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

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more