Global Container Glass Market By Product (Bottles, Vials & Ampoules, Jars, and Other Products), By End-User (Chemical, Food & Beverage, Cosmetics & Personal Care, Pharmaceutical, and Other End-Users), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032
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Container Glass Market Overview:
The global container glass market is estimated to reach USD 67,114 million in 2021. This growth rate will increase at a CAGR, of 4.02% between 2023-2032.
Market growth is expected to be driven primarily by increasing beverage consumption and the rising demand for ampoules, vials, and pharmaceutical products. The market growth is further being driven by the rising demand for premium packaging within the food processing sector.
Global Container Glass Market Analysis:
The bottles segment dominated the market, with a 61% revenue share in 2021. The bottle is the preferred packaging option for glass. It is used extensively in beverage packaging. Glass bottles have been driven by the increasing global consumption of alcoholic drinks.
In the forecast period, the vials & ampoules segment will see a 4.7% CAGR. Many types of injectable medicines are contained in vials and ampoules. The demand for vials is increasing due to the rising consumption of biologics, insulin, and vaccine worldwide. Additionally, parenteral packaging is on the rise due to the rising prevalence of chronic diseases like hypertension and diabetes. This has further accelerated the growth of this segment.
End User Analysis
The segment food and beverage accounted for a high global revenue share in 2021. Container glass market growth can be attributed to an increase in consumption of alcoholic drinks and soft drinks around the globe.
In the future, the CAGR for the pharmaceutical industry will be 4.6%. Glass containers for the pharmaceutical industry are seeing high demand. This is due to the rising consumption of medications globally. Globally, ampoules and pills are the most popular glass container type for Pharmaceutical Industry packaging. The glass bottles used by the pharmaceutical industry can also be used to transport drops, suspension, syrups, and other medicines. Glass containers for the pharmaceutical industry are booming due to the growing demand for pediatrics and elderly medicines.
Key Market Segments:
- Vials & Ampoules
- Other Products
- Food & Beverage
- Cosmetics & Personal Care
- Other End-Users
Due to the Coronavirus pandemic, the market for container glass experienced a slight halt in its growth. Glass containers were not produced due to shortages, transportation restrictions, or shutdowns in industries. This resulted in a tight supply for end-user industries. The market's remarkable resilience was due to high demand from the food and drink and pharmaceutical industries.
Glass is used extensively in pharmaceutical, beverage, and cosmetics packaging due to its properties as recyclable and inert. Glass is used most often to make ampoules and vials. It is inert and can store chemically volatile compounds as well as highly corrosive substances. Glass is able to store products for longer periods of time than metal or plastic.
Glass packaging has a luxurious and clean look. This factor is driving container glass demand in the personal care and cosmetics industries. Urbanization and increasing disposable income have influenced consumers to be more aesthetic. You can customize and print glass containers to be used in home décor as decorative products, such as light sparkling bottles or candle containers. It is also used as tableware in consumer applications. These are all factors that will drive the demand for container glass during the forecast period.
The Asia Pacific dominated this market with a 36.7% revenue share in 2021. It was due to many factors such as increasing consumption of alcoholic drinks and growing food processor industry, increasing government initiatives, and support for the development of healthcare and pharmaceutical industries in the region. Japan, China, and India are the main contributors to the expansion of the regional market.
The U.S. has a high beer consumption which is a key factor in the growth of the container-glass market. China is the next largest consumer of beer in the world, with the U.S. being the second. Nearly 14.3% of all global beer consumption is made in the United States. Market growth can also be influenced by a large number of beverage and pharmaceutical companies based in the United States.
Europe's market is forecast to experience a 3.9% CAGR during the forecast period. The region's large food and beverage industry is key to market growth. The European Union's exports of food and beverages have increased by more than 82% in the past ten years.
Key Regions and Countries covered іn thе rероrt:
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- South Africa
- Rest of MEA
Market Share & Key Players Analysis:
Many factors influence the competition among players: product offerings, quality, and corporate reputation as well as price. To increase their market share and strengthen their distribution network, players are using a variety of strategies to expand their production capacity, joint ventures, mergers, acquisitions, and product expansion. Nipro Corporation purchased all shares of Piramidad. o.o. in May 2021. This is a Croatia-based pharmaceutical industry container manufacturing company.
Маrkеt Кеу Рlауеrѕ:
- Ardagh Group
- Gerresheimar AG
- Stevanato Group
- Schott AG
- Corning Inc.
- Piramal Glass Pvt. Ltd.
- Saverglass SAS
- Other Key Players
For the Container Glass Market research study, the following years have been considered to estimate the market size:
Particular Scope Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Historic Year 2016 to 2020 Estimated Year 2022 Forecast Year 2023 to 2032
Frequently Asked Questions (FAQ)
What is the size of the Container Glass market in 2021?
The Container Glass market size is US$ 67,114 million in 2021.
What is the projected CAGR at which the Container Glass market is expected to grow at?
The Container Glass market is expected to grow at a CAGR of 4.02% (2023-2032).
List the segments encompassed in this report on the Container Glass market?
Market.US has segmented the Container Glass market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Product, market has been segmented into Bottles, Vials & Ampoules, Jars, and Other Products. By Application, the market has been further divided into Chemical, Food & Beverage, Cosmetics & Personal Care, Pharmaceutical, and Other End-Users.
List the key industry players of the Container Glass market?
Ardagh Group, Borosil, Gerresheimar AG, Stevanato Group, Schott AG, Corning Inc., Piramal Glass Pvt. Ltd., Saverglass SAS, and Other Key Players are engaged in the Container Glass market.
Which region is more appealing for vendors employed in the Container Glass market?
APAC is expected to account for the highest revenue share of 36.7%. Therefore, the Container Glass industry in APAC is expected to garner significant business opportunities over the forecast period.
Name the key areas of business for Container Glass?
The US, China, Japan, India, Brazil, Germany, UK, France, Italy, Spain, etc. are key areas of operation for Container Glass Market.
Which segment accounts for the greatest market share in the Container Glass industry?
With respect to the Container Glass industry, vendors can expect to leverage greater prospective business opportunities through the Rubber Container Glass segment, as this area of interest accounts for the largest market share.
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