The global glass container market, currently valued at USD 63.8 billion, is on a promising growth trajectory, anticipated to reach USD 89.3 billion by 2034. This robust growth is driven by a compound annual growth rate (CAGR) of 3.4% over the forecast period. In 2023, the market’s valuation stood at USD 61.3 billion, and it is expected to exhibit a year-on-year (Y-o-Y) growth rate of 4.2% in 2024.
The unique features of glass, such as chemical durability, optical properties, transparency, and low cost ensure its continued success over the years. Future Market Insights (FMI) offers insights into key factors driving demand for glass containers. The report tracks the global sales of glass containers in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the beverage industry in general, and glass containers in particular.
Key Takeaways
- The alcoholic beverage industry has a strong influence on the glass container market since a majority of manufacturers sell alcoholic drinks filled in glass bottles.
- Alcoholic drinks comprise one of the most lucrative segments within the beverages industry, accounting for a higher market share in terms of volume in comparison to other end-use applications.
- The development of innovative and lightweight products with attractive designs and vibrant color combinations at lower production costs have remained a key growth enabler.
- Demand for glass is augmented by the strong growth evident in the luxury packaging world, particularly in liquor and cosmetics.
- The luxury packaging market is gaining traction across the globe. Key market participants are introducing various luxury packaging products to increase their product line and market share.
- The U.S. will remain one of the most lucrative markets throughout the course of the forecast period. According to the 2019 National Survey on Drug Use and Health (NSDUH), nearly 85.6% of people aged 18 years or above consume alcohol at some point in their lifetime.
- Due to an increase in alcoholic beverage consumption, Germany is expected to remain one of the highly lucrative markets for glass containers.
Competitive Landscape
Ardagh Group S.A, Amcor Plc, Consol Glass (Pty) Ltd, Owens-Illinois, Inc., Saverglass Group, BA Glass, Hindusthan National Glass & Industries Limited, Nampak Ltd, Wiegand-Glas, Vidrala S.A. are some of the key companies profiled in the full version of the report.
It is estimated that the glass container market will welcome new entrants in the coming years, due to an increase in consumer preference for environment friendly products. Soon, multinationals and other established players in the market are likely to focus on expansion. Besides this, the focus on expansion will continue to increase through the forecast period.
More Insights into the Glass Container Market
FMI has projected the U.S. to remain one of the most lucrative markets throughout the course of the forecast period. According to the 2019 National Survey on Drug Use and Health (NSDUH), nearly 85.6% of people aged 18 years or above reported consuming alcohol at some point in their lifetime. With alcohol consumption forecast to rise consistently, the demand for glass containers is expected to increase in response.
Due to an increase in alcoholic beverage consumption, Germany is expected to remain one of the highly lucrative markets for glass containers. As per the American Addiction Centers, Inc. (AAC), an average citizen in Germany consumes 11.3 liters of alcohol in a year while the global average is 8.9 liters.
Owing to the COVID impact there has been a surge in demand for glass containers like ampoules, vials, bottles, and others in China. The demand rose further with a high number of COVID-19 cases. The rise in the demand for glass containers is influenced by various factors.
Glass containers being one of the most preferred packaging formats for luxury items like perfume, cosmetics, and others find increasing demand within France’s booming cosmetics and perfumery packaging sector.
As per British Soft Drinks Association, glass accounted for nearly 7% of the total soft drink packaging formats in 2019. However, when it comes to alcoholic beverages, this share for glass packaging reaches 80% of the total packaging formats used for the packaging of alcoholic beverages.
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Key segments
Product Type
- Glass Bottle
- Sauce / Syrup Bottle
- French Square Bottle
- Boston Rounds Bottle
- Glass Jug
- Others (Rio rounds, woozy bottles, pill packer etc.)
- Glass Jar
- Mason Jar
- Hexagonal Glass Jar
- Paragon Glass Jar
- Straight Sided Jar
- Others (Facet jar, tempered round jar, etc.)
- Glass Vial
- Food Grade Vial
- Pharma Grade Vial
- Candle Glass Container
Color
- Amber Glass Container
- Blue Glass Container
- Clear Glass Container
- Frosted Glass Container
- Other Coloured Glass Container
End-Use Industry
- Cosmetics & Perfumes
- Perfumes
- Color Cosmetics
- Pharmaceuticals
- Food Packaging
- Generic Food Packaging
- Specialty Food Packaging
- Beverage Packaging
- Alcoholic Beverages
- Non Alcoholic Beverages
- Other Products
Region
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
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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