Glass Packaging Market to Reach $77,471.4 million, Globally, by 2032 at 4.5% CAGR: Allied Market Research

The growth in focus on environmental sustainability drives the growth of the glass packaging market. In addition, rise in concerns by different end-user industries to maintain product integrity drives the market growth.

Wilmington, Delaware , Feb. 23, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Glass Packaging Market By Packaging Type (Bottles, Jars, and Other), Glass Type (Clear Glass, Coloured Glass), End User Industry (Food And Beverage, Pharmaceutical, Personal Care, Other): Global Opportunity Analysis And Industry Forecast, 2023-2032 “. According to the report, the global glass packaging market was valued at $45,505.5 million in 2020 and is projected to reach $77,471.4 million by 2032, registering a CAGR of 4.5% from 2023 to 2032. 

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Prime determinants of growth 

The rise in demand for packaging in food & beverage, and cosmetics & personal care product industries drives the growth of the glass packaging market. In addition, the need for packaging in different industries along with rise in e-commerce and trade also boost the market. However, the fluctuating cost of raw materials restricts market growth.   

Report coverage & details: 

Report Coverage  Details 
Forecast Period  2023–2032 
Base Year  2022 
Historic Period  2020-2021 
Market Size in 2020  $45,505.5 million 
Market Size in 2032  $77,471.4 million 
CAGR  4.5% 
No. of Pages in Report  184 
Segments Covered  Packaging type, glass type, end user Industry, and region. 
Drivers  Rise in demand for packaging in food & beverage and cosmetics & personal care products industries    Growth in Trade and E-commerce    Necessity of Packaging in different industries  
Opportunities  Development in the Packaging Industry  
Restraints  Fluctuating cost of raw materials 


The bottles segment to
maintain its leadership status throughout the forecast period 

On the basis of packaging type, the bottles segment held the highest market share in 2020, accounting for more than half of the glass packaging market revenue, and is estimated to maintain its leadership status throughout the forecast period. There is a growth in preference for sustainable packaging options as environmental awareness increases. Glass is perceived as eco-friendly due to its recyclability and inert nature. Consumers and businesses have increasingly favored packaging materials that have a minimal impact on the environment. 

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The clear glass segment to maintain its leadership status throughout the forecast period 

On the basis of glass type, the clear glass segment held the highest market share in 2020, accounting for more than two-thirds of the glass packaging market, and is estimated to maintain its leadership status throughout the forecast period. Clear glass allows consumers to see the product within, which is advantageous for items such as beverages, food products, cosmetics, and pharmaceuticals. Transparency enhances the visual appeal of the product and can influence purchasing decisions. Such factors fuel the market growth. 

The Food and beverage segment to maintain its lead position during the forecast period 

On the basis of end user industry, the food and beverage segment accounted for the largest share in 2020, contributing nearly three-fifths of the glass packaging market revenue, and is projected to maintain its lead position during the forecast period. In the food and beverage segment, glass packaging innovation plays a key role in gaining a competitive advantage for retailers and product manufacturers who seek to promote and differentiate their brands. Such factors are expected to propel the demand for glass packaging during the forecast period. 

Asia-Pacific to maintain its dominance by 2032 

On the basis of region, Asia-Pacific held the highest market share in terms of revenue in 2020, accounting for more than one-third of the glass packaging market revenue. 

The major drivers of the glass packaging market in the Asia-Pacific region are new and emerging packaging technologies for food packaging and packaging based on eco-friendly materials. Moreover, there is a high demand for new technologies to improve packaging quality and provide better safety and protection to contained products such as food, cosmetics, and pharmaceuticals. All such factors are anticipated to provide lucrative opportunities for the growth of the glass packaging market.  

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Leading Market Players: – 

  • Verallia SA 
  • Vidrala 
  • Taiwan Glass Industry Corporation Limited  
  • BA Group 
  • Gerresheimer AG 
  • O-I Glass 
  • Stoelzle Glass Group 
  • PGP Glass Private Limited 
  • Vitro Glass 
  • Ardagh Group S.A.Atlas Copco  

The report provides a detailed analysis of these key players in the glass packaging market. These players have adopted different strategies such as new product launches, expansion, and acquisitions to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

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About us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

 We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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