PUBLISHER: Market Research Future | PRODUCT CODE: 1525924
PUBLISHER: Market Research Future | PRODUCT CODE: 1525924
Global Glass Container Market Research Report Information by product type (glass bottle, glass jar, glass vials, candle glass container), by end-user (cosmetic & perfume, pharmaceutical, food packaging, beverage packaging, others), and by region, - Forecast Till 2030
According to projections, the glass container industry would expand at a compound annual growth rate (CAGR) of 6.6% from USD 71,802.7 million in 2024 to USD 1,19,728.7 million by 2032. The market is growing steadily due to the expansion of the food and beverage industry, rising consumer demand for eco-friendly packaging materials, and the ongoing rise of the glass container market. Glass containers can be advantageous in that they can preserve product purity, sustain product quality, and have a visually appealing look. In the food and beverage industry, glass containers are widely utilized for the packaging of alcoholic beverages, soft drinks, juices, sauces, and preserves. Glass containers are also frequently used to package medications, skincare products, perfumes, and cosmetics in the pharmaceutical and cosmetic sectors. Geographically, the market is split up into a number of regions, including Asia-Pacific, Europe, North America, and the rest of the world. North America is home to markets for glass containers. Europe is a well-established market driven by the desire for upscale alcoholic drinks and an emphasis on eco-friendly packaging. Asia-Pacific is rapidly developing because of growing disposable incomes and rising use of packaged food and beverages.
The global glass container industry is growing rapidly as a result of consumers' growing desire for environmentally friendly packaging alternatives. In today's environmentally conscious society, there is a growing emphasis on reducing the environmental impact of many industries, including packaging.
Insights on Market Segments
The glass bottle, glass jar, glass vial, and candle glass container segments of the global glass container market are divided based on product type.
The global glass container market is divided into categories such as food packaging, beverage packaging, pharmaceutical, cosmetic and perfume, and others based on the format of the packaging.
Geographical Evaluation
With a market share of 40.97% in 2022, the Asia-Pacific glass container market held the greatest share and is predicted to rise at a substantial 4.4% CAGR throughout the study period. Glass containers are widely utilized for a variety of packaging needs in the Asia Pacific region. In the food and beverage industry, sauces, condiments, drinks, and alcoholic beverages are packaged in glass bottles and jars. Glass's inertness ensures that the foods' taste and quality are maintained, while its transparency allows buyers to observe the contents.
Glass containers are widely used in numerous North American businesses because of its versatility, toughness, and aesthetic appeal. Glassware is widely used to package food and beverages in North America. It is customary to package sauces, dressings, condiments, jams, jellies, and pickled items in glass jars and bottles. Glass beverage bottles are used for wine, beer, spirits, carbonated drinks, and several types of non-alcoholic drinks. Glass's transparency allows consumers to see the products within, which enhances the packaging's dependability and visual attractiveness.
Principal Players
Amcor Limited, Owens-Illinois Inc., Central Glass Co., Ltd., BA Vidro, S.A., VIDRALA, Ardagh Group S.A., Hindusthan National Glass & Industries Limited, Vitro S.A.B de C.V., Consol Glass (Pty) Ltd., and Frigoglass are some of the major players in the glass container market.