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Glass Packaging Market Overview
The key trends identified in the glass packaging market are a shift in demand for packaging products, from traditionally favored plastic to glass, in the pharmaceutical, and food and beverage industries, and recent advancements in technology to make glass bottles compact and portable. These trends also correspond with the growing consumer preference for glass bottles owing to the virtually non-existent toxicity of these bottles and ultra-low levels of fouling.
Besides, glass packaging offers an aesthetic appeal to the product. This is quite evident from the product differentiation in wine and spirit brands. Glass bottles can be manufactured with thin or thick bases and can carry embossed labels to appeal to design-conscious consumers. Also, their aesthetics best convey the brand and product story to the customers. These factors are expected to contribute to the increased adoption of glass packaging solutions in the future.
Glass is non-crystalline solid that is manufactured from natural raw materials such as silica, limestone, and alumina. Glass is the most commonly used packaging material in various industries, such as pharmaceutical, food, alcoholic beverage, medical, and personal care. Moreover, glass is impermeable and non-porous; hence, there is no interaction between the glass and the product packed inside it. In the report, the glass packaging market is segmented on the basis of application and region.
On the basis of application, the glass packaging market is classified into alcoholic beverage packaging, non-alcoholic beverage packaging, food packaging, and pharmaceutical and personal care packaging. Alcoholic beverage packaging is expected to contribute significantly to the market growth in the future. Glass is chemically inert; therefore, it does not react with the food, pharmaceuticals, alcoholic beverages, and personal care products. This helps in maintaining the texture and quality of the products, which, in turn, warrants their adoption and contributes to the demand for glass products for packaging purposes.
Based on region, the glass packaging market is categorized into North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East and Africa. Geographically, APAC accounted for a significant share in the glass packaging market during the historical period. This can be attributed to the increasing consumption of alcoholic beverages and the growing demand for glass as a packaging material from the food and personal care industries in the region. In addition, growth in the pharmaceutical industry of APAC is indirectly propelling the market growth in the region.
Moreover, increasing disposable income, upsurge in gross domestic product, and large population base in countries such as India and China are likely to increase consumer spending on goods and commodities, thereby driving the growth of the APAC glass packaging market.
Although the Western European glass packaging market has reached its maturity, the European glass packaging market continues to grow on account of the increased demand for glass packaging solutions in the developing countries of Eastern Europe.
Glass Packaging Market Dynamics
During the forecast period, the glass packaging market is expected to be driven by a host of factors such as the growing adoption of glass packaging products in the pharmaceutical, and food and beverage industries and the increasing demand for glass in the APAC region for packaging purposes.
The surging demand for glass packaging solutions, rapid urbanization, and increasing population base in APAC are expected to support the glass packaging market growth in the region. Moreover, the market is expected to leverage the consumer sentiment toward the adoption of safer and sustainable products and witness high adoption in industry verticals such as pharmaceutical, food and beverage, and personal care.
The adoption of substitutes such as plastics and metal cans for packaging and saturation in the Western European glass packaging market are identified as the key factors restraining the growth of the glass packaging industry to some extent.
The upsurge in demand for glass packaging solutions in emerging economies, such as China, India, and Brazil, and high demand from the personal care and pharmaceutical industries are expected to create growth opportunities for the players operating in the glass packaging market.
Glass Packaging Market Competitive Landscape
Several North American glass-manufacturing facilities are scheduled to begin production or witness expansion of their existing facilities in the coming years. For instance, in 2017, Owens-Illinois Inc. announced its plans of adding a fifth furnace to its facility in Nava, Mexico. Also, ARGLASS SOUTHEAST LLC, a U.S.-based enterprise, plans to open a new glass-manufacturing plant in Valdosta, Georgia, in 2019. These facilities are expected to offer differentiated glass products for packaging.
Some of the major companies operating in the global glass packaging market are Bormioli Rocco SpA, Amcor Limited, Saint Gobain, Gerresheimer AG, Owens-Illinois Inc., Ardagh Group, Hindusthan National Glass & Industries Limited, Amcor, HEINZ Group, Koa Glass Co. Ltd., Tamron Co. Ltd., Piramal Glass Limited, Stolzle-Oberglas GmbH, and China Glass Holdings Limited.
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.