Glass Packaging Market Research Report - Forecast to 2023

Glass Packaging Market Research Report By
Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Glass Packaging Market Forecast To 2023
Global Glass Packaging Market Report: by Products (Bottles, Jars, and Vials), Application (Alcoholic Beverage
Packaging, Non-Alcoholic Beverage Packaging, Food Packaging, Pharmaceutical and Personal Care Packaging)
and Region - Global Forecast to 2023.
Glass is the material of choice for packaging; glass packaging is environment friendly as glass is infinitely recyclable. Glass is
the trusted and proven packaging for health, taste and the environment. It uses for packaging beverages, food products,
personal care products, pharmaceutical products, and household products. It is widely used in the packaging of perishable
goods and for products that can react with the packaging materials. Food and beverages are stored in glass containers and
bottles as it is impermeable and non-porous. This makes it easy to keep intact and preserve the flavours and smell of the
food and beverages. Moreover, launch of new varieties of consumer goods such as soft drinks, alcoholic drinks, and spirits
increased the volume sales of packaged goods.
Glass container manufacturers have been responsive to the numerous demands of consumers resulting in innovative
designs, lighter weight packages, and establishment of various brands. Consumers have placed greater emphasis on greener
packaging and healthier products which would have positive impact on glass packaging market. Glass is a wonderful
substance. It can be recycled over and over again. The good thing about glass recycling is that the glass retains its quality.
The aesthetic value of the environment is greatly improved through glass recycling. Many people tend to focus on glass
packaging due to the inorganic nature of glass.
Growing plastic packaging demand due to cost effectiveness, easy handling & transportation, durability, and aesthetic
features will negatively affect the glass packaging market in coming years. Whereas, increase in demand from the different
end-user, such as food & beverage sector, pharmaceutical products, and laboratory chemicals. Moreover, the eco-friendly
production of glass is also one of the major drivers for the growth of the global glass packaging market. Glass packaging,
due to its high cost, brittleness and transportation inconvenience is may face hindrance in growth in future period.
Glass Packaging Market Forecast To 2023
Global glass packaging market is growing with the rapid pace; mainly due to advancement in technologies. According to a
recent study report published by the Market Research Future, The global market of Glass packaging is booming and
expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023,
surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).
Industry/ Innovation/ Related News:
June 09, 2015: Saint-Gobain to divest glass manufacturing unit Verallia at €2.95bn.
July 24, 2017: Corning and Gerresheimer collaborate to deliver new corning valor™ glass to the pharmaceutical packaging
September 7, 2017: Orora's glass facility expansion completed for USD 42 Million. Before this expansion, Orora had been
forced to look to offshore bottle imports to keep up with demand. Orora’s Gawler facility is already one of the largest glass
manufacturing facilities in the Southern Hemisphere and the $42 million investment enables us to service the increased
demand for high quality glass bottles
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Glass Packaging Market Forecast To 2023
Glass Packaging Market Forecast To 2023
Glass packaging Market - Competitive Analysis
Glass packaging market appears to be competitive with the presence of several large and small players operating in the
Glass packaging Market. These Key players compete based upon pricing, quality, Technology and reputation. Glass
packaging market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to
intensified competition further. The report also considers key trends that will impact the industry and profiles of leading
suppliers of glass packaging market. Some of the top companies mentioned in the report are Amcor, Saint-Gobain S.A.,
Ardagh Packaging Holdings Limited, Hindusthan National Glass & Industries Limited, Bormioli Rocco SPA and Vetropack
Holding AG. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies,
and best practices.
Glass packaging Market - Segments:
Global Glass packaging Market is segmented in to 2 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Application: Alcoholic beverages, food & beverages, pharmaceuticals and others
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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Glass Packaging Market Forecast To 2023
Glass packaging Market - Regional Analysis
Asia Pacific region dominated the overall glass packaging market. Increasing glass packaging consumption in alcoholic
beverages and pharmaceutical applications are some of the factors which helps to grow the market of glass packaging. The
glass packaging market in Asia Pacific is primarily dominated by China and India owing to the vast consumer base, rising
urban population levels and increasing demand of beverages.
Major Players
The key players of global Glass Packaging market are Owens-Illinois Inc. (U.S.), Saint-Gobain S.A. (France), Ardagh Group S.A.
(Luxembourg), Gerresheimer AG (Germany), Vetropack Holding AG (Switzerland), Amcor Limited (Australia), Nihon
Yamamura Glass Co. Ltd. (Japan), Tamron Co., Ltd. (Japan), Piramal Glass (India), Hindustan National Glass & Industries Ltd.
(India), Stölzle Glasgruppe GmbH (Austria), Vidrala SA (Spain), Wiegand-Glas GmbH (Germany), O.Berk Company LLC (U.S.)
and Shandong Pharmaceutical Glass Co., Ltd. (China)
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Global glass packaging market is segmented based on product, application, and region. Based on the products, the market is segmented into bottles, jars, and vials. The bottles segment is projected to dominate the glass packaging market over the forecast period owing to the extensive use of bottles in the all major end-use sectors. Bottles provide an ideal way to keep the consumables safe, fresh, and healthy for a longer period as well as they are easy to transport. Based on the application, the market is segmented into alcoholic beverage packaging, non-alcoholic beverage packaging, food packaging, pharmaceutical and personal care packaging. Alcoholic beverage packaging dominated the market in 2016 and is projected to be the fastest-growing application during the review period 2017-2023. The growing consumption of alcoholic beverage, especially beer, whiskey, scotch, vodkal, and rum across the globe is creating a lucrative demand for alcoholic beverage packaging, which, in turn, is benefitting the global glass packaging market.