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

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Food Additives Market Size & Share Hit USD 55.53 Billion By 2022 : Grand View Research Inc.

Image
San Francisco, 17 October 2019:   The Report   Global Food Additives Market   Analysis By Product Flavors & Enhancers (Natural, Artificial), Sweeteners (High Intensity, HFCS), Enzymes, Emulsifiers (Mono, Di-Glycerides, Lecithin, Stearoyl Lactylates, Sorbitan Esters), Shelf-life Stabilizers, Fat Replacers (Protein, Starch)] And Segment Forecast To 2022 Global food additives market is expected to reach USD 55.53 billion by 2022, according to a new study by Grand View Research, Inc. Food & beverage industry growth in BRICS and Middle East on account of rising domestic consumption and increasing foreign direct investments is expected to augment market growth. Asia Pacific is expected to be one of the most promising markets on account of growing domestic consumption in China and India owing to population growth and new product launches by food & beverage manufacturers. Availability of raw materials such as sorbitol and lactic acid in China, Indonesia, and Malaysia in light o
Read more

Integration Platform as a Service Market Valuation Is Expected To Exceed USD 2.70 Billion By 2025: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Integration Platform as a Service (IPaaS) Market  Analysis By Integration Type (API, Process, Application, Data), By Services, By Deployment (Cloud, On-Premise, Hybrid) By Region, And Segment Forecasts, 2018 – 2025 The global integration platform as a service (IPaaS) market is expected to reach USD 2.705.8 million by 2025, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions. Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity
Read more