Glass packaging refers to containers, bottles, jars, and other receptacles made from glass used for storing various products such as food & beverage, pharmaceuticals, cosmetics, and more.
The demand for packaging by the food & beverage industry has rapidly expanded. This is attributed to the increase in urbanization and rise in younger population which is excessively dependent on packaged food as a result of their busy and contemporary lifestyles. Thus, companies have expanded their production capacities, to cater to the increase in demand for food & beverage. For instance, in March 2022, Nestle, one of the biggest producers of packaged food & beverage, announced a $675 million investment to construct a new beverage facility in Glendale, Arizona, the U.S. This factory is projected to produce high-quality packaged beverage to fulfill increase in consumer demand for its packaged products. Furthermore, 27.3% of population of India is aged between 15 and 29 years. Considering young people consume a significant amount of food & beverage, a large young population is expected to benefit the market for food & beverage packaging. For instance, in September 2021, PepsiCo which is a packaged food & soft drink company, commissioned its greenfield food plant in Mathura city of Uttar Pradesh state in India. The plant is built at a cost of $110 million.
Moreover, the cosmetics sector has grown substantially, in both developed and developing nations. This is largely attributed to the rise in consumer disposable income and a shift in consumer demand toward high-end beauty and cosmetic items. Apart from the quality of cosmetic products, the appearance of their packaging plays an important role in driving their sales. A majority of cosmetic items are packaged in jars, bottles, or tubes. Hence such a type of innovative packaging is expected to boost the growth of the glass packaging market.
The most common form of packaging is glass packaging along with paper and carton packaging, plastic film packaging, plastic boxes and containers, and metal packaging. There is an increase in the demand for packaged food along with rise in urban and millennial population, who consume packaged food due to their busy and modern lifestyles. In addition, cosmetic and personal care product industries have witnessed an increased demand in both developed and emerging countries. Since, food & beverage and cosmetic & personal care products industries are major end users of packaging, their growth has driven the growth of glass packaging market. In addition, developments in e-commerce and increase in domestic and international trade has played an instrumental role in driving the growth of the glass packaging market. However, government regulations against non-ecofriendly packaging are a major restraint in the growth of the market. Furthermore, the development of innovative glass packaging solutions is expected to provide lucrative opportunities for the growth of the market.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the glass packaging market report include Verallia SA, Vidrala, Taiwan Glass Industry Corporation Limited, BA Group, Gerresheimer AG, O-I Glass, Stoelzle Glass Group, PGP Glass Private Limited, Vitro Glass, Ardagh Group S.A.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the glass packaging market analysis from 2020 to 2032 to identify the prevailing glass packaging market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the glass packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global glass packaging market trends, key players, market segments, application areas, and market growth strategies.
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- Investment Opportunities
- Senario Analysis & Growth Trend Comparision
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- Market share analysis of players by products/segments
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- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
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- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- Product Consumption Analysis
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Glass Type
- Clear glass
- Coloured glass
By End User Industry
- Food and beverage
- Pharmaceutical
- Personal Care
- Other
By Packaging Type
- Bottles
- Jars
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Europe
- LAMEA
- Latin America
- Middle East
- Africa
- Verallia SA
- Taiwan Glass Industry Corporation Limited
- Gerresheimer AG
- BA Group
- Vitro Glass
- O-I Glass
- Ardagh Group S.A.
- Stoelzle Glass Group
- PGP Glass Private Limited
- Vidrala
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Table of Contents
Companies Mentioned
- Verallia SA
- Taiwan Glass Industry Corporation Limited
- Gerresheimer AG
- BA Group
- Vitro Glass
- O-I Glass
- Ardagh Group S.A.
- Stoelzle Glass Group
- PGP Glass Private Limited
- Vidrala
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 185 |
Published | December 2023 |
Forecast Period | 2020 - 2032 |
Estimated Market Value ( USD | $ 45505.5 million |
Forecasted Market Value ( USD | $ 77471.4 million |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |