Argentina Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.56 Million tonnes |
| Market Volume (2029) | 0.76 Million tonnes |
| CAGR (2024 - 2029) | 5.18 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Container Glass Market Analysis
The Argentina Container Glass Market size in terms of shipment volume is expected to grow from 0.56 Million tonnes in 2024 to 0.76 Million tonnes by 2029, at a CAGR of 5.18% during the forecast period (2024-2029).
Argentina's container glass market is a pivotal element of the nation's packaging industry. Glass is renowned for its durability, versatility, and recyclability. It boasts advantages like inertness and impermeability, ensuring product integrity across diverse sectors, from beverages and food to pharmaceuticals and cosmetics.
- Argentina's beverage sector, especially wine, beer, and soft drinks, is witnessing significant growth. This expansion drives up the demand for glass containers, which are favored for their ability to maintain product quality and taste. According to 8Wines S.R.O, the country, praised for its exquisite wine regions and picturesque vineyards, has witnessed significant shifts in wine consumption.
- According to the European Commission, modern retail formats, including supermarkets, hypermarkets, and convenience stores, are gaining traction in Argentina. These retailers often feature a diverse array of imported products. This presents an opportunity for EU exporters to tap into Argentina's consumer market through strategic partnerships. The retail industry would create opportunities for container glass products in the country.
- The demand for premium and visually appealing glass packaging for food and beverages has surged in Argentina, especially in regions like Mendoza, which is renowned for its wine production. This prominence boosts the demand for export-quality glass bottles, influencing the container glass market.
- Backing from consumers, it increasingly prefers sustainable packaging. Glass is recyclable and viewed as more eco-friendly than plastic, so it sees heightened demand from environmentally conscious consumers and brands. Moreover, building on the success of its pilot program and with backing from the Alliance and member Amcor, Delterra is expanding its GIRO Argentina initiative. This rollout targets 120,000 residents in Olavarría, onboarding 10,000 to 15,000 households every two months. With these efforts, Olavarría is poised to achieve one of the highest recycling rates in Latin America.
- Argentina's economy has seen fluctuations marked by inflation, currency devaluation, and shifting interest rates. Such dynamics influence both consumer purchasing power and investments in the glass industry. Argentina enforces import regulations which might restrict access to essential raw materials and equipment for glass production, potentially driving up production costs and diminishing competitiveness.
Argentina Container Glass Market Trends
Market Growth Driven by Sustainable Trends and Economic Factors
- The container glass market is set to expand during the forecast period, driven by increasing demand from the food and beverage, personal care, and cosmetics sectors. Argentina boasts a significant urbanization rate. In 2018, with an estimated population of around 44.5 million, over 92% resided in urban locales.
- Notably, 47.6% of this urban populace is concentrated in just eight significant agglomerations, predominantly in the Metropolitan area of Buenos Aires. According to the World Bank, urbanization in 2019 was 91.99%, increasing to 92.46% in 2023. A rise in urbanization in the country will also create demand for the container glass market across end-user industries such as beverages.
- Moreover, Argentina's working population has been increasing, with the number of employed people, labor force participation rate, and employment rate increasing. According to the Centre for the Study of Education in an International Context (CEIC), Argentina's household income amounted to USD 4,522.74 in 2023 and USD 3,213.34 in 2020. With rising disposable incomes, consumers are more willing to invest in premium and healthier beverage options.
- For decades, the impact of plastic pollution on marine ecosystems and organisms has been witnessed. However, growing concerns have emerged regarding the potential repercussions of plastic pollution on human health. CONICET, or the National Scientific and Technical Research Council, is an Argentine government agency that coordinates and directs most of the country's scientific and technical research; in Argentina, annual plastic consumption reaches 1.7 million tons, predominantly driven by disposable packaging, which constitutes the bulk of post-use waste.
- Moreover, the growing demand for beauty and wellness products has fueled the industry's growth. With increased awareness, consumers are placing a premium on sustainable, natural, and organic beauty offerings. Consumers are not just avoiding harmful chemicals, but they are actively gravitating towards products made from natural and organic ingredients. According to UN Comtrade, exports of cosmetics and personal care products from Argentina in 2023, the deodorants, bath & shaving products took the top position with USD 57.76 million, followed by Hair care products and others.
Beverage Segment Set for Robust Growth
- The container glass market is increasingly favored for alcoholic beverages to preserve their taste and flavor. Glass packaging maintains these qualities. Furthermore, glass bottles shield beer and cider from heat and light, making them an optimal choice. In contrast, the beverage segment predominantly opts for colored glass bottles.
- Argentina has one of South America's most well-developed tea and coffee markets. The country’s coffee culture is characterized by Italian-style coffee, which is popular among people of all ages and is served by many cafes and restaurants in Argentina. Recently, consumers’ preference has shifted to hot drinks rather than sugary drinks, which harm consumers’ health.
- With the growing trend of urbanization and an increasing number of the busy population, the demand for ready-to-drink coffee s rising across the country. In July 2023, an Argentina-based healthy beverage firm Acquired a majority stake in the United States High Brew RTD Coffee. Such emergence of non-alcoholic ready-to-drink beverages is expected to create opportunities for glass manufacturers to initiate newer product packaging options across the market.
- Further, the sector is also facing challenges with the rising inflation and onsumers are paying more for products. This price increase allows brands to offset the rising costs of packaging and manufacturing materials. According to Instituto Nacional de Estadística y Censos (Argentina), the monthly change in food and non-alcoholic beverage price in Argentina in September 2023 was 14.3% and it has increased to 29.7% in December 2023.
- In Argentina, the government is actively backing glass packaging initiatives, implementing crucial measures, and extending support to companies in the sector. Recently, Argentina enacted a regulation targeting plastic waste and its detrimental environmental effects. These stringent anti-plastic measures are poised to elevate the demand for glass packaging, especially in the non-alcoholic beverages segment.
Argentina Container Glass Market News
- October 2024: Algodon Fine Wines, a renowned producer of premium Argentine wines, unveiled its latest and most eagerly awaited addition: The Mauro Nosenzo Black Label Signature Blend 2021. In a historic first, this exceptional selection from the esteemed winemaker is gracing the shelves of the United States, inviting American wine enthusiasts to savor the artistry and dedication behind this limited-edition offering. This might create opportunities for container glass in the wine industry.
- August 2024: According to the world's premier drinks trade publication, the Drinks Business, the Argentine wine producer Zuccardi is set to make waves with the launch of its custom-made lightweight bottle for the Finca Canal de Uco, debuting next month on Le Place de Bordeaux. While many South American wineries have begun using lighter bottles for their mid-range and budget wines, Zuccardi's decision stands out. They are introducing this change with their premium, age-worthy icon wines. This bold step highlights Zuccardi's innovative approach and sends a strong message to the broader wine industry in Argentina and internationally.
Argentina Container Glass Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 PESTEL ANALYSIS - Container Glass Industry in Argentina
4.3 Industry Standards and Regulations for Container Glass for Packaging
4.4 Raw Material Analysis & Material Considerations for Packaging
4.5 Sustainability Trends for Packaging
4.6 Container Glass Furnace Capacity and Location in Argentina
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand from Beverages to Drive the Market Growth
5.1.2 Sustainable Trends and Economic Factors to Push the Market Growth
5.2 Market Restraint
5.2.1 Operational Costs and the Availability of Alternative Materials
5.3 Analysis of the Current Positioning of Argentina in the Latin America Container Glass Market
5.4 Trade Scenario - Analysis of the Historical and Current Export-Import Paradigm for the Container Glass Industry in Argentina
6. MARKET SEGMENTATION
6.1 End-user Industry
6.1.1 Beverage
6.1.1.1 Alcoholic Beverages
6.1.1.1.1 Wines and Spirits
6.1.1.1.2 Beer and Cider
6.1.1.1.3 Other Alcoholic Beverages
6.1.1.2 Non-Alcoholic Beverages
6.1.1.2.1 Carbonated Drinks
6.1.1.2.2 Juices
6.1.1.2.3 Water
6.1.1.2.4 Dairy-Based
6.1.1.2.5 Flavored Drinks
6.1.1.2.6 Other Non-Alcoholic Beverages
6.1.2 Food
6.1.3 Cosmetics
6.1.4 Pharmaceuticals
6.1.5 Other End user verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Schott AG
7.1.2 Glas Car SA
7.1.3 Rigolleau SA
7.1.4 Moma Envases Y Soluciones
7.1.5 Corning Incorporated
7.1.6 Verallia Packaging
- *List Not Exhaustive
8. SUPPLEMENTARY COVERAGE - ANALYSIS OF MAJOR FURNACE SUPPLIERS TO CONTAINER GLASS PLANTS IN ARGENTINA
9. FUTURE OUTLOOK OF THE MARKET
Argentina Container Glass Industry Segmentation
Glass Containers refer to clean bottles and jars made from glass. The scope excludes windows and other non-container glass products. Container glass is used in the alcoholic and non-alcoholic beverage industries due to its ability to maintain chemical inertness, sterility, and non-permeability. Glass packaging is valued for its unique properties, including its transparency, inertness, and ability to preserve the quality and integrity of its contents.
Argentina Container Glass Market is Segmented by End-User Industry ((Beverages (Alcoholic Beverages (Wines and Spirits, Beer and Cider, and Other Alcoholic Beverages) and Non-Alcoholic Beverages (Carbonated Drinks, Juices, Water, Dairy-Based, Flavored Drinks, Other Non-Alcoholic Beverages)), Food, Cosmetics, Pharmaceuticals, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Volume (Tonnes) for all the Above Segments.
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Argentina Container Glass Market Research Faqs
How big is the Argentina Container Glass Market?
The Argentina Container Glass Market size is expected to reach 0.56 million tonnes in 2024 and grow at a CAGR of 5.18% to reach 0.76 million tonnes by 2029.
What is the current Argentina Container Glass Market size?
In 2024, the Argentina Container Glass Market size is expected to reach 0.56 million tonnes.
What years does this Argentina Container Glass Market cover, and what was the market size in 2023?
In 2023, the Argentina Container Glass Market size was estimated at 0.53 million tonnes. The report covers the Argentina Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Container Glass Industry Report
Statistics for the 2024 Argentina Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Container Glass analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
