Glass Container Market to Remain Favourably Influenced from the Stringent Regulations Against Plastic Usage - Future Market Insights, Inc.

Owing to Increased Alcohol Consumption Flourishing Sales Have Been Anticipated in Glass Container Market. Amber glass containers are more preferred because they offer protection against UV radiation. In the coming years the demand for clear glass containers is expected to rise at a higher rate

NEWARK, Del., July 14, 2022 /PRNewswire/ -- Glass containers are a form of glass packaging that is highly preferred by customers owing to their ability to preserve the taste and flavor of the products inside. Due to some remarkable changes such as user-friendly, lightweight, and decreased logistics costs have flourished sales in the glass container market. 

 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. 

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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. 

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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. 

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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)

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Global Glass Containers Market Demand Analysis 2016-2020 and Forecast, 2021-2031

    4.1. Historical Market Volume (Tonnes) Analysis, 2016-2020

    4.2. Current and Future Market Volume (Tonnes) Projections, 2021-2031

    4.3. Y-o-Y Growth Trend Analysis

5. Global Glass Containers Market - Pricing Analysis

    5.1. Regional Pricing Analysis, By Product type

    5.2. Pricing Break-up

TOC continued..!

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

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Download complimentary copy of Future Market Insights White Paper on Intelligent Packaging for Circular Economy published in collaboration with Graham Packaging and Avery Dennison

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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