Glass Packaging Market size is set to cross USD 100 Billion by the end of 2033, expanding around 5% CAGR during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of glass packaging was USD 70 Billion. The growth of the market can primarily be accounted to the growing utilization of glass bottles owing to the higher consumption of beverages. For instance, it was estimated that approximately 65% of adults consume sugar-sweetened beverages on a daily basis.
Global glass packaging market trends such as, rising sales of ready-to-eat meals and growing demand for snacks are projected to influence the growth of the market positively over the forecast period. For instance, in 2022, about USD 55 billion of revenue was solely generated by ready-to-eat meals. Moreover, the rising inclination of the population toward social drinking and significant increment in disposable income is further expected to hike the growth of the market over the forecast period. In 2021, the disposable income in the United States is estimated to be approximately USD 15 trillion. Such factors are anticipated to hike the growth of the market over the forecast period.
Growth Drivers
Growing Consumption and Export/Import Volume of Alcohol - As of 2022, alcoholic beverage worth nearly USD 275 million was exported from India while the total import volume in India from the United States was valued at around USD 300 million.Alcohol is consumed on a higher scale across the globe every day. For instance, approximately 70% people of the population reported having some sort of drinking disorder. Additionally, alcohol has other utilization in cosmetics, medicines, and other verticals and it is highly packed in glass bottles for distribution. Hence, such a higher utilization is estimated to push the market growth over the forecast period.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 70 Billion |
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Forecast Year Market Size (2033) |
~ USD 100 Billion |
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Regional Scope |
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Application (Food & Beverage, Personal Care, Cosmetics, Pharmaceuticals, Household Care, Agriculture)
The global glass packaging market is segmented and analyzed for demand and supply by application into food & beverage, personal care, cosmetics, pharmaceuticals, household care, agriculture, and others, out of which, the food & beverage segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the higher demand for glass packaging in the respective industry. As of 2022, the food and drink segment was valued at about USD 0.75 billion.
Our in-depth analysis of the global market includes the following segments:
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By Glass Type |
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By Application |
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Regionally, the market for glass packaging is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2033. The growth of the market can be ascribed to the rising population boosting the demand for alcohol, ready-to-eat meals, and soft drinks, and changing perception toward social drinking. It was observed that in 2018, the total population of Asia Pacific reached nearly 4500 million and is further estimated to rise exponentially. Therefore, such factors are anticipated to hike the growth of the market in the region during the forecast period.
Stoelzle Oberglas GmbH to receive an award from UK Packaging Awards 2022 for its Dragon Slayer Gin bottle. Both the bottle and gin represent the heritage and culture of dragon folklore and are made with locally sourced ingredients.
Ardagh Group S.A. unit Ardagh Glass packaging to collaborate with Belvoir Farm and B&B Studio. The collaboration between these companies took place to develop a new design of glass bottles to be launched within the upcoming range of Belvoir Farm for non-alcoholic Botanical Sodas.
Author Credits: Sadaf Naaz, Mohd Shadab
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