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Market Analysis
The global Glass Packaging Market will touch USD 76.35 billion at a 5.92% CAGR between 2023- 2032, reveals the latest Market Research Future (MRFR) report. Glass packaging or glass containers are highly preferred to pack chemicals, liquid-based pharmaceutical products, alcoholic and non-alcoholic beverages, and other non-perishable/perishable products.
Several factors are adding to the global glass packaging market growth. Some of these factors as per the MRFR report include increasing adoption in cosmetics, pharmaceuticals, and food and beverage industries, the growing preference for eco-friendly packaging solutions, increase in shipments of containers for non-alcoholic beverages, spirits, and wine end markets, alluring features of glass packaging such as non-reactive nature, malleability, and zero chemical leaching, changing consumer lifestyle, rapid urbanization, worldwide economic growth, increasing health risks, and growing health and fitness awareness.
On the other hand, the scarcity of raw materials needed for production and fluctuating prices may limit the glass packaging market growth during the forecast period.
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Key Players
Some of the key players of the market are
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global Glass Packaging Market Data Insight based on application and product.
By product, the glass packaging market is segmented into standard glass quality, super-premium glass quality, and premium glass quality. Of these, the premium glass quality segment will lead the market over the forecast period.
By application, the glass packaging market bifurcated into pharmaceutical packaging, personal care packaging, food and beverage packaging, and others. Of these, the food and beverage packaging segment will dominate the market over the forecast period.
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Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 20
2.2 Scope Of The Study 20
2.3 Market Structure 20
2.4 List Of Assumptions 21
3 Research Methodology
3.1 Research Process 23
3.2 Primary Research 23
3.3 Secondary Research 24
3.4 Market Size Estimation 25
3.5 Forecast Model 25
4 Market Dynamics
4.1 Introduction 27
4.2 Drivers 27
4.2.1 Increased Consumption Of Beverages 27
4.2.2 Growth In The Pharmaceutical Industry 28
4.2.3 Several Environmental Benefits 29
4.2.4 Drivers Impact Analysis 29
4.3 Restraints 29
4.3.1 Availability Of Other Alternatives 29
4.3.2 Restraints Impact Analysis 30
4.4 Opportunity 30
4.4.1 Scope In Developing Nations 30
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis 32
5.1.1 Threat Of New Entrants 32
5.1.2 Bargaining Power Of Suppliers 32
5.1.3 Threat Of Substitutes 32
5.1.4 Bargaining Power Of Buyers 33
5.1.5 Segment Rivalry 33
5.2 Supply Chain Analysis 33
5.3 Import Analysis Of Glass Products (Carboys, Bottles, Flasks, Jars, Pots, Phials, Ampoules & Other Containers) 34
5.4 Export Analysis Of Glass Products (Carboys, Bottles, Flasks, Jars, Pots, Phials, Ampoules And Other Containers) 35
5.5 Pricing Analysis 37
5.6 Manufacturing & Labor Cost Structure Analysis Of Glass Packaging 37
Continue…
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Regional Analysis
By region, the global glass packaging market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the APAC region will rule the market over the forecast period. The increased consumption of alcoholic beverages, consumer’s increased disposable income, and changing lifestyles of consumers, are adding to the global glass packaging market growth in the region. China has the utmost market share, followed by Japan and India.
In Europe, the global glass packaging market is predicted to hold the second-largest share over the forecast period, followed by North America. Increased investments in R&D, innovations in packaging, strict food safety policies in the US and Canada, and increasing adoption in the pharmaceutical sector are adding to the glass packaging market growth in North America.
Industry Updates
February 2021- Leading glass packaging provider Stoelzle Glass Group has opened its fifth production line in its plant in France.
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