Global Glass Packaging Market Size to Cross USD 82 billion by 2025

The Global Glass Packaging Market View:

The global glass packaging market was valued at US$ 53,616.38 million and 72,030.27 kilo tons in 2016 and is expected to expand at a CAGR of 4.9% in terms of revenue and 4.8% in terms of volume during 2017 – 2025, Glass is widely preferred and used as a packaging material globally. Glass is made from all-natural sustainable raw materials and are widely used as a packaging material by end-users concerned about their health and the environment. Consumers prefer glass packaging for preserving a product’s taste or flavor and maintaining the integrity or healthiness of foods and beverages due to its nonporous & impermeable nature, and also it has zero rate of chemical interactions. Glass is the only widely-used packaging material considered “GRAS” or generally recognized as “SAFE” by the U.S. Food and Drug Administration. It is also 100% recyclable and can be reused endlessly with no loss in quality or purity. Also, the 80% of the glass that is recovered can be made into new glass products as well. Glass is made from sustainable raw materials such as silica, limestone, soda, and others. These type of raw materials are used to manufacture different types of glass, namely, type I glass, type II glass, type III glass, and type IV glass. Type I glass products are majorly made from borosilicate, which has high resistant composition and releases the least amount of alkali. It is commonly used for pharmaceutical or fine chemical products that are sensitive to PH changes. Type III glass products are made from untreated commercial soda lime glass and has low chemical resistance as compared to type I glass. These type III glass products are widely used in food, beverages, and some common chemicals applications. Type II and type IV glass products are made from treated soda lime glass and are rarely used as a packaging material.

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The glass products are widely used to consume alcoholic beverages (except beer), beer, and food items & soft beverages. According to Coherent Market Insights, the alcoholic beverages (except beer) is the largest end-use industry segment, and has accounted over 45% of the global packaging market. The demand for alcoholic beverages are increasing rapidly. The beer consumption in Europe, and Asia-Pacific region is growing at a rapid pace. The glass bottles are largely consumed by the alcoholic beverages and beer manufacturers. Glass is the most preferred material used by spirit producers and consumers in Europe and across the globe, and are widely used to fill with world-famous whiskies, vodkas, gins, cocktails and liqueurs. The glass packaging materials are used by many international brands, including Absolut, Glenfiddich, Jameson and Smirnoff. For wine producers, the glass is the only preferred packaging material as it allows the manufacturers to give it an attractive shape, which is also the key driver for making glass packaging growing at a significant pace. The beer consumption around the world is increasing at a huge rapid pace, due to the increasing population in Asia-Pacific region, and the growing technological advancements in France and Germany coupled with increasing consumption of beer in Europe is making glass packaging market to grow at a huge pace in the following years. The glass products are now widely used in pharmaceutical industries as well. The increasing consumption of glass bottles and vials for storing syrups, and medicines is increasing at a very rapid rate in Europe, and North America. This in turn is coupling the growth of glass packaging market in the following years.

Market Dynamics

Asia Pacific and Europe are the most dominant regions in the global glass packaging market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for glass packaging in various end-use industries such as alcoholic beverages (except beer), beer, food & soft beverages, and pharmaceuticals due to low production cost, ability to keep the beverages safe & healthy and coupled with the increasing demand of attractive shape bottles by the spirit and wine manufacturers are the major growth drivers of glass packaging in Asia-Pacific and Europe over the following years. Moreover, North America market is expected to experience a steady growth due to the decreasing rate of beer consumption in the region, during the forecast period. Owing to this, the alcoholic beverages (except beer) is maintaining pace in the region. According to Coherent Market Insights, the consumption pattern of liquors in North America is shifting to alcoholic beverages (except beer) and is projected to be the fastest growing end-use industry in North America over the following years. Also, the pharmaceutical industry in North America and Europe is now preferring glass packaging due to its no chemical interaction with the liquids, and hence is adding up to the significant growth of glass packaging market globally.

Market Taxonomy:

This report segments the global glass packaging market on the basis of glass types, product types and end-use industry. On the basis of glass types, the global glass packaging market is segmented as Type I glass, Type II glass, Type III glass, and Type IV glass. On the basis of product types, the global glass packaging market is segmented as Bottles, Vials, Jars, and Others. On the basis of end-use industry, the global glass packaging market is segmented into Alcoholic Beverages (except Beer), Food Items & Soft Beverages, Beer, Pharmaceutical, and Others. Moreover, bottles is the largest product segment, accounting for over 70% share of the global glass packaging market in 2016, while, alcoholic beverages (except beer) is estimated to be the largest end-use industry and expected to grow at a CAGR of 5.3% in terms of value during the forecasted period.

Owens-Illinois Inc, Ardagh Group, Saint-Gobain, Gerresheimer AG, Vidrala S.A., and Vetropack Holding AG are some of the key players in the industry. Other important players in the glass packaging market include Amcor Ltd, Bormioli Rocco SpA, Consol, Hindusthan National Glass & Industries, Heinz-Glas GmbH, Koa, Nihon Yamamura, Piramal, Stolzle-Oberglas GmbH, Vitro Packaging LLC, and Wiegand-Glas GmbH.

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Key features of the study:

This report provides in-depth analysis of the global glass packaging market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017 – 2025), considering 2016 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

The report takes into account the various types of glass involved in packaging, namely, Type I, Type II, Type III glass, analyzing the market value and growth (%) during the forecast period

It includes insights on the largest technology used to manufacture different types of glass packaging across the globe

It profiles leading players in the global glass packaging market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans

Key companies covered as a part of this study include Saint-Gobain S.A, Amcor, Bormioli Rocco, Ardagh Group, China Glass Holdings, Gerresheimer AG, Hindusthan National Glass & Industries, Heinz-Glass, Koa Glass, Orora Packaging Australia, Nihon Yamamura Glass, Owens-Illinois Inc., Piramal Glass and Consol Glass.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics

The global glass packaging market report caters to various stakeholders in this industry, including investors, raw material manufacturer, product manufacturer, end-users, distributors, new entrants, and financial analysts

Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the glass packaging market

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