Container Glass Industry Overview
The global container glass market size is anticipated to reach USD 82.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.7% from 2021 to 2028. The market is predominantly driven by the increasing demand for fast-moving consumer goods (FMCG) and alcoholic beverages across the globe. FMCG products such as honey, cheese, jam, mayonnaise, spices, spreads, sauces, syrups, processed vegetables/fruits, and oil, and more are packed in various types of jars and bottles made-up of glass.
Container Glass Market Segmentation
Grand View Research has segmented the global container glass market on the basis of product, end-user, and region:
Based on the Product Insights, the market is segmented into Bottles, Jars, Vials Ampoules, Others.
- The bottles segment led the market and accounted for a revenue share of 60.3% in 2020. The bottle is the most preferred glass packaging format globally. It is extensively used in the packaging of beverages. The increasing consumption of alcoholic beverages globally is the key driving factor for glass bottles.
- The vials and ampoules segment is likely to witness a CAGR of 8.4% over the forecast period. Vials and ampoules are used to contain various types of injectable medicines in the pharmaceutical industry. Increasing consumption of insulin, biologics, and vaccine globally is driving the demand for vials and ampoules.
Based on the End-user Insights, the market is segmented into Food Beverage Industry, Pharmaceutical Industry, Cosmetics Personal Care Industry, Chemical Industry, Consumer Application, Others.
- The food and beverage segment led the market and accounted for 68.9% of the global revenue share in 2020. The increasing consumption of alcoholic beverages and soft drinks across the globe is the major factor for container glass market growth.
- According to The Observatory of Economic Complexity (OEC), the world trade for beer increased by 1.93% between 2018 and 2019. The global beer imports in 2017 were USD 14.4 billion which increased to USD 16.5 billion in 2019.
- The pharmaceutical industry segment is likely to witness a CAGR of 6.6% over the forecast period. High demand for parenteral packaging coupled with increasing consumption of medicines globally is driving the pharmaceutical industry glass container market.
Container Glass Regional Outlook
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
The competition among players is based on numerous parameters including product offerings, quality, corporate reputation, and price. Distribution network expansion, product capacity expansion, joint venture, mergers, and acquisitions are some of the key strategies being adopted by the players operating in the container glass market to strengthen their position in the market and gain a higher market share.
Some prominent players in the global container glass market include
- Ardagh Group
- Gerresheimar AG
- Borosil
- Schott AG
- Stevanato Group
- Piramal Glass Private Limited
- Corning Incorporated
- Unitrade FZE
- Saverglass SAS
- O-I Glass, Inc.
- Vitro
- Frigoglass SAIC
- Amcor plc
- SGD SA
- Owens-Illinois
Order a free sample PDF of the Container Glass Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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