Global Glass Packaging Market Size to Reach USD 86300 Million by 2030, At Growth Rate (CAGR) of 6.40%

Market Overview:

The Global Glass Packaging Market Size Was Reasonably Estimated to be Approximately USD 52600 Million in 2023 and is Poised to Generate Revenue Over USD 86300 Million by the End of 2030, Projecting A CAGR of Around 6.40% from 2023 to 2030.

The glass packaging market encompasses the manufacture, distribution, and application of glass containers for the packaging of various products such as beverages, food, pharmaceuticals, cosmetics, and others. Glass packaging has various advantages, including inertness, gas and liquid impermeability, recyclability, and aesthetic appeal. The use of glass containers to package various items is referred to as glass packaging. It is widely used in food and beverage, medicines, cosmetics, and other industries. Glass is completely recyclable and can be recycled indefinitely without losing quality. Recycling glass conserves resources and reduces the environmental impact of packaging trash.

Top Key Players:-

"Ardagh Group (Ireland), Owens-Illinois Inc. (US), Verallia (France), Vetropack Group (Switzerland), Vidrala (Spain), Piramal Glass (India), Ba Glass (Portugal), Wiegand-GLAS (Germany), Gerresheimer AG (Germany), Şişecam Group (Turkey), Frigoglass (Greece), Consol Glass (South Africa), Vitro (US), Agi Glasspac (Australia), Nihon Yamamura Glass (Japan), Toyo Glass Co. Ltd. (Japan), Verescence (France), KOA Glass Co. Ltd (Japan), Zignago Vetro S.P.A. (Italy), Bormioli Rocco Group (Italy) and Other Major Players."

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Market Dynamics:

Driver:

Pharmaceutical packaging solutions are required to protect the integrity and safety of pharmaceuticals and healthcare items. Glass packaging provides good barrier characteristics, shielding the contents from oxygen, moisture, and other environmental influences that can degrade their quality and efficacy. For sensitive pharmaceuticals, injectables, and ophthalmic products, glass containers provide a trustworthy and secure packing choice. Because glass is chemically inert and nonreactive, it is an excellent choice for pharmaceutical packaging.

Opportunities:

As people's lives become busy, they rely more on packaged food products for convenience. Packaged food provides ready-to-eat or simple-to-prepare options, saving time and effort. Glass packaging is ideal for preserving and packaging a wide variety of food goods such as sauces, condiments, beverages, and more. Glass packaging aids in the preservation of packaged food's quality and freshness. Glass containers provide a great barrier against oxygen and moisture, preventing rotting while preserving the food's flavor, aroma, and nutritional content. Glass's transparency also allows consumers to physically inspect the product before purchasing it, increasing trust and ensuring food safety.

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Segmentation Analysis of The Glass Packaging Market
Glass Packaging market segments cover the Glass Type, By Product, and End-users. By Glass Type, the Borosilicate-Based segment is Anticipated to Dominate the Market Over the Forecast period.
The dominance of the borosilicate-based glass segment in the glass packaging market over the forecast period can be attributed to several factors.
Borosilicate glass has excellent thermal resistance properties, making it highly resistant to thermal shock. It can withstand high temperatures without cracking or shattering, which makes it suitable for applications that involve extreme temperature changes.

By Glass Type
• Borosilicate-Based
• Soda-Lime-Silica-Based
By Product
• Bottles
• Jars & Contain
• Ampoules
• Vials
• Others
By End-User
• Food
• Beverage (Alcoholic & Non- Alcoholic)
• Pharmaceuticals
• Personal Care & Cosmetics
• Others

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Regional Analysis of the Glass Packaging Market
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.
The Asia Pacific region has a significant population, including densely populated countries like China and India. The rising population, coupled with increasing urbanization and changing consumer lifestyles, is driving the demand for packaged products, including food, beverages, pharmaceuticals, and personal care items. countries in the Asia Pacific region, such as China, India, and Southeast Asian nations, are experiencing rapid economic growth. There is a growing awareness and concern about environmental sustainability in the Asia Pacific region. Consumers are increasingly seeking packaging solutions that are eco-friendly and recyclable.

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in the Glass Packaging Market
In May 2023, a business of Ardagh Group announced a supply agreement with SprecherBrewing Company to continue to manufacture all of their glass beer and beverage bottles, including their recently redesigned custom 16oz glass bottle.
In May 2023, Verallia France, Europe's leading producer, and a subsidiary of the world's third-largest producer of glass packaging for food and beverage products supports the Rémy Cointreau group in its goal of reducing its environmental impact. Both companies have made a joint commitment to using lighter bottles and more recycled glass.

Table of content: -
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Glass Type
 3.2 By Product
 3.3 By End-User
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Glass Packaging Market by Glass Type

To Be Continue….

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