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Glass Packaging Market to Hit USD 86.54 Billion by 2030; Vetropack Launches New Products to Gain Strong Industry Foothold

March 21, 2023 | Packaging

The global glass packaging market size stood at USD 62.95 billion in 2022. The market value is slated to rise from USD 64.97 billion in 2023 to USD 86.54 billion by 2030 at a CAGR of 4.2% during 2023-2030. The surge is due to the increasing consumer demand for healthy and safe packaging solutions. Additional factors propelling market growth comprise the rollout of innovative products via technologies that shape, emboss, and add an artistic finish. Besides, glass is considered as a material that helps to maintain the freshness of different products.


Fortune Business Insights™ presents this information in its report titled Glass Packaging Market Size, Share & COVID-19 Impact Analysis, By Product (Bottles, Jars & Container, Ampoules, Vials, and Others), By End-user (Food, Beverage (Alcoholic & Non-alcoholic), Pharmaceuticals, Personal Care & Cosmetics, Others), and Regional Forecast, 2023-2030”.


Lockdown Restrictions Affected Various Projects Amid COVID-19 Pandemic


The COVID-19 pandemic led to a halt on daily activities such as meetings, gatherings, and travel between countries. This led to a delay in several projects. However, glass packaging came to be considered as a key option during the pandemic period. The market registered an escalating demand from the food & beverage and pharmaceutical sectors.


Vetropack Group Exhibits at Drinktec 2022 to Strengthen Industry Position


In September 2022, Vetropack Group rolled out Echovai, the world’s first reusable bottle made from tempered lightweight glass. The solution was exhibited at Drinktec 2022. The bottle has a high rate of circulation owing to its abrasion resistance and light weight.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/glass-packaging-market-102812


Industry Value to Rise Owing to Surging Product Demand from Food & Beverage Sector


The glass packaging market growth is being driven by the soaring demand for fragile packaging. The material provides significant benefits such as visibility and impermeability. The product demand is further driven by rising consumer demand for healthy and safe food products.


However, the market expansion could be hampered by the growing usage of relieving products such as plastic and tin and the higher costs of operation and maintenance.


Pivotal Players Launch New Products to Secure Competitive Edge


Key glass packaging companies are undertaking research activities and focusing on the launch of new products for securing a competitive edge. These companies are centered on mergers, acquisitions, and the formation of alliances to strengthen industry foothold. Additional initiatives comprise rising participation in trade conferences.


Key Players Profiled:



  • Gerresheimer (Germany)

  • Vitro Packaging (U.S.)

  • Verallia (France)

  • BORMIOLI ROCCO SPA (Italy)

  • KOA GLASS CO., LTD (Japan)

  • BA Glass B.V. (Spain)

  • Amcor plc (Australia)

  • Ardagh Group S.A. (Luxembourg)

  • Nihon Yamamura Glass Co. Ltd. (Japan)

  • Vetropack Group (Switzerland)

  • Heinz-Glass GmbH & Co. KGaA (Germany)


Notable Industry Developments:



  • January 2022 – Berlin Packaging acquired the Le Parfait brands and business from O-I France SAS. Le Parfait is renowned for its iconic lids and jars.

  • July 2022 – Ardagh Glass Packaging shared plans to contract a USD 95 million extension of its Nigel fabrication unit in South Africa.


Further Report Findings



  • The Asia Pacific glass packaging market share is set to exhibit substantial growth over the estimated period. The surge is due to the increasing product adoption in healthcare, food & beverages, and cosmetics industries.

  • The North America region is slated to depict appreciable expansion throughout the projected period. The rise can be credited to the increasing endeavor of manufacturers toward the adoption of eco-friendly materials for packaging.

  • Based on product, the bottles segment is set to expand at a lucrative rate over the study period. This is on account of the ability of glass bottles to enhance food freshness.

  • On the basis of end-user, the beverages segment is expected to grow at a commendable pace throughout the forecast period. The escalation can be attributed to the increasing use of glass packaging for various beverages.


Table of Segmentation






















































  ATTRIBUTE



  DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of 4.2% from 2023 to 2030



Unit



Value (USD Billion), Volume (Kilo Tons)



Segmentation



By Product, End-user, and Region



By Product




  • Bottles

  • Jars & Container

  • Ampoules

  • Vials

  • Others



By End-user 




  • Food

  • Beverages

    • Alcoholic

    • Non-alcoholic



  • Pharmaceuticals

  • Personal Care & Cosmetics

  • Others



By Region




  • North America (By Product, By End-user, By Country)

    • U.S. (By Product)

    • Canada (By Product)



  • Europe (By Product, By End-user, By Country)

    • Germany (By Product)

    • U.K. (By Product)

    • France (By Product)

    • Italy (By Product)

    • Spain (By Product)

    • Russia (By Product)

    • Rest of Europe (By Product)



  • Asia Pacific (By Product, By End-user, By Country)

    • China (By Product)

    • Japan (By Product)

    • India (By Product)

    • Australia (By Product)

    • South East Asia (By Product)

    • Rest of Asia Pacific (By Product)



  • Latin America (By Product, By End-user, By Country)

    • Brazil (By Product)

    • Mexico (By Product)

    • Rest of Latin America (By Product)



  • Middle East and Africa (By Product, By End-user, By Country)

    • GCC (By Product)

    • South Africa (By Product)

    • Rest of Middle East & Africa (By Product)




Glass Packaging Market
  • PDF
  • 2022
  • 2019-2021
  • 272

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