Press release
United States Glass Packaging Market: 4.3% CAGR to US $83.4 Billion Forecast - 2024-2031 | Major Companies - Ardagh Group SA, Toyo Seikan Group Holdings Ltd, O-I Glass Inc, Aptar Group Inc
Market Size and Forecast:Global Glass Packaging Market reached US$ 61.5 billion in 2023 and is expected to reach US$ 83.4 billion by 2031, growing with a CAGR of 4.3% during the forecast period 2024-2031.
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Key Development:
USA Developments
Q3 2025 (Capacity Rationalization): O-I Glass began operations at its new modular MAGMA plant in Bowling Green, Kentucky, its first new U.S. facility in two decades, while simultaneously evaluating the closure of at least 7% of its total global capacity by mid-2025 to reduce excess inventory.
September 2025 (Consumer Trend): U.S. consumers continued to rank glass as the most sustainable packaging material in surveys, boosting the vials and ampoules (Type I Borosilicate) segment as pharmaceutical companies invest in premium, inert packaging.
Japan Developments
Ongoing Trend (Jul-Sept 2025): The Japanese market saw increasing momentum for high-end glass packaging designs (especially for alcoholic beverages like sake and craft beer), driven by the strong consumer desire to associate glass with premium quality and aesthetic appeal.
Ongoing Trend (Jul-Sept 2025): The market continued to be shaped by Japan's "circular economy" policies, creating an enduring demand pull for glass (which is 100% recyclable) to meet environmental sustainability and waste reduction goals.
Glass packaging is a sustainable and inert material used to store food, beverages, and pharmaceuticals, preserving product purity and freshness. It is 100% recyclable, offers excellent barrier protection, and supports eco-friendly packaging solutions across industries.
Key Players:
Ardagh Group SA
Toyo Seikan Group Holdings Ltd
O-I Glass Inc
Aptar Group Inc
Verallia SA
Taiwan Glass Industry Corp
Vitro SAB de CV
Gerresheimer AG
Vidrala SA
BA Glass Group
Growth Forecast Projected:
The Global Glass Packaging Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Glass Packaging Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
➥ By Glass Type: Soda-lime, Borosilicate, De-alkalized Soda Lime
➥ By Raw Material: Limestone, Cobalt Oxide, Selenium, Dolomite, Others
➥ By Jar Size: 20-50 mL, 51-100 mL, 101-250 mL, 251-500 mL, Above 500 mL
➥ By Application: Pharmaceuticals, Alcoholic Beverages, Non-Alcoholic Beverages, Food, Personal Care & Beauty Products, Others
Regional Analysis for Glass Packaging Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Glass Packaging Market producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Glass Packaging Market revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ
What is the current size of the Glass Packaging Market?
A: In 2023, the Glass Packaging Market was valued at US$ 61.5 Billion, reflecting its strong industry presence.
Q2: How large is the Glass Packaging Market expected to be by 2031?
A: By 2031, industry forecasts suggest the Glass Packaging Market will grow to around US$ 83.4 Billion, demonstrating significant expansion.
Q3: What is the growth rate of the Glass Packaging Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2024 to 2031.
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