Global Container Glass Market – Industry Analysis and Forecast (2022-2029)

Container Glass Market was valued US$ 58.38 Bn in 2021 and is estimated to reach approximately US$ 87.25  Bn by 2029 at a CAGR of about 5.15% during a forecast.

The report has covered the market trends from 2017 to forecast the market through 2029. 2021 is considered a base year. Special attention is given to 2021 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.To know about the Research Methodology :- Request Free Sample Report
COVID-19 impact on market:
COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma.
Container Glass Market Dynamics:
Glass containers are the most favored containers for storing beverages, food, and pharmaceutical drugs as they reduce the possibility of leaching of harmful chemicals. Glass is a high recyclable material and possesses characteristics that make it a highly preferred packaging material. Recycling of glass saves many natural resources. It also decreases carbon dioxide emissions. The ability of glass containers to preserve the strength, aroma, and flavor of products makes them a favorable option for packaging food and beverages.

The alcoholic beverages industry is a noteworthy end-user of the global glass container market owing to manufacturers’ preference for selling alcoholic beverages in glass bottles. Glass is a multipurpose container that preserves the original taste of any drink without changing its quality. Glass containers are available in different colors, sizes, and shapes according to the existing demand. Glass container manufacturers are undergoing major changes to be more sustainable and increase customer preference for their products. The light weight of glass helps in decreasing the cost of logistics. Other drivers prompting the market include rise in demand for healthy and organic food products and increase in emphasis on using eco-friendly recyclable materials.

Global Container Glass Market is segmented by Application Type, by end-user type and by region. In terms of Application, Container Glass Market is segmented into Packaging, Tableware and Decorative Containers. In terms of end-user, Container Glass Market is segmented into Food & Beverage Packaging, Cosmetics Packaging, Healthcare Packaging, Consumer Applications Packaging, Chemical and Others. Geographically, Container Glass market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

In terms of Application, Packaging containers are the leading application segment of Glass containers. Tableware and decorative container followed the packaging container segment. Ceramic as substitute to glass hamper the growth of table ware segment.

In terms of end-user segment, Food and beverages segment is dominating the glass container market. The chemical industry accounted for second largest segment in the glass container industry. Growth in consumption of alcoholic beverages among the young individuals are driving the market for food & beverages industry. Owing to fact that glass containers are chemically inert and pure for packaging and longer storage stimulates the chemical industry segment followed by pharmaceutical industry.
Container Glass Market Segment Analysis:
On the basis of application type, the packaging segment held major shares of the global market in 2021 and also expected to remain major during forecast period of 2021-2029. The packaging segment held more than 37% shares in 2021 and estimated to grow with a CAGR of 6.02% during forecast period.
Global Container Glass Market Regional Analysis:
Asia Pacific dominated the glass containers market in 2021. Growth in consumption of alcoholic beverages across Asia Pacific countries such as India and China are the major growth driver of this market. Europe is the second largest region in the glass container market. Demand for containers in Europe is majorly driven by the East European countries such as Turkey, and Russia.

The objective of the report is to present a comprehensive analysis of the Global Container Glass Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Container Glass Market dynamics, structure by analyzing the market segments and project the Global Container Glass Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Container Glass Market make the report investor’s guide.
Container Glass Market, Key Highlights:
• Global Container Glass Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Container Glass Market

• Global Container Glass Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Container Glass Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Container Glass Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Container Glass Market are also profiled.
Scope of the Container Glass Market: Inquire before buying



Global Container Glass Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2021-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 55.53 Bn.


Forecast Period 2021 to 2029 CAGR:
5.15%
Market Size in 2029:
US $ 78.92 Bn.


 Segments Covered:
by Application Type
• Packaging
• Tableware
• Decorative Containers


by End-User Type
• Food & Beverage Packaging
• Cosmetics Packaging
• Healthcare Packaging
• Consumer Application s Packaging
• Chemical
• Other


by Glass Type
• Borosilicate-based
• Soda-lime-silica-based


by Forming Method
• Blow & Blow
• Press & Blow
• Narrow Neck Press & Blow



Container Glass Market, by Region:
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
• North America
Container Glass Market Key player
• Hindustan National Glass & Industries Ltd
• Nampak Ltd
• Amcor Ltd
• Toyo Glass Co. Ltd
• Consol Glass
• AGI Glaspac
• Saverglass Group
• Ardagh Packaging Group PLC
• Owens-Illinois Inc.
• Verallia
• Vidrala SA
• Amcor Limited
• BA Glass
• Nampak Ltd.
• Wiegand-Glass
• VITRO
• Carib Glassworks Ltd
• Gerresheimer AG
• Piramal Glass
•Becton
•Dickinson and Company,
•Schott AG,

Frequently Asked Questions:

1. Which region has the largest share in Global Container Glass Market?
Ans: Asia Pacific region holds the highest share in 2021.

2. What is the growth rate of Global Container Glass Market?
Ans: The Global Container Glass Market is growing at a CAGR of 5.15% during forecasting period 2021-2029.

3. What segments are covered in Global Container Glass market?
Ans: Global Container Glass Market is segmented into application type, end user type, Glass Type, Forming Method and region.

4. Who are the key players in Global Container Glass market?
Ans: The important key players in the Global Container Glass Market are – Nampak Ltd, Amcor Ltd, Toyo Glass Co. Ltd, Consol Glass, AGI Glaspac, Saverglass Group, Ardagh Packaging Group PLC, Owens-Illinois Inc., Verallia, Vidrala SA, Amcor Limited, BA Glass, Nampak Ltd.

5. What is the study period of this market?
Ans: The Global Container Glass Market is studied from 2021 to 2029.