Press release
Glass Packaging Market to Discern Steadfast Expansion During 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:
Growing consumption of beer, wine, packaged water, and other beverages is fueling demand for glass packaging. According to research, per capita consumption of bottled water increased from 43 liters in 2015 to 49 liters in 2020. Likewise, beer consumption rose from 83 liters per capita in 2015 to 88 liters in 2020. Further, increasing health consciousness is pushing consumers towards natural mineral water and other beverages packed in glass containers perceived to be safer and more sustainable than plastic bottles. These rising beverage consumption trends are expected to augment the glass packaging market size over the forecast period.
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The market is also driven by continued substitution of plastic and metal packaging with glass packaging owing to its optical clarity and barrier properties retaining nutrition of contents. Beverage producers prefer glass packaging for its premium and sustainable brand image appealing to health-conscious consumers.
Major Growth Drivers in the Glass Packaging Market:
Increasing Demand for Attractive and Sustainable Packaging Solutions
The glass packaging market is witnessing robust growth owing to its increasing adoption across industries like food and beverages, pharmaceuticals, and cosmetics. Glass is considered as one of the most sustainable packaging materials as it is 100% recyclable and reusable. The rising awareness regarding environmental sustainability among consumers is driving the demand for glass packaging. Moreover, glass provides optimal aesthetic appeal, design flexibility, and product safety. It effectively preserves the taste, smell, and quality of products. This makes glass packaging highly desirable for premium and high-value products.
Significant Opportunity in the Glass Packaging Market:
Increasing Applications in Premium Alcoholic Beverages
The premiumization trend in alcoholic beverages is opening new growth avenues for glass packaging. Ultra-premium and craft alcoholic beverages especially wines, spirits, and craft beer are increasingly preferring glass containers for their premium positioning and branding benefits. Glass is considered ideal for highlighting the authenticity and luxury appeal of high-value alcoholic products. The rising global consumption of premium alcoholic drinks is expected to drive the replacement of alternative packaging with glass bottles and jars. Major brewers and distillers are investing in specialized glass containers customized for their premium brands. Innovative designs like lightweight bottles with embossing and engraving are gaining traction. This presents a major opportunity to expand glass packaging usage in the high-growth premium alcoholic beverages segment.
Notable Trend in the Glass Packaging Market:
Surge in Online Sales Propelling Small-Batch Packaging
The e-commerce boom worldwide has led to significant growth in online shopping for various goods including packaged food, drinks, and cosmetics. This has created opportunities for small independent producers offering customized and niche products. Due to the demand for unique designs and smaller batch sizes, glass containers are increasingly preferred for online product display and shipment. Small and personalized glass bottles, jars, and vials allow artisanal and customized offerings to grab consumer attention effectively in the digital marketplace. Glass manufacturers are introducing smaller production runs, personalized labeling, and tamper-evident closures to address the requirements of online sellers. This emerging trend of small-batch glass packaging for direct-to-consumer sales through e-commerce platforms is expected to continue rising in the coming years.
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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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