Press release
Glass Packaging Market Pegged for Robust 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:
The glass packaging market is witnessing high growth owing to increasing use of glass containers in food and beverage industry. Glass is considered safe for direct food contact and provides protection and preservation of products. It is reusable, 100% recyclable and has high barrier protection against oxygen, moisture, carbon dioxide and UV light. These properties render glass ideal for packaging health drinks, juices and other products requiring premium quality packaging solutions. Additionally, growth in pharmaceutical industry utilizing glass vials and bottles for drug delivery is further fueling demand in the market.
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Leading Rise in Demand for Environment-friendly Packaging
The glass packaging market has seen substantial growth in recent years driven by the rising demand for sustainable and environment-friendly packaging solutions. Glass is one of the most recyclable materials available and has high reuse potential. It does not leach chemicals into the product and provides an airtight seal to keep products fresh for longer. Many consumer goods and beverage companies have been switching from plastic and other materials to glass to meet their sustainability goals and appeal to environmentally conscious customers. The recyclability and reusability of glass coupled with stringent regulations against single-use plastics in several markets are boosting the glass packaging market.
Growing Demand for Premiumisation in Food Packaging
The increasing consumer demand for premium food and beverages offers new market opportunities for glass packaging. As the middle-class population expands globally, more consumers are willing to pay extra for premium packaged products. The exclusive and sophisticated look provided by glass containers appeals to premium brands. Glass provides barrier against moisture, oxygen, and light-allowing food to stay fresher for longer and protecting nutrient value. This makes glass suitable for high-end packaged foods and drinks involving skilled manufacturing processes. Key players are innovating specialized glass containers to further establish the premium credentials of products. The premiumization trend provides favorable prospects for innovative glass packaging designs and customized solutions.
Rise of Smaller Glass Bottles
Another notable upcoming trend in the glass packaging market is the emergence of smaller glass bottles primarily driven by the beverage industry. Consumers are increasingly opting for convenient single-serve and on-the-go packaging sizes that provide better portion control and value for money. Beverage companies are catering to this demand by introducing mini and single-serve bottles and jars made of glass. Besides being more suitable for single consumers, smaller glass bottles and jars help in reducing packaging costs and optimize warehousing and transportation. They also take up less shelf space in retail stores. Innovation in glass production technology has made it viable to manufacture smaller but sturdy glass packages. This trend towards downsizing of glass bottles is expected to sustain 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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