Glass Packaging Market Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis by 2023-2030 | Amcor Ltd, Ardagh Group, Gerresheimer

The Glass Packaging Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Glass packaging provides transparency, durability and recyclability. It is used for packaging foods & beverages, pharmaceuticals, personal care & cosmetic products and others.

Market Dynamics:

Glass is a sustainable packaging material as it can be reused and recycled indefinitely without loss of quality. Additionally, growing environmental concerns among consumers as well as regulations on single use plastics are fueling the demand for eco-friendly glass packaging. Furthermore, glass packaging provides premium looks and appeal for products, enhancing brand value for companies. It also acts as an effective barrier against moisture, air, light and bacteria, ensuring longer shelf-life of packed products.

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Top Companies Covered In This Report:

★ Amcor Ltd
★ Ardagh Group
★ Gerresheimer
★ Hindustan National Glass & Industries Ltd
★ Koa Glass Co. Ltd.
★ Owens Illinois Inc
★ Piramal Glass Limited
★ Saint-Gobain
★ Heinz-Glas
★ Wiegand-Glas
★ Vidrala SA
★ Vitro Packaging and Nihon Yamamura

Detailed Segmentation:

By Applications:

★ Alcoholic Beverages
★ Beer
★ Food & Beverages
★ Pharmaceuticals
★ Others

Key Region/Countries are Classified as Follows:

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ South America (Brazil, Argentina, Colombia, etc.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Glass Packaging Market Drivers:

1. Increasing Demand for Premium and Specialty Beverages is Driving the Growth of Glass Packaging Market

The glass packaging market has been witnessing significant growth due to the rising demand for premium and specialty beverages across the world. Glass is considered the most suitable packaging material for premium alcoholic and non-alcoholic beverages due to its barrier properties, chemical resistance, and recyclability. The consumption of premium spirits, wine, craft beer and other specialty beverages has increased tremendously in recent years. Glass bottles impart branding opportunities for beverage producers and also enhance the visual appeal of premium products. Moreover, glass is eco-friendly and helps beverage manufacturers commit to sustainability goals. The premiumization trend in the beverage industry is expected to continue in the coming years, driving greater utilization of glass packaging solutions.

2. Growing Focus on Sustainable and Recyclable Packaging Solutions is Boosting the Adoption of Glass Packaging

With environmental awareness on the rise, consumers as well as regulatory authorities are putting increasing pressure on packaging manufacturers to adopt sustainable solutions. Glass is emerging as the most viable recyclable and reusable option compared to plastics. Glass can be recycled endlessly without any loss in quality. It also does not leach harmful chemicals into the contents. The glass packaging industry is promoting the environmental benefits of glass such as reduced carbon footprint. Beverage producers are actively supporting glass recycling programs to meet their sustainability commitments. Favorable regulatory push for reusable and recyclable packaging and the efforts by glass manufacturers to improve collection and recycling rates are fueling the glass packaging market growth.

Glass Packaging Market Restrain:

High Logistics and Storage Cost Associated with Glass Packaging is a Major Challenge

Although glass provides excellent barrier properties and sustainability advantages, it also has some limitations such as weight, breakability and high costs associated with transportation and storage. Glass bottles are heavier than plastic bottles of comparable volume and shapes. This increases freight and logistics costs due to limitations on load capacity. It also leads to high warehousing expense as more space is required to store glass bottles. Improper handling during transit can also result in bottle breakages. The high costs involved in managing glass supply chains deter beverage brands from exclusively relying on glass especially for large volume, mass market products that are distributed globally. Instead, such companies prefer a mix of glass and lightweight plastic bottles. Unless technologies emerge to reduce weight and enhance durability of glass, high operational expenses will continue to remain a challenge for wider glass packaging adoption.

Glass Packaging Market Opportunity:

Growing Demand for Eco-Friendly Packaging Presents Lucrative Opportunities in Developing Markets

While developed markets in North America and Europe have been the major revenue generators for glass packaging manufacturers historically, growth potential exists in developing economies as well. Countries like India, China, Brazil, Mexico and others are witnessing rising disposable incomes and expenditure on food and beverages. At the same time, environmental regulations are getting stricter and consumers are increasingly conscious about packaging sustainability. This provides significant opportunities for glass companies to tap into emerging markets by promoting glass as the most eco-friendly rigid packaging material. Entry of global brands with focus on sustainability also drives the preference for glass bottles. Investment in recycling infrastructure and expansion of collection rates in developing nations can further stimulate glass demand. With a large consumer base and government backing, developing markets are poised to become important revenue pools for glass packaging in the coming years.

Glass Packaging Market Trend:

Rise of Specialty Breweries and Craft Distilleries is Fueling Innovation in Glass Packaging Design

The growing popularity of specialty beers, spirits and wines produced by craft and artisanal brands has opened up opportunities for innovation and customization in glass packaging design. These smaller producers rely heavily on unique bottles and labels to differentiate their premium products. Glass manufacturers are actively collaborating with craft breweries and distilleries to offer specialized glass containers, unique embossing, distinctive colors and premium closures. Special designs help niche brands build a signature brand identity and premium image. Lightweight and stemless wine bottles are some of the new glass designs gaining traction. Manufacturers are also developing customized container shapes, sizes and decorating glasses to stand out on retail shelves. Technology advancements enable creation of high-quality bespoke bottles.

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Key Questions Answered in This Report on Glass Packaging Market

• How much revenue will the global Glass Packaging Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall global market?

• What are the indicators expected to drive the global Glass Packaging Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Market to expand their geographical presence?

• What are the major advancements witnessed in the global Glass Packaging Market?

• This report answers these questions and more about the global Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Glass Packaging Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle-East and Africa

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This release was published on openPR.