Global Glass Bottle and Container Market to Hit USD 110,017.6 Million by 2034 Amid Soaring Demand for Safe, Sustainable Packaging | FMI

In 2024, global sales for glass bottles and containers are expected to total USD 65,544.6 million, with forecasts suggesting a climb to USD 110,017.6 million by 2034, driven by a projected compound annual growth rate (CAGR) of 5.3% over the period. This indicates a notable advancement from the USD 62,234.5 million revenue recorded in 2023.

Consumers increasingly opt for on-the-go drinks, leading to an upsurge in demand for glass bottles. Glass is preferred by manufacturers and consumers alike due to its transparency and inert properties, which enhance its applications and contribute to the visual appeal of products.

The rise in demand for bottled beverages is a key factor driving the need for glass bottles and containers. Consumers are increasingly concerned about product safety and authenticity, leading manufacturers and brands to embrace glass bottles. The perceived safety of glass, with minimal risks of chemical interactions, aligns with consumers' preferences for a healthier lifestyle.

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The pharmaceutical industry's focus on generic medicines, coupled with the growing trend towards health and wellness, is expected to drive the adoption of glass bottles further. The inert and unreactive properties of glass make it a preferred choice for health and personal care products, ensuring the integrity of contents crucial for cosmetics and pharmaceuticals. The increased emphasis on visual appeal and product transparency draws consumer attention to glass packaging.

Key Takeaways from the Glass Bottle and Container Market

• Glass bottles lead the market and are estimated to gain 3/4th of market share by 2034, advancing at a CAGR of 5.2% over the forecast period.
• Type 1 borosilicate glass is estimated to account for a 46% value share and expand 1.5x times its current market value by the end of 2034.
• Type 3 regular soda lime glass is anticipated to create a significant incremental dollar opportunity worth US$ 14,004.6 million in the upcoming decade.
• Glass bottles and containers are prominently used in beverage packaging, which is expected to reach a valuation of US$ 38,977.5 million by the end of 2034.
• Asia Pacific is anticipated to gain an incremental opportunity of US$ 20,228.4 million by 2034.
• North America is expected to capture 28% of the market share in 2024 and reach a valuation of US$ 25,802.4 million by the end of 2034.

Premiumization and Brand Identity through Glass Bottles

Another driver shaping the market is the premiumization trend. High-end brands in segments such as alcoholic beverages, cosmetics, and specialty foods often prefer glass bottles for their aesthetic appeal, durability, and consumer perception of quality. For instance, luxury perfumes and aged whiskeys are predominantly housed in uniquely designed glass bottles that reflect their value.

Booming Alcoholic Beverage Sector Fuels Market Growth

The alcoholic beverage sector remains the dominant end-user of glass bottles, and this segment continues to witness growth due to rising global consumption of wine, beer, and spirits. As emerging economies experience income growth and lifestyle shifts, alcoholic beverage consumption patterns are evolving-especially in the Asia-Pacific and Latin American markets.

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Innovation in Lightweight and Durable Glass Designs

Modern manufacturers are investing in innovation to overcome traditional limitations of glass, such as fragility and weight. Advancements in lightweighting technology are enabling the production of glass containers that are stronger, thinner, and more efficient to transport. These innovations not only reduce material costs but also lower the carbon footprint associated with logistics.
Competitive Landscape: Glass Bottle and Container Market

Manufacturing businesses in the glass bottle and container sector create unique designs tailored to certain products or applications. Major market players are extending their presence and production capabilities, as well as transitioning to adopting and providing clients with sustainable solutions.

Recent Developments

• In November 2023, the company launched two new Boston Round bottles to its growing portfolio of American-made bottles.
• In October 2023, the Stoelzle Glass Group launched the Signature Collection, a Bespoke Line of Premium Spirits Bottles.
• In February 2023, Vidrala announced the acquisition of the Brazilian company Vidroporto, S.A., a Brazilian glass container manufacturer.

Key Companies in the Market

• Ardagh Packaging Group Plc
• Owens-Illinois Inc.
• Alpla Group
• Verallia Packaging SAS
• Aptar Group
• Vetropack Holding Ltd
• Stolzle Glass Group
• AGI Glasspack Ltd
• Hindustan National Glass & Industries Ltd
• Vitro SAB de CV
• Consol Glass (Pty) Ltd

Glass Bottle and Container Market Segmentation

By Product:

• Glass Bottle
o Sauce / Syrup Bottle
o French Square Bottle
o Boston Rounds Bottle
o Glass Jug
o Others (Rio rounds, woozy bottles, pill packer etc.)
• Glass Jar
o Mason Jar
o Hexagonal Glass Jar
o Paragon Glass Jar
o Straight Sided Jar
o Others (Facet jar, tempered round jar, etc.)
• Glass Vial
o Food Grade Vial
o Pharma Grade Vial
• Other Glass Bottles & Containers (Syringe, Ampoules, etc.)

By Material:

• Type 1 (Borosilicate Glass)
• Type 2 (Treated Soda Lime Glass)
• Type 3 (Regular Soda Lime Glass)
• Type 4 (General Purpose Soda Lime Glass)

By End Use:

• Cosmetic and Perfumery
o Perfumes
o Colour Cosmetics
• Pharmaceuticals
• Food Packaging
o Generic Food Packaging
o Specialty Food Packaging
• Beverage Packaging
o Alcoholic Beverage
o Non Alcoholic Beverage
• Food Storage
• Candles and Fragrance
• Others (Home & Personal Care, Specialty, and Craft Products)

By Region:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East & 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.