Global Glass Bottle Market, By Product Type (Amber Glass Bottles, Blue Glass Bottles, Clear Glass Bottles, Green Glass Bottles, Orange Glass Bottles, Purple Glass Bottles, Red Glass Bottles), Application (Beverage, Food, Cosmetics, Pharmaceutical, Other), Filament Type (Moulded, Tubular), Grade (Type I, Type II, Type III), Manufacturing Process (Blown, Tubing), Capacity (Up to 50 ml, 51 - 200 ml, 201 - 500 ml, other) – Industry Trends and Forecast to 2029.
Glass bottles are used in several industries and this feature has helped to drive the demand of the product in market. In the next few years, the revenue index of the global glass bottles market is predicted to improve. Also, the trend of utilizing these bottles in the healthcare industry over the plastic bottles pbecasue it provides huge opportunities for the manufacturer to boost their market position. So the glass bottles market is expected to remain progressive globally during the forecast period.
Data Bridge Market Research analyses that the glass bottle market was valued at USD 37.10 billion in 2021 and is expected to reach USD 57.81 billion by 2029, registering a CAGR of 5.70% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Metric
Details
Forecast Period
2022 to 2029
Base Year
2021
Historic Years
2020 (Customizable to 2014 - 2019)
Quantitative Units
Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered
Product Type (Amber Glass Bottles, Blue Glass Bottles, Clear Glass Bottles, Green Glass Bottles, Orange Glass Bottles, Purple Glass Bottles, Red Glass Bottles), Application (Beverage, Food, Cosmetics, Pharmaceutical, Other), Filament Type (Moulded, Tubular), Grade (Type I, Type II, Type III), Manufacturing Process (Blown, Tubing), Capacity (Up to 50 ml, 51 - 200 ml, 201 - 500 ml, other)
Countries Covered
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
Market Players Covered
Gerresheimer AG (Germany), Owens-Illinois Inc. (U.S.), STOELZLE GLASS GROUP (Austria), Ardagh Group S.A, (Luxemburg), Piramal Glass (India), Sisecam (Turkey), Schott AG (Germany), Central Glass Co. Ltd., (Japan), FH Packaging (U.S.), LUMSON S.p.A (Italy), HCP Packaging (U.S.), FusionPKG (U.S.), Quadpack (Spain), Denville Scientific, Inc (U.S.), Smurfit Kappa (Ireland), Taiwan K. K. Corporation (Taiwan), PUMTECH (South Korea), Saint-Gobain (France), Comar (U.S.), Berry Global Inc (U.S.)
Market Opportunities
Market Definition
A glass bottle is made from glass. Glass bottles can available in various size considerably, but these bottles are most commonly found in sizes ranging between 200 millilitres and 1.5 litres. Common uses for glass bottles include cosmetics, food condiments, soda, liquor, pickling and preservatives. They are occasionally also particularly used for the informal distribution of notes.
Drivers
Rapidly changing demands of consumers in the cosmetic sector have pushed the producers to choose cosmetic bottle fo the cosmnetic products. The manufacturers are focusing on upgrade the product portfolio with designs and styles for standard and branded cosmetic products to meet the requirement of specific brands. Customized cosmetic bottles help to achieve the particular demands of printing on bottles for cosmetic brands, which are expected to increase the growth of cosmetic bottle market.
Glass bottle has numerous advantages, such as bottleneck, as sterile packing, leak-resistant design and uniform wall thickness make glass bottles popular among consumers. These bottles are used in several sectors such as in blood banks, research laboratories, institutions, and clinics due to their numerous advantages which are expected to drive growth rate of the glass bottle in the market during forecast period.
The development and growth of healthcare sector all over the globe and growing per capital investment in healthcare packaging industries are some of the major reason which has fuelled the demand for glass bottles overall the globe. Glass bottles are easy to use, affordable and convenient packaging solution for the medical purposes which is expected to drive the demand for glass bottles during forecast period.
Opportunities
The increasing trend for the packed beverages in glass bottles is forcing the manufacturer to create innovative packaging solutions. With a rise in demand for chemical-free packaging, manufacturers should focus on innovations in glass bottle packaging. Several brands of packaging products have started to deliver beverages in glass bottles. The innovations in packaging industry, produce those glass bottle which has free from harmful bacteria; these packaging products will be good source and will enhance the growth of glass bottle market in upcoming.
Restraints/ Challenges
The presence of other options for packaging such as plastic bottles and several other along with strict regulations which is associated with the packaging of products will expected to act as major market restraints that will hinder the growth of the glass bottle market.
Also, transportation and breakage issues are the major factor that will become the foremost and biggest challenge for the growth of the glass bottle market.
This glass bottle market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the glass bottle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
The outbreak of covid-19 has affected several industry, but the glass bottle market has been positively impacted during this pandemic The Unprecedented outbreak of COVID-19 pandemic has increased the demand for the glass bottle because this bottle widely uses in the pharmaceutical and healthcare sector for the storage of drugs and medicine which is mainly encouraging the manufacturers to increase the rate of production of these bottles. The growing demand for glass bottles will boost the market in the pandemic. On the Other side, the coronavirus has slightly disrupted the supply chain unit and manufacturing unit, which is major reason for the drop in output.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
The glass bottle market is segmented on the basis of product type, application, filament type, grade, manufacturing process and capacity. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
Application
Filament Type
Grade
Manufacturing Process
Capacity
The glass bottle market is analysed and market size insights and trends are provided by country, product type, application, filament type, grade, manufacturing process and capacity as referenced above.
The countries covered in the glass bottle market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
North America dominates the glass bottle market in terms of market share. This is due to the increasing applications from food and beverages sector along with the introduction of innovative products. The increasing number of manufacturers and end user industries will also drive the demand for the glass bottles market. Also, the growing pharmaceutical sector in the country, which requires glass bottles for packing of medicines and drugs is set to witness significant growth.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2029 due to the increasing prevalence of majority of manufacturers along with development of the packaging and healthcare sector in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The glass bottle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to glass bottle market.
Some of the major players operating in the glass bottle market are:
SKU-54127
SKU-
The global glass packaging market was valued at USD 62.88 billion in 2022 and is expected to reach USD 82.99 billion by 2028, growing at a CAGR of 4.73% during the forecast period. Glass packaging has demonstrated its adaptability across industries, finding applications in beverages, cosmetics, pharmaceuticals, and specialty foods. Its global acceptance and trusted reputation make it an attractive choice for companies seeking to expand their market reach on an international scale. Over the years, innovations in glass manufacturing techniques have led to significant improvements in strength and weight reduction, addressing concerns about transportation costs and breakage and propelling the glass packaging market growth.
Gen Z and Millennials Highly Influenced by Sustainable Packaging
Gen Z and Millennials have grown up in an era of increased environmental awareness. They've witnessed the consequences of climate change, plastic pollution, and dwindling natural resources. As a result, they are more conscious of their environmental footprint and seek sustainable alternatives. Being a recyclable and eco-friendly material, Glass aligns with the Gen Z and Millennials values of reducing waste and protecting the planet. These generations are also more health-conscious than previous ones. Glass is considered a safer option for packaging food and beverages because it doesn't contain harmful chemicals like some plastics can (e.g., BPA). The perception of glass as a healthier choice drives the glass packaging market, especially for products consumed directly from the packaging.
Rising Demand For Pharmaceutical And Cosmetics Packaging
In recent years, the glass packaging market has experienced a notable surge in demand within the pharmaceutical and cosmetics industries. This upswing can be attributed to a convergence of factors, including the inherent properties of glass, changing consumer preferences, and regulatory considerations. The adoption of glass packaging within these sectors has not only met the stringent requirements for product preservation and safety but has also opened avenues for brand differentiation and sustainable practices, ultimately driving market growth.
Price Sensitivity of Raw Material
The price sensitivity of raw materials used in glass packaging can directly and significantly impact market demand. Glass production relies on specific raw materials like sand, soda ash, and limestone, and any price fluctuations can influence the overall cost of producing glass containers. This, in turn, can affect producers and consumers in the following ways.
Moreover, when the cost of these raw materials rises, it directly increases the production cost in the glass packaging market. Manufacturers might absorb some of these costs, but eventually, they are likely to pass the expenses on to consumers. This increases prices for products packaged in glass containers, making them less price-competitive than alternatives. Price-conscious consumers may shift their preferences to products with lower-priced packaging, potentially decreasing demand for goods in glass containers.
INSIGHT BY END-USER
The beverage end-user dominated the global glass packaging market in 2022. This uptick is primarily driven by increased consumption of beverages such as beer, wine, spirits, juice, flavored water, and more. Glass packaging is favored for these products, primarily due to its qualities that preserve the taste and quality of the beverages, making it the preferred choice for producers and consumers.
Furthermore, lightweight glass packaging is more environmentally friendly as it reduces the energy and resources required for production and transportation. This aligns with the growing consumer and industry emphasis on sustainability, which can drive increased demand for glass packaging. For instance, in 2021, drinks and brewing company AB InBev designed a 150g 330 ml beer bottle (a 17% reduction from the previous design), which increased the consumer base and compliance with regulations.
INSIGHTS BY PRODUCT
The global glass packaging market by product is segmented into bottles, jars & containers, and ampules, vials & others. The bottle segment dominated the product market, accounting for over 48% share in 2022. The demand for glass bottles has been rising due to several factors, including companies expanding their operations, a growing emphasis on eco-friendliness, collaborations among beverage companies, and other related trends. This trend reflects a shift towards more sustainable packaging solutions, as glass bottles are often perceived as a more environmentally friendly option. Additionally, the collaborative efforts among beverage companies have facilitated innovative product offerings and marketing strategies, further driving the demand for the bottles segment in the glass packaging market.
The global glass packaging market is mainly driven by increased disposable income, urbanization, and rising consumption of food & beverages. Moreover, with the increasing focus on personalization & customization, the demand for glass packaging is expected to rise in various regions. APAC is the leading region in growing consumer awareness of health & safety, rising disposable income, and advanced glass manufacturing technology of glass packaging in the market. Moreover, APAC is expected to witness the highest CAGR of around 5-6% during the forecast period. In 2022, North America was the third revenue contributor to the global glass packaging market. During the forecast period, Latin America is expected to witness the second-highest CAGR due to increased focus on sustainability and rising demand for food & beverages.
The global glass packaging market is characterized by a dynamic interplay of various factors that shape the market. Glass packaging has long been favored for its exceptional qualities, such as purity, recyclability, and preservation of product integrity. However, several key players and trends have emerged to influence the industry's dynamics. First and foremost, significant manufacturers in the global glass packaging market, such as O-I Glass, Ardagh Group, Gerresheimer, Verallia, and others, dominate the sector. These industry giants have established extensive production capabilities and distribution networks, enabling them to cater to various sectors, including food and beverages, cosmetics, pharmaceuticals, and more. Their vast resources and technological advancements give them a competitive edge in product innovation, quality control, and cost efficiency.
The high labor costs in the U.S. and Europe can pose challenges for businesses in the glass packaging market. It makes it more difficult for companies in these regions to compete on price alone with manufacturers in regions with lower labor costs, such as China, India, and other nations. To remain competitive, glass packaging manufacturers in the U.S. and Europe often focus on producing high-quality products and innovative designs. They may invest in advanced technology and automation to reduce labor dependency and increase production efficiency. Such factors can lead to a competitive advantage in product quality and customization.
Comments
Please Join Us to post.
0