How Has The Container Glass Market Size Evolved Historically?
The container glass market has seen considerable growth due to a variety of factors.
• The size of the container glass market has experienced significant growth in the past few years. The market is expected to rise from the value of $42.91 billion in 2024 to reach $45.37 billion in 2025, marking a compound annual growth rate (CAGR) of 5.7%.
The expansion observed during the historical period could be ascribed to multiple factors such as heightened demand for glass packaging, growth of the pharmaceutical sector, the sway of glass packaging in the cosmetic and personal care segment, firm regulations that favor sustainable and recyclable packaging, and a surge in global trade and shipping.
What Will Be The Container Glass Market Size In The Future?
The container glass market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the container glass market is anticipated to experience a consistent growth in the succeeding years, reaching a value of $54.26 billion in 2029 with a compound annual growth rate (CAGR) of 4.6%.
The projected growth during this period can be linked to increased demand for sustainable and environmentally friendly packaging, expansion in the e-commerce industry, rising inclination towards glass for premium and luxury product wrapping, adoption of innovative and lightweight glass manufacture technologies, and amplified use of glass in the pharmaceutical sector. During the forecast period, key trends such as the implementation of smart glass packaging with RFID and QR code technologies, customization of glass packaging for brand distinction and consumer attractiveness, recycling of glass in container fabrication to advocate circular economy, incorporation of augmented reality (AR) in glass packaging for interactive consumer engagement, and alliances between glass producers and tech firms for inventive packaging solutions would be observed.
What Are The Key Drivers Fueling Growth In The Container Glass Market?
The burgeoning need for quick-to-sell consumer items and liquor is predicted to stimulate expansion in the container glass industry. Factors such as heightened awareness, easy accessibility, evolving lifestyles, increasing income levels, among others, are contributing to a rise in the need for quick-to-sell consumer items and alcohol. This escalating demand will further power the need for container glass due to its effectiveness and safety when packaging these products. Non-perishable items like FMCG goods and alcoholic drinks require packaging like container glass, which can shield against physical damage from exposure to sunlight, dust, temperature variations, and pollutants. Furthermore, container glass ensures preservation of nutritional value by preventing protein denaturation and fat oxidation owing to its neutral reaction properties. For example, as per the India Brand Equity Foundation (IBEF) in October 2023, the revenue from FMCG sales in India could see a rise of 7-9% in 2022-23. In the same vein, India's FMCG industry observed a volume growth of 7.5% in the second quarter of 2023, the maximum in the last eight quarters, spurred by improvement in rural areas and a faster-moving modern trade. As such, the climbing demand for quick-to-sell consumer items and alcoholic beverages will spur the expansion of the container glass industry.
What Are The Principal Market Segments In The Global Container Glass Industry?
The container glass market covered in this report is segmented –
1) By Glass Type: Borosilicate-Based, Soda-Lime-Silica-Based
2) By Forming Method: Blow And Blow, Press And Blow, Narrow Neck Press And Blow
3) By End User: Food And Beverages, Cosmetics And Personal Care, Pharmaceuticals, Chemical, Other End-Users
Subsegments:
1) By Borosilicate-Based: Laboratory Glassware, Food And Beverage Containers, Pharmaceutical Packaging
2) By Soda-Lime-Silica-Based: Food And Beverage Bottles, Jars And Jugs, Pharmaceutical Containers
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Which Emerging Market Trends Are Altering The Container Glass Sector?
The trend of product innovation is becoming increasingly significant within the container glass market. Advancements such as the development of safety-coated and antibacterial food storage glass containers are emerging in the market, serving as a sustainable and safe substitute for traditional glass containers. Glass containers coated in plastic offer improved safety when handling volatile liquids due to their increased grip and lower risk of breaking. Antibacterial glass containers for food storage utilize a nanotechnology-driven anti-microbial substance known as Germ Guard, which inhibits and eliminates the growth of harmful bacteria, fungi, and molds. Major market players are refining these containers to provide distinct advantages and consolidate their position in the market. For example, in August 2023, Revino Inc., an American firm specializing in reviving glass bottles, introduced a comprehensive reusable glass bottle system. Designed for repeated re-use without undermining quality or durability, these bottles can lessen emissions by up to 85% compared to one-time use bottles and can be refilled as many as 50 times, offsetting their carbon emissions after only the third refill.
Who Are the Key Players in the Container Glass Market?
Major companies operating in the container glass market include:
• Ardagh Group SA
• Amcor PLC
• Consol Glass Ltd
• Owens-Illinois Inc
• Saverglass Group
• FrigoGlass
• Vidrala SA
• Central Glass Co
• Vitro
• Hindusthan National Glass & Industries Ltd
• Gerresheimer AG
• Verallia
• Vetropack Group
• AGI Glasspack Ltd
• Bormioli Rocco
• Stoelzle Glass Group
• Piramal Glass Private Limited
• HEINZ-GLAS GmbH & Co
• Koa Glass Co Ltd
• Nihon Yamamura Glass Co Ltd
• O-I Glass Inc
• PGP Glass Limited
• Toyo Seikan Group Holdings Ltd.
• Zwiesel Glas Group
What are the Regional Insights into the Container Glass Market?
Asia-Pacific was the largest region in the container glass market in 2024.The regions covered in the container glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
