"Binding Intellectual insights for your Business"
The global glass packaging market size was valued at USD 62.95 billion in 2022 and is expected to grow from USD 64.97 billion in 2023 to USD 86.54 billion by 2030, exhibiting a CAGR of 4.2% during the forecast period.
Glass packaging covers a range of areas, including glass containers, bottles, tubes, and others. It is considered the most trusted packaging for health and safety. The packaging material depends on the product type. Glass is an everlasting material that can be infinitely recycled without losing quality. Increasing demand from the food & beverages and personal care & cosmetics industries is anticipated to enhance the market growth. The growing consumer demand for healthy and safe packaging solutions is one of the major factors propelling the development of the global market. Glass is also considered a premium material that maintains the product's freshness, thereby being used in a wide range of end-use industries. Key manufacturers continuously introduce innovative products through technologies that emboss, shape, and add an artistic finish, thereby driving market growth.
COVID-19 has Impacted Upcoming Glass Packaging Projects Due to Delays on Account of the Termination of Daily Activities
The coronavirus outbreak caused chaos and panic worldwide, further terminating daily activities such as gatherings, meetings, and commutes between countries, even stepping outside the house. The global market witnessed moderate growth due to huge supply chain disruptions leading to daily activities' termination. However, with the growing pandemic crisis, many countries consider glass packaging a vital industry. The industry recorded an increasing demand from the pharmaceutical and food and beverage industries. The need for the packaging from these sectors increased owing to the usage of medical food cans and beverage bottles. Several associations, including the American Glass Packaging Institute (GPI), the European Container Glass Federation (FEVE), and the European Federation of Glass Recyclers issued statements thanking all employees for their commitment and dedication.
Request a Free sample to learn more about this report.
Increasing Recycling Rates for Sustainable Growth to Drive Market Growth
The recycling of glass is rapidly increasing globally, especially in advanced countries. Europe dominated in terms of recycling based on the most effective recycling rates. As per figures from the FEVE, Europe accomplished a glass collection rate of around 76%. The growth is expected across numerous beverage products such as soups, tea, coffee, juices, and non-dairy beverages. Furthermore, the brewing industry is a primary contributor to the European economy and is vital in assisting the E.U.'s aims to reduce youth joblessness and endorse competitiveness and growth.
Manufacturing advanced, lower-weight products with attractive designs and vivid color schemes at lower production prices has continued to be a key growth organizer. Prominent beverage competitors are also increasing the adoption of glass packaging, which adds to the beverage division share in Europe. The growth in production volume could indicate the prominence of glass packaging in the beverage division across Europe.
Rising Demand for Glass Packaging in the Healthcare and Cosmetic Industry to Boost the Market Growth
Growth in the healthcare units and the presence of the cosmetics industry drive the global market. The design and manufacture of suitable packaging for medical products are vital to confirming therapeutic goods' safe storage, delivery, and management. Packaging for healthcare products is mainly composed of glass. Furthermore, as manufactures several ampoules, including glass dropper bottles, vials, and other glass products, it is used widely in the healthcare & cosmetic industries.
Cosmetic containers that use glass materials for high-end cosmetic packages are rapidly increasing. It further contributes to the growth of the overall market. Glass containers such as jars and bottles are also used for various dispensing options such as nozzles, drip inserts, spray nozzles, foaming caps and pump heads. It plays an important role as it is also important for cosmetic containers not to absorb substances from the product, such as absorbing moisture from the cream inside the container. Therefore, the increasing use of glass in cosmetics will increase the demand for glass packaging, further driving market growth.
Food & Beverage Industry Fosters the Growth of the Market
The beverage industry is rapidly increasing worldwide, and so is its supremacy in pouring the demand for glass packaging. Nonetheless, in countries such as India, the liquor industry fuels the need for the product in the region. The food industry accounts for another largest glass packaging market share. Additionally, as resistance to thermal shocks is essential to maintain food quality, the packaging is preferred by many foods and beverages industries worldwide. Moreover, as the material offers significant benefits such as impermeability and visibility, the food and beverages industry utilizes it on a large scale. Along with consumers' growing demand for safe and healthy food products, manufacturers are also innovating products for the food & beverages industry. Such factors lead to the overall growth of the global market.
Higher Maintenance and Operation Costs to Inhibit Market Growth
Reducing operational costs and using relieving products such as plastics and tin are restraining the market growth and expansion of the business. Furthermore, using substitute items such as plastic containers and aluminum surge the rivalry between the key players and is the main challenging factor in the market. Growth in technological activities and the adopted packaging methods are the primary restraining factors for industry expansion.
Bottles Segment to Dominate Owing to the Popularity of Soft Drinks
Based on product, the market is categorized into bottles, jars & containers, ampoules, vials, and others. Glass bottles improve food and beverage freshness. The material has an impermeable design, which helps protect the products' quality from air and contaminants. Glass bottles have a longer shelf life than any other packaging solution, contributing to the segment's growth. Moreover, as glass bottles are reusable, they are used for many applications. Further, as the bottles offer a premium experience in the look, feel, and weight, they are used to promote and build brand image.
To know how our report can help streamline your business, Speak to Analyst
Beverages Segment to Gain Traction Due to Rising Alcohol Consumption
Based on end-user, the market is categorized into food, beverage, pharmaceuticals, personal care & cosmetics, and others. The beverages segment holds the largest market share. The segment is witnessing rapid growth due to the usage of this packaging for alcoholic beverages and the growing consumption of alcohol globally. Glass is a highly preferred packaging raw material for alcohol. With the increasing availability of different bottle sizes and shapes in the retail market, it is used in the beverages industry. Another major factor augmenting product demand is innovation in design and chemical composition, which has reduced glass bottle weight. The pharmaceutical industry will witness rapid growth over the glass packaging market forecast period.
Asia Pacific Glass Packaging Market Size, 2022 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
The global market has been analyzed geographically across five main regions, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The Asia Pacific region dominates the global target market share. The rapid growth can be attributed to glass production activities and increased adoption in the healthcare, food & beverages, and cosmetics industries. The rapidly growing healthcare and cosmetic industry is expected to propel the demand in the Asia Pacific. Additionally, the increased adoption of luxury manufacturers is continuously working on innovative packaging to attract consumers' attention which is responsible for the growth in the Asia Pacific region.
The North America market is expected to witness significant growth in the forthcoming years. Key manufacturers across all industries are laying the groundwork for progress by adopting eco-friendly packaging, and glass is an excellent packaging material. In a race to compete with global manufacturing hubs such as China and Japan, North America has been striving to develop and adopt glass packaging.
In Europe, this packaging has been predominantly used by the food and beverage industry due to its ability to remain inert to the contents and safe for consumers. In Europe, the industry manufacturing capacity for the food and beverage sector augmented sturdily by 5.0%, in contrast to 2020 statistics, to reach its maximum level ever recorded. The demand is determined by the performance of the beverage industry, majorly the alcoholic beverage segment. More than half of Europe's demand for glass containers is registered for the beer industry and is anticipated to be the fastest-growing region.
In Latin America, the high healthcare spending in the region has resulted in heightened demand for advanced sterilization devices in hospitals and medical centers. Similarly, the thriving medical tourism industry, along with the accessibility of advanced sterilization equipment at reasonable costs, widens the market scope in Brazil on a large scale, which surges the product demand in this region.
The rising growth of the Middle East & African chemical healthcare industry is fueling the demand in this region. Subsequently, the increased demand for glass-based packaging in the food and beverages industry, coupled with the rising food and beverages industry in the Middle East & Africa, is propelling the market across the region.
Key Players are Concentrating on New Contracts and Enhancing Product Portfolio
This market is fragmented, with producers and service providers such as Amcor plc, Gerresheimer, Ardagh Group S.A., Nihon Yamamura Glass Co. Ltd., and Vitro Packaging occupying a considerable share of the global market. These companies have successfully acquired new and long-term contracts from different countries over the years. The market includes other players such as Verallia, Vetropack Group, Heinz-Glass GmbH & Co. KGaA, BORMIOLI ROCCO SPA, KOA GLASS CO., LTD, and B.A. Glass B.V., and others who are increasing their customer reach and establishing a solid footprint in the market.
An Infographic Representation of Glass Packaging Market
To get information on various segments, share your queries with us
CAGR of 4.2% from 2023 to 2030
Value (USD Billion), Volume (Kilo Tons)
By Product, End-user, and Region
Fortune Business Insights says that the global market size was USD 62.95 billion in 2022 and is projected to reach USD 86.54 billion by 2030.
In 2022, the market value stood at USD 62.95 billion.
Growing at a CAGR of 4.2%, the market will exhibit healthy growth over the forecast period (2023-2030).
The bottles segment is expected to be the leading segment in this market during the forecast period.
The rising demand for glass packaging in the healthcare and cosmetic industry is a key factor boosting the market growth.
Gerresheimer, Vitro Packaging, Verallia, BORMIOLI ROCCO SPA, KOA GLASS CO., LTD, B.A. Glass B.V., Amcor plc, Ardagh Group S.A., Nihon Yamamura Glass Co. Ltd., Vetropack Group, and Heinz-Glass GmbH & Co. KGaA are the leading players in the global market.
Asia Pacific dominated the global market in 2022.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry