Glass Manufacturing Market - By Product (Flat Glass, Container Glass, Fiber Glass, Specialty Glass), By Sector (Packaging, Automotive & Transportation, Construction, Telecommunication, Electronics), By Region & Global Forecast, 2023 – 2032

Industry Statistics

Glass Manufacturing Market size was worth more than USD 265 billion in 2022 and is expected to expand at over 4.5% CAGR from 2023-2032. Increasing investments in infrastructure development and rising demand for consumer electronics will positively influence industry trends.
 

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Over the last decade, the electronics sector has witnessed expansive growth with advancements in chip and semiconductor technology. Glass is a crucial raw material in electronics, telecommunication devices, and construction activities. A broad spectrum of business verticals including automobile, chemicals, electronics, and construction is heavily inclined towards the use of specialty glass. Rising disposable income across several developed and developing economies has encouraged consumers to invest in home interior products such as decorative glass. It is also used in commercial spaces for sound insulation.
 

The availability of a wide variety of potential alternatives may impede the glass manufacturing market outlook. Plastic is commonly used as a replacement for glass across automotive and construction applications. Extensive R&D activities are underway to determine the potential of glass alternatives such as acrylic, plexiglass, and polycarbonate for use in windows. These materials ensure relatively higher worker safety and energy-efficient production, hampering glass production.
 

Health concerns associated with plastic to boost sales of glass containers

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Glass manufacturing market share from container glass segment is projected to exhibit over 5% CAGR between 2023-2032. Expanding food and beverage sector presents a robust demand for glass containers. While plastic is extensively used in food/beverage packaging, glass is the more preferred material for storage. It is more hygienic and easier to clean as compared to plastic containers and has lesser particle migration.
 

Glass containers are 100% sustainable and infinitely reusable, refillable, and recyclable. Various studies have found that certain chemicals in plastic are released into the food on heating and can cause metabolic disorders and fertility issues. For instance, BPA (Bisphenol A) is a chemical found in plastic containers which can potentially affect the brain and prostate gland of infants, fetuses, and children.
 

Increasing use of glass in pharmaceutical packaging to maintain product integrity

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In terms of revenue share, the glass manufacturing market from the packaging sector is estimated to account for over USD 115 billion by 2032. Glass packaging has widespread application across the F&B sector to store processed baby foods, condiments, instant coffee, dairy products, syrups, and processed fruit & vegetables. The high penetration of glass packaging across F&B applications can be attributed to its flavor retention properties.
 

Glass is also the preferred choice of packaging among pharmaceutical companies as it is sturdier and possesses low health hazards. Pharma products with glass packaging can be easily transported in bulk and offer chemical resistance against the product. Several vaccine manufacturers are using colored glass to protect light-sensitive medicines from exposure to UV rays.
 

International investments to strengthen APAC glass manufacturing business

Asia Pacific glass manufacturing market value is poised to reach USD 230 billion by 2032. APAC countries such as China and India showcase dynamic glass manufacturing output owing to rapid industrial and economic growth. Owing to the constantly escalating population, the region is witnessing a substantial rise in construction activities, propelling the demand for flat glass.
 

Developing economies across APAC have attracted international glass manufacturers to set up their facilities due to the lower cost of production in the region. For instance, in March 2022, the Indian operations of French float glass maker Saint Gobain announced an investment worth USD 61 million in a new integrated window line along with a float glass facility at its World Glass Campus in Chennai, India. The company aims to boost its revenue to USD 366 million by 2030.
 

Product development initiatives to boost the glass manufacturing industry outlook

Some of the leading companies in the global glass manufacturing market include Saint-Gobain S.A., AGC Inc., Corning Incorporated, Vitro, S.A.B. de C.V., Nippon Sheet Glass Co., Ltd., Kyocera Corporation, Schott AG, Vetropack Holding AG, CoorsTek Inc., Nippon Electric Glass Co., Ltd., Morgan Advanced Materials, Guardian Glass LLC, AIS Glass, CSG Holding Co., Ltd., and China Glass Holdings Ltd.
 

Impact of COVID-19 pandemic on glass manufacturing market trends

The COVID-19 pandemic had a significant impact on glass manufacturing industry trends. Glass shortage challenges and volatile prices of raw materials are some of the effects of the pandemic. Due to lockdown restrictions and the shutdown of manufacturing facilities, glass production was reduced substantially resulting in a shortage across packaging applications. The pandemic also introduced novel supply chain challenges with an unending backlog of shipments.
 

An extremely disproportionate supply and demand ratio further hampered industry performance. For instance, lockdown-driven alcohol consumption and production of COVID-19 vaccines resulted in a shortage of glass bottles and glass vials for vaccine storage. However, this scenario has encouraged several manufacturers to develop novel solutions.
 

The glass manufacturing market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2032 for the following segments:

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By Product

• Flat glass
• Container glass
• Fiber glass
• Specialty glass

By Sector

• Packaging
• Automotive & transportation
• Construction
• Telecommunication
• Electronics
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Kuwait