The global Container Glass market size is expected to be worth around US$ 92.3 billion by 2030, according to a new report by Vision Research Reports.
The global Container Glass market size was valued at US$ 62.3 billion in 2020 and is anticipated to grow at a CAGR of 4.7% during forecast period 2021 to 2030.
|Market Size||US$ 92.3 Billion by 2030|
|Growth Rate||CAGR of 4.7% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, End-user|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Ardagh Group; Gerresheimar AG; Borosil; Schott AG; Stevanato Group; Piramal Glass Private Limited; Corning Incorporated; Unitrade FZE; Saverglass SAS; O-I Glass, Inc.; Vitro; Frigoglass SAIC; Amcor plc; SGD SA; and Owens-Illinois|
The market is predominantly driven by the increasing demand for fast-moving consumer goods (FMCG) and alcoholic beverages across the globe. FMCG products such as honey, cheese, jam, mayonnaise, spices, spreads, sauces, syrups, processed vegetables/fruits, and oil, and more are packed in various types of jars and bottles made-up of glass.
The market growth is expected to be driven by the increasing consumption of beverages and the growing demand for vials and ampoules in the pharmaceutical industry. Moreover, the growing demand for premium packaging in the food processing industry is further accelerating market growth. The growing hygiene and living standards among the consumers living in the urban areas across the globe is increasing the consumption of glass containers including bottles, jars, and tableware. Consumers are using glass containers to hold food and drinks for hygienic reasons.
By Product Analysis
The bottles segment led the market and accounted for a revenue share of 60.3% in 2020. The bottle is the most preferred glass packaging format globally. It is extensively used in the packaging of beverages. The increasing consumption of alcoholic beverages globally is the key driving factor for glass bottles.
The vials and ampoules segment is likely to witness a CAGR of 8.4% over the forecast period. Vials and ampoules are used to contain various types of injectable medicines in the pharmaceutical industry. Increasing consumption of insulin, biologics, and vaccine globally is driving the demand for vials and ampoules.
By End-user Analysis
The food and beverage segment led the market and accounted for 69.9% of the global revenue share in 2020. The increasing consumption of alcoholic beverages and soft drinks across the globe is the major factor for container glass market growth.
The pharmaceutical industry segment is likely to witness a CAGR of 7.6% over the forecast period. High demand for parenteral packaging coupled with increasing consumption of medicines globally is driving the pharmaceutical industry glass container market.
By Regional Analysis
Asia Pacific dominated the market and accounted for a revenue share of33.8% in 2020, on account of several factors, including growing food processing industry, increasing consumption of alcoholic beverages, increasing government initiatives, and support for the development of healthcare and pharmaceutical industry in the region.
In Europe, the market is expected to witness a CAGR of 3.3% over the forecast period. The presence of huge food and beverage industry in the region is the major factor for the market growth.
In Middle East and Africa, the market is expected to witness a CAGR of 3.0% over the forecast period owing to the increasing disposable income and growing number of expats in the countries such as Saudi Arabia and United Arab Emirates (UAE).
Piramal Glass Private Limited
O-I Glass, Inc.
Vials & Ampoules
Food & Beverage Industry
Cosmetics & Personal Care Industry
Central & South America
Middle East & Africa
The Container Glass market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Container Glass market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Container Glass market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Container Glass market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Container Glass market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Container Glass capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Container Glass by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Container Glass market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Container Glass market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Container Glass market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Container Glass industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Container Glass 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 Container Glass market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Container Glass market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Container Glass market. These factors have benefited the growth of the global market for Container Glass. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Container Glass. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Container Glass are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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