Glass Packaging Market - Growth, Trends, and Forecast (2019 - 2024)

The Glass Packaging Market is Segmented by End-user Industry (Food, Beverage, Personal Care, Healthcare, Household Care, Other End-user Industries), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Europe

Largest Market:

Asia Pacific

CAGR:

4.39%

Key Players:

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Market Overview

The global glass packaging market was estimated at USD 54.26 billion in 2018, and it is expected to register a CAGR of 4.39%, to reach USD 70.21 billion by 2024. Glass packaging is considered as one of the most trusted forms of packaging for health, taste, and environmental safety. Glass packaging, which is considered premium, maintains the freshness and safety of the product. This can ensure its continuous usage, worldwide, across a range of end-user industries, despite the heavy competition from plastic packaging.

  • Rising consumer demand for safe and healthier packaging is helping glass packaging grow in different categories. Also, innovative technologies for embossing, shaping and adding artistic finishes to glass are making glass packaging more desirable among end-users. Furthermore, factors such as the increasing demand for eco-friendly products, and the rising demand from the food and beverage market are stimulating the growth of the market. 
  • Also, the recyclable nature of glass makes it environmentally the most desired packaging type. The lightweight glass has been the significant innovation in recent times, offering the same resistance as the older glass materials and higher stability, reducing the volume of raw materials used and CO2 emitted.
  • From a regional point of view, emerging markets, like India and China, are witnessing high demand for beer, soft drinks, and ciders, due to the increasing per capita spending of the consumers and changing lifestyles. However, the increasing operational costs and growing usage of substitute products, such as plastics and tin, are restraining the market growth.

Scope of the Report

Glass is one of the most preferred packaging materials for consumers who are concerned about their health and the environment. It is made from all-natural sustainable raw materials. Glass packaging preserves the product's taste or flavor and maintains the integrity or healthiness of food and beverages. Glass is considered “GRAS” or “generally recognized as safe” by the US Food and Drug Administration. It’s also 100% recyclable and can be reused endlessly with no loss in quality or purity.

By End-user Industry
Food
Beverage
Personal care
Healthcare
Household care
Other End-users (Agricultural, etc.)
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle East & Africa

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Key Market Trends

Beverage Industry to Hold the Highest Market Share

  • The market for glass packaging, in the alcoholic beverage industry, is facing intense competition from the metal packaging segment, in the form of cans. However, it is expected to maintain its share during the forecast period, due to its usage in premium products. The growth is expected to be witnessed across different beverage products, like juices, coffee, tea, soups, non-dairy beverages, and others.
  • Among alcoholic beverages, beer witnessed tremendous growth in the past few years. The majority of beer volume is sold in glass bottles and is driving the need for increased production rates in the glass packaging industry. The increasing demand for premium variants in alcoholic drinks is driving the growth of glass bottles. Developing nations, like India, are also showing much higher quality perception for beer.
  • Returnable glass bottles are a cost-effective option for companies to deliver their products. This form of packaging is largely used in the non-alcoholic beverage industry. Currently, about 70% of the bottles used for natural mineral water are made of plastic. The choice for bottled-water packaging material is increasing, taking into account, environmental considerations. 
     
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European Market to Grow Significantly

  • Consumers in the United Kingdom have higher awareness related to the health and environmental benefits of glass bottles and are willing to pay higher costs for these benefits. Manufacturers are also realizing these trends and increasingly addressing them in their choice of packaging. 
  • The UK glass industry has the knowledge and expertise to be globally competitive. High-volume glass manufacturing contributes around GBP 1.3 billion to the UK economy each year. The United Kingdom also acts as the central hub of the European economy, when it comes to exports. According to the Environment, Food, and Rural Affairs, the food and drink exports exceeded GBP 22 billion in 2017, up from GBP 20.2 billion in 2016. 
  • Lightweight glass has been the major innovation in recent times, offering the same resistance as the older glass materials and higher stability, while reducing the volume of the raw materials used. Also, alcoholic drinks are expected to lead the way for the glass packaging market, owing to the decent sales of beer and whiskey in the United Kingdom, with an increasing demand for premium variants. 
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Competitive Landscape

The global glass packaging market is highly competitive, due to the strong presence of major players worldwide. The competition is also intense due to the presence of substitutes, as many companies in the industry are trying to consistently innovate, in order to retain the market share.

  • April 2019: Owens Illinois entered into a definitive agreement to acquire Nueva Fanal, which is located near Mexico City, and is a container glass manufacturing facility from Grupo Modelo.
  • November 2018: Piramal Glass deployed Microsoft’s Azure IoT platform to digitally transform its manufacturing operations. The company was an early adopter of the technology and implemented Real-Time Manufacturing Insights (RTMI) on 46 production lines, across their four plants.

Major Players

  1. Piramal Glass Private Limited
  2. Owens-Illinois Inc.
  3. Amcor Limited
  4. Bemis Company Inc.
  5. Westpack LLC

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Market Definition

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Demand for Eco-friendly Products

      2. 4.2.2 Rising Demand from the Food and Beverage Market

    3. 4.3 Market Restraints

      1. 4.3.1 Rising Operational Costs

      2. 4.3.2 Growing Usage of Substitute Products (Plastic)

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Industry Policies

  5. 5. TECHNOLOGY SNAPSHOT

  6. 6. MARKET SEGMENTATION

    1. 6.1 By End-user Industry

      1. 6.1.1 Food

      2. 6.1.2 Beverage

      3. 6.1.3 Personal care

      4. 6.1.4 Healthcare

      5. 6.1.5 Household care

      6. 6.1.6 Other End-users (Agricultural, etc.)

    2. 6.2 Geography

      1. 6.2.1 North America

        1. 6.2.1.1 United States

        2. 6.2.1.2 Canada

      2. 6.2.2 Europe

        1. 6.2.2.1 United Kingdom

        2. 6.2.2.2 Germany

        3. 6.2.2.3 France

        4. 6.2.2.4 Rest of Europe

      3. 6.2.3 Asia-Pacific

        1. 6.2.3.1 Japan

        2. 6.2.3.2 China

        3. 6.2.3.3 India

        4. 6.2.3.4 Rest of Asia-Pacific

      4. 6.2.4 Latin America

        1. 6.2.4.1 Brazil

        2. 6.2.4.2 Mexico

        3. 6.2.4.3 Rest of Latin America

      5. 6.2.5 Middle East & Africa

        1. 6.2.5.1 Saudi Arabia

        2. 6.2.5.2 United Arab Emirates

        3. 6.2.5.3 South Africa

        4. 6.2.5.4 Rest of Middle East & Africa

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Piramal Glass Private Limited

      2. 7.1.2 Owens Illinois Inc.

      3. 7.1.3 Amcor Ltd.

      4. 7.1.4 Bemis Company Inc.

      5. 7.1.5 WestPack LLC

      6. 7.1.6 Sonoco Products Company

      7. 7.1.7 Uhlmann Group

      8. 7.1.8 Gerresheimer AG

      9. 7.1.9 Hindustan National Glass & Industries Ltd.

      10. 7.1.10 Ardagh Group

      11. 7.1.11 HEINZ-GLAS GmbH & Co. KGaA

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. MARKET OPPORTUNITIES AND FUTURE TRENDS

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