Glass Packaging Market size was valued at USD 245 Bn. in 2022 and the total Packaging revenue is expected to grow by 5.9 % from 2023 to 2029, reaching nearly USD 365.96 Bn.
Glass Packaging Market Overview:
Glass Packaging Market Research Report investigated the current status of definitions, classifications, applications, and the industrial chain structure. The research provides impartial professional commentary on the present market state, prior market performance, production and consumption rates, demand and supply ratios, and forecast income generation predictions. The Glass Packaging market study also includes information on the leading businesses participating in the Glass Packaging sector’s strategic goals and company growth objectives. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches are among the tactics considered in the research. To summarise what has previously been said, the study provides a comprehensive picture of the Glass Packaging sector in both global and regional markets.
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Glass Packaging Market Dynamics
The trend of premiumization has resulted in the use of glass packaging for various beverage categories, including soft drinks, which hold a significant share of the market due to their worldwide popularity. The alcoholic beverage industry faces intense competition from metal packaging, but glass packaging is expected to maintain its share due to its use of premium products. The growth of glass packaging is predicted across different beverage categories, including juices, coffee, tea, soups, and non-dairy beverages. Beer has seen tremendous growth in recent years, with most of the beer volume sold in glass bottles, driving the need for increased production in the glass packaging industry.
The increasing demand for premium alcoholic drinks is driving the growth of glass bottles, and developing nations like India have shown a higher quality perception of beer. Returnable glass bottles are a cost-effective option for companies to deliver their products, mainly in the non-alcoholic beverage industry. While about 70% of bottles used for natural mineral water are made of plastic, the choice of bottled-water packaging material is increasing, considering environmental considerations.
COVID-19 Impact on Glass Packaging market:
The COVID-19 epidemic has had a significant impact on the global Glass Packaging industry. Glass Packaging Production facilities have been halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led in a significant and extended drop in production utilisation, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Glass Packaging market to decelerate in 2020. The negative impact of COVID-19 on the Glass Packaging market, on the other hand, is expected to be brief, and the sector is expected to revive fast by early 2021, owing to robust demand for Glass Packaging .
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Regional Analysis:
The region section of the research additionally covers important market influencing factors and changes in market regulation that have an influence on the market’s present and future trends. Some of the primary elements utilised to analyse the market scenario for various locales are new sales, replacement sales, national demography, regulatory activities, and import-export tariffs. Furthermore, while offering forecast analysis of national data, the existence and availability of global brands, as well as the challenges they face owing to strong or weak competition from local and domestic brands, as well as the impact of sales channels, are considered.
Glass Packaging Market Segmentation:
by Type
1. Flat glass
2. Container glass
3. Continuous filament
4. Domestic glass
5. Special glass
by Product
1. Bottles
2. Jars And Container
3. Ampoules
4. Vials
5. Others
by End-user
1. Food
2. Beverages
3. Alcoholic
4. Non-Alcoholic
5. Pharmaceuticals
6. Personal Care and Cosmetics
7. Others
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Glass Packaging Market Key players:
1. Amcor Ltd
2. Ardagh group
3. Bormioli Rocco spA
4. Gerresheimer AG
5. Hindusthan National Glass & Industries Ltd.
6. Koa Glass Co. Ltd
7. Nihon Yamamura Glass Co Ltd.
8. Owens-Illinois Inc.
9. Piramal Glass Limited
10. Saint-Gobain S.A.
11. Stölzle-Oberglas GmbH
12. Vetropack Holding AG
13. Vidrala SA
14. Wiegand-Glas
15. Heinz-Glas GmbH.
16. Koa Glass Co. Ltd
17. Consol Specialty Glass (Pty) Limited
18. Berry Global Inc
19. Westpack LLC
20. Schott A.G
21. Verallia
The study includes a thorough examination of the Glass Packaging market’s presence in various industries and countries. By doing a detailed geographical examination of the industry, the research analyst hopes to uncover hidden development potential that may be used by firms in various regions of the world. Global Glass Packaging Market research gives precise information that helps market participants to compete successfully with their most important competitors in terms of growth, sales, and other critical factors. Significant market components such as market drivers and obstacles are distinguished from critical development prospects and industry trends in the research study.
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