The containers glass are gaining importance in several industry verticals via pharmaceutical, food & beverage, cosmetic, etc. due to their benefits includes to increase the shelf life of the product, preserve the product, , and availability in various shape, size and colour are some of the major factors helps to drive the global container glass market. In addition, rising alcohol consumption across the world has contributed the significant increase in growth rate of the container glass market. The container glass has highly used by liquor industry, in results the growth of the liquor industry directly impacts the market of container glass market growth. Cosmetic sector manufacturers are focused on adopting smart packaging solution that increase the life of product and does not react with the chemical stored in it, and glass container is suitable for this type of packaging. Moreover, the container bottle is highly used in cosmetic industry as it increases the value of the product. On other side, due to pandemic COVID-19, the disrupted supply chain has affect the packaging industry. The global containers glass market is expected to register steady growth during the forecast period, 2022-2030.
Impact of Covid-19 pandemic on market
COVID-19 crisis impacted manufacturers involved in various industries and obstructed the entire supply chain, from raw materials to end product delivery. Moreover, government and policymakers are mostly engaged in handling and controlling the medical crisis to meet a healthy and safe environment for the nation's population. The lack of understanding to manage economic risks and the business sector is expected to put the economic and industrial growth towards vulnerability. The report will include the impact of COVID-19 on the target market in detail.
Market Dynamics: Global Containers Glass Market
Rising food & beverage industry has increased the demand for alcohol, which encouraged the container glass market to rise. Moreover, developing the pharmaceutical sector and adoption of containers glass from hospitals and laboratories, are some of major factors which anticipate to grow the global containers glass market over the forecast period.
However, some factors includes fragility and critical transportation are hampering the growth of the global containers glass market during the forecast period.
The market player has an opportunity to invest in an emerging market to gain more sales benefit over the forecast period. Moreover, technology advancements to develop strong light weight glass with UV-resistant helps major player of targeted market to create new revenue opportunities during the forecast period.
Market Segmentation: Global Containers Glass Market
The global Containers Glass market is segmented based on container, and regions. The global containers glass market is segmented based on the container as bottles, jars, and vials & ampoules. The bottles segment is estimated to grow with highest CAGR during the forecast period. Rising the cosmetic industry across the world, the creams, perfumes, and lotions are typically packaged in bottle for increasing the aesthetic appeal. The use of container glass bottles is especially high in cosmetic industry as it increase the value of product.
Based on the End-use, the global containers glass market is segmented into pharmaceutical, cosmetics & perfumes, food & beverage packaging, and others. Among the segmented end-use, the food & beverage packaging segment is estimated to hold the largest market share. Rising the food & beverage industry has upped the demand for alcohol, which helps to drive this segment of end-use during the forecast period.
Regional Overview: Global Containers Glass Market
In the region, the global Containers Glass market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a large amount of revenue share due to high demand from cosmetic and food & beverage manufacturers. Moreover, presence of major food and beverage manufacturers operating in this region along with innovative products offering is expected to further support the growth of the global containers glass market over the forecast period. Asia Pacific is expected to witness faster growth due to presence of major pharmaceutical players operating in the country in this region.
Competitive Landscape: Global Containers Glass Market
The key players operating in the global Containers Glass market include Ardagh Group, Becton, Dickinson and Company, Adelphi Pharmaceutical, Schott AG, Piramal Glass Limited, Owens-Illinois, Inc., Wiegand-Glas GmbH, Adelphi Pharmaceutical, Vidro, S.A., Frigoglass, Consol Glass (Pty) Ltd., Stevanato Group, Saverglass SAS, Beatson Clark Ltd., AGI Glasspack Limited, Amcor Plc., Hindusthan National Glass & Industries Limited, Nampak Ltd., Vidrala S.A. and other players.
Due to increase in consumer preference for environmentally friendly products, it is estimated that the glass container market will welcome new entrants in near future. Investment in new product categories with a differentiated pricing strategy enables the manufactures to lure new customers and gain prominent market share in the various product category.
Detailed Segmentation: Global Containers Glass Market
The base year for estimation
Revenue in USD Million & CAGR from 2022-2030
By Container – Bottles, Jars, and Vials & Ampoules
By End-use – Pharmaceutical, Cosmetics & Perfumes, Food & Beverage Packaging, and Others
North America - U.S., Canada
Europe - Germany, UK, Spain, France, Italy, Russia, Rest of Europe
Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
Latin America - Brazil, Mexico, Argentina, Rest of Latin America
Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2028. For the purpose of this study, analyst has segmented the global containers glass market report based on the container, End-use, and region.