The Middle East and Africa retail glass packaging market is projected to witness steady growth with a CAGR of 6.2% by 2032. It is expected to experience a substantial increase in revenue from US$ 1.8 billion in 2022 to US$ 3.2 billion by the end of 2032.
The retail glass packaging market in Europe is forecasted to demonstrate a steady growth rate with a CAGR of 4.1% by 2032. During this period, the market is anticipated to witness a substantial increase in revenue, expanding from US$ 7.8 billion in 2022 to US$ 11.6 billion by 2032.
Europe and Middle East and Africa Retail Glass Packaging Market: A Rising Trend
The Europe and Middle East and Africa Retail Glass Packaging Market has experienced significant growth in recent years, fueled by the rising awareness of sustainability and the increased focus on environmentally friendly packaging solutions. Glass packaging offers several advantages, making it an ideal choice for retailers in the region.
The retail glass packaging market in Europe, the Middle East, and Africa is a booming industry that meets the packaging requirements of numerous industries, including food and beverage, cosmetics, pharmaceuticals, and more. Numerous significant firms compete in the market on the basis of elements including product quality, design, and sustainability. Excellent barrier characteristics, product visibility, and the capacity to maintain the freshness and quality of the packaged items are just a few benefits of glass 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
Growth Drivers of the Europe and Middle East and Africa Retail Glass Packaging Market
Several factors are propelling the growth of the Europe and Middle East and Africa Retail Glass Packaging Market. Understanding these drivers is crucial for businesses operating in the region to capitalize on the market’s potential.
1. Increasing Environmental Consciousness
As consumers become more environmentally conscious, there is a growing demand for sustainable packaging options. Glass packaging, with its eco-friendly properties, aligns with this trend and appeals to environmentally conscious consumers. The preference for products packaged in glass is driving retailers to adopt glass packaging solutions to meet consumer expectations.
2. Government Regulations and Policies
Government regulations and policies play a significant role in shaping the packaging industry. The Europe and Middle East and Africa Retail Glass Packaging Market is influenced by regulations promoting sustainable practices, waste reduction, and recycling initiatives. Compliance with these regulations and policies has led to increased adoption of glass packaging among retailers.
3. Shift towards Premium Products
The rising disposable income and changing consumer preferences have led to an increased demand for premium and high-quality products. Glass packaging enhances the perceived value of products and caters to the premium segment of the market. As a result, retailers are incorporating glass packaging to elevate the brand image and meet the evolving demands of consumers.
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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.
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