Global Glass Packaging Market to exceed USD 135.52 billion by 2025

The global glass packaging market size was USD 87.61 billion in 2017 and estimated to reach USD 135.52 billion by the end of 2025 with registering itself at a compound annual growth rate (CAGR) of 5.7% over the forecast period. Increasing demand for the product from numerous end-use industries, majorly from the beverage industry. Rising consumer spending coupled with unique properties of glass is supporting its growth in the global packaging industry.

Glass does leech any chemicals into the packed product. Additionally, the superior barrier properties of the material allow the item inside to remain unaltered, thus, making glass the preferable choice for packaging. Glass being impermeable, non-porous and non-reactive, is the most preferred packaging material for various non-alcoholic and alcoholic beverages. Moreover, manufacturers are shifting their focus back to glass in light of numerous regulations banning the use of plastics as packaging materials.

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Strong capital investments by companies in their plants and working with other industry stakeholders to improve the quality of recycled glass; and to produce innovative packaging solutions to attract more customers are some of the macro factors that are augmenting the growth of the global glass packaging market.

The key trend in the global glass packaging market includes recycling and reduction in the weight of these containers. Suppliers are gradually increasing the usage of cullet to reduce the production and landfill cost. Furthermore, the weight of container glass has been reduced by nearly 30% since the earlier era resulting in the material posing a tough competition for its largest competitor, i.e., plastics.

From a sustainability point of view, companies are increasing the amount of recycled content in their bottles and jars. Overall, the global glass packaging market has seen an increase from 26% to roughly 33% of recycled content over the past five years. Some companies in North America run their facilities at recycled glass rates of 50% or more, with one of the glass plants averaging above 90% recycled content. The growing trend of immigration of people from other counties to the region, especially the U.S., is expected to augment the U.S. glass packaging market via numerous end-use industries.

The global glass packaging market is fragmented where the top three players accounted for a market share of over 30% in 2017. Owens-Illinois accounted for the largest market share in the same year. Top global supplier of container glass includes Owens-Illinois, Ardagh, Verallia, and Vidrala with 80, 35, 33, and 8 number of plants, respectively. Furthermore, North America and Europe are the most consolidated marketplaces across the globe with two to three players accounting for nearly 50%. China has the largest number of glass converters of about 900. China is also the largest producer as well as exporter of container glass. Other players in this market include AGI Glaspac, Carib Glassworks Ltd, Hindustan National Glass & Industries Ltd, Consol Glass, VITRO, Nampak Ltd, Amcor Ltd, Gerresheimer AG, Toyo Glass Co. Ltd, and Piramal Glass.

Key segments of the global glass packaging market

Application Overview, 2015-2025 (Kilo Tons) (USD Million)

• Alcoholic beverages (excluding beer)
• Beer
• Food & beverages
• Pharmaceuticals
• Others

Regional Overview, 2015-2025 (Kilo Tons) (USD Million)

• North America
o U.S.
o Mexico
o Canada

• Europe
o Germany
o UK

• Asia Pacific
o China
o India

• Rest of the World

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