Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 68.8 Billion | USD 97.24 Billion | 3.92% | 2023 |
According to a report from Zion Market Research, the global Container Glass Market was valued at USD 68.8 Billion in 2023 and is projected to hit USD 97.24 Billion by 2032, with a compound annual growth rate (CAGR) of 3.92% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Container Glass industry over the next decade.
Container glass is a kind of glass that is used in the production of bottles, bowls, and jars. Furthermore, the product possesses lesser amount of magnesium oxide & sodium oxide as compared to flat glass. It comprises of large proportion of aluminum oxide, silica, and calcium oxide. Additionally, the product is used for storing food & beverages.
The use of the glass containers to store beverages or drinks has been the part of tradition of many aristocratic families and royal families since ancient times/period. It has also been used for storing beverages and serving the guests in many eastern & western cultures since past many decades.
The growth of the market over the forecast timeline is attributed to huge consumption of alcoholic beverages such as beer, vodka, and red wine across the globe. In addition to this, rise in the demand for environment friendly products will further drive the industry landscape over the coming years. Consumers prefer container glass more over plastic containers as the latter contributes majorly towards environmental degradation. Apparently, container glass is light in weight and finds strong use for storing cold drinks and hot drinks as well as sodas & wines.
The study provides a decisive view of the container glass market by segmenting the market based on by glass type, by container type, by forming process, by end use and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By glass type segment analysis includes type-1, type-2, type-3, type-4.
By container type segment analysis includes packaging, tableware, decorative containers.
By forming process segment analysis includes blow & blow forming, press & blow forming.
By end use segment analysis includes packaging, non-packaging.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Container Glass Market |
Market Size in 2023 | USD 68.8 Billion |
Market Forecast in 2032 | USD 97.24 Billion |
Growth Rate | CAGR of 3.92% |
Number of Pages | 110 |
Key Companies Covered | Becton, Dickinson and Company, Saverglass SAS, Ardagh Group, Piramal Glass Limited, Gerresheimer AG, Owens-Illinois, Inc., Beatson Clark Ltd., Adelphi Healthcare Packaging, Hindusthan National Glass & Industries Limited, Stevanato Group, Nipro Corporation, Schott AG, Vidrala S.A., Vitro, S.A.B. de C.V., Nampak Ltd., Consol Glass (Pty) Ltd., BA Glass, Wiegand-Glas GmbH, and AGI Glasspack Limited |
Segments Covered | By Glass Type, By Container Type, By Forming Process, By End Use And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Furthermore, new designed glass containers to increase the visual appeal of the product will amplify the market growth over the forthcoming years. The low production cost of these materials have enhanced the popularity & utility of glass containers across the globe.
The growth of the market in the Asia Pacific zone over the forecast timeline is subject to huge consumption of alcoholic beverages in the nations like India and China.
The global container glass market is segmented as follows:
By glass type
By container type
By forming process
By end use
By Region
FrequentlyAsked Questions
The Container Glass Market was valued at USD 68.8 Billion in 2023.
The Container Glass Market is expected to reach USD 97.24 Billion by 2032, growing at a CAGR of of 3.92% between 2024 to 2032.
Global Container Glass Market players such as Becton, Dickinson and Company, Saverglass SAS, Ardagh Group, Piramal Glass Limited, Gerresheimer AG, Owens-Illinois, Inc., Beatson Clark Ltd., Adelphi Healthcare Packaging, Hindusthan National Glass & Industries Limited, Stevanato Group, Nipro Corporation, Schott AG, Vidrala S.A., Vitro, S.A.B. de C.V., Nampak Ltd., Consol Glass (Pty) Ltd., BA Glass, Wiegand-Glas GmbH, and AGI Glasspack Limited.
The growth of the market over the forecast timeline is attributed to huge consumption of alcoholic beverages such as beer, vodka, and red wine across the globe. In addition to this, rise in the demand for environment friendly products will further drive the industry landscape over the coming years. Consumers prefer container glass more over plastic containers as the latter contributes majorly towards environmental degradation. Apparently, container glass is light in weight and finds strong use for storing cold drinks and hot drinks as well as sodas & wines.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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