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Latin America Glass Packaging Market Report and Forecast 2024-2032

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    Report

  • 215 Pages
  • December 2023
  • Region: Latin America
  • Expert Market Research
  • ID: 5926340
Latin America Glass Packaging Market Report and Forecast 2024-2032

Market Outlook

According to the report the Latin America glass packaging market is projected to grow at a CAGR of 4.8% between 2024 and 2032 to reach a value of about USD 11 billion by 2032 . Aided by the escalating demand for sustainable packaging solutions and the thriving beverage industry in the region, the market is expected to grow significantly by 2032.

Glass packaging, esteemed for its unparalleled ability to preserve the quality of products and its inherent sustainable properties, has been the mainstay of various industries, most prominently food and beverages. It is non-reactive, impermeable, and 100% recyclable, making it a preferred choice for brands aiming for both quality and sustainability.

A major factor driving the Latin America glass packaging market growth is the burgeoning beverage industry in the region. Countries like Brazil, Argentina, and Mexico boast a thriving alcoholic beverage scene, primarily for spirits like cachaça, tequila, and wine. Glass, owing to its ability to maintain the purity, flavour, and quality of these beverages, is the preferred packaging medium. Moreover, with the burgeoning craft beer trend in the region, small and medium-sized breweries are increasingly relying on glass bottles, further amplifying the demand.

As per the Latin America glass packaging market analysis, the burgeoning cosmetic and personal care industry in Latin America plays a significant role in augmenting the demand for glass packaging. Esteemed for its premium and luxurious aesthetic appeal, glass packaging is a favourite among cosmetic brands aiming to establish a high-end market presence.

Yet, beyond aesthetics and functionality, the eco-friendly properties of glass are a pivotal driver propelling the Latin America glass packaging market demand. With a global shift towards sustainable and recyclable packaging solutions, both producers and consumers in Latin America are leaning towards materials that align with environmental goals and can be part of circular economy. Glass, being 100% recyclable and having a significantly lower carbon footprint than many alternatives, fits this bill perfectly.

Furthermore, consumer awareness regarding environmental concerns grows and governments impose stricter regulations on single-use plastics, the shift towards more sustainable packaging solutions like glass will become more pronounced and further increase the Latin America glass packaging market size.

Market Segmentation

The market can be divided based on glass type, product, application, and region.

Market Breakup by Glass Type

  • Borosilicate Glass
  • De-Alkalised Soda Lime Glass
  • Soda-Lime Glass

Market Breakup by Product

  • Bottles
  • Jars
  • Others

Market Breakup by Application

  • Alcoholic Beverages
  • Food and Beverages
  • Household and Personal Care
  • Pharmaceuticals

Market Breakup by Country

  • Brazil
  • Mexico
  • Peru
  • Argentina
  • Colombia
  • Others

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Latin America glass packaging market. Some of the major players explored in the report are as follows:
  • O-I Glass, Inc.
  • Silgen Plastics
  • Crostar Tabletop S.A.S.
  • Verallia
  • PGP Glass
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot7 Opportunities and Challenges in The Market
8 Latin America Glass Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Glass Packaging Historical Market (2018-2023)
8.3 Latin America Glass Packaging Market Forecast (2024-2032)
8.4 Latin America Glass Packaging Market by Glass Type
8.4.1 Borosilicate Glass
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 De-Alkalized Soda Lime Glass
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Soda-Lime Glass
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Latin America Glass Packaging Market by Product
8.5.1 Bottles
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Jars
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Latin America Glass Packaging Market by Application
8.6.1 Alcoholic Beverages
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Food and Beverages
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Household and Personal Care
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Pharmaceuticals
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.7 Latin America Glass Packaging Market by Country
8.7.1 Market Share
8.7.1.1 Brazil
8.7.1.2 Mexico
8.7.1.3 Peru
8.7.1.4 Argentina
8.7.1.5 Colombia
8.7.1.6 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Mexico
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Peru
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Argentina
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Colombia
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat Of New Entrants
10.2.4 Degree Of Rivalry
10.2.5 Threat Of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Glass Packaging Materials and Its Impact on Cost of Recycled Materials12 List of Major Suppliers of Glass Packaging Materials
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 O-I Glass, Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Silgen Plastics
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Crostar Tabletop S.A.S.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Verallia
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 PGP Glass
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
List of Figures and Tables
1. Latin America Glass Packaging Market: Key Industry Highlights, 2018 and 2032
2. Latin America Glass Packaging Historical Market: Breakup by Glass Type (USD Million), 2018-2023
3. Latin America Glass Packaging Market Forecast: Breakup by Glass Type (USD Million), 2024-2032
4. Latin America Glass Packaging Historical Market: Breakup by Product (USD Million), 2018-2023
5. Latin America Glass Packaging Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Latin America Glass Packaging Historical Market: Breakup by Application (USD Million), 2018-2023
7. Latin America Glass Packaging Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Latin America Glass Packaging Historical Market: Breakup by Country (USD Million), 2018-2023
9. Latin America Glass Packaging Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Latin America Glass Packaging Market Structure

Companies Mentioned

  • O-I Glass Inc.
  • Silgen Plastics
  • Crostar Tabletop S.A.S.
  • Crostar Tabletop S.A.S.
  • PGP Glass

Methodology

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