Global Glass Bottles And Containers Market Future Growth, Competitive Analysis and Forecast 2029


Posted July 1, 2024 by Swati12

Europe is the world's largest market for glass bottles and containers, and it is likely to remain so during the projection period.
 
Glass Bottles and Containers Market Growth or Demand Increase for what contain:

The Glass Bottles and Containers Market was valued at $82.2 billion in 2020, and is projected to reach $155.9 billion by 2030, growing at a CAGR of 6.7% from 2023 to 2030.

Container glass or glass container constitutes boron trioxide and silica as main glass-forming constituents. It has very low coefficient of thermal expansion (around 3×10−6 per Kelvin at 20 degree Celsius). Soda-lime-silica-based, also known as soda-lime glass is among the most prevalent type of glass. It possesses excellent significant properties such as chemical stability, extreme workability, high melting temperature, and thermal shock resistance that makes it best suited for manufacturing windowpanes, glass containers, and commodity items in foods & beverages, pharmaceuticals, décor, and other end-use sectors.

Glass Bottles and Containers Market CAGR Estimation:

Glass Bottles and Containers Market size was valued at US$ 69.90 Bn in 2022 and the total revenue is expected to grow at 4.7% through 2023 to 2029, reaching nearly US$ 96.41 Bn.

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Glass Bottles and Containers Market Segmentation:

by Color

Amber
Flint
Green
Other Colors

During the predicted period, the flint glass containers held the highest share of the market. Flint glass bottle is also known as a crystal white glass bottle. It is the ideal option when maximum visibility and the integrity of the contents of a bottle or jar are crucial. One of flint glass's most evident benefits is its clarity. Flint glass is the perfect packaging material for producers who want customers to be able to see their products.

by End User

Beverages
Liquor
Beer
Wine
Soft Drinks
Milk
Food
Cosmetics
Pharmaceuticals
Others

The demand for glass packaging is mostly driven by the beverage industry globally. The COVID-19 epidemic has resulted in a significant decline in demand for the liquor industry since governments no longer view it as a critical industry. Furthermore, a significant portion of the market is anticipated to be held by the Milk subsegment. Glass bottles are gradually replacing plastic bottles in the global dairy industry. A large number of small dairy sector players decided to respond to consumer demand for environmentally friendly milk by offering their products in reusable bottles. Glass bottles are becoming more and more necessary in the European milk industry as compared to other industries.

Glass Bottles and Containers Market Overview:

Glass bottles are used in a wide number of sectors and this feature has helped drive market demand. In the next years, the revenue index of the worldwide glass bottles and containers market is predicted to improve. Glass bottles are commonly used in industries such as healthcare, chemicals, and pharmaceuticals. Glass packaging is 100 percent recyclable, making it an environmentally friendly packaging solution. Recycling 6 tons of glass saves 6 tons of materials and reduces CO2 emissions by 1 ton. In recent years, new technology for carving glass bottles has emerged. Furthermore, in the worldwide glass business, novel strategies for improving glass manufacturing have gained traction. The worldwide glass bottles and containers market is expected to provide profitable prospects in the next years as a result of the aforementioned considerations.

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Glass Bottles and Containers Market Growth or Demand in which regions:

Europe is the world's largest market for glass bottles and containers, and it is likely to remain so during the projection period. More than 35% of the market for glass bottles and containers is projected to be concentrated in Europe, with the majority of it going to the continent's world-famous alcoholic beverage sector. Due to the many beverage packaging uses of glass bottles and containers, countries such as Germany, Russia and France account for up to 40% of the market in Europe. Germany is Europe's most populated country, with the greatest market share in the region's healthcare and homecare products segments, which are the country's primary sources of demand for glass bottles and containers. There are around 41 manufacturing facilities in France, managed by 24 businesses, accounting for the second biggest number of manufacturing facilities in Europe.

Glass Bottles and Containers Market Scope and Methodology:

Primary Research: Conduct interviews and surveys with industry experts, stakeholders, and key players in the glass bottles and containers market to gather primary data on market dynamics, trends, and insights

Secondary Research: Collect information from various sources such as industry reports, company websites, trade publications, government publications, and databases to validate and supplement primary research findings.

Data Analysis: Analyze the collected data using statistical and analytical tools to derive meaningful insights and trends in the glass bottles and containers market. This includes quantitative analysis, trend analysis, and forecasting techniques.

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Glass Bottles and Containers Market Key Players:

1. Owens-Illinois, Inc.
2. Vidrala SA
3. Ardagh Packaging Group PLC
4. Wiegand-Glas GmbH
5. Verallia Packaging SAS
6. Vetropack Holding Ltd
7. Stolzle Glass Group
8. AGI Glasspack Ltd
9. Hindustan National Glass & Industries Ltd
10. Vitro SAB de CV
11. Consol Glass (Pty) Ltd
12. Carib Glassworks Ltd
13. Gerresheimer AG
14. Middle East Glass Manufacturing Co SAE
15. Toyo Glass Co. Ltd
16. BA Glass BV
17. Piramal Glass Ltd
18. APG Europe
19. Other Key Players

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Key questions answered in the Glass Bottles and Containers Market are:

• What is Glass Bottles and Containers Market ?
• What is the growth rate of the Glass Bottles and Containers Market?
• Which are the factors expected to drive the Glass Bottles and Containers market growth?
• What are the different segments of the Glass Bottles and Containers Market?
• What growth strategies are the players considering to increase their presence in Glass Bottles and Containers?
• What are the upcoming industry applications and trends for the Glass Bottles and Containers Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Glass Bottles and Containers Market?
• What major challenges could the Glass Bottles and Containers Market face in the future?
• What segments are covered in the Glass Bottles and Containers Market?
• Who are the leading companies and what are their portfolios in Glass Bottles and Containers Market?
• What segments are covered in the Glass Bottles and Containers Market?
• Who are the key players in the Glass Bottles and Containers market?

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Issued By MMR
Business Address Ambegoan
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Categories Business
Last Updated July 1, 2024