Market Share of Glass Packaging Industry
The global glass packaging market is fragmented due to the strong presence of major players worldwide, like Piramal Glass Private Limited, Owens-Illinois Inc., Westpack LLC, Gerresheimer AG, and Ardagh Group. The competition is also intense due to the presence of substitutes, as many companies in the industry are trying to innovate consistently to retain their market share.
April 2024: O-I Glass Inc. (O-I Glass) significantly refurbished its Zipaquira (Colombia) manufacturing site to improve sustainability, flexibility, and productivity. O-I Glass invested approximately USD 120 million in this refurbishment, which aligns with sustainability strategy, ongoing investments in plant upgrades, and a previously announced capital expenditure plan. The refurbishment included installing a state-of-the-art furnace with proven oxy/fuel combustion and waste heat recovery technology.
February 2024: Telangana announced that it will collaborate with SGD Pharma and Corning Inc. to bring modern technology and manufacturing expertise to this area. This collaboration will combine Corning’s high-quality pharmaceutical tubing technology with SGD Pharma’s glass vial manufacturing and conversion expertise. This will secure SGD Pharma’s tubing capacities to supply primary packaging to its Indian and international customers from Telangana, India.
Glass Packaging Market Leaders
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Piramal Glass Private Limited
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Owens-Illinois Inc.
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Gerresheimer AG
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Ardagh Group
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SGD S.A. (SGD Pharma)
*Disclaimer: Major Players sorted in no particular order
