Press release
North America Glass Packaging Market Size, Overview, Leading Players, Growth, Share and Forecast 2031
North America glass packaging market is flourishing due to the rapid adoption of developments in new glass formulations that offer greater strength and durability.
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Report Ocean, a leading strategic consulting and market research firm, in its recent study, estimated North America glass packaging market size at USD 3.39 billion in 2022. During the forecast period between 2023 and 2029, Report Ocean expects North America glass packaging market size to grow at a steady CAGR of 4.12% reaching a value of USD 4.44 billion by 2029. A major growth driver of the North America glass packaging market is increasing customer preference for safer and healthier packaging. Glass is also made more appealing to end users by innovative technologies for embossing, molding, and adding aesthetic treatments. The market expansion is also fueled by growing consumer demand for products that are ecologically friendly and growing demand from the food and beverages industry.
North America Glass Packaging Market - Overview
Glass packaging is a kind of rigid packaging that covers and safeguards contents using various densities, sizes, and shapes of glass packaging items. Containers and bottles are just two of the many types of glass packaging products that are available on the market. These substances have no impact on the texture, composition, or flavor of the substance currently present in the jar. This type of packaging is extensively used for alcoholic and non-alcoholic beverages, food, medicine, personal care, cosmetics, and other products.
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Impact of COVID-19 on North America Glass Packaging Market
The COVID-19 pandemic had a significant positive impact on the North America glass packaging market during the first of 2020. The lockdowns and restrictions imposed to curb the spread of the novel coronavirus led to a surge in demand for glass packaging, especially for products, such as hand sanitizers, disinfectants, and pharmaceuticals. As people spent more time at home during lockdowns, there was an increase in the consumption of packaged foods and beverages, leading to a rise in demand for glass bottles and jars. However, the pandemic also disrupted supply chains, resulting in delays in raw material deliveries and production shutdowns. This, coupled with the increased demand, led to supply shortages and price hikes for glass packaging in the North American market. Despite the challenges faced by the industry, the glass packaging market in North America is expected to recover and continue to grow in the coming years.
North America Glass Packaging Market - By Packaging Type
North America glass packaging market is segmented into rigid packaging, flexible packaging, and others. The rigid packaging segment dominates the plastic packaging market due to its high visual appeal and durability. Also, the high barrier to oxygen, moisture, and light of rigid packaging contributes to the segment's highest market share. The reusability of rigid packaging products, such as intermediate bulk containers, pallets, and other industrial packaging products, is likely to favor the expansion of rigid plastic products.
Competitive Landscape
North America glass packaging market is highly competitive. Major players in the market include Ardagh Group, O-I Glass, Inc., Vitro Packaging, LLC, Gerresheimer Glass, Inc., Anchor Glass Container Corporation, Nampak Glass North America, Piramal Glass USA Inc., Stolzle Glass USA, Berlin Packaging, Verallia North America, Glasswerks Inc., and Rocky Mountain Bottle Company. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the North America glass packaging market.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of North America Glass Packaging Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in North America Glass Packaging Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Content
Chapter 1: Global North America Glass Packaging Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global North America Glass Packaging market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global North America Glass Packaging Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global North America Glass Packaging market Size Forecast (2023-2030).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of North America Glass Packaging market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the North America Glass Packaging market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the North America Glass Packaging market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate North America Glass Packaging business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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