Glass is nonporous, impermeable and it doesn’t react with most of the products packed in it; ensuring that the products inside a glass bottle keep their strength, aroma, and flavor to affect the flavor of packaged products. Glass is the trusted packaging for health, taste and the environment.
Glass is 100% recyclable. When recycled glass doesn’t lose its quality or purity. An estimated more than 75% of used glass bottles are used for new glass bottle manufacturing.
Glass is widely used for alcohol beverages packaging and food packaging in the world. Overall performance of glass bottle packaging is closely related to performance of alcohol industry. Increasing beer industry in European countries will show significant growth in glass bottle packaging. Middle East is expected to witness growth in pharmaceutical glass bottle packaging in upcoming years.
Asia-Pacific region has higher market share in overall glass packaging market by volume. Developing regions in Asian market were responsible for growth in glass bottle packaging market. A growing middle class disposable income as well as increasing consumer base in South East Asia contributed to increasing demand of glass bottles.Asia Pacific is one of the major emerging markets globally for glass packaging. Asia Pacific was the largest market for glass bottle packaging in 2020.
Glass bottle packaging market was valued at US$ 64.31 Bn in 2020 and is expected to reach US$ 74.7 Bn by 2029, growing at a CAGR of 4.5% during the forecast period 2021-2029.
Purpose of the Report
The purpose of this strategic research study titled “Glass bottle packaging market - Growth, Share, Opportunities, and Competitive Analysis, 2018 – 2029” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the glass bottle packaging market.
Target Audience
USP and Key Offerings
The report titled “Glass bottle packaging market - Growth, Share, Opportunities, and Competitive Analysis, 2018 – 2029” offers strategic insights into the Glass bottle packaging market along with the market size and estimates for the duration 2018 to 2029. The said research study covers in-depth analysis of multiple market segments based on types of application and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading glass bottle manufacturers, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
Overall, the research study provides a holistic view of the glass bottle packaging market, of growth, offering market size and estimates for the period from 2018 to 2029, keeping in mind the above mentioned factors.
Overall performance of glass packaging industry is closely related to alcohol beverages industry. Alcohol beverages packaging contributes to more than 50% of volume share of global glass packaging industry.The segment is expected to witness significant growth over the forecast period.F&B sector is expected to increase usage of PET packaging resulting to reduce its share in global glass bottle packaging. Increasing demand of pharmaceutical sector in Asia Pacific, North America and European countries.Cosmetics and personal care packaging segment is mainly driven by increasing demand of global perfume and cosmetic glass bottles. Global cosmetics and personal care packaging was valued US$ XX Bn 2020, contributing XX% share of global glass packaging. In upcoming years strong demand from luxury glass packaging, cosmetics and personal care packaging will stimulate the growth of this segment.
Packaging is indeed a very important aspect related to the product adding value tothe final product by improving the overall aesthetics and image of the product.Container glass industry faces tremendous challenges due to growing popularity oftetra pack and PET bottles. Though segments like F&B and pharmaceuticalswhich was predominantlydominated by glass are being replaced by tetra packs for many mid category brands, increasing use of glass packaging in these segments is a significant factor driving this market.
Asia Pacific is one of the major emerging markets globally for glass packaging. Asia Pacific represents largest market globally followed by Europe in 2020. China represents the largest market for glass bottle packaging globally.End-use industries including alcoholic beverages, F&B and pharmaceuticals in India and China are expected to show significant growth in upcoming years resulting high demand for glass packaging from the region. Middle East is anticipated to show significant growth in cosmetics and personal care packaging due to rising expenditure on cosmetics and personal care products.
Increasing beer industry in European countries will show significant growth in glass bottle packaging. Middle East is expected to witness growth in pharmaceutical glass bottle packaging in upcoming years.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Glass Bottle Packaging market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
