The glass bottles market is expected to increase from US$ 40.2 billion in 2023 to US$ 70.2 billion by 2033, at a 5.7% CAGR from 2023 to 2033.
Glass bottles have been a popular choice for packaging various products due to their versatility, durability, and aesthetic appeal. The Glass Bottles Market has witnessed significant growth in recent years, driven by the demand for sustainable packaging solutions and the increasing awareness of the environmental impact of plastic bottles. In this article, we will explore the various aspects of the Glass Bottles Market, including its growth drivers, key players, applications, and future prospects.
Technology developments are being used in glass bottle production to provide sustainability and better personalization. The market for glass bottles is mostly driven by this aspect. This holds true for the pharmaceutical, food and beverage, cosmetics, and fragrance industries, among others. Glass has the added benefit of being easily recyclable. It also maintains its chemical inertness.
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At the same time, the fact that glass is a brittle material can’t be ignored. As such, it needs to be handled with utmost care. Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Glass Bottles Market’.
Growth Drivers for the Glass Bottles Market
- Increasing Preference for Sustainable Packaging Solutions: The growing concern over environmental sustainability has led to a shift in consumer preferences towards eco-friendly packaging options. Glass bottles, being recyclable and reusable, have gained traction as a sustainable alternative to plastic bottles.
- Rising Demand for Premium and Craft Beverages: Glass bottles are often associated with high-quality and premium beverages. The increasing popularity of craft beers, wines, spirits, and specialty drinks has fueled the demand for glass bottles, as they are perceived to enhance the product’s appeal and quality.
- Regulatory Initiatives and Bans on Single-Use Plastics: Governments worldwide are implementing stringent regulations and bans on single-use plastics, including plastic bottles. This has propelled the demand for alternative packaging materials, such as glass bottles, that offer a more sustainable solution.
- Growing Cosmetics and Personal Care Industry: The cosmetics and personal care industry has witnessed significant growth in recent years, driving the demand for packaging solutions. Glass bottles are often preferred for storing perfumes, lotions, and other beauty products due to their ability to preserve the product’s integrity and aesthetic appeal.
- Recyclability and Reusability: Glass bottles can be recycled indefinitely without losing their quality or purity. This aspect of glass packaging aligns with the circular economy principles and contributes to reducing waste and conserving resources.
Key Takeaways from Glass Bottles Market
The Asia-Pacific holds the largest market share with Australia, Japan, India, and China leading from the front. This could be credited to the fact that the food and beverages industry is expanding at a good rate in these regions. Plus, countries like Chinas are more into manufacturing pharmaceuticals. South Korea is also expected to come around due to greater demand for beauty products.
The Europe and North America are expected to grow at a significant rate in the glass bottles market going forward. This is evident from the fact that Verescence’s 3 glass production sites and 4 decoration locations in North America and Europe produce 500 Mn bottles every single year. Germany accounts for almost 25% of Europe’s market share, followed by France (12%). Also, Canada, in February 2021, saw launching of the Loop/Reusable/Returnable Packaging platform in conjunction with Loblaw Inc. for rendering waste-free shopping for several household products. Heinz Ketchup (glass) bottle has been made available on the ‘Loop’ mentioned above.
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Competitive Landscape
- Vitro, in October 2021, did announce investment close to US$ 70 Million to construct a new-fangled ‘Container’ furnace at Vitro plant based out of Toluca (State of Mexico). The furnace would be providing extra capacity for supporting customers and their requirements regarding glass containers.
- Verescence, in November 2021, did announce launching Verre Infini 20 (Infinite Glass) that does combine 20% PCR and glass tint for addressing upscale businesses’ visual needs. Spain and France are already making the composition. The US began this year and South Korea next year.
- Saverglass, in November 2021, did open a multi-service warehouse spanning 430,000 square feet in Fairfield (California) with the objective of providing alcohol and wine companies quick access to a wide range of the glass bottle services.
- Stoezle Oberglass, in February 2022, completed rebuilding and expanding its flint furnace. It’s an investment worth EUR 22 Mn aimed at making manufacturing site all the more sustainable and efficient with respect to carbon dioxide emissions and energy emissions. It claims to reach close to 270 tons of melted glass on the daily basis. 13% of energy could be saved per ton of glass.
- Owens-Illinois, in October 2021, did announce spending US$ 178.8 Mn on its two novel facilities based out of Brazil.
- ALPLA Group, in August 2021, did announce acquiring Wolf Plastics Group for expanding the product portfolio and expand the presence in Southeastern and Central Europe.
“With consumption of beer increasing worldwide, the global glass bottles market is slated to grow on an astonishing note in the near future”, says an analyst from Future Market Insights.
Future Outlook of the Glass Bottles Market
The Glass Bottles Market is expected to witness steady growth in the coming years. The increasing emphasis on sustainable packaging solutions, coupled with the rising demand for premium and craft beverages, will continue to drive the market. Furthermore, advancements in glass manufacturing technologies, such as lightweighting and improved insulation properties, are likely to create new growth opportunities for the industry.
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How does the Report bottle itself?
The research study is based on grade (Type I, Type II, and Type III), by manufacturing process (tubing and blown), by capacity (up to 50 ml, 51 – 200 ml, 201 – 500 ml, 501 – 1000 ml, and 1001 ml & above. By end-user, it’s food, beverages, pharmaceuticals, personal care & cosmetics, perfume & fragrances, chemicals, and likewise.
The fact that glass stays inert irrespective of the drinks the glass bottle contains is expected to drive the glass bottles market in the forecast period.
Glass Bottles Market by Category
By Grade:
- Type I
- Type II
- Type III
By Manufacturing Process:
- Blown
- Tubing
By Capacity:
- Up to 50 ml
- 51 – 200 ml
- 201 – 500 ml
- 501 – 1000 ml
- 1001 ml & Above
By End User:
- Food
- Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Perfume & Fragrances
- Chemicals
- Others
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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