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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.