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Glass Packaging Market Size

Report ID: GMI1988
Published Date: Nov 2022
Report Format: PDF

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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.

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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.

Glass Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2022
Glass Packaging Market Size in 2022:	55.5 Billion (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.5%
2032 Value Projection:	88.3 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	275
Tables, Charts & Figures:	262
Segments covered:	Product, Application, and Region
Growth Drivers:	Increasing beer consumption in emerging economies will boost demand for glass bottles. Rising demand for glass packaging in pharmaceutical industry. Growing consumption of packaged foods will benefit glass packaging market growth.
Pitfalls & Challenges:	Growing popularity of plastics as packaging material.

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Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

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.

Europe glass packaging market valuation is expected to surpass USD 27 billion by 2032 on account of favorable sustainability trends in the region, especially with the region being one of the largest manufacturers and users of food and beverage packaging.

Some of the major manufacturers operating in the glass packaging are Consol Specialty Glass (Pty) Limited, Ardagh Group, Hindusthan National Glass & Industries Ltd, Gerresheimer AG, Heinz-Glas GmbH, Owens-Illinois Inc, Nihon Yamamura Glass Co Ltd., Saint-Gobain S.A., Amcor Ltd, Stolzle-Oberglas GmbH, and others.

Alcoholic beverage (excluding beer) segment of the glass packaging is projected to record more than 4.5% CAGR over 2023-2032, fueled by the rising consumption of alcohol across the globe.