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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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apeksha motghare
apeksha motghare533   documents Email
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