Container Glass Market To Witness A Significant Growth Of USD 82.2 Billion By 2028

 San Francisco, 8 Sep 2023: The Report Container Glass Market Size, Share & Trends Analysis Report By Product (Bottles, Jars, Vials And Ampoules), By End User (Pharmaceutical Industry, Chemical Industry, Consumer Application), By Region, And Segment Forecasts, 2021 - 2028

The global container glass market size is anticipated to reach USD 82.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.7% from 2021 to 2028. 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 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. Moreover, glass is reusable and recyclable, thus consumers and industrialists are focusing on glass containers to protect the environment against plastic containers.

In 2020, the market experienced a slight decline in growth owing to the outbreak of the Coronavirus pandemic. Travel restrictions and raw material shortages hampered the production of container glass. This resulted in the reduced supply of glass containers to the end-user industry. High demand for vials and ampoules from the pharmaceutical industry had a significant impact on the market in 2020.

Access Research Report of Container Glass Market @ https://www.grandviewresearch.com/industry-analysis/container-glass-market-report

 Container Glass Market Report Highlights

• The bottles segment contributed to 60.3% of the global revenue share in 2020. Increasing consumption of alcoholic beverages, carbonated drinks, and bottled water in various nations across the globe is driving the market growth of glass bottles. According to the International Journal of Science and Research (IJHSR), the per capita consumption of carbonated drinks in India is 13 liters and 62 liters in China. The consumption level of carbonated drinks in India rose by 25.0% between 2014 and 2019
• The vials and ampoules segment is expected to witness a CAGR of 8.4% over the forecast period. The outbreak of the Coronavirus pandemic has increased the demand for vials and ampoules in the pharmaceutical sector. Increasing utilization of catalysts, enzymes, and food essence in the bakeries and confectionaries is expected to drive the glass vials and ampoules demand in the food and beverage industry
• Middle East and Africa is expected to register a CAGR of 3.0% over the forecast period. UAE has the highest consumption rates of bottled water globally. In addition, beer consumption in Africa is increasing at a significant rate i.e., 4.4% from the last eight years which is further expected to drive the market in the region
• Players operating in this market are utilizing differential strategies to get a large customer base. Some players are offering premium glass container for end-user industries. For instance, Unitrade FZE is offering luxury glass packaging for fragrances and beauty products

Container Glass Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 63.3 billion
Revenue forecast in 2028	USD 82.2 billion
Growth Rate	CAGR of 3.7% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

List of Key Players of Container Glass Market

• 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
• Owens-Illinois

Access Press Release of Container Glass Market @ https://www.grandviewresearch.com/press-release/global-container-glass-market