Press release
Glass Packaging Market is Expected to Soar in the Upcoming Years 2024 - 2031 | Amcor Ltd, Ardagh Group, Gerresheimer
Glass Packaging Market
The Glass Packaging Market is estimated to be valued at USD 71.97 Bn in 2024 and is expected to reach USD 95.35 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Market Dynamics:
Glass packaging is witnessing high demand owing to its sustainability credentials and ability to retain freshness of contents. Rise in consumption of bottled water and alcoholic drinks especially craft beer has propelled the market growth. In addition, preference for eco-friendly packaging among consumers and companies to attract conscious buyers has boosted adoption of glass packaging. Strict government policies regarding single-use plastics have further accelerated replacement of plastic with glass packaging. However, high cost associated with glass packaging compared to alternatives may limit its demand to some extent over the forecast period.
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Glass Packaging Market Drivers
Increasing Demand for Eco-friendly and Sustainable Packaging Solutions
Glass packaging is considered as one of the most sustainable packaging solutions available in the market currently. Glass is completely recyclable and can be reused infinitely without compromising its quality. The growing environmental concerns among consumers have increased the demand for eco-friendly packaging. Glass being made from natural abundant resources is a sustainable solution driving its increasing adoption across various end use industries like food and beverages, pharmaceuticals, personal care and cosmetics. The rising focus towards reducing plastic waste and transitioning to reusable and recyclable options makes glass packaging highly desirable.
Glass Packaging Market Opportunity
Growing Demand in Pharmaceutical Packaging
Glass is considered the gold standard for pharmaceutical packaging globally. It is non reactive, provides excellent barrier protection and does not leach extractables or absob chemicals preserving drug stability over long shelf life. Recent regulatory bans on usage of certain polymers and metals in drug packaging have further elevated the importance of glass. The market is witnessing increasing penetration of specialty glass like borosilicate treating complex formulation drugs. Moreover, innovations towards personalized packaging solutions and smart displays are augmenting applications in unit dose vials and ampoules. With growing healthcare expenditure and demand for medicines across developing markets, pharmaceutical glass packaging offers huge growth potential in the coming years.
Glass Packaging Market Trends
Rising Popularity of Specialty Glass Types
While conventional soda lime glass remains the mainstream, specialty glass variants are gaining increased prominence driven by evolving industry needs. Heavy-walled glass allows efficient utilization of fills space for manufacturers. Production of light-weight glass through nano technology allows addressing cost and handling concerns. Borosilicate glass resistant to drastic temperature changes and chemical degradation has applications in high performance industries. Low alcohol glass suitable for craft beer and spirits has become popular. Special coated and treated glass enabling oxygen barrier, UV protection and antimicrobial characteristics are new opportunities. Premiumization trend and demand for multi-qualified high performance glass will continue flourishing specialty glass packaging demand.
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Top Companies Featured 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
★ Nihon Yamamura
★ Verallia
★ Wrapper India
★ Toyo Seikan
★ O-I Glass
★ AptarGroup
★ Schott Kaisha Pvt Ltd
★ Roetell
Market Segmentation:
By Product Type:
★ By Type: Bottles, Jars, Vials & Ampoules, Others)
★ By End-Use Industry: Food & Beverages, Personal Care, Healthcare, Household, Others (Agriculture, etc.)
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Key Insights from the Global Glass Packaging Market Analysis:
Market Size Evaluation: Assessing the value and sales volume of the Glass Packaging market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Glass Packaging market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Glass Packaging market.
Segment Analysis: Examining the market value and sales volume of Glass Packaging by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Glass Packaging market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Glass Packaging sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137)
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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