By 2032, the Middle East and Africa retail glass packaging market is expected to consistently expand at a 6.2% CAGR. The market is expected to expand its revenue share from US$ billion 1.8 in 2022 to US$ 3.2 billion by 2032.
By 2032, the Europe retail glass packaging market is predicted to expand at a 4.1% CAGR. The market is expected to expand its revenue share from US$ billion 7.8 in 2022 to US$ 11.6 billion by 2032.
The Europe and Middle East and Africa (EMEA) retail glass packaging market has witnessed significant growth in recent years due to the increasing demand for eco-friendly and sustainable packaging solutions. Glass is a highly preferred packaging material due to its unique properties such as being non-reactive, impermeable, and recyclable.
The Europe and Middle East and Africa (EMEA) region encompasses a diverse range of countries with varying economic landscapes. The retail glass packaging market in this region has witnessed significant growth over the years, driven by several factors such as increasing consumer awareness about sustainable packaging, rising demand for premium products, and stringent regulations on plastic packaging.
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Recent Developments
- The Coca-Cola Europacific Partners (CCEP) brands Fuze Tea, Tropico, Sprite, Fanta, and Minute Maid are marketed in France starting in May 2022.
- They are in a universal 250ml bottle that can be returned, cleaned, and refilled for use in lodging establishments, eateries, and cafes.
- Along with the other brands, Coca-Cola Original, Coca-Cola Zero, and Coca-Cola Cherry are now offered in 350ml returnable glass bottles.
- The product portfolio of PepsiCo offers a variety of delectable foods and beverages, including several legendary brands with projected annual retail sales of more than $1 billion each.
Key players
- O-I Glass, Inc.
- Ardagh Group SA
- Gerresheimer AG
- Schott AG
- Bormioli Rocco S.p.A.
- Vetropack Holding AG
- Vidrala SA
- Vitro Packaging, LLC
- Wiegand-Glas GmbH
- Heinz-Glas GmbH & Co. KGaA.
- Stölzle-Oberglas GmbH
- SGD Pharma
- MEG
- Saverglass SAS
- Verallia SA
- Saudi Arabian Glass Co. Ltd
Market Dynamics: Trends and Drivers
Growing Demand for Premium Products
The EMEA region has experienced a surge in demand for premium products across various industries, including food and beverages, cosmetics, and pharmaceuticals. Glass packaging, with its premium look and feel, aligns perfectly with this trend. Premium products often come with higher price tags, and glass packaging adds perceived value to these offerings, making them more desirable to consumers.
Regulatory Framework and Environmental Concerns
Governments across the EMEA region have been actively implementing regulations to promote sustainable packaging practices and reduce plastic waste. This has led to the adoption of eco-friendly alternatives, such as glass packaging, by retailers. In addition, consumers are becoming increasingly conscious of the environmental impact of their purchasing decisions, driving the demand for sustainable packaging solutions.
Advancements in Glass Manufacturing Technology
The glass manufacturing industry has witnessed remarkable advancements in recent years, making the production of glass packaging more efficient and cost-effective. Innovations in glass forming techniques, automation, and energy-efficient manufacturing processes have enabled manufacturers to meet the growing demand for glass packaging while maintaining competitive pricing.
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Key Segments
By Packaging Formats:
- Bottles
- Jars
- Vials
- Ampoules
- Syringes
- Cartridges
- Others
By Grade:
- Type I
- Type II
- Type III
- Type IV
By Capacity:
- Up to 50 ml
- 51 to 250 ml
- 251 to 750 ml
- Above 750 ml
By End Use:
- Food
- Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
- Other Industrial
Key Benefits
- This report provides a quantitative analysis of the current Europe and the Middle East and Africa Retail Glass Packaging market trend, market opportunities, estimations, and dynamics of the Europe and the Middle East and Africa Retail Glass Packaging market analysis from 2023 to 2033 to identify the prevailing Europe and the Middle East and Africa Retail Glass Packaging market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities. - Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of Europe and the Middle East and Africa Retail Glass Packaging market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global electrostatic discharge (esd) packaging market trends, key players, market segments, application areas, and market growth strategies.
Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report! https://www.futuremarketinsights.com/checkout/16532
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