Glass Container Market

Oct 28, 2023

The global glass container market is expected to grow at a CAGR of 5.2% from 2023 to 2033. The growth of the market is attributed to the increasing demand for glass containers in the beverage packaging, food & personal care, and pharmaceutical industries. Glass containers are inert and non-reactive, making them ideal for storing food and beverages. They are also recyclable and sustainable, which is driving their demand in the packaging industry.

The market for glass containers is anticipated to reach a valuation of US$ 61.5 billion in 2023 and US$ 102.5 billion by 2033. During the projection period, a CAGR of 5.2% is expected in the market.

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The beverage packaging segment is expected to be the largest market for glass containers. The growth of this segment is driven by the increasing demand for alcoholic beverages, juices, and soft drinks. The food & personal care segment is also expected to grow at a significant rate due to the increasing demand for glass containers for storing food, cosmetics, and toiletries.

The Asia Pacific region is expected to be the fastest-growing market for glass containers. The growth of the market in this region is attributed to rising disposable income, increasing urbanization, and growing consumer preference for aesthetic packaging.

Here are some of the key trends in the glass container market:

The glass container market is a dynamic and competitive market. The key players are constantly innovating and introducing new products to meet the changing demands of the customers. The market is expected to witness significant growth in the coming years.

The following are some market-influencing factors:

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This market is expected to gain momentum in the upcoming future, as demand for the luxury packaging market is gaining importance across the world.

With US estimated to remain as one of the most lucrative markets throughout the course of the forecast period, Asian countries like China will drive the market in the projected years. Due to the COVID-19 outbreak there have been an increase in demand for medical equipment's and glass made items like ampoules, vials, bottles, and others in China. The demand increases with the surge in the number of COVID-19 cases. Besides that, many factors like the increase in consumption of alcoholic beverages is expected to fuel the market growth further.

"The need for establishing production lines with advanced systems so as to respond to increasing requests for customization with high efficiency and small lead time have left profound impact on the market. These efforts have been historically crucial in fuelling the demand for glass container." Remarks Future Market Insights analysts.

Key Takeaways from Future Market Insights’ Glass containers market study

By product type, lightweight bottles will be highly preferred by industries and customers alike, owing to the change in behaviour pattern in consumers and rising environmental concerns

Glass containers market: prominent drivers

Glass containers market: Key restraints

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Competitive Insights

There is a preference of the glass containers over metal and plastic ones due to rising environment concerns. This surge in demands will create the entries of new companies into this sector and the key market players are projected to continue their expansion during the years 2021-2031

Glass Container Market Segmentation by Category:

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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