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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Glass Packaging Market Share
Soda lime glasses dominates the market due to its widespread use and cost-effectiveness, while borosilicate glass segment is expected to grow at the fastest rate
Soda lime glass is the most common type of glass used for packaging. It is relatively inexpensive to produce and has good clarity and strength. The soda lime glass segment dominates the market, driven by the widespread use of soda lime glass in a variety of end-use industries.
Borosilicate glass, on the other hand, is a type of glass that is highly resistant to thermal shock, chemicals, and corrosion. It is commonly used for laboratory glassware, pharmaceutical packaging, and high-end cookware. As per glass packaging market analysis, the borosilicate glass segment is expected to grow due to its superior properties and increasing demand from the pharmaceutical and laboratory industries.
De-alkalized soda lime glass is a type of glass that has a lower alkali content compared to standard soda lime glass. This makes it more resistant to chemical attack and corrosion. The de-alkalised soda lime glass segment is anticipated to grow due to the increasing demand for more durable and chemically resistant glass packaging, especially in the food and beverage industries.
Alcoholic beverages dominate the market, followed by the food and beverage, pharmaceutical, and household and personal care applications
The alcoholic beverage segment dominates glass packaging market share, accounting for the largest market share. This is driven by the growing consumption of alcoholic drinks, especially wine and beer, and the preference for glass packaging due to its ability to preserve the taste and aroma of the contents.
The food and beverage segment is the second-largest end-use industry for the market. Glass is widely used for packaging various food and non-alcoholic beverage products due to its inert nature, ability to maintain freshness, and high recyclability.
The pharmaceutical segment is also a key contributor to the market’s growth as glass is extensively used for packaging medicines, vaccines, and other healthcare products due to its superior barrier properties, chemical resistance, and ability to maintain product integrity.
Glass Packaging Market Report Snapshots
Glass Packaging Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the glass packaging market attained a value of approximately USD 68.49 billion.
The market is expected to grow at a CAGR of 4.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 100.86 billion by 2032.
The major drivers of the market include the growing eco-consciousness among the consumers, increasing disposable incomes, and growing pharmaceutical and personal care industries.
Key trends aiding market expansion include the growth of branded generics, changing lifestyle of consumers, and rising alcohol consumption.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Alcoholic beverage, food and beverage, pharmaceuticals, and household and personal care, among others, are the major applications of glass packaging in the market.
Borosilicate glass, de-alkalized soda lime glass, and soda lime glass are the leading glass types in the market.
Bottles, and jars, among others, are the major products of glass packaging in the market.
Key players in the market are Ardagh Group S.A., Couronne Co., Inc., Nihon Yamamura Glass Co. Ltd., Koa Glass Co., Ltd., PGP Glass Private Limited, The Dow Chemical Company, O-I Glass, Inc, Toyo Seikan Group Holdings Ltd, Gerresheimer AG, HEINZ-GLAS GmbH & Co. KGaA, Wiegand-Glas Holding GmbH, and Verallia Packaging, among others.
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