About Glass Containers
Increased investment in the furnace refurbishment activity and improving recycling system will boost the global glass container market in the forecasted period. Glass container is a recyclable material manufactured with various type of raw materials such as sand, soda ash, limestone, and other ingredients. It is made by using processes including press and blow, blow-blow, and narrow neck press blow (NNPB). Glass containers are available in different sizes, colors, and shapes according to the consumer demand. Growing material and high utility price will trigger the growth opportunity for emerging countries. Recommendable growth in the packaging industry is a key driver for the global market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
CAGR | 15.96% |
The glass container market is projected to welcome new players in the upcoming years, owing to environment-friendly products, constant expansions in the construction industry coupled with growing consumer preferences for high-security features. The global market is anticipated to have a huge expansion by already established market players. Mergers and acquisition activities are estimated to be seen over the forecast period. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Glass Containers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Owens-Illinois Inc. (United States), Vidrala S.A (Spain), Ardagh Packaging Group Plc (United Kingdom), Hindustan National Glass & Industries Ltd (India), Vitro, S.A.B. De C.V. (Mexico), Consol Glass (Consol Holdings Limited) (South Africa), Amcor Ltd (Australia), Nampak Ltd (South Africa), Wiegand-Glass (Germany) and Gerresheimer Ag (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Toyo Glass Co Ltd (Japan), Piramal Glass (India) and AGI Glaspac (India).
Segmentation Overview
AMA Research has segmented the market of Global Glass Containers market by Type (Glass Bottle, Glass Jars, Glass Vials and Other), Application (Packaging, Tableware, Decorative Containers and Others) and Region.
On the basis of geography, the market of Glass Containers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Glass Containers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Color, the sub-segment i.e. Amber will boost the Glass Containers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Glass Type, the sub-segment i.e. Standard Glass Quality will boost the Glass Containers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Pharmaceuticals will boost the Glass Containers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Improved Emphasis on Eco-Friendly Goods and Worldwide Efforts against Plastic Pollution
Market Growth Drivers:
High Demand for Light Weight Glass due to Low Logistics Cost and high aesthetic value and Significant Growth in Alcoholic Beverages Industry
Challenges:
Fluctuations in Raw Material Prices As Well As Logistics
Restraints:
Easily Available Substitute like Plastics and Easy Breakage of Glass Container
Opportunities:
Huge Demand in Pharmaceuticals and Healthcare Sectors and Upsurge in Demand for Healthy and Organic Food Products in Developed As Well As Developing Countries
Market Leaders and their expansionary development strategies
In October 2023, Schott AG partnered with Corning Incorporated to develop and manufacture glass-ceramic substrates for semiconductor applications. This partnership signifies the growing importance of glass-ceramics in the semiconductor industry, offering an alternative to traditional silicon substrates. It could potentially lead to significant advancements in performance, miniaturization, and reliability of electronic devices.
In November 2023, Schott AG launched its Xensation upcycling glass, a sustainable material made from post-consumer glass waste. This is a significant development in the glass container industry, as it demonstrates a commitment to sustainability and reducing reliance on virgin materials.
Key Target Audience
Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions, Environment Support Agencies, Investment Banks and Private Equity Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.