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Glass Packaging Market - By Product (Borosilicate, De-alkalized Soda Lime, Soda Lime), By Application (Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals), By Region & Global Forecast, 2023 – 2032

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Glass Packaging Market Size

Glass Packaging Market size surpassed a valuation of over USD 55 billion in 2022. Driven by a steadily increasing demand for glass packaging from the pharmaceutical sector, the market is anticipated to grow at over 4.5% CAGR from 2023 to 2032.
 

Glass Packaging Market

Cosmetics and beauty sector widely uses glass packaging for its products due to the inert and impermeable nature of glass. The glass packaging prevents contamination and offers protection to its contents while also ensuring a long shelf life. This is an important factor for beauty brands as personal care and cosmetic products are a part of customers’ daily health as well as hygiene regime and poor packaging can prove detrimental to customer retention.
 

Rising popularity of plastic for packaging may hamper glass packaging market expansion

Glass has conventionally been used across a wide range of industries for packaging purposes. However, rising demand for lightweight materials that offer benefits similar to glass without its drawbacks, has given rise to plastic packaging. Plastics have the ability to be molded into different shapes and sizes while still being light in weight. Moreover, unlike glass, plastics also offer manufacturers the flexibility to control the thickness of the packaging wall, vastly increasing the scope of applications for the material in comparison to glass. This is likely to hold back industry growth through the analysis period.
 

Glass Packaging Market Analysis


Glass Packaging Market By Product

On the basis of product, glass packaging market is classified into borosilicate, soda lime glass, and de-alkalized soda lime glass. Borosilicate segment is poised to surpass USD 22 billion by 2032, fueled by the material’s high resistance to chemical composition and extreme durability, borosilicate possesses ten times the strength of soda-lime glass. Borosilicate glass can also handle varying temperatures, making it ideal for packaging uses, especially for storing products at low temperatures in the pharmaceutical industry. This characteristic also allows it substantial traction in the food and cosmetics sectors.
 


Glass Packaging Market By Application

Based on application, alcoholic beverages (excluding beer) segment is anticipated to register over 4.5% CAGR over 2023-2032. Segment growth is slated to be fueled by the steadily growing consumption of alcohol across the globe. Glass is a highly preferred packaging material for alcohol, especially with the growing availability of different bottle sizes and shapes in the retail market. Another major factor proliferating demand is innovation in design as well as chemical composition, which has led to the reduced weight of glass bottles.
 


Glass Packaging Market By Region

Europe glass packaging market valuation is poised to exceed USD 27 billion by 2032. Europe is one of the largest manufacturing regions for the industry, housing some of the largest producers and users of food and beverage packaging. According to a survey commissioned by the European Container Glass Federation (FEVE), nearly 8 out of 10 consumers in the region believe glass to be a fit material for the future, given its recyclability and health benefits. This, along with Europe’s solid glass recycling rates points to a favorable growth environment for the market.
 

Glass Packaging Market Share

Some leading glass packaging industry players include:

  • Amcor Ltd
  • Ardagh Group
  • Consol Specialty Glass (Pty) Limited
  • Gerresheimer AG
  • Hindusthan National Glass & Industries Ltd
  • Heinz-Glas GmbH
  • Nihon Yamamura Glass Co Ltd.
  • Owens-Illinois Inc
  • Saint-Gobain S.A.
  • Stolzle-Oberglas GmbH

Many firms have undertaken mergers and acquisitions to enhance production capacities and expand regional footprint in recent years.
 

Impact of COVID-19 Pandemic

Covid-19 lockdown saw many non-essential industries halting production, with glass packaging being one among them. Many packaging industry players saw their profits dropping due to low demand and supply chain issues. With soaring energy process and supply chain challenges still plaguing the market, the cost of glass bottles have risen astronomically over the last two years. In fact, many wine suppliers in the UK are expecting glass prices to surge another 45-70% this year, due to rising energy costs.
 

Glass-making facilities need to operate all day, and take months to restart if shut down, which means that any disruption will lead to a severe interruption in manufacturing and supply. However, with the world slowly coming out of the aftershocks of the pandemic, the industry is expected to stabilize itself and chart a steady growth trajectory.
 

The glass packaging market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD Million from 2018 to 2032 for the following segments:

By Product

  • Borosilicate
  • De-alkalized soda lime glass
  • Soda lime glass

By Application

  • Alcoholic Beverages
  • Beer
  • Food & Beverages
  • Pharmaceuticals

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • GCC

 

Authors: Kiran Pulidindi, Hiralkumar Patel
Frequently Asked Question(FAQ) :
What is the global glass packaging market worth?
In 2022, the global market size for glass packaging held a valuation of over USD 55 billion and is anticipated to register over 4.5% CAGR between 2022 to 2032.
How will the alcoholic beverages segment drive glass packaging industry revenues through 2032?
Why will the Europe glass packaging industry show strong growth through 2032?
Who are some of the leading players in the glass packaging business?
Glass Packaging Market Scope
  • Glass Packaging Market Size
  • Glass Packaging Market Trends
  • Glass Packaging Market Analysis
  • Glass Packaging Market Share
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    Premium Report Details

    Base Year: 2022

    Companies covered: 15

    Tables & Figures: 262

    Countries covered: 20

    Pages: 275

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