The glass bottles market is expected to increase from US$ 40.2 billion in 2023 to US$ 70.2 billion by 2033. Glass bottles are a better packaging option and are utilized in industries such as food & beverages, cosmetics, medicines, and others.
Glass bottles are environmentally friendly since they can be easily recycled and reused. These come in a variety of sizes, shapes, and qualities. Glass bottles are excellent packaging choices for water-based products or substances.
Glass bottles of various sizes, forms, and quality, for example, are used to hold chemicals in the chemical industry in a chemistry lab. Glass bottles are lightweight and portable, making them ideal for travel. Glass bottles are spill-proof packaging alternatives; however, they must be handled with caution due to their breakable nature.
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Alternatives to plastic are in high demand due to escalating environmental safety concerns. As a result, the demand for glass bottles has skyrocketed. Increased spending on research and development capabilities, combined with collaborations by key players to explore untapped areas, is another factor influencing the growth of the glass bottles market.
End-user verticals such as the food and beverage industry and the pharmaceutical sector, as well as their expansion in developing areas, are driving the growth of the glass bottles market. Rising disposable income, rising demand for bottled beverages, and changing consumer lifestyles may all contribute to the glass bottle market’s growth rate.
The breakable nature of glass materials or bottles may stymie the expansion of the glass bottles market. The complexity of transportation as a result of this reason further slows the market’s growth pace. Other packaging solutions are expected to potentially pose a threat to the expansion of the glass bottle market.
Key Takeaways
- The glass bottles market is expected to register a CAGR of 5.7% during the forecast period 2023 to 2033.
- The global popularity of flavored beverages and alcoholic beverages is increasing.
- North America dominated the glass bottles market.
- China is ranked second in the regional glass bottle market.
Key Development
- In March 2021, the corporation launched its first blockchain-based cross-border commerce digitizing program. In 2021, the corporation has targeted digital automation to unleash latent profitability and efficiency. The company collaborated with the corporate blockchain platform DLT ledgers, a fintech organization based in Singapore and India.
- In September 2020, Owens-Illinois introduced an innovation called O-I: EXPRESSIONS, which uses digital printing to alter glass bottle design and allow customization and personalization by shaping glass bottles into multi-dimensional pieces of art.
- Piramal Glass Ltd (PGL) announced a US$ 42 million investment in its greenfield project in Jambusar, Gujarat, India, in February 2020. The proposed expansion includes a new furnace and seven more manufacturing lines spread throughout a 300,000-square-foot facility to primarily serve the high-end specialty spirit, food and beverage, and medicinal sectors for export to Asia, Europe, and the United States.
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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
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and 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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