towards encouraging the adoption of environmentally sustainable products have also assisted in reviving glass packaging.

Opportunities in the Glass Packaging Market:

Rising the healthcare segment for pharmaceutical storage on account of sterility and reusability is estimated to boost market demand across the world. In addition to that, the rising employment of glass packaging in the food industry due to durability is determined to provide lucrative opportunities for new market players in the future years.

Challenges in the Glass Packaging Market:

The advancement of different substitutes like plastic with similar properties may pose a challenge to the growth of the global glass packaging market in the future.

GLASS PACKAGING MARKET REPORT COVERAGE:

Glass Packaging Market Segmentation:

Glass Packaging Market - By Product

• De-Alkalized Soda Lime

• Borosilicate

• Soda-lime

In these sectors, soda-lime will take over more than 60% of the revenue share until the end of the foreseen period. Soda-lime is price efficient and has great chemical stability. It provides extreme hardness and good workability. It is broadly popular for packaging glass containers like jars and bottles. The borosilicate sector accounted for more than a quarter of the glass packaging industry share in 2019, showcasing revenue of more than USD 10 billion. Borosilicate glass has excellent strength and offers good resistance to thermal shock. It exhibits good future trends due to its uses in the pharmaceutical business.

Glass Packaging Market - By Application

• Food & Beverages

• Alcoholic Beverages

• Beer

• Pharmaceutical

• Others

The alcoholic beverages sector will rise at a CAGR of more than 5.2% during the foreseen period. More calls for alcoholic beverages will boost the industry in future years. The pharmaceutical sector took over more than USD 4 billion in the year of 2020. The neutral feature and recyclability of glass packaging will boost its call in the pharmaceutical segment. Furthermore, financial aid from legislative bodies and supportive norms would promote the pharmaceutical sector, which is touted to boost the industry expansion in the future

 Glass Packaging Market - By Region

• North America Glass Packaging Market Industry includes the U.S., Canada.

• Europe Glass Packaging Market Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic, & Rest of Europe.

• Asia Pacific Glass Packaging Market Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, & the Rest of APAC.

• Latin America Glass Packaging Market Industry includes Brazil, Mexico, Argentina, Chile, & Rest of LATAM.

• Middle East & Africa Glass Packaging Market Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, & rest of MEA.

The Asia Pacific is predicted to be the biggest industry for glass packaging and will escalate in the future due to the escalating consumption of food and beverages and escalating the trend of consuming alcoholic drinks. The glass packaging business in the Asia Pacific region is mainly led by India and China on account of the availability of a large customer base in these nations. The expansion of the market in this region is credited to increasing calls for beverages and the increasing urban population. Worldwide, China is a key customer for glass packaging products in this area. Europe is assumed to develop quickly owing to technological advancements and high consumption of beer along with increasing industrialization mainly in France and Germany.

Furthermore, North America and the Middle East are deemed to develop at a constant speed due to increasing pharmaceutical industries in these areas. Furthermore, escalating disposable income, escalation in the gross domestic product, and huge population base in nations like India and China are likely to escalate customer spending on goods and commodities, hence driving the expansion of the APAC glass packaging market. Although the Western European glass packaging market has reached its maturity, the European glass packaging market continues to rise on account of the escalated call for glass packaging solutions in the economies of Eastern Europe

Glass Packaging Market key players 

1. Owens Illinois Inc.,

2. saint-Gobain,

3. Ardagh,

4. Gerresheimer,

5. Vetropack.

6. Amcor,

7. Nihon Yamamura,

8. Tamron Co., Ltd.,

9. Piramal Glass Limited