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Glass Container Market Size

Report ID: GMI6588
Published Date: Aug 2023
Report Format: PDF

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Glass Container Market Size

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.

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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.

Glass Container Market Report Attributes
Report Attribute	Details
Base Year:	2023
Glass Container Market Size in 2023:	USD 61.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4%
2032 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:	Growing food industry Growing pharmaceutical industry Growing cosmetics industry
Pitfalls & Challenges:	Competition from Alternative Materials Breakage and Fragility Weight and Transportation Costs

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.