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The global glass packaging market was valued at US$ 53,616.38 million and 72,030.27 kilo tons in 2016 and is expected to expand at a CAGR of 4.9% in terms of revenue and 4.8% in terms of volume during 2018 – 2025.
Glass Packaging Market Insights, Size, Share, Opportunity
Analysis, and Industry Forecast till 2025
Packaging is a technology that involves enclosing and protecting various types of products
for storage, distribution, sale and use. The increasing demand for healthy, safe, convenience
food & beverages and major growth of alcoholic beverages and beer industry in the recent
past, especially in Asia Pacific, Europe and North America has been rapidly driving growth of
the global glass packaging market. Glass packaging products can keep consumables safe
and healthy for prolonged periods of time, as glass is largely non-reactive with most
products. Also, it inhibits chemical interaction between the liquid and body.
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Glass products can be 100% recycled and reused. Also, 80% of recycled glass can be made
into new glass products as well. Glass packaging is widely used for the packaging of
beverages (alcoholic and non-alcoholic) and pharmaceutical products. There are four types
of glass used in glass packaging, namely, Type I glass, Type II glass, Type III glass, and
Type IV glass. The type I and Type III glass packaging are mostly preferred by end users.
The type I glass products are produced from borosilicate and are largely used by
pharmaceutical and chemical companies, as they have the ability to keep chemicals safe.
The type III glass are made from untreated commercial soda lime glass, and are highly
preferred by the food and alcoholic beverages end-users. This is due to their ability to keep
the consumables safe and healthy for huge period of time. The increasing consumption of
alcoholic beverages and beer are making the type III glass products as the dominant product
type segment, accounting over 83% in terms of value, in the global glass packaging market.
On the basis of product type, the global glass packaging is segmented into bottles, vials,
jars, and others. Bottles was the largest product type segment in the global glass packaging
market in 2016 and is expected to retain its dominance throughout the forecast period. The
glass bottles are widely used by alcoholic beverages (except beer), beer and soft beverages
end users. The glass bottles have the ability to keep the consumables fresh, safe and
healthy for a longer period of time. The plastic bottles are unable to keep consumables safe
for a longer period of time and also there is a lot of chemical interaction, which in turn is
encouraging alcoholic beverages & beer manufacturers to opt for glass bottles for
packaging. Moreover in food & soft beverages industry, glass provides the highest level of
protection and the quality and freshness of food is maintained. Also, in pharmaceuticals
industries as well, the product protection and safety are of the utmost importance. Owing to
this, the inert material, namely, glass is the most ideal packaging option for the
pharmaceutical industry, as glass packaging safeguards contents from oxygen ingress and
cross-contamination, hence providing the superior protection.
The global glass packaging market was valued at US$ 53,616.38 million and 72,030.27 kilo
tons in 2016 and is expected to expand at a CAGR of 4.9% in terms of revenue and 4.8% in
terms of volume during 2018 – 2025.
Alcoholic Beverages (except Beer) is the largest end-use industry, followed by Beer
for glass packaging market
Alcoholic end-use industry segment is expected to be the dominant industry, followed by
beer in the global glass packaging market over the forecast period and are also expected to
witness fastest growth over the following decade. The rapid increase in alcohol consumption,
especially in the Asia-Pacific and Europe regions is the major driving force for the growth in
glass packaging market. Also, the growing population coupling with high standard of living
are the also the key factors driving alcohol consumption around the world. The glass bottles
are mostly preferred by beer and wine manufacturers, thus, the increasing beer consumption
in China, India, and other developing economies are adding up to the significant growth in
global glass packaging market. Furthermore, the ability of glass materials to occur in
different attractive shapes are propelling wine manufactures to use the glass bottles for
packaging. Hence, the rise in wine market in Europe and Asia-pacific region is coupling the
growth of glass packaging market globally.
Regional Insights
Asia-Pacific, followed by Europe, and North America, respectively accounted for major share
in the global glass packaging market both in terms of revenue and volume in 2016 and the
trend is estimated to remain the same over the forecast period. In 2016, Asia-pacific held a
market share of 38.5% in terms of value in the global glass packaging market. The rising
population, increasing beer consumption in China, India, and ASEAN countries, and rise in
the standard of living are the major factors fueling the growth of glass packaging market in
Asia-Pacific. In Europe, the alcoholic beverages and beer consumption is increasing at a
huge pace, especially in France, Italy and Germany. Also, there is a huge demand of
attractive shape glass bottles by wine and spirit manufacturing companies in Europe, which
in turn is allowing glass packaging market to grow at a significant pace over the following
years.
Multinational players
Major players in the global glass packaging market include Saint-Gobain S.A, Amcor,
Bormioli Rocco, Ardagh Group, China Glass Holdings, Gerresheimer AG, Hindusthan
National Glass & Industries, Heinz-Glass, Koa Glass, Orora Packaging Australia, Nihon
Yamamura Glass, Owens-Illinois Inc., Piramal Glass and Consol Glass.
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Author
apeksha motghare
apeksha motghare533   documents Email
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