Press release
Container Glass Market Forward With Increasing CAGR Of 5.7% And Expected $54.26 Billion by 2029
Container Glass Market
The global container glass market is experiencing significant growth due to growing demand for glass packaging, expansion of pharmaceutical industry, and rising consumer preference for sustainable and eco-friendly packaging.
What Is The Projected Market Size Of The Global Container Glass Market And Its Growth Rate?
The global container glass market is witnessing strong growth trends over the years.
• Market size in 2024: $42.91 billion
• Growth by 2025: $45.37 billion (5.7% CAGR)
The growth during the historic period is driven by an increase in global trade and shipping, adoption of glass packaging for cosmetics and personal care products, stringent regulations promoting sustainable and recyclable packaging.
• Projected market size in 2029: $54.26 billion (4.6% CAGR)
The forecast period growth can be attributed to surge in demand for sustainable and eco-friendly packaging solutions, growth in the e-commerce sector, increasing preference for glass in premium and luxury product packaging.
What Is Driving The Growth In The Container Glass Market?
The container glass market is propelled by the increasing demand for fast-moving consumer goods (FMCG) and alcoholic beverages. This shift is driven by rising awareness, easier access, lifestyle alterations, and increasing income levels. The use of container glass as a safer packaging option effectively protects packaged goods from physical damage resulting from exposure to external environmental factors and helps to prevent the loss of nutritional value. For instance, India predicted a 7-9% increase in FMCG sales for 2022-23, indicating the continued demand for FMCG goods which ultimately will drive the growth of the container glass market.
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Who Are the Key Players Driving Container Glass Market Growth?
Key players in the container glass market include:
• Ardagh Group SA
• Amcor PLC
• Consol Glass Ltd
• Owens-Illinois Inc
• Saverglass Group
• Vitro
• Hindusthan National Glass & Industries Ltd
• Verallia
• AGI Glasspack Ltd
• Nihon Yamamura Glass Co Ltd
• O-I Glass Inc
What Are The Key Trends In The Container Glass Market?
Major trends observed in the global container glass market are:
• Development of smart glass packaging with RFID and QR code technologies
• Customization of glass packaging for brand differentiation and consumer appeal
• Use of recycled glass in container manufacturing to promote the circular economy
• Integration of augmented reality (AR) in glass packaging
What Are The Segments Of The Global Container Glass Market?
The global container glass market is classified according to:
• Glass Type: Borosilicate-Based, Soda-Lime-Silica-Based
• Forming Method: Blow And Blow, Press And Blow, Narrow Neck Press And Blow
• End User: Food And Beverages, Cosmetics and Personal Care, Pharmaceuticals, Chemical, Other End-Users
Which Region Leads The Container Glass Market?
Asia-Pacific was the largest region in the container glass market in 2024. The market report includes other regions such as Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Container Glass Market Global Market Report?
- Market Size Analysis: Analyze the Container Glass Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Container Glass Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Container Glass Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Container Glass Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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