Glass Packaging Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Glass Packaging Market: By Product (Borosilicate, De-alkalized Soda Lime and Soda Lime), By Application (Alcoholic Beverage, Beer, Food and Beverage, Pharmaceuticals and Others) and Geography

 

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Report

Description

Global Glass Packaging Market was valued at USD 56.72 billion in 2020 and is anticipated to grow at USD 73.38 billion till 2027 recording a CAGR of 4.48% during the forecast period 2021-2027. Glass packaging adds to the product’s aesthetic appeal. The product differentiation in wine and spirit brands demonstrates this. To appeal to design-conscious consumers, glass bottles can be made with thin or thick bases and embossed labels. Additionally, their aesthetics effectively communicate the brand and product storey to customers. Glass packaging solutions are projected to become more popular in the future as a result of these characteristics. Glass is a non-crystalline substance made from natural ingredients such as silica, limestone, and alumina. Glass is the most widely used packaging material in a variety of industries, including pharmaceuticals, food, alcoholic beverages, medical, and personal care products. Furthermore, because glass is impermeable and non-porous, no interaction occurs between the glass and the product contained within it. The glass packaging market is divided by application and geography in the report. Rising demand for alcoholic beverages along with rapid increase in the beer industry, growing consumption of glass packaging in pharmaceuticals along with food & beverages sector, increasing consumer health awareness and growing technological innovation in terms of packaging are some key factors influencing the market growth. However, factors such as growing usage of substitute products and rising operational costs are hindering the market growth. Global glass packaging market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In April 2019: Owens Illinois acquired Nueva Fanal, which is located near Mexico City, and is a container glass manufacturing facility from Grupo Modelo.

 


Glass Packaging Market

MARKET SUMMARY
-
4.48%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 4.48%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Glass Packaging Market

  • The report on global glass packaging market gives historical, current, and future market sizes (US$ Bn) on the basis of product, application and region.
  • This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global glass packaging market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
  • Key stakeholders of the global glass packaging market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global glass packaging products.
Market Key Players
  • Piramal Glass Private Limited
  • Owens Illinois Inc.
  • Amcor Ltd.
  • Bemis Company Inc.
  • WestPack LLC
  • Sonoco Products Company
  • Uhlmann Group
  • Gerresheimer AG
  • Hindustan National Glass & Industries Ltd.
  • Ardagh Group
  • HEINZ-GLAS GmbH & Co. KGaA
Growth

Glass Packaging Market

Growing use of glass in the packaging industry is driving the glass industry globally. With glass having properties of reusability and being 100% recyclable, customers are becoming more and more conscious about safety and hygiene and increasingly making use of glass as containers. Glass is the most neutral and natural of packaging materials, with an almost zero rate of chemical interaction, ensuring product integrity, and preserving and presenting flavor exactly as intended. Consumers continue to rank glass bottles number one for taste 90 percent favor glass to best preserve the taste or flavor of the food and beverages.


Asia-Pacific Got Significant Share

Glass Packaging Market

Global glass packaging market report gives comprehensive outlook on glass packaging across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific accounted for larger revenue share in global glass packaging market with considerable CAGR. The growth in this region is due to accelerating use of glass in various end-use industries and rising trend of consuming alcoholic drinks. Also North America held significant market share during estimated period owing to rising pharmaceuticals industries and technical advancements along with high manufacturing base. In addition, Europe held steady growth during the period due to expansion of beer industry across France and Germany and high consumption of glass packaging.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Glass Packaging Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Piramal Glass Private Limited
  • Owens Illinois Inc.
  • Amcor Ltd.
  • Bemis Company Inc.
  • WestPack LLC
  • Sonoco Products Company
  • Uhlmann Group
  • Gerresheimer AG
  • Hindustan National Glass & Industries Ltd.
  • Ardagh Group
  • HEINZ-GLAS GmbH & Co. KGaA

Description

Global Glass Packaging Market was valued at USD 56.72 billion in 2020 and is anticipated to grow at USD 73.38 billion till 2027 recording a CAGR of 4.48% during the forecast period 2021-2027. Glass packaging adds to the product’s aesthetic appeal. The product differentiation in wine and spirit brands demonstrates this. To appeal to design-conscious consumers, glass bottles can be made with thin or thick bases and embossed labels. Additionally, their aesthetics effectively communicate the brand and product storey to customers. Glass packaging solutions are projected to become more popular in the future as a result of these characteristics. Glass is a non-crystalline substance made from natural ingredients such as silica, limestone, and alumina. Glass is the most widely used packaging material in a variety of industries, including pharmaceuticals, food, alcoholic beverages, medical, and personal care products. Furthermore, because glass is impermeable and non-porous, no interaction occurs between the glass and the product contained within it. The glass packaging market is divided by application and geography in the report. Rising demand for alcoholic beverages along with rapid increase in the beer industry, growing consumption of glass packaging in pharmaceuticals along with food & beverages sector, increasing consumer health awareness and growing technological innovation in terms of packaging are some key factors influencing the market growth. However, factors such as growing usage of substitute products and rising operational costs are hindering the market growth. Global glass packaging market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In April 2019: Owens Illinois acquired Nueva Fanal, which is located near Mexico City, and is a container glass manufacturing facility from Grupo Modelo.

 

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