Unveiling Opportunities in the Container Glass Market: Surging Demand for FMCG and Alcoholic Beverages Drives Growth, Fueled by Awareness, Access, and Evolving Lifestyles || Ardagh Group SA, Amcor PLC., Consol Glass (Pty) Ltd

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Container Glass Global Market Report 2023 the increasing demand for fast-moving consumer goods (FMCG) and alcoholic beverages is the major driver for the container glass market's growth in the forecast period. 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. For instance, according to the report published in November 2020 by the India Brand Equity Foundation (IBEF), FMCG is the 4th largest growing sector in India, with household and personal care representing 50% of FMCG sales.

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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Major competitors in the container glass market are Ardagh Group SA, Amcor PLC., Consol Glass (Pty) Ltd., Owens-Illinois Inc., Saverglass Group, Hindusthan National Glass & Industries Limited, Vidrala SA.

A key trend in the container glass market includes product innovation. Innovations such as safety-coated and antibacterial food storage glass containers are taking place in the market to provide a sustainable and safe alternative to ordinary glass containers. Safety coated glass containers with plastic coating are great for handling flammable liquids as they are easier to hold and less likely to break. Antibacterial food storage glass containers use a nanotechnology-based anti-microbial compound called Germ Guard, which prevents and eliminates the formation of dangerous bacteria, fungi, and molds. Key players are innovating these containers to offer unique benefits and strengthen their market position.

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The container glass market is segmented -

• 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 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.

The Business Research Company's "Global Container Glass Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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
……………
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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