Regardless of a company’s size or income, the most recent research study offers an exhaustive analysis of the Glass Packaging market for 2023–2032. This survey study discusses the key market trends and the industry’s outlook for the forecast years.
Global Glass Packaging Market presents a variety of new trends that have a significant impact on market growth dynamics as well as the most recent industry knowledge. According to the most recent projection, global growth will reach its lowest point this year at 2.8% before edging up to 3.0% in 2024. Although more slowly than expected, the rate of global inflation will drop from 8.7% in 2022 to 7.0% this year and 4.9% by 2024. Notably, growth rates for emerging markets and developing economies have increased significantly in many cases, from 2.8 percent in 2022 to 4.5% this year.
The global glass packaging market size was US$ 61.3 billion in 2021. The global glass packaging market is forecast to grow to US$ 86.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2030.
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Glass is considered good for packaging purposes, especially for consumers who are concerned about their health. It protects the food from environmental changes and preserves its taste, nutrition, and flavour. Glass packaging is made from all-natural, eco-sustainable raw materials.
COVID-19 Impact Analysis
The COVID-19 pandemic affected various sectors. However, the glass packaging industry recorded potential growth. End-use sectors of glass packaging, such as medical, food, and beverage, saw a significant increase in revenue. As a result, it also boosted the growth of the glass packaging market. The demand for medicine bottles, food jars, bottles, etc., increased to preserve the food from contamination and virus risk. Moreover, the long-term benefits of glass packaging, including its reusability, are forecast to drive the market forward during the study period.
Regional Analysis
The Asia-Pacific glass packaging market is forecast to record significant growth due to the rapidly growing population of the region. Apart from that, glass bottles are widely used in alcohol packaging. The rising consumption of alcohol will fuel the growth of this regional market. Apart from that, the rising medical sector and the growing food and beverage industry will trigger the demand for glass packaging. China is forecast to be the largest pharmaceutical market in the world. The use of glass bottles to pack liquid medications and prevent them from contamination will drive the market forward.
Factors Influencing the Market:
The global glass packaging market will be driven by factors like increasing demand for safe and healthier products; a rising number of innovative technologies for embossing and shaping; and growing demand for eco-friendly products. Apart from that, the rapidly growing food and beverage sector will offer ample growth opportunities for the glass packaging market during the study period.
The growing awareness about the benefits of glass packaging, such as it is recyclable and prevents the product from contaminations. Moreover, it also protects the product from environmental changes, which makes it suitable for a variety of products, such as medication, alcohol, etc. Thus, it will fuel the growth of the glass packaging market during the study period.
Growing number of launches in the medical, food & beverage industry will accelerate the market growth. For instance, AB InBev unveiled the lightest beer bottle in 2022, mainly for commercial production.
Competitors in the Market
• Ardagh Group S.A.
• Couronne Co., Inc.
• Nihon Yamamura Glass Co. Ltd.
• Koa Glass Co., Ltd.
• PGP Glass Private Limited
• Amcor Ltd
• Gerresheimer
• Hindustan National Glass & Industries Ltd
• Owens Illinois Inc
• Piramal Glass Limited
• Saint-Gobain
• Heinz-Glas
• Wiegand-Glas
• Vidrala SA
• Vitro Packaging
• Bormioli Rocco Spa
• AB InBev
• Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Glass Packaging industry experienced notable growth in its workforce. Starting in January, employment within the Glass Packaging sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Glass Packaging output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Glass Packaging output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Glass Packaging market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Glass Packaging market.
Market Segmentation
By End-Use Industries Outlook
• Food
• Beverage
• Personal Care
• Healthcare
• Household care
• Others
By Product Type Outlook
• Sand
• Sodium Carbonate (Soda Ash)
• Calcium Carbonate (Limestone)
• Cullet
By Composition Outlook
• Iron Pyrite
• Iron Oxide
• Cobalt Oxide
• Selenium
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America
Table of Contents:
Chapter 1: Introduction to the Global Glass Packaging Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Glass Packaging Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Glass Packaging Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Glass Packaging Market Size (2023-2032)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Glass Packaging market revenues, extending projections until 2032. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Glass Packaging market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Glass Packaging business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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