Bolivia Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.2 Million tons |
| Market Volume (2029) | 0.26 Million tons |
| CAGR (2024 - 2029) | 5.39 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bolivia Container Glass Market Analysis
The Bolivia Container Glass Market size in terms of shipment volume is expected to grow from 0.2 Million tons in 2024 to 0.26 Million tons by 2029, at a CAGR of 5.39% during the forecast period (2024-2029).
As awareness of environmental issues rises, so does the demand for recyclable materials. Glass stands out as a 100% recyclable material that can be reused indefinitely without losing quality.
- Consumers are increasingly gravitating towards premium packaging materials in the country. Glass, often viewed as a high-quality and safe choice for food and beverages, has gained traction in food, drinks, cosmetics, and pharmaceuticals.
- The surging demand for craft beer, wine, spirits, and non-alcoholic drinks has left a notable mark on the container glass market. Brands within these sectors opt for glass packaging, believing it elevates their product's perception.
- Bolivia's Law of the Rights of Mother Earth stands out as one of the pioneering national environmental legislations, equating the rights of natural entities with those of humans. In May 2019, La Paz became the first city in Bolivia to legislate a ban on plastic packaging, such as PET bottles and all single-use plastics. Such bans on plastic packaging would encourage container glass packaging in the country as part of sustainable trends.
- The Ministry of Foreign Trade and Integration recently revealed that the nation has curtailed its imports by over 658,000 tonnes across 200+ products, notably in sectors like food and beverages. This reduction stems from policies promoting industrialization, manufacturing, substituting imports, and bolstering local production. This would encourage the manufacturers to manufacture container glass domestically over the forecast period.
- The country might witness challenges due to economic instability, inflation, and fluctuating exchange rates, which can influence purchasing power and consumer demand for glass containers. Glass containers face a significant challenge from the rising adoption of plastics, metals, and composites as alternatives. These substitutes are frequently lighter, more affordable, and viewed as more convenient.
Bolivia Container Glass Market Trends
Beverage Segment to Hold Significant Market Share
- Several factors shape the beverage industry in Bolivia, including economic conditions, consumer preferences, cultural influences, and prevailing market trends. Bolivia's economic growth has bolstered consumers' disposable incomes, leading to heightened demand across various beverage categories, both non-alcoholic and alcoholic.
- According to a World Bank survey, Bolivia's disposable income in 2020 was USD 31.29 billion, and it increased to USD 38.50 billion in 2023. The country's increase in disposable income is expected to drive the need for premium packaging solutions across end-user industries, driving the demand for the container glass market.
- Bolivians are increasingly gravitating towards healthier beverage choices. This trend has spurred demand for natural juices, low-sugar carbonated soft drinks, and functional beverages boasting health benefits. While global beverage brands vie for attention, traditional Bolivian beverages like "chicha" (a fermented corn drink) and "api" (a spiced corn-based hot drink) continue to thrive. Their cultural significance ensures sustained demand.
- Glass milk bottles are a leading choice for milk packaging. For decades, households have relied on glass bottles. Further, in 2023, Bolivia imported sweetened milk and cream worth USD 15.01 million, marking a roughly 2% rise from the prior year, as reported by UN Comtrade. During the forecast period, the growth is driven by the surging demand for refillable and reusable glass bottles.
Pharmaceutical Sector to Witness Growth Over the Forecast Period
- While Bolivia's pharmaceutical market is modest compared to its Latin American counterparts, it is on a steady growth trajectory. This growth is fueled by rising healthcare demands and proactive government initiatives to enhance healthcare access.
- According to the International Trade Administration, the Bolivian Constitution ensures public access to medicines and emphasizes the significance of domestic production of generic drugs. Each geographic department in Bolivia manages its procurement. These departments frequently purchase equipment and supplies in bulk, often showing a preference for U.S. products.
- However, Bolivia allows the importation of medical devices and pharmaceuticals, and local production is minimal, making importation essential. Bolivia does produce a limited range of pharmaceutical products, primarily for its domestic market. Importing pharmaceutical products into the country can create opportunities for container glass manufacturers to manufacture locally.
- According to UN Comtrade, the value of pharmaceutical imports into Bolivia in 2020 was USD 238.74 million and it has reached USD 247.05 million in 2023. Rise in value of pharmaceutical sector will promote the need for container glass in the country.
Bolivia Container Glass Industry Overview
Growing consumer preference for eco-friendly packaging, alongside the continuous expansion of the glass container market, is propelling its steady growth. Additionally, surging demand for beverages, organic products, and premium packaging has intensified the market's appetite for glass containers.
The Bolivia container glass market is consolidated. Key players operating in the country include global and domestic players such as Envibol, O-I Glasss, Inc., JocoGlass, and others. These companies are pursuing strategies such as new product development, expansion, and mergers and acquisitions to enhance product functionality and broaden their geographic presence in the country.
Bolivia Container Glass Market Leaders
-
Envibol
-
O-I Glass, Inc.
-
Vitro S.A.B de C.V
-
SaverGlass (Orora Group)
-
JocoGlass
*Disclaimer: Major Players sorted in no particular order
Bolivia Container Glass Market News
- May 2024: IDB Invest is set to extend financing of up to USD 5 million to Farmacias Corporativas S.A. (Farmacorp), a pharmacy chain in Bolivia. This funding aims to enhance access to medical supplies, hospital essentials, and a range of pharmaceutical products, thereby strengthening the nation's health sector. With this initiative, Farmacorp plans to broaden its reach, targeting nearly 300 sales points by 2025, alongside a boost in digital sales. Such investments would drive the demand for container glass across the pharmaceutical sector in the country.
- October 2023: According to news published by Rio Times, a news publisher, Bolivia is channeling USD 430 million into its inaugural state-owned pharmaceutical facility, a groundbreaking initiative unveiled by the government. While primarily focused on producing and distributing generic medications, the facility also has ambitions to pioneer research in natural medicine. Such investment would promote the need for container glass in the country.
Bolivia 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 Bolivia
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
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Demadn from Beverage Industry to Push the Market
5.1.2 co-Friendly and Sustainable Trends to Drive the Markt Growth
5.2 Market Restraint
5.2.1 Competition from Alternate Materials and Economic Factors to Limit Market Growth
5.3 Analysis of the Current Positioning of Bolivia in the Africa Container Glass Market
5.4 Trade Scenario - Analysis of the Historical and Current Export-Import Paradigm for the Container Glass Industry in Bolivia
6. MARKET SEGMENTATION
6.1 End-user Industry
6.1.1 Beverage
6.1.1.1 Alcoholic Beverages (Qualitative Analysis For Segment Analysis)
6.1.1.1.1 Beer and Cider
6.1.1.1.2 Wine and Spirits
6.1.1.2 Non-Alcoholic Beverages (Qualitative Analysis For Segment Analysis)
6.1.1.2.1 Carbonated Drinks
6.1.1.2.2 Water
6.1.1.2.3 Dairy-Based
6.1.1.2.4 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 Envibol
7.1.2 O-I Glass, Inc.
7.1.3 Vitro S.A.B de C.V
7.1.4 SaverGlass (Orora Group)
7.1.5 JocoGlass
8. FUTURE OUTLOOK OF THE MARKET
Bolivia Container Glass Industry Segmentation
Glass containers, specifically bottles and jars, are crafted from glass, excluding windows and other non-container glass products. Their chemical inertness, sterility, and non-permeability make them a preferred choice in both alcoholic and non-alcoholic beverage industries. Valued for its transparency and inertness, glass packaging plays a crucial role in preserving the quality and integrity of its contents.
Bolivia Container Glass Market is segmented by end-user industry ((beverages (alcoholic beverages (wines and spirits, beer and ciders) and non-alcoholic beverages (carbonated drinks, water, dairy-based, and other non-alcoholic beverages)), food, cosmetics, pharmaceuticals, and other end-user industries). The market sizes and forecasts are provided in terms of volume (tons) for all the above segments.
| End-user Industry | ||||||||||||
| ||||||||||||
| Food | ||||||||||||
| Cosmetics | ||||||||||||
| Pharmaceuticals | ||||||||||||
| Other End user Verticals |
Bolivia Container Glass Market Research FAQs
How big is the Bolivia Container Glass Market?
The Bolivia Container Glass Market size is expected to reach 0.2 million tons in 2024 and grow at a CAGR of 5.39% to reach 0.26 million tons by 2029.
What is the current Bolivia Container Glass Market size?
In 2024, the Bolivia Container Glass Market size is expected to reach 0.2 million tons.
Who are the key players in Bolivia Container Glass Market?
Envibol, O-I Glass, Inc., Vitro S.A.B de C.V, SaverGlass (Orora Group) and JocoGlass are the major companies operating in the Bolivia Container Glass Market.
What years does this Bolivia Container Glass Market cover, and what was the market size in 2023?
In 2023, the Bolivia Container Glass Market size was estimated at 0.19 million tons. The report covers the Bolivia Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bolivia Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bolivia Container Glass Industry Report
Statistics for the 2024 Bolivia Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bolivia 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.
