The glass container market is estimated to secure a valuation of US$ 61.5 billion in 2023 and is anticipated to rise to US$ 102.5 billion by 2033. The market is projected at a CAGR of 5.2% during the forecast period.
The increasing demand for preserved food items and aesthetic looks is boosting the adoption of glass containers. The manufacturers are growing the food & beverages, pharmaceuticals, and hotel industries by increasing glass container production. Moreover, the growing infrastructure, urbanization, and disposable income are the important factors upsurging the market growth during the forecast period.
Increasing consumers’ preference to provide transparency and storing food ingredients drive the market size. The popularity of candle jars, glittering bottles, and other home DIY activities fuel market opportunities further. The rising demand for premium and standardized products are prominently increasing the adoption of the glass container.
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Manufacturers develop glass containers and bottles in various designs, and consequently, these latest and trending products flourish the market growth. Several dairy owners are rising the demand for glass containers to store milk to enhance the quality and long last freshness. The increasing investment by top companies, government initiative plans, and research & development activities are advancing market opportunities further.
High Standard Packaging by Manufacturers Surge the Market Opportunities
Manufacturers are developing high-quality products by providing premium packaging styles. The manufacturers are increasing the sales of glass containers through their aesthetic look and better packaging solution. They observe their consumers’ preference for highly standardized products, as many end-users are fond of product packaging styles.
The top companies are launching luxury wine bottles and several shapes and sizes of glass containers to acquire maximum profits through their artwork. On the flip side, the rising demand for cosmetic products is mushrooming the global glass container market opportunities.
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How Does the United States Dominate the Global Market?
The United States is registering a CAGR of 5%, with collecting a valuation of US$ 150 billion by 2033. The increasing consumption of alcoholic beverages and the growing production of glass containers drive the market in the United States. Around 86% of people above 18 years old population consume alcoholic beverages occasionally in the United States.
The prominent companies in the United States are Saxco International, Nestle, Carlsberg, MillerCoors, PepsiCo, and others. The United States captured a historical CAGR of 4.7% from 2017 to 2022.
Key Takeaways:
- The glass containermarket is expected to have a valuation of US$ 102.5 billion by 2033.
- With a CAGR of 5.2%, the global market increasing from 2022 to 2033.
- The United States glass container marketis anticipated to expand at a significant CAGR of 5% through 2033.
- In the historical period, the market secured a CAGR of 4.1% between 2017 and 2022.
- In the historical period, the market captured US$ 59.1 billion between 2017 and 2022.
- Germany is anticipated to record an impressive CAGR of 4.5% by 2033.
Who is Winning?
The key vendors are launching new products in the market by acquiring several marketing methodologies. These vendors invest their million dollar amount in research & development activities to carry out unique ideas and tactics to enhance market products. The marketing strategies adopted by these market players include partnerships, agreements, collaborations, and acquisitions.
Glass Container Market Segmentation by Category:
By Product Type:
- Glass Bottle
- Glass Jar
- Glass Vial
- Candle Glass Container
By Color:
- Amber Glass Container
- Blue Glass Container
- Clear Glass Container
- Frosted Glass Container
- Other Colored Glass Container
By End-use Industry:
- Cosmetic & Perfumes
- Pharmaceuticals
- Food Packaging
- Beverage Packaging
- Other Products
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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