Demand For Glass Packaging in Consumers Sector — Ken Research
Global Glass Packaging Market By Geography
The Global Glass Packaging market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Asia Pacific 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 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.
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 the rising beverage consumption and the growing trade opportunities with neighboring countries.
To Know More about this report, download a Free Sample Report
Competition Scenario In Global Glass Packaging Market
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.
What is the Expected Future Outlook for the Overall Global GLASS PACKAGING Market Across the globe?
The Global Glass Packaging market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Glass Packaging market is driven by increasing demand from the pharmaceutical and personal care sector. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing investments and mergers, the Global Glass Packaging market is changing rapidly. For instance, 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.
Furthermore, 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.
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.
Key Topics Covered in the Report: –
- Snapshot of Global Glass Packaging Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Glass Packaging Market
- Historic Growth of Overall Global Glass Packaging Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Global Glass Packaging Industry
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- Covid-19 Impact on the Overall Global Glass Packaging Market
- Future Market Forecast and Growth Rates of the Total Global Glass Packaging Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Global Glass Packaging Market
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Leading Companies Mentioned in the Report
- 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.
Notable Emerging Companies Mentioned in the Report
- Remark Glass
- AeroAggregates of North America, LLC
- Evolution Glass
- Röchling
- iQRenew
- Green Gen Technologies
- Crestani s.r.l.
- Stolzle-Oberglas GmbH
Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022-2028F
For more insights on the market intelligence, refer to the link below:-
Leading Players in Glass Packaging Market
Follow Us:
