The Container Glass Market size is forecast to reach $79.71 billion by 2027 after growing at a CAGR of 5.3% during 2022-2027. Container glass is an unbeatable option as a packaging material supported by its superior attributes of sterility, reusability, chemical stability, durability, non-permeability and malleability. It is also hygienic, eco-friendly, and aesthetically pleasing. Key applications areas for this evergreen rigid packaging. The growth of the market is expected to be driven by the high demand of container glass from the food & beverage industry.
The report: “Container Glass Market -Forecast (2022-2027)” covers an in-depth analysis of the following segments of the container glass Industry.
Borosilicate Glass/Neutral Glass held the largest share in the container glass market in 2019. Neutral glass is a borosilicate glass containing large quantities of boric oxide, alkali and/or alkaline earth oxides. Owing to its neutral glass structure, it has a high hydrolytic resistance and high thermal shock resistance. Neutral glass has a very high resistance to attack from water, acids, salt solutions, halogens and organic solvents. Only hydrofluoric acid, hot concentrated phosphoric acid and strong alkaline solutions cause significant corrosion. It has excellent chemical resistance properties which make it ideal for the storing or packaging of acidic, neutral and alkaline products and for injectable solutions.
Glass Bottle held the largest share in the container glass market in 2019 in terms of glass product. Glass bottle are the most favored containers for storing beverages, food, and pharmaceutical drugs as they reduce the possibility of leaching of harmful chemicals. Glass is a high recyclable material and possesses characteristics that make it a highly preferred packaging material. It also decreases carbon dioxide emissions. The ability of glass containers to preserve the strength, aroma, and flavor of products makes them a favorable option for packaging food and beverages. On the other hand, efforts made by container glass packaging manufacturers to enhance the aesthetics have resulted in the rapid growth in demand for customized and innovative designs for container glass bottles. The mason jars segment is estimated to account for around half of the container glass jars market segment value, owing to the relatively simple and cost-effective design of the container glass jar. This factor will drive the growth of the market in the forecast period.
Personal Care & Cosmetics, held the largest share in the container glass market in 2019 growing at a CAGR of 6.5%. The Association of wellness with beauty is a major trend driving consumer based products demand in this era. Personal Care & Cosmetics is one prominent sector leveraging this stride and executing unprecedented business. As per an online release by Forbes in 2017, the cosmetics industry was estimated to be worth a staggering $445 billion in terms of sales revenue. The Personal Care & Cosmetic packaging market as an imperative subset of the blooming cosmetics industry is catapulting enormous demand under its domain. Being an essential component of cosmetics in terms of protection, creation of brand awareness, advertising appeal, and extension of shelf life and labeling of information. E-commerce has facilitated an upsurge of cosmetic sales by adding a supplementary virtual retail counter for products and proficient packaging is a necessity for such operations. These factor will drive the growth of the market in the forecast period.
APAC dominates the container glass market with a share of 43% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for the economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in owing to rapidly increasing population along with disposable income, growing food and beverage packaging, and rising cosmetic sales in developing nations such as China and India in this region. Moreover, the developing pharmaceutical sector, changing regulatory scenario, and adoption of containers glass from hospitals and laboratories are factors that positively impact the regional market growth. Asia Pacific market in expected to witness faster growth due to the presence of major pharmaceutical and cosmetic manufacturers operating in the country in this region.
The global glass container market is greatly influenced by the alcoholic beverages industry as a majority of manufacturers market alcoholic drinks packed in glass bottles. Alcoholic beverage is a large application segment of glass containers, accounting for a high market share in terms of volume as compared to other end-use applications. The beverage packaging segment is witnessing significant gain in market share owing to the aesthetic appearance that can be achieved through the use of glass in container manufacturing and also its transparent nature, which allows the manufacturer to showcase the premium quality of the product inside. Glass, being a versatile material in container manufacturing, preserves the original taste of the drink inside without altering its taste or quality. Glass containers are available in the market in a variety of colors, shapes and sizes according to the prevailing demand. This is will drive the growth of the market in the forecast period.
In the container glass manufacture process, air-polluting compounds like nitrogen oxides, sulfur dioxide and particulates are released. The last are even more of a health issue since the particles of metals, chemicals, acids and dust that the particulates are comprised of are so tiny (10 micrometers or even smaller) that they are able to easily enter the nose and throat and reach the lungs, where they produce quite some damage. This factor will hinder the growth of the market in the forecast period.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the container glass market. In 2019, the market of container glass has been consolidated by the top five players accounting for XX% of the share. Major players in the container glass market are Hindustan National Glass & Industries Ltd, Nampak Ltd, Amcor Ltd, Toyo Glass Co. Ltd, Consol Glass, and Others.
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Container Glass Market Report Coverage
The report: “Container Glass Market -Forecast (2022-2027)” covers an in-depth analysis of the following segments of the container glass Industry.
- By Type: Borosilicate Glass/Neutral Glass, Soda-Lime-Silica Glass, Regular Soda Lime Glass, and NP Glass/General Purpose Soda Lime Glass.
- By Glass Product: Glass Bottle (Sauce/Syrup Bottle, French Square Bottle, Boston Round Bottle, Others) Jars (Mason jar, Hexagonal Jar, Paragon Jar, Straight-sided Jar, Others), Glass Vials, Candle Glass Containers and Others.
- By End Use: Food & Beverage, Personal Care & Cosmetics, Healthcare, Consumer Products, Chemical, and Others.
- By Geography: North America, South America, Europe, APAC, and RoW.
Key Takeaways
- Asia-Pacific dominates the antistatic agents market owing to increasing demand from Cosmetic packaging.
- The growth in the market is driven by the rising consumption of alcoholic beverages in the forecast period.
- Environmental concerns regarding the use of container glass will hamper the growth of the market.
Container Glass Market Segment Analysis - By Type
Borosilicate Glass/Neutral Glass held the largest share in the container glass market in 2019. Neutral glass is a borosilicate glass containing large quantities of boric oxide, alkali and/or alkaline earth oxides. Owing to its neutral glass structure, it has a high hydrolytic resistance and high thermal shock resistance. Neutral glass has a very high resistance to attack from water, acids, salt solutions, halogens and organic solvents. Only hydrofluoric acid, hot concentrated phosphoric acid and strong alkaline solutions cause significant corrosion. It has excellent chemical resistance properties which make it ideal for the storing or packaging of acidic, neutral and alkaline products and for injectable solutions.
Container Glass Market Segment Analysis - By Glass Product
Glass Bottle held the largest share in the container glass market in 2019 in terms of glass product. Glass bottle are the most favored containers for storing beverages, food, and pharmaceutical drugs as they reduce the possibility of leaching of harmful chemicals. Glass is a high recyclable material and possesses characteristics that make it a highly preferred packaging material. It also decreases carbon dioxide emissions. The ability of glass containers to preserve the strength, aroma, and flavor of products makes them a favorable option for packaging food and beverages. On the other hand, efforts made by container glass packaging manufacturers to enhance the aesthetics have resulted in the rapid growth in demand for customized and innovative designs for container glass bottles. The mason jars segment is estimated to account for around half of the container glass jars market segment value, owing to the relatively simple and cost-effective design of the container glass jar. This factor will drive the growth of the market in the forecast period.
Container Glass Market Segment Analysis - By End Use
Personal Care & Cosmetics, held the largest share in the container glass market in 2019 growing at a CAGR of 6.5%. The Association of wellness with beauty is a major trend driving consumer based products demand in this era. Personal Care & Cosmetics is one prominent sector leveraging this stride and executing unprecedented business. As per an online release by Forbes in 2017, the cosmetics industry was estimated to be worth a staggering $445 billion in terms of sales revenue. The Personal Care & Cosmetic packaging market as an imperative subset of the blooming cosmetics industry is catapulting enormous demand under its domain. Being an essential component of cosmetics in terms of protection, creation of brand awareness, advertising appeal, and extension of shelf life and labeling of information. E-commerce has facilitated an upsurge of cosmetic sales by adding a supplementary virtual retail counter for products and proficient packaging is a necessity for such operations. These factor will drive the growth of the market in the forecast period.
Container Glass Market Segment Analysis - By Geography
APAC dominates the container glass market with a share of 43% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for the economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in owing to rapidly increasing population along with disposable income, growing food and beverage packaging, and rising cosmetic sales in developing nations such as China and India in this region. Moreover, the developing pharmaceutical sector, changing regulatory scenario, and adoption of containers glass from hospitals and laboratories are factors that positively impact the regional market growth. Asia Pacific market in expected to witness faster growth due to the presence of major pharmaceutical and cosmetic manufacturers operating in the country in this region.
Container Glass Market Driver
A rise in the alcoholic beverages consumption will drive the growth of the market in the forecast period
The global glass container market is greatly influenced by the alcoholic beverages industry as a majority of manufacturers market alcoholic drinks packed in glass bottles. Alcoholic beverage is a large application segment of glass containers, accounting for a high market share in terms of volume as compared to other end-use applications. The beverage packaging segment is witnessing significant gain in market share owing to the aesthetic appearance that can be achieved through the use of glass in container manufacturing and also its transparent nature, which allows the manufacturer to showcase the premium quality of the product inside. Glass, being a versatile material in container manufacturing, preserves the original taste of the drink inside without altering its taste or quality. Glass containers are available in the market in a variety of colors, shapes and sizes according to the prevailing demand. This is will drive the growth of the market in the forecast period.
Container Glass Market Container Glass Market Challenges
Environmental concerns regarding the use of container glass will hamper the growth of the market
In the container glass manufacture process, air-polluting compounds like nitrogen oxides, sulfur dioxide and particulates are released. The last are even more of a health issue since the particles of metals, chemicals, acids and dust that the particulates are comprised of are so tiny (10 micrometers or even smaller) that they are able to easily enter the nose and throat and reach the lungs, where they produce quite some damage. This factor will hinder the growth of the market in the forecast period.
Container Glass Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the container glass market. In 2019, the market of container glass has been consolidated by the top five players accounting for XX% of the share. Major players in the container glass market are Hindustan National Glass & Industries Ltd, Nampak Ltd, Amcor Ltd, Toyo Glass Co. Ltd, Consol Glass, and Others.
Acquisitions/Technology Launches/Product Launches
- In October 2019, Berlin Packaging, is the supplier of glass, plastic, and metal containers and closures, acquired Vidrimon, a premier supplier of olive oil bottles and innovative glass packaging for Southern Europe. The acquisition has extended the dynamic organization's global reach in North America.
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Table of Contents
1. Container Glass Market - Market Overview
2. Container Glass Market - Executive Summary
3. Container Glass Market - Landscape
4. Container Glass Market - Market Forces
5. Container Glass Market -Strategic analysis
6. Container Glass Market - By Type (Market Size -$Billion)
7. Container Glass Market - By Glass Product (Market Size -$Billion)
8. Container Glass Market - End Use (Market Size -$Billion)
9. Container Glass Market - By Geography (Market Size -$Billion)
10. Container Glass Market - Entropy
11. Container Glass Market Company Analysis
Methodology
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