In addition, the global glass container market is expected to rise at a CAGR of 5.31%, with a value of USD 87,622.80 Million during the estimated the forecasting year of 2022-2030.
Demand for soda-lime-silica-based glass for storing various food components has increased due to increased demand for packaged food and beverage products. This is one of the main factors influencing the expansion of the market for soda-lime-silica-based container glass. Additionally, due to the hardness and simplicity of fabrication of soda-lime-silica-based glass, a surge in the building and construction industry has been attributed to population expansion. Customers have also been increasingly receptive to employing soda-lime-silica-based glass for various applications, including the production of bottles, drinking glasses, and glass bakeware, due to its low cost and ease of supply. This is expected to boost sales of soda-lime-silica-based glass across a range of end-use industries, opening up attractive market potential. Collectively, these factors drive up the demand for container glass, boosting the expansion of the global market.
Boron trioxide and silica are the two primary ingredients that go into making container glass or glass containers. At 20 degrees Celsius, it has a relatively low coefficient of thermal expansion. One of the most common types of glass is soda-lime glass, which is made of silica. Because it has excellent significant properties like extreme workability, chemical stability, thermal shock resistance, and high melting temperature, it is perfect for making windowpanes, glass containers, and commodity items in foods & beverages, pharmaceuticals, décor, and other end-use sectors.
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However, the annealing process to make container glass releases various air pollutants, including sulphur dioxides, nitrogen oxides, and other dangerous particles. Extreme respiratory conditions, including asthma, chronic bronchitis, mucus discharge, and lung cancer, are brought on by high exposure to these toxic substances. Additionally, because the particles generated during the final stage of container glass production are smaller and can cause several health problems once they enter the respiratory system, they are considerably more harmful. These variables are anticipated to restrain the market’s expansion for container glass during the time.
Market Segmentation:
The global market has been divided into product type, end-use and regional basis. The product type further divides the market into glass bottles, jars, vials and candle glass containers. With the end-user section, the global market is further classified into five sections cosmetics & perfumes, pharmaceuticals, food & packaging, beverage packaging and other products. The regional basis has been classified into Asia-Pacific, North America, South America, Europe and Middle East & Africa.
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Regional Analysis:
Because the chemical and pharmaceutical sectors favour glass packaging due to the inert nature of glass bottles, the Asia-Pacific area is predicted to develop significantly faster than other countries. The key countries that have significantly impacted the Asia Pacific glass packaging market are China, India, Japan, and Australia, among others.
One of the biggest markets for pharmaceuticals worldwide is China. It still spends little on healthcare compared to many developed nations. Contrarily, buyers have shifted more firmly in favour of alternative materials for storage and packing purposes due to the increased weight of container glasses compared to plastic and other materials of the same dimensions.
Key Players
The key players of global glass container market are Amcor Limited (Australia), Owens-Illinois Inc. (U.S.), Central Glass Co., Ltd. (Japan), BA Vidro, S.A. (Portugal), VIDRALA (Spain), Ardagh Group S.A. (Luxembourg), Hindusthan National Glass & Industries Limited. (India), Vitro, S.A.B de C.V. (Mexico), Consol Glass (Pty) Ltd. (South Africa) and Frigoglass (Greece).
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