Glass Mold Market Size, Share, Trends, Growth 2032

Glass Mold Industry Prospective:

The global glass mold market size was evaluated at $860 million in 2023 and is slated to hit $1,228 million by the end of 2032 with a CAGR of nearly 5% between 2024 and 2032.

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Glass Mold Market: Overview

Glass molds are utilized in a slew of glass-working methods for shaping glass into particular patterns and designs. They are available in various types and sizes based on the type of process being used in glass manufacture. There are various kinds of glass molds such as casting molds, blow molds, press molds, embossing molds, jigger molds, slumping molds, and kiln molds.

Key Insights

• As per the analysis shared by our research analyst, the global glass mold market is projected to expand annually at the annual growth rate of around 5% over the forecast timespan (2024-2032)
• In terms of revenue, the global glass mold market size was evaluated at nearly $860 million in 2023 and is expected to reach $1,228 million by 2032.
• The global glass mold market is anticipated to grow rapidly over the forecast timeline owing to escalating demand for glass packaging in pharmaceuticals, consumer goods, pharmaceuticals, and beverages sectors.
• In terms of mold type, the ordinary cast iron mold segment is slated to register the highest CAGR over the forecast period.
• Based on end-user, the food & beverages segment is predicted to dominate the segmental sphere in the upcoming years.
• Region-wise, the Asia-Pacific glass mold industry is projected to register the fastest CAGR during the forecast timespan.

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Glass Mold Market: Growth Factors

Humungous product usage in various end-use sectors to scale up the global market expansion by 2032

Escalating demand for glass packaging in pharmaceuticals, consumer goods, pharmaceuticals, and beverages sectors will prop up the surge of the global glass mold market. Furthermore, flourishing electronics and automotive sectors are likely to contribute massively towards the size of the global market in the years ahead. Technological innovations in CNC machining systems and breakthroughs in additive manufacturing for improving the efficacy of mold production are predicted to accelerate the demand for glass mold. Moreover, a surge in the allocation of funds for research activities focused on developing cost-efficient mold manufacturing methods is expected to boost the global market trends. Escalating demand for decorative glass items and recyclable art products along with the need for eco-friendly packaging activities is likely to prop up the global market demand.

Glass Mold Market: Restraints

Escalating costs of glass molds can retrograde the growth of the industry globally over 2024-2032

Surge in the prices of raw materials utilized in the manufacture of durable glass molds including alloys and special ceramics can hinder the global glass mold industry surge by 2032. Economic depressions and high preliminary charges of deploying 3D printing & CNC machining technologies can prove to be a huge obstacle to the growth of the industry across the globe.

Glass Mold Market: Opportunities

An immense usage of smart glass systems to create new growth opportunities for the global market by 2032

Humungous demand for glass in the healthcare and medical sectors is predicted to trigger the expansion of the glass mold market globally. Furthermore, large-scale demand for smart glass and architectural glass technologies will open new avenues of growth for the global glass mold market.

Glass Mold Market: Challenges

Lack of availability of expert professionals can challenge the growth of the industry globally

Shortage of skilled labor force and supply chain oscillations can obstruct the expansion of the global glass mold industry. Furthermore, challenges in transporting raw components from one place to another along with logistics challenges are likely to impact the just-in-time delivery of glass molds, thereby severely affecting the expansion of the industry globally.  

Glass Mold Market: Segmentation

The global glass mold market is divided into mold type, end-user, and region.                                          

In terms of mold type, the glass mold market across the globe is bifurcated into alloy cast iron mold and ordinary cast iron mold segments. Additionally, the ordinary cast iron mold segment, which gathered nearly 71% of the global market earnings in 2023, is predicted to record the fastest CAGR in the assessment timeframe. The expansion of the segment in the coming decade can be due to huge product demand for glass accessories and glass items. Apart from this, ordinary cast iron molds are utilized in producing dinnerware, tableware, and decorative items. Moreover, they are reusable and prevent glass from sticking to the mold.

Based on the end-user, the global glass mold industry is divided into food & beverages, healthcare, and chemicals segments. Furthermore, the food & beverages segment, which dominated the segmental landscape in 2023, is expected to account lucratively for the global industry revenue in the forecasting timespan. The expansion of the segment in the analysis timeframe can be subject to the large-scale use of glass mold in producing glass in various designs and shapes for storing foods as well as beverages.

Glass Mold Market: Report Scope

Glass Mold Market: Regional Insights

North American market to retain leading status during the projected period

North America, which accounted for 50% of the global glass mold market revenue in 2023, is set to establish a key position in the global market in the upcoming years. Moreover, the evolution of the market in the region during the period from 2024 to 2032 can be subject to the flourishing pharmaceutical sector in countries such as the U.S. Apart from this, the presence of key players in countries such as the U.S. and Canada will drive the growth of the market in North America.

Asia-Pacific glass mold industry is predicted to record the fastest growth rate each year in the coming few years. The growth of the industry in APAC can be due to favorable government initiatives such as AFS and environmental protection agencies related to regulating emissions during glass mold production activities. Countries such as China and India are expected to be the key regional revenue pockets in the foreseeable future.

Glass Mold Market: Competitive Space

The global glass mold market profiles key players such as:

• FUSO MACHINE & MOLD MFG.CO.LTD
• HEBEI ANDY MOULD
• Hunprenco Precision Engineers
• Ross International
• Omco International
• TOYO GLASS MACHINERY
• Jianhua Mould
• RongTai Mould
• ORI Mould
• Jinggong Mould
• Weiheng Mould
• Donghai Glass Mould Co.
• JCL Engineering Pte Ltd
• Perego
• UniMould
• Dameron Alloy Foundries
• Xinzhi Industry
• Inhom
• Strada
• TETA Glass Mould

The global glass mold market is segmented as follows:

By Mold Type

• Alloy Cast Iron Mold
• Ordinary Cast Iron Mold

By End-User  

• Food & Beverages
• Healthcare
• Chemicals

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa