The global glass packaging market size was USD 87.61 billion in 2017. The market growth is rebounding due to the growing consumer demand for glass as a result of its natural antimicrobial properties.
The raw materials required for the production of glass including soda ash, silica sand and limestone, are easily available. Glass is an inert product manufactured by melting these materials with metallic oxides, to obtain the desired color to the final product.
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The global glass industry is divided into four major categories including container glass, flat glass, fiber glass and specialty glass. Container glass is utilized in the glass packaging industry in the form of bowls, bottles and jars. Many glass containers are also utilized in other industries such as pharmaceutical, personal care, food, spirits and perfumes. Among different categories of glass being produced globally, container glass accounts for a major market revenue share of about 45%.
Glass continues to be viewed as a luxury item, especially within the personal care & cosmetic sector. Other than this fast-paced sector, glass is also used for packaging alcohol including spirits and beers. Alcohol beverages (excluding beer) accounted for 49.3% of the global glass packaging volume share in 2017, followed by beer.
The growing consumption of alcohol and beer is expected to drive the growth of the global glass packaging market over the next few years. The global beer production stood at 1.3 billion hectoliters in 1998 and increased to 1.95 billion hectoliters in 2017. Increasing beer consumption, especially among the youth of emerging economies, is expected to drive market growth. The growing demand for premium and craft beer is expected to drive the global market, consequently, augmenting the growth of the global glass packaging market.
Pharmaceutical is another application within the global glass packaging industry anticipated to witness significant gains over the forecast period, at a volume CAGR of 3.9% over the forecast period. The hydrolytic stability of glass makes it a viable option for storing pharmaceuticals as they do not react with the solution. The growth of the pharmaceutical industry is expected to provide an impetus to the growth of the global glass packaging market over the forecast period.
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The presence of substitute materials such as plastics and paper are expected to hamper the growth of the global glass packaging market. Plastics are a major threat to glass within the global packaging industry on account of their durability, flexibility and lightweight. However, plastic packaging requires an external addition of antimicrobial chemicals (during the production of containers) and there is a risk of chemicals (polymers as well as antimicrobials) leeching into the packed substance. As these packaging materials are used for containing foods, beverages and personal care products, which come in direct contact, mixing of chemicals with the product may have adverse effects on human health. Thus, consumers prefer glass packaging due to their aseptic properties.
Countries such as China, India, and Brazil have seen significant growth in the glass packaging industry on account of the exploding development of the FMCG sector. The anticipated growth of the sector in these countries driven by increasing disposable income of consumers coupled with their substantial growth and size of economies is expected to drive the global glass packaging market.
Asia Pacific was the largest market for glass packaging closely followed by Europe. Together, these regions accounted for 69.5% of the global glass packaging market volume share in 2017. Preference for glass over other materials among consumers in these regions is expected to augment the growth of the market.
Key players in this market include Consol Glass, Owens-Illinois Inc., Ardagh Packaging Group PLC, Piramal Glass, AGI Glaspac, Vidrala SA, Hindustan National Glass & Industries Ltd, Nampak Ltd, Amcor Ltd, Carib Glassworks Ltd, VITRO, Gerresheimer AG and Toyo Glass Co. Ltd. among others.
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Glass Packaging Market:WiseGuyReports.com adds “Global Glass Packaging Market Size, Status and Forecast 2020-2025” reports to its database.Executive SummaryThe Global Glass Packaging Market, valued at USD 50.25 Billion in the year 2019 has been witnessing unprecedented growth in the last few years on the back of increasing demand for safe and healthier packaging, increased consumption of alcoholic beverages, and rising environmental concerns.
Additionally, increasing demand of food and Beverage and Pharmaceutical Industry will drive the Glass Packaging market value in the near future.Among the Glass Type of the Glass Packaging market (Type-I, Type-II and type-III), Type-II has been gaining popularity globally and is expected to keep growing in the forecast period.
The increasing demand of Alcoholic beverages and food and beverages is expected to infuse market growth tremendously.However, the market for glass packaging will witness dramatic fall in the year 2020 because of the COVID-19 pandemic that has resulted in shutting down of production facilities, restrictions in the movement of finished products and economic slowdown.Scope of the Report• The report analyses the Glass Packaging market by Value.• The report analyses the Glass Packaging Market by Glass Type (Type-I, Type-II, Type-III).• The report analyses the Glass Packaging Market by End user (Alcoholic Beverages, Food and non- alcoholic beverages, Pharmaceutical, Others).• The Global Glass Packaging Market has been analysed By Region (Americas, Europe, Asia Pacific, and Rest of World) and By Country (United States, Mexico, Brazil, Canada, Germany, France, United Kingdom, China, Japan, India).• The attractiveness of the market has been presented by region, by Glass Type and By End user.
Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.• The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
The companies analysed in the report include Amcor ltd., Verallia, Ardagh group, Owens-Illinois, Bormioli Rocco, HNGIL, Heinz-glas, Piramal Glass, Vetropak and Vidrala.• The report analyses the impact of Covid-19 on glass packaging market.• The report presents the analysis of Glass Packaging market for the historical period of 2015-2019 and the forecast period of 2020-2025.Key Target Audience• Glass Manufacturers• Food and Beverage Companies• Consulting and Advisory Firms• Government and Policy Makers• Investment Banks and Equity Firms• Regulatory AuthoritiesTable of Contents1.
Global Glass Packaging Market: Regional Analysis8.
The global glass packaging market size is projected to reach USD 81 billion by the end of 2027.
The rising demand for glass material across the world will aid the growth of the market in the coming years.
List of top companies profiled in the glass packaging market are:Ardagh Group S.A. (Ireland)Anchor Glass Container Corporation (BA Glass B.V.) (U.S.)Verallia (U.S.)Owens-Illinois Inc. (U.S.)TOYO GLASS CO.,LTD.
(Japan)Heinz Glas GmbH (Germany)Vetropack Group (Switzerland)AGI Glasspack Ltd. (India)Yantai NBC Glass Packaging Co., Ltd. (China)Yantai Changyu Glass Co., Ltd. (China)The rising demand for glass and glass material is consequential to the lesser environmental effects it has.
The exceptional properties of this material including rigidity and durability will contribute to the growing demand.
The adverse effects of plastic and the strict regulations imposed by governments of several countries towards the use of plastic will lead to a huge adoption of glass as alternative solution to plastics.
