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Glass Packaging Market Size, Share and Industry Analysis Report by Product (Borosilicate, De-alkalized Soda Lime, Soda Lime) and Application (Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals), Regional Outlook, Application Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI1988
  • Published Date: Jul 2021
  • Report Format: PDF

Industry Overview

Glass Packaging Market size was valued at USD 51.2 billion in 2020 and will grow at a CAGR of 4.4% from 2021 to 2027 owing to increasing glass recycling rates in conjunction with the eco-friendly benefits of glass. A positive outlook for food & beverage packaging and favorable trends associated with the pharmaceutical industry will benefit industry expansion.

Glass packaging includes all packaging formats made from glass such as jars, bottles, containers, and others. Recyclability and neutral reacting ability make it a popular choice in packaging applications. It is widely used in the packaging of pharmaceuticals, cosmetics, food products, and alcoholic beverages. It prevents the contamination of products while increasing shelf life.

Glass Packaging Market Outlook

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Rising glass recycling rates across the globe will augment the market growth by the end of the forecast period. Europe is the leading market in the glass recycling industry, displaying steady growth over the past few years. Glass recycling rates in Europe increased from 66% to 74% from 2008 to 2018.

One of the major reasons behind this growth is supportive government policies and legislation. Furthermore, European governments have developed new policies and initiatives to boost the glass recycling industry. Many countries in Europe have increased landfill tax rates to encourage glass recycling practices.

The global pharmaceutical industry will continue its solid growth in the future owing to research & development activities, technological progressions, and government funding. Due to unhealthy lifestyles, improper eating habits, and health negligence, the market is witnessing a huge demand for various drugs and tablets. Due to the above-mentioned factors, reliance on pharmaceutical drugs is increasing day-by-day. Moreover, the introduction of novel technologies in pharmaceutical manufacturing and cutthroat competition in the glass packaging market will potentially trigger the sales of drugs in the coming years.

The increasing popularity of plastics as a packaging material may affect the glass packaging market growth by 2027. Plastics can be molded into various shapes & sizes and are lightweight. Moreover, the thickness of plastics can be controlled, increasing their scope of applications. Research & developmental activities in plastics coupled with technological advancements have resulted in the production of plastics with qualities similar to glass. Thus, the popularity of plastics as packaging materials has grown over the past few years. However, environmental benefits of glass compared to plastics will benefit industry expansion in the future.

Soda lime glass will gain significant traction in future

Glass Packaging Market by Product

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Soda lime glass will grow at a CAGR over 4% during the forecast period. This glass type is commonly used in the packaging of foods, beverages, pharmaceuticals, etc. It generally contains of 60% - 75% silica, 12% - 18% soda, and 5% - 12% lime. It exhibits moderate chemical and hydrolytic resistance. It is relatively inexpensive and ideal for recycling as glass can be re-formed and re-melted again and again. It has excellent workability and can be softened many times during the fabrication process. This glass type is sometimes tinted for use in specific applications including beer and medication as it protects sensitive contents. Glass bottles made from this type of glass work best with dry heat sterilization.

Alcoholic beverages will dominate the market within the forecast period

Glass Packaging Market by Application

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In 2020, alcoholic beverages captured more than 35% share. Rising alcohol consumption will drive the glass packaging market share over the next few years. The increasing availability of bottles of various sizes in the retail market and innovation in design & chemical composition that results in reduced weight of glass bottles are some of the major factors anticipated to further boost the demand for glass packaging of alcoholic beverages during the forecast period. Rising spending tendency, the influence of western lifestyles, and easy availability will positively influence alcohol consumption.

Rising consumption of alcoholic beverages will support the Asia Pacific market growth

Glass Packaging Market by Region

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Asia Pacific captured nearly 40% share in 2020. Rising population coupled with demographic shifts in Asia Pacific will influence the alcoholic beverages business in the future and subsequently bolstering the glass packaging market. Moreover, favorable trends associated with the pharmaceutical industry will support market expansion. The rising number of acute & chronic disease and increasing aging population will augment the demand for pharmaceutical products.

Glass packaging is widely used in the pharmaceutical industry as its offers excellent chemical & superior resistance against the entry of air and moisture. Additionally, they can easily be sterilized by the application of heat. High investments in research & development and supportive government spending will positively influence the pharmaceutical sector, in turn, will spur the glass packaging market revenue by the end of the forecast period.

Mergers and acquisitions will form the basis of business expansion

Amcor Ltd., Bormioli Rocco SpA, Gerresheimer AG, Owens-Illinois Inc., Stolzle-Oberglas GmbH, Vidrala S.A., and Ardagh Group are some of the key players in the glass packaging industry. These manufacturers are adopting various strategies including the expansion of sales & distribution networks, production capacity expansion, mergers & acquisitions, and product development to gain a competitive advantage in the market.

In April 2013, Bormioli Rocco SpA acquired a majority stake in Neubor Glass, an Italy-based glass manufacturing company that has enhanced its glass packaging range in the pharmaceuticals industry. In September 2015, Owens-Illinois, Inc. acquired the food & beverage glass container business of Vitro, S.A.B. de C.V. This strategic acquisition strengthened its market position and helped it to gain a competitive advantage with better market opportunities.

The glass packaging market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2017 to 2027, for the following segments:

By Product

  • Borosilicate
  • De-alkalized soda lime
  • Soda lime

By Application

  • Alcoholic beverages (excluding beer)
  • Beer
  • Food & beverages
  • Pharmaceuticals
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • Australia
    • Malaysia
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC
Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global market share of glass packaging to garner $69 billion by 2027 and is poised to rise at a CAGR of 4.4% from 2021 to 2027.

The glass packaging industry size from the soda lime glass product segment is pegged to witness a CAGR of over 4% through 2027 owing to higher usage in the packaging of foods, beverages, and pharmaceuticals.

Alcoholic beverages accounted for over 35% of the glass packaging industry share in 2020 and will see expansion owing to the rising rate of alcohol consumption.

Asia Pacific recorded more than 40% share in 2020 due to the expanding population and the demographic shifts in the region.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 167
  • Countries covered: 17
  • Pages: 150

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