Global Glass Packaging Market is expected to witness a positive CAGR of 5% and cross US$ 85 Bn by 2028: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Glass packaging is a mixture of various chemical materials such as silica, boric acid, sodium oxide, aluminium oxide, sodium carbonate, calcium oxide, and others. The type of glass product depends on the chemical material used in the manufacturing of glass. Among all the other packaging material types, glass is the only material that has been granted the FDA status of “GRAS”, Generally Recognized as Safe and therefore, considered as the trusted packaging type used for health, taste, and the environment. The Global Glass Packaging Market is expected to witness a positive CAGR of ~5% during the forecast period (2022-2028) and cross US$85 Bn by 2028, due to steady consumer demand for safe and healthier packaging. To Know More about this report, Download Free Sample Report The steady consumer demand for safe and healthier packaging acts as one of the major factors driving the growth of the glass packaging market. Furthermore, increasing demand from the pharmaceutical and personal care sector impacts the demand and therefore, boosts the growth of the glass packaging market. The increase in beer consumption throughout the world is one of the primary reasons driving market expansion. Beer is one of the alcoholic beverages that is packaged in glass bottles. According to a 2022 report published by Packmedia srl, the glass bottle continues to be the most widely used packaging for alcoholic beverages. This directly impacts the growth of the glass packaging market. In 2020, an independent consumer research survey, commissioned by Friends of Glass and the European Container Glass Federation (FEVE) was carried out across 13 European countries that revealed the changing preference of people to glass packaging as compared to 2018. According to European Container Glass Federations (FEVE), 162 manufacturing plants are distributed all over Europe, and container glass is an essential contributor to Europe’s real economy as it has created job opportunities along the total supply chain. One of the main challenges for the market is the increased competition from alternative forms of packaging, such as aluminium cans and plastic containers. As these items are lighter in weight than bulky glass, they are gaining popularity among manufacturers and customers. The high transportation costs associated with glass packaging products are the factor challenging the growth of the market. Glass has a density of approximately 2.6 g/cm3, which means a piece of glass the same size as a piece of plastic is almost three times heavier. If the packaging is shipped over a long distance, glass has a clear disadvantage. Not only is glass more expensive to ship and handle, but it also costs more to produce, primarily due to the amount of energy and extreme heat required during the production process. The ongoing Covid-19 led to a significant growth in the demand for glass packaging to be used in several end-use industries such as food and beverage, cosmetics, and pharmaceuticals. key players have also witnessed a surge in demand from consumers for glass packaging. The Covid-19 pandemic has positively impacted the market for glass packaging. The industry is witnessing increased demand from the food & beverage and pharmaceutical sectors, as the pandemic has led to a greater demand for medicine bottles, food jars, and beverage bottles. Moreover, during the pandemic, consumers recognized the sustainable benefits of glass packaging. In a survey of over 10,000 consumers from 10 countries by industry experts, glass and paper-based cartons were seen as the most sustainable, and multi-substrate packaging was viewed as the least sustainable. Key Trends by Market Segment By Glass Type: The Type 1 segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2021. The growth of this segment can be attributed to the inherent characteristics of Type 1 glass, making it ideal to be used as pharmaceutical glass packaging. Type 1 is the borosilicate glass, comprising 80% silica, and 10% boric oxide. The chemical materials used in this type of glass have good chemical resistance. Type 1 glass containers are widely used for pharmaceuticals as the properties exhibited by the materials used do not allow the container to react with any substance or solution kept inside it. Since 2020, the demand for glass-based vials is witnessing a spike owing to the increased COVID-19 vaccine production by companies. By Capacity: The 501-1000ml capacity segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2021. The reason behind the largest share of this segment is that majority of the alcoholic, as well as non-alcoholic beverages, are packed in 501-1000ml capacity bottles. 501-1000 ml glass bottles are multi-functional and are used in diverse end-use applications such as packing beer, wine, milk, water, juices, and many others. These bottles are used on a large scale in the healthcare and food and beverage industry, as the recycling rate of glass bottles is very high as compared to other packaging material types. For Instance, according to a data on plastic bottles recycling in the year, The Container Recycling Institute found that plastic bottles are recycled at a rate of 29%. In comparison to this, glass has a recycling rate of 37%. According to the 2022 Silicon Valley Bank State of the Wine Industry report, for the period of September 2020 through September 2021, approximately 55% of the wine was sold in 750 mL bottles. By Application / End User Segment: The Food and Beverage segment is estimated to hold the largest market share of the Global Glass Packaging Market in 2021. Glass packaging is used for a wide range of products such as bottled water, beer, coffee, soft drinks, dairy products, energy drinks, juice, sports drinks, tea, and wine & spirits. The rising premiumization of alcoholic beverages and the growing consumption of innovative alcoholic beverages like craft beer is projected to aid the market growth. By Geography: Asia Pacifica accounts for the largest share among all regions within the total Glass Packaging market. Asia-Pacific dominates the glass packaging market due to the increasing use of glass in various end-use industries including food and beverages, pharmaceuticals, and alcoholic beverages. The high availability of raw materials including silica and the presence of a huge consumer base in countries is responsible for the growing demand. The increasing consumption of alcoholic beverages is driving market growth in the region, owing to various investments and changing trends which in turn can stimulate the demand for glass bottles and containers in the region. Glass bottles and jars are 100% recyclable and can be recycled endlessly without any loss in purity or quality. Japan has been emphasizing recycling glass containers and bottles to reduce its carbon footprint and has built multiple glass recycling plants across the country. Currently, it has over 18 glass recycling plants accepting glass bottles and containers to form glass culets and powder. The robust recycling infrastructure, in a way, promotes the use of glass packaging due to its functional property advantages. In Europe, Germany, France, and Italy are the major production hubs for glass whereas, Eastern European countries like Poland and Turkey are expected to witness significant growth in the coming years due to rising beverage consumption and the growing trade opportunities with neighbouring countries. In North America and the Middle East and Africa, the rising pharmaceutical industry is pushing the growth of the regional markets. The steady growth in alcohol consumption in North America and Europe is projected to support the glass packaging industry growth. Visit this Link Request for a custom report Competitive Landscape The Global Glass Packaging Market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in food, beverages, cosmetics, pharmaceuticals, household, personal care, and others, for end-user industries. Most of the country-niche players are the suppliers of raw materials used for making glass. Large global players control about 15% of the market, while regional players hold the second largest share. Some of the major players in the market include Amcor Plc, Piramal Glass Private Limited, Owens-Illinois Inc., Ardagh Group S.A., HEINZ-GLAS GmbH & Co. KGaA, Gerresheimer AG, Vetropack Holding AG, Bormioli Rocco SPA, Vidrala S.A., Saint Gobain S.A., Koa Glass Co., Ltd., among others. The leading global specialist companies such as Piramal Glass Private Limited, HEINZ-GLAS GmbH & Co. KGaA, Bormioli Rocco SPA, and Gerresheimer AG are highly focused on providing a significant number of glass packaging products that can be used across food and beverages, cosmetics, and more. Recent Developments Related to Major Players and Organizations In June 2022, Berlin Packaging, a U.S.-based supplier of hybrid packaging acquired Verrerie du Comtat, a leading manufacturer of glass packaging for wine and olive oil markets. The acquisition strengthened the company’s strategic positioning in the alcoholic beverages markets. In May 2021, The HEINZ-GLAS Group set up a new glass melting furnace at its Kleintettau, Germany, location. The new plant was set up with an investment of around USD 17.74 Mn. The new capacity plant is equipped with electric furnaces that can produce high-quality perfumery glass, clear glass with a high PCR cullet content as well as opal glass. In August 2021, Owens-Illinois in partnership with James City County announced a new pilot program for glass recycling. The program works on setup of glass-only recycling containers at several locations throughout the County. The glass collected in these containers is taken to the Toano plant of Owens-Illinois in the Hankins Industrial Park and processed into glass cullet. The material is then used to manufacture glass bottles. In April 2019 – SCHOTT invested USD 9.5 Mn in its pharmaceutical tubing production in Rio de Janeiro, as part of its global growth strategy. As the demand in the pharmaceutical industry increases, SCHOTT is contributing to manufacture 100% inspection of glass tubing to detect possible defects. Conclusion The Global Glass Packaging Market is forecasted to continue steady growth that is witnessed since 2017. The market is primarily driven by the Growing consumption of beverages and increasing demand for eco-friendly packaging products. Though the market is highly competitive with over ~250 participants, few global players control the dominant share and regional players also hold a significant share. Note: This is an upcoming/planned report, so the figures quoted here for market size estimate, forecast, growth, segment share and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients and report delivered within maximum 2 working weeks. Ken Research has published a report title Global Glass Packaging Market Size, Segments, Outlook and Revenue Forecast 2022-2028 That is segmented by Glass Type, Capacity, Packaging Type, Application, and Geography. In addition, the report also covers the market size for each of the five regions’ Glass Packaging Market. The revenue used to size and forecast the market for each segment is USD billion. Market Taxonomy By Glass Type Type 1 Type 2 Type 3 Others By Capacity Up to 50 ml 51 – 200 ml 201 – 500 ml 501-1000 ml Above 1,000 ml By Packaging Type Bottles Jars Flacons Tubular Glass Vials Others By Application / End User Segment Food & Beverages Cosmetics Pharmaceuticals Household Personal Care Others By Geography North America Europe Asia Pacific Latin America Middle East and Africa (LAMEA) Tags: Amcor Plc Food Glass Packaging Market, Ardagh Glass Packaging Market Revenue, Asia Pacific Glass Packaging Market, Bormioli Alcoholic Beverages Glass Packaging Market, Bottles Glass Packaging Market, Challenges in growth of Glass Packaging Market, Cosmetics Glass Packaging Market, Demand for Glass Packaging, Demand for glass packaging in consumers Sector, Distributors of Glass Materials, Emerging Companies in Glass Packaging Market, Europe Glass Packaging Market, Flacons Glass Packaging Market, Food and Beverages Glass Packaging Market, Gerresheimer Pharmaceuticals Glass Packaging Market, Glass Packaging Industry, Glass Packaging Market, Glass packaging products Market, Glass Packaging Raw Material Suppliers, Glass Packaging Sector, Jars Glass Packaging Market, Key Competitors in Glass Packaging Market, Leading Players in Glass Packaging Market, Major Companies in Glass Packaging Market, Middle East Glass Packaging Market, North America Glass Packaging Market, Personal Care Glass Packaging Market, Pharmaceuticals Glass Packaging Market, Piramal Glass Packaging Market Share, Premium glass packaging Market, Top Glass Packaging Companies, Tubular Glass Vials Glass Packaging Market