Glass Container Market Size, Analysis, Share & Forecast 2031

Report Description

The global glass container market size was valued at USD 67.23 billion in 2021 and is expected to surpass USD 95.14 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.5% during the forecast period, 2022–2030. The market growth is attributed to the increasing demand for glass containers and bottles in food & beverage and pharmaceuticals industry in developing countries.

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COVID-19 Impact

The market report finds that the COVID-19 pandemic had affected the global glass container market. Due to the pandemic, all the business industries were adversely impacted and had major setback. All the major end-users of glass container market such as food & beverages, chemicals and cosmetics and personal care had negative impact of COVID-19. Due to sudden disruption of supply chain and lack of raw materials hindered the global glass container market which ultimately leads to the reduce in demand for glass containers. However, temporary shutdown of production factories forced manufacturers to delay or reschedule their production of glass container. Nonetheless, one of the end-users of glass container is pharmaceutical industry, which did not have worst impact due to increase in demand for pharmaceutical industry during the pandemic. Food & beverages industry is anticipated to rebound from COVID-19 induced lows in 2020, and to rise moderately over the forecast period.

Glass containers are widely used for storage and packaging purposes. Glass is a reusable and highly recyclable packaging material. Recyclable glass helps to decreases the carbon emission and saves many natural resources. It is 100% recyclable, and it can be reused endlessly with no loss in purity and quantity. Glass is the only widely used packaging material which is approved by the U.S Food and Drug Administration as “GRAS” or “generally recognized as safe”. Glass container market is segmented into glass type, product type, forming method, end-users, and regions. It is extensively used for pharmaceuticals, home décor, beverages, fragrance and for cosmetic perfumery glass bottle packaging. Glass provides premium packaging, and it keeps the packaged content safe. It is widely used in pharmaceuticals industry for vials and ampoules. Glass container is used to enhance home aesthetic values such as vase, flasks and for other decorative purposes. Beverages manufacturers also use glass bottles for delivering and serving beer, carbonated soft drinks, juices, and others. Most of the food and beverages brands prefer glass containers for packaging purpose. Unlike plastic, glass containers are non-porous, impermeable, and chemically inert. Glass container market is expected to grow at significant rate owing to the 100 % recycle and reusable property of the glass.

Market Dynamics

The research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The glass container market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.

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Major Drivers:

Rising demand for packed food and beverages items

The rising demand for glass containers is due to rising demand for food & beverage items. Glass containers are widely and majorly used in food & beverages industry for packaging purposes. Glass containers are mostly used in beverages sector for alcohols and cold drinks. Growing rate of alcohol consumption in developing countries such as India and China can make a major boost for global glass container market. Glass containers are widely used for home décor purposes such as for storing purposes in kitchen and for decorative purposes for home, offices, and restaurants.

Increasing demand for eco-friendly recyclable packaging material

Growing use of eco-friendly recyclable packaging material can be a major factor for the boom in the global glass container market. Glass containers are eco-friendly and recyclable. These containers are widely used for food & beverages packaging. Recycled glass can be re-structured into different shapes for various packaging purposes.

Existing Restraints:

Increase in weight of glass containers compared to plastic or other packaging material

Glass containers are majorly used for packaging purposes. These containers are heavier than the other packaging materials such as plastic and others which ultimately leads to consumers shifting toward other less heavy materials for storage and packaging purposes. Unlike plastic containers, glass container is breakable which can be a major restraint for the global glass container market.

Emerging Opportunities:

Emergence of the lightweight glass containers enables cost saving

Manufacturers are producing new category for glass containers which is lightweight glass containers. Glass containers are widely used for packaging and storage purposes. These containers usually come heavy and that is one of the major restraints, but new emerging lightweight glass containers produce lucrative opportunities for global glass container market growth. These lightweight glass container enables production cost saving which helps to reduce the cost of transportation also.

Scope of the Report

The global glass container market research report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Soda-lime-silica-based segment to expand at a significant growth rate

Based on glass type, the global glass container market is bifurcated into the soda-lime-silica-based and borosilicate-based. The soda-lime-silica-based segment is expected to expand at a significant growth rate during the projected period due to increasing use glass containers for food and beverage market. The soda-lime-silica material is largely used to make food containers and bottles which are widely used for packaging and storage of food and beverages respectively. The soda-lime-silica-based segment is anticipated to hold a key share of the market in the coming years owing to rapid growth of e-commerce and increasing consumption of alcohol beverages around the globe.

On the other hand, borosilicate-based is another segment of glass type. Borosilicate-based segment is expected to grow at significant amount over the forecast period. It is used to make vials and ampoules for pharmaceuticals industry. Borosilicate is resistant to thermal shock therefore it is used for glass products such as beakers or boiling flask which are directly heated.

Bottles segment to register a considerable CAGR

Based on product type, the global glass container market is segregated into jars, vials & ampoules, bottles, and others. The bottle segment led the market and accounted the revenue share of 63.8% in 2021. The bottles segment is projected to register a considerable CAGR during the forecast period owing to the rapid growth of alcohol beverage consumption around the globe. In alcoholic beverages, glass bottles are used for beer such as craft beer, cider, wines, spirits, and other alcohol. On the other hand, in non-alcoholic segment, bottles are used for milk, carbonated soft drinks, juices, water, and others. Glass bottles are largely used for milk storage and delivery. Most of the milk manufacturers are using glass bottles for storage purposes due to impermeability of glass.

On the other hand, the vials & ampoules segment is anticipated to account for a major market share in the coming years due to rapid growth of pharmaceutical industry around the globe. In this market, glass containers are widely used to make vials & ampoules. A vial is small glass bottle or vessel which is used to store medications, laboratory samples, powders, or capsules. Ampoule is another product which is used in the pharmaceutical. Ampoule is a sealed vial which is used to contain chemicals that must be protected from contamination and air. Ampoules are used to transport or store samples or medicines.

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Press and Blow segment to grow at significant rate

Based on forming method, press and blow segment accounted largest revenue and expected to grow at CAGR of 7.1% in 2021. The press and blow formation method is mainly used to make glass bottles and jars. These jars are mainly used in food and beverage industry for storage purposes and glass bottles are extensively used in beverages industry. The press and blow method uses an individual section (IS) machine which is separated into varying sections to produce several containers of the same size simultaneously. The molted glass in cut with a shearing blade into a specific gob size. The glass bottle segment is likely to expand over the forecast period, due to rise in alcohol consumption in developing countries, which ultimately leads to rise in press and blow method to hold the major share of the market.

On the other hand, the blow and blow formation method to hold the major share of the market. This formation method is used to create narrow containers. This formation also requires individual section (IS) machine where gobs of molten glass are gravity fed into the mold. These narrow containers are used in pharmaceuticals industry and for home décor.

Food and beverage segment to grow at significant rate in the upcoming years

Based on end-user, the global glass container market is segregated into food and beverages, pharmaceuticals, cosmetics and personal care, chemicals, and others. Food and beverages market segment to grow at significant rate in the upcoming years due to rise in e-commerce and food delivery services around the globe. Glass containers are extensively used for packaging food and beverages industry. Due to non-porous, impermeability, and inert glass properties, premium food brands are preferring glass containers to deliver food. However, these glass containers preserve the aroma and flavor of the products that help to preserve the real taste of food. Glass containers are widely used in beverages industry. It is used in alcohol and non-alcoholic beverage segment. In alcohol beverages industry, beer hold the major share of beverages industry. Rising alcoholic & non-alcoholic beer consumption around the world is a major factor for beer segment to hold the major share of the market. For non-alcoholic beverages, milk segment holds the major key share of the market. It is used for delivery and storage of milk. Most of the retail stores use glass containers instead of plastic bottles to deliver milk. Other than milk, glass containers are used for carbonated soft drinks, juices, and water.

Glass containers are extensively used in cosmetics and fragrance industry also. Glass is widely preferred for fragrance products due to its property of preserving fragrance inside the bottle. Glass containers offer aesthetic look for fragrance and cosmetics products. Manufacturers are using glass containers for cosmetics due to recyclable, reusable and inert property of glass.

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Asia Pacific to dominate the market

In terms of regions, the global glass container market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominated the market and accounted the revenue share of 38.6% in 2021 owing to the rising packed food industry, rapid growth of alcohol consumption, and increasing pharmaceuticals industry. The market size of Asia Pacific is expected to dominate the market during the projected period due to the increase in demand for glass containers for packed food items where glass container is used for storage and packaging purposes. The market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to the rising demand for glass containers in pharmaceutical and chemical industry which prefer glass containers owing to inert nature of the glass. Rapid growth in food delivery services in developing countries such as China, Japan, and India. China has one of the largest pharmaceuticals markets in the world and vials and ampoules which are made up of glass containers are extensively used for packaging in the pharmaceutical industry. Glass containers are also used in the beverage industry. In Asia Pacific, increasing growth of alcohol beverage consumption is one of the major factors to boost the glass container industry. Glass containers or bottles are widely used for alcohol beverages due to the impermeability property of glass to O2 and Co2.

In Europe, glass container market is expected to grow at 3.8% CAGR over the forecast period. The global glass containers market is expected to grow at significant rate in Europe due to the presence of huge food and beverages industry for which glass containers are used on large basis.

North America is attributed to grow at significant rate due high consumption of beer in U.S. It alone holds 13% of the global beer consumption. U.S holds the largest pharmaceuticals industry in the world which help to increase the use of glass containers for storage of powders, chemicals, and medicines. This is the major factor for significant growth of global glass containers market.

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