Latin America Glass Packaging Market Report and Forecast 2024-2032

Latin America Glass Packaging Market Outlook

The Latin America glass packaging market size is expected to grow at a CAGR of 4.80% during the forecast period of 2024-2032, owing to the rising consumer demand for safe and hygienic packaging.

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Key Trends in the Market

Glass is regarded as an excellent material for product packaging since it lowers the chance of contamination and safeguards the contents from harm. Glass packaging is a type of rigid packaging that helps to protect the contents by covering it with glass materials in a variety of densities, sizes, and shapes. There are various forms of glass packaging that are available in the market including containers and bottles, among others. The texture, content, and flavour of the substance in the glass container are unaffected by these glass itself. 

• The growth of the Latin America glass packaging market is being accelerated with the increasing acceptance of glass packaging among consumers as one of the most reliable forms of packaging for health, taste, and environmental safety.

• Development of cutting-edge techniques for embossing, shaping, and applying artistic finishes to glass are also increasing their demand among manufacturers as unique designs can be implemented in the glass packaging for brand differentiation.

• The Latin America glass packaging market is also being influenced by the rise in demand for environmentally friendly goods, the surge in demand from the food and beverage industries, and the preference for lightweight glass due to its higher stability and lower CO2 emissions.

• Additionally, the market for glass packaging is being positively impacted by the recyclable nature of glass, the strong demand for beer, soft drinks, and ciders, changing lifestyles, urbanisation, and an increase in consumer disposable income.

Latin America Glass Packaging Market Analysis

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Based on glass type, the market is segmented into borosilicate glass, de-alkalized soda lime glass, and soda-lime glass. The market is divided on the basis of product into bottles, and jars, among others. Based on application, the market is segmented into alcoholic beverages, food and beverages, household and personal care, and pharmaceuticals. The major countries for glass packaging in Latin America can be divided into Brazil, Mexico, Peru, Argentina, and Colombia, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America glass packaging market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• O-I Glass, Inc.

• Silgen Plastics

• Crostar Tabletop S.A.S.

• Verallia

• PGP Glass

• Others

Market Share by Glass Type

During the forecast period, the borosilicate glass segment is anticipated to increase significantly due to its excellent chemical composition, thermal shock resistance, high strength, and extreme durability. Also, borosilicate glass can endure a range of temperatures, making it ideal for packaging purposes, particularly for the pharmaceutical industry's need to store medicines at low temperatures. This quality also gives it significant momentum in the personal care and food and beverage sectors. Due to these benefits, borosilicate is becoming more and more popular, which is anticipated to boost the expansion of the Latin America glass packaging market.

De-alkalized soda lime glass ensures that the ionic strength or pH value of the substance is not impacted during storage, making it ideal for vials that carry therapeutic fluids like vaccinations, blood, and plasma.

Market Share by Application

The applications of glass packaging for alcoholic beverages is anticipated to witness fast growth in the upcoming years. The demand for glass packaging of alcoholic beverages is anticipated to be boosted by factors such as the expanding availability of bottles in a variety of sizes in the retail market and innovations in design and chemical composition that result in lighter glass bottles. The vast majority of beer is sold in glass bottles, necessitating higher production rates in the glass packaging sector. The popularity of glass bottles is also being fuelled by the rising demand for premium versions of alcoholic beverages, thus aiding the Latin America glass packaging market. 

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Competitive Landscape

O-I Glass, Inc. is a container glass manufacturer with its corporate headquarters in Ohio in the United States. It ranks as the largest producer of glass containers and is one of the world's top producers of packaging goods. The company manufactures a range of glass bottles for the food, beverage, personal care, and other relevant industries.

Verallia, with its headquarters in France, is a leading manufacturer of glass packaging for foods and beverages worldwide. The company focuses on reinventing how glass is produced, used, and recycled so that it will be the most environmentally friendly type of packaging available. It produces 16 billion glass bottles and jars annually to service 10,000 businesses, ranging from small local family producers to well-known global brands. 

PGP Glass, an international leader in the design, manufacture, and decoration of premium glass packaging, has its worldwide headquarters in Mumbai, India. It is a market leader for glass packaging solutions for industries including pharmaceutical, cosmetics and fragrance, and speciality food and beverage. The business has facilities specifically designed to provide high-end glass decoration services such printing, hot-foil stamping, coating, frosting, decal, fitting gluing, and metallisation.

Other market players include Silgen Plastics, and Crostar Tabletop S.A.S., among others.

Key Highlights of the Report