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The Latin America glass packaging market size is expected to grow at a CAGR of 4.80% during the forecast period of 2023-2028, owing to the rising consumer demand for safe and hygienic packaging.
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Glass is regarded as an excellent material for product packaging since it lowers the chance of contamination and safeguards the contents from harm. Glass packaging is a type of rigid packaging that helps to protect the contents by covering it with glass materials in a variety of densities, sizes, and shapes. There are various forms of glass packaging that are available in the market including containers and bottles, among others. The texture, content, and flavour of the substance in the glass container are unaffected by these glass itself.
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Based on glass type, the market is segmented into borosilicate glass, de-alkalized soda lime glass, and soda-lime glass. The market is divided on the basis of product into bottles, and jars, among others. Based on application, the market is segmented into alcoholic beverages, food and beverages, household and personal care, and pharmaceuticals. The major countries for glass packaging in Latin America can be divided into Brazil, Mexico, Peru, Argentina, and Colombia, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America glass packaging market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
During the forecast period, the borosilicate glass segment is anticipated to increase significantly due to its excellent chemical composition, thermal shock resistance, high strength, and extreme durability. Also, borosilicate glass can endure a range of temperatures, making it ideal for packaging purposes, particularly for the pharmaceutical industry's need to store medicines at low temperatures. This quality also gives it significant momentum in the personal care and food and beverage sectors. Due to these benefits, borosilicate is becoming more and more popular, which is anticipated to boost the expansion of the Latin America glass packaging market.
De-alkalized soda lime glass ensures that the ionic strength or pH value of the substance is not impacted during storage, making it ideal for vials that carry therapeutic fluids like vaccinations, blood, and plasma.
The applications of glass packaging for alcoholic beverages is anticipated to witness fast growth in the upcoming years. The demand for glass packaging of alcoholic beverages is anticipated to be boosted by factors such as the expanding availability of bottles in a variety of sizes in the retail market and innovations in design and chemical composition that result in lighter glass bottles. The vast majority of beer is sold in glass bottles, necessitating higher production rates in the glass packaging sector. The popularity of glass bottles is also being fuelled by the rising demand for premium versions of alcoholic beverages, thus aiding the Latin America glass packaging market.
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O-I Glass, Inc. is a container glass manufacturer with its corporate headquarters in Ohio in the United States. It ranks as the largest producer of glass containers and is one of the world's top producers of packaging goods. The company manufactures a range of glass bottles for the food, beverage, personal care, and other relevant industries.
Verallia, with its headquarters in France, is a leading manufacturer of glass packaging for foods and beverages worldwide. The company focuses on reinventing how glass is produced, used, and recycled so that it will be the most environmentally friendly type of packaging available. It produces 16 billion glass bottles and jars annually to service 10,000 businesses, ranging from small local family producers to well-known global brands.
PGP Glass, an international leader in the design, manufacture, and decoration of premium glass packaging, has its worldwide headquarters in Mumbai, India. It is a market leader for glass packaging solutions for industries including pharmaceutical, cosmetics and fragrance, and speciality food and beverage. The business has facilities specifically designed to provide high-end glass decoration services such printing, hot-foil stamping, coating, frosting, decal, fitting gluing, and metallisation.
Other market players include Silgen Plastics, and Crostar Tabletop S.A.S., among others.
REPORT FEATURES | DETAILS |
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Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Glass Type |
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Breakup by Product |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in The Market
8 Latin America Glass Packaging Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Glass Packaging Historical Market (2018-2022)
8.3 Latin America Glass Packaging Market Forecast (2023-2028)
8.4 Latin America Glass Packaging Market by Glass Type
8.4.1 Borosilicate Glass
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 De-Alkalized Soda Lime Glass
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Soda-Lime Glass
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Latin America Glass Packaging Market by Product
8.5.1 Bottles
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Jars
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Latin America Glass Packaging Market by Application
8.6.1 Alcoholic Beverages
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Food and Beverages
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Household and Personal Care
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Pharmaceuticals
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.7 Latin America Glass Packaging Market by Country
8.7.1 Market Share
8.7.1.1 Brazil
8.7.1.2 Mexico
8.7.1.3 Peru
8.7.1.4 Argentina
8.7.1.5 Colombia
8.7.1.6 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Mexico
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Peru
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Argentina
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Colombia
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat Of New Entrants
10.2.4 Degree Of Rivalry
10.2.5 Threat Of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Glass Packaging Materials and Its Impact on Cost of Recycled Materials
12 List of Major Suppliers of Glass Packaging Materials
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 O-I Glass, Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Silgen Plastics
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Crostar Tabletop S.A.S.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Verallia
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 PGP Glass
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
List of Figures and Tables
1. Latin America Glass Packaging Market: Key Industry Highlights, 2018 and 2028
2. Latin America Glass Packaging Historical Market: Breakup by Glass Type (USD Million), 2018-2022
3. Latin America Glass Packaging Market Forecast: Breakup by Glass Type (USD Million), 2023-2028
4. Latin America Glass Packaging Historical Market: Breakup by Product (USD Million), 2018-2022
5. Latin America Glass Packaging Market Forecast: Breakup by Product (USD Million), 2023-2028
6. Latin America Glass Packaging Historical Market: Breakup by Application (USD Million), 2018-2022
7. Latin America Glass Packaging Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Latin America Glass Packaging Historical Market: Breakup by Country (USD Million), 2018-2022
9. Latin America Glass Packaging Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Latin America Glass Packaging Market Structure
The market is projected to grow at a CAGR of 4.80% between 2023 and 2028.
The major drivers of the market include the introduction of innovative technologies, growing inclination towards lightweight glass, the recyclable nature of glass, high demand for beer, soft drinks, and ciders, and rise in disposable income of people.
The rise in demand for eco-friendly products and the surge in demand from the food and beverage industry are the key industry trends propelling the growth of the market.
Based on glass type, the market is segmented into borosilicate glass, de-alkalized soda lime glass, and soda-lime glass.
The Latin America glass packaging market is divided on the basis of product into bottles, and jars, among others.
Based on application, the market is segmented into alcoholic beverages, food and beverages, household and personal care, and pharmaceuticals.
The major countries in the glass packaging market in Latin America are Brazil, Mexico, Peru, Argentina, and Colombia, among others.
The major players in the industry are O-I Glass, Inc., Silgen Plastics, Crostar Tabletop S.A.S., Verallia, and PGP Glass, among others.
Even with the costs associated with recycling, glass is still a more environmentally friendly option than plastic. Recycling old glass products uses less energy than melting raw materials. Glass containers are good for recycling since they are rarely chemically altered.
Glass is the most stable packaging material because it is essentially inert and impermeable. Glass-packaged food and beverages are not at risk of contamination with toxic substances and there is no need for extra barriers or chemicals.
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