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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Glass Packaging Market Analysis by Region
Asia Pacific leads the market due to its robust food and beverage and pharmaceutical industries
Asia Pacific is expected to be a significant market for glass packaging in the coming years, driven by the rising food and beverage industry and the growing alcohol consumption in the region. India and China are especially expected to drive the growth of the market aided by the robustly growing population of people who consume alcohol. Such emerging economies are expected to offset the maturing acholic beverage market in the West. The growth of the pharmaceutical industry in the Asia Pacific is also providing a healthy glass packaging market outlook due to the emergence of branded generic drugs in the region, particularly in India.
The growing shift from plastic to glass packaging, rising investments in technological advancements, and the growing focus on making the manufacturing process of glass packaging more sustainable are factors catalysing the market for glass packaging in Europe. Increasing industrialisation, particularly in countries like France and Germany, is expected to further drive the Europe glass packaging market. While Germany, France, and Italy are the major production hubs in the market, Eastern European countries like Poland and Turkey are expected to witness a significant growth in the coming years due to the rising beverage consumption and the growing trade opportunities with neighbouring countries.
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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