Glass Packaging Market Analysis by Glass Type (Super Premium, Premium, Standard, and Others); and by Application (Food & Beverage, Personal Care, Cosmetics, Pharmaceuticals, Household Care, Agriculture, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
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.
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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 |
The global glass packaging market is estimated to garner a revenue of USD 100 billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 70 billion in the year 2022. 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.
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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.
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.
Convenient Recycling of the Glass Bottles
It was observed that approximately 40% of bottles of beer and soft drinks were recovered for recycling in 2018.
Higher Demand for Glass Packaging in Fragrance Industry
In 2018, the sales volume of perfume was estimated to be about USD 45 billion worldwide, out of which, around USD 450 million came from the women’s segment alone.
Increasing Utilization of Glass Packaging in Tea & Coffee
For instance, approximately 300 billion liters of tea were consumed in 2021.
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.
Regionally, the global glass packaging market 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.
The global glass packaging market is further classified on the basis of region as follows:
Our in-depth analysis of the global glass packaging market includes the following segments:
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By Glass Type |
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By Application |
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Ans: Growing consumption and export/import volume of alcohol is estimated to majorly boost market growth.
Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.
Ans: A decline in the supply-chain due to COVID-19 is estimated to challenge market growth.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are PGP Glass Private Limited, Verallia Group, Bormioli Luigi S.p.A., VITRO Flat Glass LLC, Stoelzle Oberglas GmbH, Amcor Limited, Mondi plc, Gerresheimer AG, Westpack LLC, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by glass type, application, and by region.
Ans: The food & beverage segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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