Glass Packaging Market Size

  • Report ID: 4645
  • Published Date: Nov 09, 2022
  • Report Format: PDF, PPT

Glass Packaging Market Size

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.

Glass Packaging Market
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Author Credits:  Abhishek Anil

  • Report ID: 4645
  • Published Date: Nov 09, 2022
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing consumption and export/import volume of alcohol is estimated to majorly boost market growth.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2033.

A decline in the supply-chain due to COVID-19 is estimated to challenge market growth.

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.

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.

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.

The market is segmented by glass type, application, and by region.

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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