Europe, Middle East & Africa Retail Glass Packaging Market: Industry Outlook 2032 | Report by FMI

The Europe, Middle East and Africa (EMEA) retail glass packaging market is predicted to be worth USD 10.1 billion in 2023, and rise to USD 14.8 billion by 2032.

Retail glass packaging is expected to be in high demand in EMEA as consumers' preferences for eco-friendly, health & wellness, enticing, and affordable packaging options grow. Recently, companies actively developed unique retail glass packaging solutions while collaborating closely with their customers and industrial suppliers.

By compiling information on consumer trends and preferences, businesses may design packaging that is specially tailored to the requirements of their target customers. In established regions like Europe, the luxury packaging market is primarily driven by the volume of launches in the food, beverage, and alcohol industries.

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Glass dominates the market for luxury packaging among all other material types, with a market share of more than 50%. The retail glass packaging sectors in EMEA are seriously threatened by the plastic and metal packaging industries.

In the food and beverage sector, glass packaging has suffered a reduction in market share, but it still has advantages over alternative materials. Key causes of this loss include the high cost of production, heavyweight, and fragility of glass containers.

Key Takeaways

• Demand for retail glass packaging in Europe is expected to increase at a CAGR of 4.1% during the projected period.
• Demand for retail glass packaging in MEA is expected to increase at a CAGR of 6.2% during the projected period.
• By 2032, the United Kingdom is likely to dominate the Europe retail glass packaging market, with a CAGR of 5.3%.
• The adoption of retail glass packaging in Europe increased at a 2% CAGR between 2018 and 2022, citing FMI's study.
• The adoption of retail glass packaging in MEA increased at a 2.7% CAGR between 2018 and 2022, citing FMI's study.
• Poland's retail glass packaging market is expected to expand at a CAGR of 4.9% by 2032.
• Based on packaging format, the bottle segment is likely to lead the Europe market with a CAGR of 5% by 2032.
• Based on end use, the personal care & cosmetics segment is expected to dominate the Europe retail glass packaging with a CAGR of 6.2% by 2032.
• Europe offers an incremental opportunity worth USD 4,111.1 million between 2022 and 2032, while MEA has an incremental opportunity worth USD 1,561.0 million.

Competitors Utilizing Their Potential For Improved Market Share

The EMEA retail glass packaging market is predicted to experience significant start-up growth over the projection period. The primary factors causing the rise are the demand for high-quality and safe packaging, rising disposable incomes, and an expanding retail industry.

Due to the initiatives taken by various governments to promote the use of sustainable packaging materials, the industry expanded further. The growing popularity of e-commerce presents new opportunities for the EMEA retail glass packaging sector.

Key players

• O-I Glass, Inc.
• Ardagh Group SA
• Gerresheimer AG
• Schott AG
• Bormioli Rocco S.p.A.
• Vetropack Holding AG
• Vidrala SA
• Vitro Packaging, LLC
• Wiegand-Glas GmbH
• Heinz-Glas GmbH & Co. KGaA.
• Stölzle-Oberglas GmbH
• SGD Pharma
• MEG

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Recent Developments

• PepsiCo's product line includes a wide range of delicious meals and drinks, including a variety of illustrious brands with expected annual retail sales of more than $1 billion apiece.
• Beginning in May 2022, the Coca-Cola Europacific Partners (CCEP) brands Fuze Tea, Tropico, Sprite, Fanta, and Minute Maid are sold in France. They come in a standard 250 ml bottle that may be used in hotels, restaurants, and cafés-returned, cleaned, and replenished.

Key Segments

By Packaging Formats:

• Bottles
• Jars
• Vials
• Ampoules
• Syringes
• Cartridges
• Others

By Grade:

• Type I
• Type II
• Type III
• Type IV

By Capacity:

• Up to 50 ml
• 51 to 250 ml
• 251 to 750 ml
• Above 750 ml

By End Use:

• Food
• Beverages
• Personal Care & Cosmetics
• Pharmaceuticals
• Other Industrial

By Region:

• Europe
• The Middle East and Africa

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.