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

Glass Packaging Market was valued at US$ 64.57 Bn in 2021 and is expected to reach US$ 87.69 Mn by 2029, at a CAGR of 3.9% during the forecast period.
Glass Packaging Market Dynamics:
The rising adoption of glass packaging products in the pharmaceutical, food & beverage industries and also demand for glass in the APAC region for packaging are some of the major drivers in Global Generation Glass Packaging MarketTo know about the Research Methodology :- Request Free Sample Report

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

The surging demand for glass packaging solutions, rapid urbanization, and increasing population base in APAC are projected to support the glass packaging market growth in the region. Additionally, the market is anticipated to leverage the consumer sentiment toward the adoption of safer and sustainable products and observer high adoption in industry verticals such as pharmaceutical, food and beverage, and personal care.
The adoption of substitutes such as plastics and metal cans for packaging and saturation in the Western European glass packaging market are identified as the main factors restraining the growth of glass packaging industry to some extent.
Glass Packaging Market Segment Analysis:
On the basis of application, Alcoholic beverage packaging is projected to contribute significantly to the market growth in the future. Glass is chemically inert, so it does not react with the food, pharmaceuticals, alcoholic beverages, and personal care products. This helps in maintaining the texture and quality of the products, which, sequentially, permits their adoption and contributes to the demand for glass products for packaging purposes.
Glass Packaging Market Regional Insights:
Geographically, the major market for glass packaging is Asia-Pacific. The alcoholic beverage packaging market is anticipated to witness the fastest growth because of increasing consumption of alcoholic drinks in Asia-Pacific and Eastern Europe. The glass packaging market for pharmaceutical packaging will grow in North America and Europe on account of the introduction of new therapies. Likewise in North America, U.S. and Canada are mature markets in food containers. Therefore, food packaging growth is expected to decline in the region in forecast period.

Various authenticated sources have been used to refine and provide a complete and accurate research on the glass packaging market. Interviews with main industry leaders were conducted along with secondary research during the course of the study. Several governmental regulations and their effects on glass packaging market were studied in detail.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global glass packaging market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Glass Packaging Market, Key Highlights:
• Global Glass Packaging Market analysis and forecast, in terms of value.

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

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

• Global Glass Packaging 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 Glass Packaging 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 Glass Packaging Market are also profiled.
Glass Packaging Market Scope: Inquire before buying



Global Glass Packaging Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 64.57 Bn.


Forecast Period 2022 to 2029 CAGR:
3.9%
Market Size in 2029:
US $ 87.69 Bn.


 Segments Covered:
by Application
• Alcoholic beverages (excluding beer)
• Beer
• Food & beverages
• Pharmaceuticals
• Others (Including personal care products and chemicals)


by Product
• Bottles
• Jars & Container
• Ampoules
• Vials
• Others


by End-user
• Food
• Beverages
• Alcoholic
• Non-alcoholic
• Pharmaceuticals
• Personal Care & Cosmetics
• Others



Glass Packaging Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Glass Packaging Market Key Players are:
• Amcor Ltd.
• Ardagh Group
• Bormioli Rocco SpA
• Gerresheimer AG
• Hindusthan National Glass & Industries Ltd.
• Koa Glass Co. Ltd.
• Nihon Yamamura Glass Co Ltd.
• Owens-Illinois Inc.
• Piramal Glass Limited
• Saint-Gobain S.A.
• Stölzle-Oberglas GmbH
• Vetropack Holding AG
• Vidrala SA
• Wiegand-Glas
• Heinz-Glas GmbH.
• Koa Glass Co. Ltd
• Consol Specialty Glass (Pty) Limited
• Berry Global Inc
• Westpack LLC
• Schott A.G
• Verallia

Frequently Asked Questions:

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

2. What is the growth rate of Global Glass Packaging Market?
Ans: The Global Glass Packaging Market is growing at a CAGR of 3.9% during forecasting period 2022-2029.

3. What is scope of the Global Glass Packaging market report?
Ans: Global Glass Packaging Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Glass Packaging market?
Ans: The important key players in the Global Glass Packaging Market are – Amcor Ltd., Ardagh Group, Bormioli Rocco SpA, Gerresheimer AG, Hindusthan National Glass & Industries Ltd., Koa Glass Co. Ltd., Nihon Yamamura Glass Co Ltd., Owens-Illinois Inc., Piramal Glass Limited, Saint-Gobain S.A., Stölzle-Oberglas GmbH, Vetropack Holding AG, Vidrala SA, Wiegand-Glas, Heinz-Glas GmbH., Koa Glass Co. Ltd, Consol Specialty Glass (Pty) Limited, Berry Global Inc, Westpack LLC, Schott A.G, and Verallia.

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