The Business Research Company’s report on the Container Glass Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the container glass market’s growth in recent years?
The increasing demand for fast-moving consumer goods (FMCG) and alcoholic beverages is expected to propel the growth of the container glass market. The demand for fast-moving consumer goods (FMCG) and alcoholic beverages is increasing due to reasons such as growing awareness, easier access, changing lifestyles, rising income levels, and others. This increase in demand will drive the demand for container glass as this is an effective and safer packaging option for these products. FMCG goods and alcoholic beverages are non-durable products that require packaging such as container glass that can protect physically from damage caused by exposure to the sun, dust, temperature changes and contaminants. Container glass also protects against loss of nutritional value such as denaturing of proteins and oxidation of fats due to their excellent properties such as neutral reaction. For instance, in October 2023, according to the India Brand Equity Foundation (IBEF), FMCG sales in the country are predicted to increase by 7-9% in terms of revenue in 2022-23. The volume growth in India’s fast-moving consumer goods (FMCG) industry was 7.5% in the April-June 2023 quarter, the highest in the previous eight quarters, driven by a recovery in rural India and faster growth in contemporary trade. Thus, the increasing demand for fast-moving consumer goods (FMCG) and alcoholic beverages will drive the growth of the container glass market.
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How does the future projection of the container glass market size compare to its historical growth?
The container glass market size has grown strongly in recent years. It will grow from $42.91 billion in 2024 to $45.37 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growing demand for glass packaging, expansion ofThe pharmaceutical industry, adoption of glass packaging for cosmetics and personal care products, stringent regulations promoting sustainable and recyclable packaging, increase in global trade and shipping.
The container glass market size is expected to see steady growth in the next few years. It will grow to $54.26 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to surge in demand for sustainable and eco-friendly packaging solutions, growth in the e-commerce sector, increasing preference for glass in premium and luxury product packaging, adoption of lightweight and innovative glass manufacturing technologies, rise in the use of glass in the pharmaceutical industry. Major trends in the forecast period include development of smart glass packaging with RFID and QR code technologies, customization of glass packaging for brand differentiation and consumer appeal, use of recycled glass in container manufacturing to promote circular economy, integration of augmented reality (AR) in glass packaging for interactive consumer experiences, collaboration between glass manufacturers and technology companies for innovative packaging solutions.
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Which key players are shaping the future of the container glass market?
Major companies operating in the container glass market include Ardagh Group SA, Amcor PLC, Consol Glass Ltd, Owens-Illinois Inc, Saverglass Group, FrigoGlass, Vidrala SA, Central Glass Co, Vitro, Hindusthan National Glass & Industries Ltd, Gerresheimer AG, Verallia, Vetropack Group, AGI Glasspack Ltd, Bormioli Rocco, Stoelzle Glass Group, Piramal Glass Private Limited, HEINZ-GLAS GmbH & Co, Koa Glass Co Ltd, Nihon Yamamura Glass Co Ltd, O-I Glass Inc, PGP Glass Limited, Toyo Seikan Group Holdings Ltd., Zwiesel Glas Group
What trends will propel the growth and evolution of the container glass market?
Product innovation is a key trend gaining popularity in the container glass market. Innovations such as safety-coated and antibacterial food storage glass containers are taking place in the market to provide a sustainable and safe alternative to ordinary glass containers. Safety coated glass containers with plastic coating are great for handling flammable liquids as they are easier to hold and less probably to break. Antibacterial food storage glass containers use a nanotechnology-based anti-microbial compound called Germ Guard, which prevents and eliminates the formation of dangerous bacteria, fungi, and molds. Key players are innovating these containers to offer unique benefits and strengthen their market position. For instance, in August 2023, Revino Inc, a US-based provider of revived glass bottles, launched an end-to-end refillable glass bottle reuse system. It is designed to be reused multiple times without compromising quality or integrity. Their bottles offer emissions reductions of up to 85% compared to single-use bottles and can be refilled up to 50 times, breaking even on carbon emissions after the third reuse.
Which regions are expected to become dominant players in the container glass market?
Asia-Pacific was the largest region in the container glass market in 2024.The regions covered in the container glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the container glass market, and how are they evolving?
The container glass market covered in this report is segmented –
1) By Glass Type: Borosilicate-Based, Soda-Lime-Silica-Based
2) By Forming Method: Blow And Blow, Press And Blow, Narrow Neck Press And Blow
3) By End User: Food And Beverages, Cosmetics And Personal Care, Pharmaceuticals, Chemical, Other End-Users
Subsegments:
1) By Borosilicate-Based: Laboratory Glassware, Food And Beverage Containers, Pharmaceutical Packaging
2) By Soda-Lime-Silica-Based: Food And Beverage Bottles, Jars And Jugs, Pharmaceutical Containers
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How is the container glass market defined?
The container glass refers to a type of glass used for the production of glass containers including bottles, jars, drinkware, and bowls. It is used for the storage of liquids, food and other. Container glass contains properties like recycling, reuse, and neutral reacting nature, helping in preserving food and beverages for a long duration and avoiding contamination.
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