PUBLISHER: Market Research Future | PRODUCT CODE: 1549985
PUBLISHER: Market Research Future | PRODUCT CODE: 1549985
Global Glass Forming Machines Market Research Report Information by Type (Press Lines, Spinning Lines, Blow Blow Lines, Press Blow Lines, Tubing Lines, Flat Glass Lines, And Others), by Application (Tableware and Kitchenware (Glass plates, Bowls, Cups, Glasses, Pitchers, Decanters, Jugs, and Others), Technical Glass (Optical glass, Laboratory glassware (beakers, test tubes, flasks), Fiberglass products, Insulators, Vials, Glass Bricks, Solar panels, Automotive glass (windshields, windows), Electronics glass components (touchscreens, displays), and Others), and Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) -Forecast Till 2032
In 2023, the Glass Forming Machines Market Size was estimated to be USD 2,370.0 million. In 2024, the Global Glass Forming Machines industry is anticipated to expand from USD 2,452.2 Million to USD 3,257.9 Million by 2032, with a compound annual growth rate (CAGR) of 3.61% within the forecast period.
The Glass Forming Machines Market is being driven by the increasing demand for glass packaging, technological advancements and automation, and sustainable glass manufacturing and the integration of 3D printing.
There are numerous factors that have contributed to the consistent increase in demand for glass packaging. The construction industry is a significant consumer of glass, particularly for architectural applications such as windows, doorways, and facades. The demand for glass forming machines is being driven by the growth in residential and commercial construction, particularly in developing economies. The environmental impact of packaging materials is becoming a more prominent concern for consumers. Glass is perceived as an environmentally beneficial alternative to plastic or metal due to its 100% recyclable and inert nature. The demand for glass packaging is being driven by a transition toward packaging materials that have a minimal environmental footprint, as sustainability concerns continue to expand globally. Rapid urbanization and infrastructure development are being observed in developing economies such as China and India. Consequently, the demand for glass and glass forming devices is high as a result of the recent increase in construction activities. The market expansion is further bolstered by government initiatives that advocate for energy-efficient buildings in these regions. Glass provides distinctive benefits for maintaining the purity and freshness of food and beverages. It is impermeable to moisture and pollutants, thereby guaranteeing that the contents are uncontaminated and maintain their nutritional value and flavor for extended periods. Glass packaging is particularly well-suited for products such as wines, liquor, sauces, and preserves given this.
Market segment insights
Global Glass Forming Machines are classified into press lines, spinning lines, blast blow lines, press blow lines, tubing lines, flat glass lines, and others, based on their type.
Tableware and kitchenware, technical glass, and other items comprise the application segment of the Glass Forming Machines Market size.
Regional Perspectives
In 2023, the Asia Pacific Glass Forming Machines Market held the largest market share and is anticipated to experience a substantial CAGR growth during the research period. The Glass Forming Machines market in the Asia-Pacific region is experiencing significant growth, significantly driven by the construction surge in China, India, and Southeast Asia. The demand for new residential and commercial buildings that incorporate a substantial quantity of glass for windows, facades, and interiors is being driven by the combination of increasing disposable income and urbanization. This highlights the importance of glass forming devices as a critical investment, as they are required for the production of high-volume, efficient glass.
Additionally, Europe is the second-largest region in the Glass Forming Machines Market. With a well-developed infrastructure and expertise, Europe has a long history of glass production. To preserve its competitiveness, this well-established sector necessitates continuous apparatus investments. A substantial portion of the global glass exports are held by the European Union (EU). The constant demand for sophisticated grinding machinery is fueled by the constant need for efficient production lines, which is a direct result of this strong export market.
Furthermore, the North American Glass Forming Machines Market has experienced substantial expansion in recent years. Increasing investments in the pharmaceutical, construction, and food and beverage sectors. The demand for glass forming machines is a direct result of the substantial volume of glass products that these industries necessitate. This has resulted in the creation of glass forming devices that can produce glass containers that are both stronger and more durable, despite their reduced weight.
OLIVOTTO GLASS TECHNOLOGIES S.P.A., IPROTEC GMBH, SHANGHAI SHUNZHANG AUTOMATION EQUIPMENT CO., LTD, FORMA GLAS GMBH, FOSHAN SENTAI INTELLIGENT EQUIPMENT, NANJING GUANPING MACHINERY CO., LTD, SHANGHAI AIJITIM GLASS MACHINERY TECHNOLOGY CO., LTD, BUCHER EMHART GLASS, BDF INDUSTRIES S.P.A., and HEYE INTERNATIONAL are among the major players in the market.