Glass Container Market
Get a free sample of this report
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Request Sectional Data
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Glass Container Market size was valued at around USD 61.2 billion in 2023 and is anticipated to grow at a CAGR of 4% between 2024 and 2032. Glass containers offer excellent barrier properties that protect products from external contaminants, moisture, and gases, preserving their freshness and quality. This is crucial for food, beverages, pharmaceuticals, and other sensitive products.
Glass is a highly recyclable material, and its recyclability aligns with consumer and regulatory trends towards sustainable and eco-friendly packaging options. The demand for environmentally conscious packaging solutions drives the use of glass containers. Glass containers are often associated with premium quality and aesthetics. Consumers perceive glass packaging as elegant, upscale, and suitable for products that require a higher level of presentation, such as luxury goods and high-end beverages.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Glass Container Market size in 2023: | USD 61.2 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 4 |
| 2023 Value Projection: | USD 86.6 Billion |
| Historical Data for: | 2018 to 2022 |
| No of Pages: | 120 |
| Tables, Charts & Figures: | 136 |
| Segments Covered: | Type, End-use, Region |
| Growth Drivers: |
|
| Pitfalls Challenges: |
|
Glass containers face competition from other packaging materials like plastic, metal, and carton. Glass containers are fragile and prone to breakage during transportation and handling. Glass containers are heavier than some other packaging materials, leading to higher transportation costs. Thus, the risks associated with Glass container may drive down the acceptance rate, further hampering the business growth.
The demand for pharmaceutical products, including medications and healthcare supplies, increased due to the pandemic, affecting the demand for glass containers used for pharmaceutical packaging. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the business expansion in the upcoming years.
Consumers' increasing focus on sustainability has led to a growing demand for eco-friendly packaging solutions. Glass containers, being recyclable and reusable, align with these preferences, driving their popularity in the market. Glass containers are often associated with premium quality and aesthetic appeal. Brands are utilizing unique shapes, embossing, and innovative labeling techniques to create distinctive and visually appealing packaging that stands out on shelves.
Based on type, the glass container market is segmented as bottles, jars, carafes, others. Bottles held a majority market value of USD 21.7 billion in 2022. Glass bottles are commonly used for packaging beverages like water, carbonated drinks, juices, and alcoholic beverages. The demand is driven by the need to maintain product quality, hygiene, and brand differentiation. Moreover, an increasing usage will further accelerate the segmental growth.
Based on end-use, the glass container market is segmented as food & beverage industry, pharmaceutical industry, cosmetics & personal care industry, household & consumer goods industry, others. Food & Beverage Industry held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace through 2032. Glass containers are preferred for beverages like wine, spirits, and premium bottled water due to their non-reactive nature, which preserves the taste and quality of the contents.
U.S. dominated the North American region with majority glass container market share and a revenue of USD 11.8 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North American consumers are increasingly focused on sustainability and environmental responsibility. Glass containers, being highly recyclable and reusable, align with these preferences and drive demand.
Some of the major industry players operating in the glass container market are
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Glass container market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:
By Type
By End-use
The above information is provided for the following regions and countries:
Nippon Paper Industries Co., Ltd., Stora Enso, South African Pulp & Paper Industries, Mondi plc, ITC Limited, Smurfit Kappa Group, Oji Holding Corporation, International Paper Group, and Svenska Cellulosa Aktiebolaget are some of the major glass container companies worldwide.
U.S. glass container recorded USD 11.8 billion in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the rising consumer focus on sustainability and environmental responsibility in the region.
Glass container industry from the bottle type segment recorded USD 21.7 billion in 2022 and will witness significant growth from 2023-2032 on account of the surging need to maintain product quality, hygiene, and brand differentiation.
Market size for glass container was valued at USD 61.2 billion in 2023 and will reach USD 86.6 billion by 2032 due to the increasing regulations towards sustainable and eco-friendly packaging options worldwide.