Press release
Glass Packaging Market Prospects for Long-Term Value & Growth 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:
The glass packaging market is expected to witness significant growth over the forecast period owing to two major drivers. Firstly, there is an increased consumption of packaged foods and beverages globally which is driving the demand for glass packaging solutions. Glass is a preferred material for packaging beverages and food items due to its clarity and ability to preserve taste and quality of contents. Secondly, the introduction of lightweight and customized glass solutions by manufacturers is further augmenting market growth. New production technologies allow making thinner and tailored glass packaging minimizing carbon footprint and transportation costs.
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Vulnerability to Breakage Can Impact Supply Chains Negatively
The major restraint for the glass packaging industry is the risk of breakage during transportation and handling. Unlike plastic, glass is fragile and prone to damage leading to product wastage. Even minor cracks or flaws can cause containers to break during the supply chain process from manufacturing plants to warehouses and retail shelves. It increases costs related to damaged goods, replacement shipments, and potential loss of customers due to stock-outs. The heavy weight of glass also increases freight costs compared to lightweight alternatives. These issues pose supply chain challenges, especially for glass companies operating globally. Investment in robust logistics infrastructure is necessary to address this restraint.
Growing Sustainability Focus Offers business opportunities
Rising environmental concerns worldwide are opening up opportunities for glass manufacturers to develop innovative sustainable solutions. Customers are increasingly preferring eco-friendly packaging made from recycled materials. As glass is completely recyclable and has infinite recycling potential, companies promoting the sustainability advantage of glass stand to gain. For example, increased use of recycled glass content in new containers production, offering refill packs instead of single-use packaging etc. Partnerships with recycling firms having closed-loop systems can enhance collection rates boosting the circular economy. Communicating the credentials clearly to consumers through responsible marketing can differentiate glass positively in an increasingly green marketplace.
Increasing Demand for Specialty and Customized Glass Packaging Trend
Brands are opting for unique glass designs tailored to specific markets or seasons as part of their product differentiation strategy. The trend of specialty packaging allows creative expressions and visual storytelling important for branding and engagement with younger customers. Emerging technologies like digital printing, sand blasting, engraving etc. enable one-of-a-kind designs and personalized touches. Manufacturing techniques like molding, blowing, pressing are utilized to create diverse shapes from basic cylinders to artistic sculpted bottles. Customization trend combined with small batch manufacturing improves time-to-market for unique seasonal launches keeping customer interest alive. This specialty packaging phenomenon presents major growth opportunities for glass companies able to offer customized solutions.
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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 Inquiries Addressed in this Report include:
📈 What was the size of the Glass Packaging Market in 2024, and what is the projected value by 2031?
📈 What is the present global market landscape for the Glass Packaging Market?
📈 What strategies offer optimal opportunities for growth maximization in the business?
📈 What recent trends are shaping the Glass Packaging Market?
📈 How does the market share of Glass Packaging Market revenue, sales, and size vary across specific geographical regions?
📈 Who are the prominent industry players in the Glass Packaging Market?
📈 Which segment of the Glass Packaging Market is experiencing heightened demand?
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.
💎 Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/407
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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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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