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Container Glass Market Growth, Analysis, Trends to 2023|Ardagh Group SA, Amcor PLC., Consol Glass (Pty) Ltd., Owens-Illinois Inc., Saverglass Group
Container Glass Market Growth
Container Glass Market Size, Growth Rate, And Forecast
The global container glass market size grew from $64.32 billion in 2022 to $68.89 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The container glass market size is expected to grow to $90.42 billion in 2027 at a CAGR of 7.0%.
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Container Glass Market Drivers
The increasing demand for fast-moving consumer goods (FMCG) and alcoholic beverages is expected to propel the growth of the container glass market. The demand for fast-moving consumer goods (FMCG) and alcoholic beverages is increasing due to reasons such as growing awareness, easier access, changing lifestyles, rising income levels, and others. This increase in demand will drive the demand for container glass as this is an effective and safer packaging option for these products. FMCG goods and alcoholic beverages are non-durable products that require packaging such as container glass that can protect physically from damage caused by exposure to the sun, dust, temperature changes & contaminants. Container glass also protects against loss of nutritional value such as denaturing of proteins and oxidation of fats due to their excellent properties such as neutral reaction.
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Container Glass Market Segments
• By Glass Type: Borosilicate-Based, Soda-Lime-Silica-Based
• By Forming Method: Blow And Blow, Press And Blow, Narrow Neck Press And Blow
• By End User: Food And Beverages, Cosmetics And Personal Care, Pharmaceuticals, Chemical, Other End-Users By Technology: Contactless Fingerprint Technology, Facial Recognition, Iris Recognition, Palm Vein Recognition, Voice Recognition, Contactless Cards
• By Application: Face, Fingerprint, Hand Geometry, Iris, Voice, Other Apllications
• By End User: Government, BFSI, Consumer electronics, Healthcare, Transport And logistics, Defense And Security, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Container Glass market.
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Container Glass Market Key Players
Major competitors in the Container Glass market include Ardagh Group SA, Amcor PLC., Consol Glass (Pty) Ltd., Owens-Illinois Inc., Saverglass Group, Hindusthan National Glass & Industries Limited, Vidrala SA
The Business Research Company's "Global Container Glass Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Container Glass Market Include:
1. Executive Summary
2. Container Glass Market Characteristics
3. Container Glass Market Trends And Strategies
4. Container Glass Market - Macro Economic Scenario
5. Container Glass Market Size And Growth
…………
26. Africa Container Glass Market
27. Container Glass Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Container Glass Market
29. Container Glass Market Future Outlook and Potential Analysis
30. Appendix
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