Glass Packaging Market 2016-2022 | Leading Players Overview- Verallia, Vetropack, Zignago Vetro, Allied Glass Containers, Ardagh, Stölzle Glass, Verescence, Owens-Illinois, BA Vidro, Piramal Glass, Luigi Bormioli, Gerresheimer, Wiegand-Glas, Vetrobalsamo

Global Glass Packaging Market by Product (Standard Glass Quality, Premium Glass Quality, Super Premium Glass Quality), Application (Beverage Packaging, Food Packaging, Personal Care Packaging, and Others) and Region – Global Forecast to 2022

The global glass packaging market, which was valued at USD 57,050.5 Million in 2017, is projected to catapult to USD 66,766.0 Million by the end of 2022. Various factors are responsible for the growth of the global glass packaging market. Increased consumption of beverages, growth in the pharmaceutical industry and the environmental advantages favor the growth of the market, while, availability of alternatives might impede the growth of the market. Market Research Future (MRFR) forecasts that the market would be growing at a CAGR of 3.29% over the forecast period of 2017-2022.

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Glass being non-porous, impermeable and non-reactive, is the most preferred packaging material for various alcoholic and non-alcoholic beverages. Glass packaging, does not alter the flavor of the liquid contained inside and keeps the flavor intact as long as the container is properly sealed making it the preferable choice. Moreover, influenced by the desire to reduce use of plastic in a global scenario, which is increasingly environment-conscious, manufacturers are extensively using glass in the packaging of beverages. The rise in demand for beverages, both alcoholic and non-alcoholic, resulting from increased global consumption is a key factor in stimulating the growth of the market. Surging demand for glass packaging from the pharmaceutical industry is another important influencer of market growth. Glass is primarily used as packaging material in the pharmaceutical industry owing to its protective and rigid qualities. Glass can also be used to contain strong acids and alkalis and is an excellent barrier against all elements due to its chemically inert quality, and as such the material is preferred for pharmaceutical packaging. Additonally, glass packaging material is economically priced which further contributes to its demand in the pharmaceutical industry. Growth in the pharmaceutical industry directly translates into growth in demand for glass packaging market. Rising industrialization across the globe coupled with the increasing prevalence of chronic diseases, which requires drug and medical technology bolsters the growth of the glass packaging market.

Availability of alternatives in the packaging market is a critical restraining factor to the growth of the glass packaging market. Other packaging materials such as plastics and metals which are lighter, more resistant to breakage, reduce transportation costs and perform well under harsh or variable storage conditions as compared to glass are being largely preferred for the packaging of varied products such as juices, water, soft drinks and others However, a widespread preference toward measures which reduce carbon footprint are expected to mitigate the challenge these alternatives represent. Moreover, developing economies such as India, China, Vietnam, Thailand and Brazil store potential growth opportunities for the global glass packaging market. Along with rapid economic advancements, these regions are also advancing in terms of preference, income, and lifestyle. The presence of a large population pool with an evolving lifestyle and higher disposable income has resulted in a greater tendency to indulge more on packaged food and other packaged personal and beauty care products which provides ample scope of expansion to the glass packaging market. Moreover, increasing alcohol consumption among the growing population also provides impetus to the growth of the market, thus providing room for market expansion.

The global glass packaging market has been segmented based on product, application, and region. By product, the market has been segmented into standard Glass Quality, Premium Glass Quality, and super Premium Glass Quality. The premium quality glass segment accounts for the largest share of the market and is likely to retain its position throughout the forecast period due to its extensive application in the pharmaceutical and food & beverage industry.

By application, the market has been segmented into food packaging, beverages packaging, pharmaceuticals packaging, personal care packaging and others. The beverage packaging segment is the largest segment and is expected to expand at a CAGR of 3.35% over the forecast period. Increased consumption of alcoholic beverages such as wine, beer, wine, vodka, and rum and non-alcoholic beverages such as energy drinks across the globe has induced demand for beverage packaging which is reflecting positively on the glass packaging market. Plastics contain ethylene glycol and terephthalic acid which causes alcohol to leach if stored for a longer duration. Compared to plastic, glass bottle has high resistance against leaching which makes it a favored material for beverage packaging.

Regional Analysis

Asia Pacific currently leads the global market for glass packaging and is expected to present lucrative opportunities to market players throughout the forecast period. Growing industrialization in the region in addition to the rising consumption of beverages drives the market in Asia Pacific. Increase in disposable income has resulted in an upsurge in demand for packaged food, which also supports the market growth. Moreover, increase in disposable income encourages consumers to indulge in glass packaged items which are comparatively expensive and changing the preference of consumers towards environment-friendly and recyclable products augment the growth of the market in Asia Pacific region. China, India, and Japan are the key contributors to the Asia Pacific market which is being led by China. China being the most prominent global market for food and beverage products, experiences increased demand for glass packaging and is foreseen to retain its position over the forecast period. Government support for foreign investments and industrialization makes Asia Pacific a lucrative destination for expansion of global glass packaging market.

Europe is the second largest market for glass packaging and the growth of the regional market is led by the U.K. As per the Global Information System on Alcohol and Health (GISAH), Europe ranks the highest in terms of alcohol consumption in the world which results in increased demand for alcoholic beverages and, in turn, drives the market for glass packaging. Additionally, the European region is engaged in the production of personal care and beauty products due to high living standards prevailing in the region which further stimulates the demand for the packaging industry. Several high end cosmetics and personal care brands originate in the region and in order to have an aesthetically pleasing appearance and functional storage of product, glass packaging is preferred.

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Global Glass Packaging Market: Competitive Landscape

The global glass packaging market is characterized by the presence of many global, regional, and local players. The market is highly competitive with all the players competing to gain market share. Intense competition, and increasing demand for various grades of products confront market growth. The vendors compete based on cost, product quality, and reliability. It is crucial for the vendors to provide cost-efficient and high-quality glass, to survive and succeed in an intensely competitive market environment.

Owens-Illinois Inc. is leading manufacturer and seller of glass containers in the food and beverage segment industries. The company manufactures glass containers for the alcoholic beverage which include Flavoured malt beverages, Wine, Spirits and Beer, food, tea, Juice, Pharmaceutical & Chemical segment and Tableware. The company offers its product in different ranges of sizes, colors. Owens-Illinois operates in 23 countries and has 79 manufacturing and processing plants in these countries. Owens-Illinois also provides engineering support to its manufacturing operations located in Australia, France, Poland, Peru, Colombia, and the United States. The company mostly uses recycled material in its production process so that they could be more sustainable company and an environmentally concerned company. Owens-Illinois strategy is to focus on providing innovative competitive solutions to its customers in the food and beverage sector. The company’s goal is to enhance the shareholders wealth and enable the future success of its customers and employees.

Ardagh Group S.A. is leading supplier of glass packaging solutions, metal packaging solutions and infinitely recyclable. The company believes in continuous innovations in quality and customer services and by the strong investment has underpinned to their growth over 2 decades. The company operates 108 facilities across 22 countries worldwide. The company aims to operate its business sustainably. Thus, they only supply those materials, which can be 100% infinite recycled and reused. The company also offers packaging solutions to the other markets sectors are beverage cans, beers and spirits, food and aerosols. The company has an annual sales of USD 8.6 billion, globally. The company uses leading technology and expertise in the field in its operations and has focus on operational excellence and optimization of manufacturing base.

Verallia is one of the leading manufacturers and suppliers in glass packaging industry. The company supplies glass jars and bottles for the food and beverage industry, globally. Verallia also manufactures stock containers of different ranges and sells all over the global market. The company has different operations in Argentina, Brazil, Espana, Italia, North America, Ukraine and Deutschland. The company is the former subsidiary of the Compagnie de Saint-Gobain S.A. Verallia is the third largest producer of the glass packaging for the food and beverages industry and supplies innovative and environment-friendly solutions to more than 10,000 customers in the global market. The company’s key focus area is increasing the market share in glass packaging market through internal growth and acquisitions. It uses well-established strategy to develop technologies that generate attractive cash returns. As a result, it expects to continue to increase the number of their product offerings in the market and acquire new customers and distribution channels.

Vidrala S.A. is a privately held company with 9 production sites in over 5 countries Spain, Portugal, Belgium, England, Italy. The company supplies different varieties of product in the food and beverage industry. The company has its business activities in complete value chain of glass, starting from raw material procurement, melting process, forming, to packaging and distribution. Vidrala has the production capacity of 8 billion containers of glass bottles, per year. The company uses 51% recycled glass in its operations. The company operates through two regional segments, namely European Union and Spain union. Vidrala sees its key strategy in expansion. The company has improved its operational efficiencies and has expanded its geographic presence by setting up facilities, across the globe, to cater to the standard and customized needs of the client base.

BA Vidro is a manufacturer and a marketer of glass bottles. The company has a partnership with CVC Capital Partners financial group, which had purchased USA’s Anchor Glass, which has six manufacturing facilities, 11 furnaces and 31 machines that have a production capacity of nearly 5 billion glass containers, per year. Anchor Glass serves various segments such as food and beverage, beer, ready to drink and liquor products and its manufacturing facilities are located in Georgia, Indiana, Oklahoma, New York and Florida, which will increase their market share. The company is focusing on its current and future customers and building the image of the best premium quality goods provider through innovation, and consistent services, which will build and keep the trust within the customer. BA Vidro is encouraging and developing the talent of its employees so that they can create an opportunity for them as well as for the company and build its core competency

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