Global Glass Packaging Market Overview:
Glass is considered as the most commonly used packaging material in diverse industries, such as pharmaceutical, food, and beverage, etc. Glass has an impervious and non-porous in nature so there is no interaction between the glass and the product packed inside it. Additionally, Glass packaging is considered as the trusted form of packaging for health, taste, and environmental safety. Furthermore, key factors such as the rising demand for eco-friendly products, high demand from the food and beverage market are propelling the market growth of glass packaging.
As per latest study released by AMA Research, the Global Glass Packaging market is expected to see growth rate of 4.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Food and Beverage Sector with Rising Consumption of Electronics and Recyclable Nature of Glass Makes it Environment-Friendly and the Desired Type
Market Growth Drivers:
Growing Consumption of Alcohol & Beer Consumers, Increasing Disposable Income Coupled with rising Substantial Growth in Emerging Economies and Easy Availability of Raw Materials for Glass Packaging
Challenges:
Rising Consumption of Plastic usage and its effect on the Environment
Restraints:
Presence of Substitute Materials such as Plastics & Paper
Opportunities:
Growing E-commerce Industry & Rising new Market Strategies by the Manufacturers
Competitive Landscape:
The Global Glass packaging market is fragmented with several Players who are investing heavily on research and development and at the same time equally on marketing their new glass packaging products. Additionally, companies are also vigilant about small players introducing new products, and are keen on acquiring them to create over competitors. For instance, CVC Capital Partners along with BA Glass is having plans to buy Anchor Glass Container Corp. for USD1 Billion.
Some of the key players profiled in the report are Bormioli Rocco SpA (Italy), Amcor Limited (Australia), Saint Gobain (France), Gerresheimer AG (Germany), Owens-Illinois Inc. (United States), Ardagh Group (Ireland), Hindusthan National Glass & Industries Limited (India), The Kraft HEINZ Group Company (United States) and Koa Glass Co. Ltd. (Japan). Additionally, following companies can also be profiled that are part of our coverage like Tamron Co. Ltd. (Japan), Piramal Glass Limited (India), Stolzle-Oberglas GmbH (Australia) and China Glass Holdings Limited. (China). Analyst at AMA Research see Global Vendors to retain maximum share of Global Glass Packaging market by 2030. Considering Market by End users, the sub-segment i.e. Food will boost the Glass Packaging market.
Latest Market Insights:
On September 15, 2023, Owens-Illinois announced the acquisition of Berlin Packaging's pharmaceutical glass business, strengthening its position in the healthcare packaging market.
On November 21, 2023, OI Glass introduced its "Infinity" line of infinitely recyclable glass bottles, designed to address concerns about circularity and resource preservation.
What Can be Explored with the Glass Packaging Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glass Packaging Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glass Packaging
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Glass Packaging market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Glass Packaging market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Glass Packaging Manufacturers, Industry Associations, Marketing firms, Traders, Distributors & Suppliers, Potential Investors and Government and Regulatory Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.