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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Glass Packaging Market Trends
The market is also being aided by the growing alcohol consumption in emerging economies. In developed markets, rising premiumisation of alcoholic beverages and the growing consumption of innovative alcoholic beverages like craft beer is projected to aid the glass packaging market growth. Furthermore, the expanding pharmaceutical industries in the Asia Pacific, North America, and the Middle East are further supporting market’s expansion as glass packaging is extensively used in the pharmaceutical industry due to its ability to keep the products sterilised and contamination-free.
The rising personal care industry is also propelling the market growth. The growing branded generics segment is further catalysing the market. With major market players optimising and investing in making their manufacturing process more sustainable and cost-efficient, the market for glass packaging is expected to witness a high CAGR in the coming years.
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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