Glass Forming Machine Market size is anticipated to cross USD 1300 Billion by the end of 2036, growing at a CAGR of 5% during the time period 2024-2036. In the year 2023, the industry size of glass forming machine was over USD 300 Billion. The growth of this market can be attributed to the back increasing demand in the food & beverage sector. Glass packing is regarded as a premium and sustainable option for food and beverage products leading to increased demand in this sector. PepsiCo aims to minimize the use of 67 billion plastic containers by 2025, and as an alternative, it is anticipated that glass bottles will be used.
With the introduction of glass forming machines and the expansion of new machinery technologies, conventional glass products - such as flat glass, dishes, boxes, tubes and rods, and fiberglass - that are created from glass melted during the melting process have undergone tremendous change. This is particularly true when producing big quantities of glass goods, which can greatly increase machinery sales. The production property of shaping machinery is driving up demand for it.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024 - 2036 |
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CAGR |
~5% |
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Base Year Market Size (2023) |
~USD 300 Billion |
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Forecast Year Market Size (2036) |
~USD 1300 Billion |
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Regional Synopsis |
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End-Use (Health-Care, Chemical, Food & Beverages, Laboratories)
In terms of end user segment, the food & beverage segment is expected to hold 40% share of the global glass forming machine market by the end of 2036. In the manufacture of large volumes of glass products for end-use sectors, a glass-forming machine shall also be used extensively. Glass packaging is highly used in the food & beverage sector owing to the high penetration of food globally. The majority of food and beverage sales are generated by supermarkets and shopping centers, representing an 85 percent market share in 2021. However, sales are likely to improve over the assessment period despite lockdown and shelter-at-home guidelines limiting production activities. As a result, the growth of the food and beverage sector has been driven by continuous investments in manufacturing as well as production linked to them, thereby maintaining market growth for glass-formed machinery throughout the pandemic period.
Method Type (Blow & Blow, Press &Blow Method)
Glass forming machine market from the press & blow segment is predicted to grow significantly registering a growth of 30% by the end of the forecast period. This method is highly utilized to make glass containers with narrow necks such as vials and jars. They offer amazing grip over the shape and thickness of the boxes. Manufacturers are increasingly investing in automated press & blow machines to enhance production efficiency and reduce labor costs. Furthermore, manufacturers are also developing press and blow machines that are lighter, stronger, and more durable.
Our in-depth analysis of the global glass forming machine market includes the following segments:
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Method Type |
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End-Use |
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APAC Market Forecasts
The glass forming machine market in Asia Pacific is set to dominate the market by registering a growth of 33% during the time period between 2023 – 2036. Asia Pacific consists of the countries that are the most important contributors to glass production For instance, about 8.22 million weight cases of plate glass were produced in China as of July 2023. Demand for glass-forming machines in China is led by the food, beverage, chemical, and laboratory sectors. In addition, the region is expected to see high demand for production machinery as demand for glass molded products will continue during the forecast period.
European Market Statistics
The glass forming machine market in the Europe region is set to hold a substantial revenue share by the end of 2036. The EU holds a significant share of the world's glass exports, which has continued to be an important driver of demand for glass-making machines. In spite of the challenges created by COVID-19, EU production and exports continued to grow steadily in 2020. The main players in Europe's region are Germany, Italy, and France which provide a number of opportunities for suppliers of raw materials and machinery.
Author Credits: Rushikesh, Richa Gupta
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