Glass Packaging Market would rocket up to USD 91.38 billion by 2030

The increasing consumer demand for safe and healthier packaging, acts as one of the major factors driving the growth of glass packaging market. The introduction of innovative technologies for embossing, shaping and adding artistic finishes to glass and the growing popularity of the glass packaging among end-users as it is one of the most trusted forms of packaging for health, taste and environmental safety accelerating the glass packaging market growth. The rise in demand for eco-friendly products, surge in demand from the food and beverage and the inclination towards lightweight glass as it provides higher stability and reduced volume of raw materials used and CO2 emitted further influencing the glass packaging market.

Data Bridge Market Research analyses that the glass packaging market which was USD 65.58 billion in 2022, would rocket up to USD 91.38 billion by 2030, and is expected to undergo a CAGR of 4.3% during the forecast period of 2023 to 2030. "Alcoholic beverage" dominates the application segment of the glass packaging market due to its ability to preserve the quality and taste of the contents. Glass bottles are often preferred for premium alcoholic beverages, and this demand has historically been strong.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Drivers

Expanding Beverage Industry
The global beverage industry, including alcoholic and non-alcoholic beverages, continues to expand. Glass bottles are the preferred choice for premium alcoholic beverages, and they are gaining popularity in specialty non-alcoholic beverages as well. Urbanization and rising disposable incomes in emerging markets have boosted the demand for packaged goods, including beverages and cosmetics. Glass packaging is often seen as a symbol of quality and is well received in these markets

Increasing Consumer Preference for Transparency
Transparency is a significant advantage for glass packaging. Consumers appreciate being able to see the contents, which builds trust and aids in purchasing decisions. This is particularly important in industries such as food, beverages, and cosmetics. Glass is impermeable to gases and moisture, offering superior protection to the contents. It does not interact chemically with the packaged products, preserving their quality and taste. This property is especially critical for sensitive items such as pharmaceuticals, alcoholic beverages, and certain food products

Rising Sustainability and Environmental Concerns
Increasing awareness of environmental sustainability has prompted a shift toward eco-friendly packaging materials. Glass packaging, being 100% recyclable and inert, aligns with these sustainability goals. Governments and consumers are increasingly favoring glass due to its minimal environmental impact and its ability to reduce carbon footprint. Glass packaging meets stringent regulatory requirements for the packaging of certain products, such as pharmaceuticals and food. Its non-reactive nature ensures compliance with health and safety standards, contributing to its widespread use in regulated industries

Restraints

High Costs and Weight
Glass packaging is heavier and more fragile compared to alternatives such as plastic and aluminium. This results in higher transportation costs due to increased weight and greater susceptibility to breakage during transit. As businesses seek to optimize supply chains and reduce costs, the weight and fragility of glass containers can be a significant drawback

Limitations in Terms of Handling
Glass packaging is inherently fragile, making it susceptible to breakage during handling and transportation. This can result in higher production losses and increased costs associated with damaged goods. To mitigate this, additional packaging, such as bubble wrap or cushioning, may be required, adding to expenses

Opportunities

Rising Regulatory Compliance
Glass packaging meets stringent regulatory requirements for the packaging of certain products, such as pharmaceuticals and food. Its non-reactive nature ensures compliance with health and safety standards, contributing to its widespread use in regulated industries. Glass is inherently resistant to chemical and biological contamination. This makes it an ideal choice for pharmaceuticals, where product safety is paramount. The absence of leaching or off flavors ensures the purity and safety of the packaged products

Growing Technological Advancements
Advancements in glass manufacturing and packaging technologies have made glass containers lighter, more cost effective, and safer to produce and transport. These innovations have expanded the scope of glass packaging applications. Glass packaging can be molded into various shapes and sizes, allowing for customization to meet specific branding and marketing objectives. This flexibility appeals to diverse industries, including food, beverages, and personal care products

Challenges

High Competition from Alternative Packaging Solutions
Glass faces competition from alternative packaging materials, such as plastics and aluminium, which have gained popularity due to their lighter weight, cost-effectiveness, and ease of production. These materials often offer greater design flexibility, which can be appealing to brands seeking innovative packaging solutions

Limited Design Flexibility
Compared to materials such as plastic, glass has limitations in terms of design flexibility. While glass containers can be aesthetically appealing, they are generally less adaptable to unique shapes and sizes, which may limit their use in certain product categories where innovative packaging designs are valued

This glass packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glass packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth

Recent Development

In September 2022, Vetropack introduced the Echovai bottle, made from tempered lightweight glass, weighing up to 30% less than standard returnable bottles. It boasts increased durability, resistance to abrasion, and reduces logistical effort while emitting 25% less carbon dioxide. Vetropack plans to phase in its production, partnering with Austrian brewery Mohrenbrauerei initially and later expanding across Europe and licensing the technology to third parties. This innovation has the potential to impact the global glass packaging market positively

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Some of the major players operating in the glass packaging market are:

Saint-Gobain (France)
Owens-Illinois, Inc. (U.S.)
Amcor plc (Australia)
Ardagh Group S.A. (Ireland)
HEINZ-GLAS GmbH & Co. KGaA (Germany)
BA GLASS GROUP (Portugal)
Bormioli Rocco S.p.A (Italy)
Consol (South Africa)
Gerresheimer AG (Germany)
Hindusthan National Glass & Industries Limited (India)
Koa Glass Co., Ltd. (Japan)
Nihon Yamamura Glass Co., Ltd. (Japan)
Orora Packaging Australia Pty Ltd (Australia)
Piramal Enterprises Ltd. (India)
Rockwood & Hines Glass Group (Canada)
Shanghai Vista Packaging Co., Ltd. (China)
Sisecam Group (Turkey)
Stölzle-Oberglas GmbH (Austria)
Vetropack (Switzerland)
Vidrala (Spain)
Wiegand-Glas GmbH (Germany)

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