Global Glass Packaging Market to Grow at a CAGR of 4.4% During 2024-2032, Driven by the Contribution of Glass Packaging to a Circular Economy

The recyclability of glass is aiding its demand among eco-conscious consumers, favouring the glass packaging market growth. Glass can be infinitely recycled, saving resources and energy, and lowering carbon emissions of the packaging sector. Across the European Union, glass is collected for recycling via kerbside and bottle bank collection under Extended Producer Responsibility (EPR) schemes.

Further, glass bottles can be used around 50 times before being recycled and re-melted into new products, leading to a complete circular economy. In the food and beverage sector, glass is preferred for packaging due to its inertness, high barrier properties, and non-toxic nature. Technological advancements have improved the strength and weight of glass. Lightweight glass packaged products are easier and cost-effective to transport.

Europe is expected to lead the market with a significant market share owing to the demand for glass packaging for alcoholic beverages, such as wine. For instance, France is world-famous for its wines. The top five Bordeaux wineries, including Chateau Lafite-Rothshild, Chateau Latour, Chateau Haut Brion, Chateau Margaux, and Chateau Monton-Rothshild, are significant consumers of glass bottles.

The wide availability of glass packaging products like jars at physical and online channels, such as Walmart Inc (NYSE: WMT), Kroger Co. (NYSE: KR), and Amazon.com Inc (NASDAQ: AMZN), aids the market growth.

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Market Breakup by Application, Glass Type, Product, and Region:

• The market is segmented based on application into alcoholic beverage, food and beverage, pharmaceuticals, household and personal care, and others.

• By glass type, the market is segmented into borosilicate glass, de-alkalized soda lime glass, and soda lime glass.

• By product, the market is segmented into bottles, jars, and others.

• Region-wise, the global market for glass packaging can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing environmental concerns and consumer preferences for sustainable packaging are driving the demand for glass packaging, owing to its recyclability and eco-friendly characteristics.

• Lightweight glass bottles are widely adopted by perfume manufacturers owing to their cost-effectiveness and ease of transportation. The demand for lightweight packaging is rising, owing to the expanding e-commerce sector.

• Consumers prefer glass bottles over plastic and aluminium containers as they consider glass packaging to be a premium form of packaging.

• Glass is non-reactive and does not leach harmful chemicals into food and beverages, making it a safe and hygienic packaging option. The demand for glass is rising in the food and beverages sector to preserve the quality and freshness of consumables, supporting the glass packaging market demand.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for glass packaging for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the application, glass type, product, and major regions of glass packaging.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the glass packaging market are Ardagh Group S.A., Couronne Co., Inc., Nihon Yamamura Glass Co. Ltd., Koa Glass Co., Ltd., PGP Glass Private Limited, The Dow Chemical Company, O-I Glass, Inc, Toyo Seikan Group Holdings Ltd, Gerresheimer AG, HEINZ-GLAS GmbH & Co. KGaA, and Wiegand-Glas Holding GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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