Market Overview

The glass bottles and containers market was valued at USD 64.6?billion in 2019, and it is expected to reach a value of USD 79.36 billion by 2025, at a CAGR of 4.20% over the forecast period 2020-2025. Europe?alone accounted for 55 billion glass packaging containers in 2018, with Corning Illinois and Vidrala holding major market shares. During this period Verdilla manufactured 8.3 billion units, Verallia produced nearly 16 billion glass bottles and jars, Vetropack 5 billion, Enric about 2.5 billion units and?Ardagh Group almost 12 billion units.

  • Furthermore, the increasing demand for non-toxic, healthy, and expediency food and beverages coupled with principal evolution in the alcoholic beverages and beer industry years, has provided the opportunity for the growth of the glass bottle packaging market
  • Moreover, unlike other container, glass bottles continue to be identified for their characteristic advantage in terms of hygiene, aesthetic appeal, durability and the capability to preserve the aroma, strength, and flavor of the product, making them the most favorable option for packaging.
  • However, factors like material substitution, breakage might hinder the growth prospects of glass containers during the forecast period.



Scope of the Report

Glass bottles provide an ideal way to keep the consumables safe, fresh, and healthy for a longer period, as well as they are easy to transport. Moreover, being diffusion-resistant, glass bottles have also been viewed as vital containers for storing volatile compounds, highly-reactive detergents, and bleaching agents. Such products are predominantly used by consumers in the form of pharmaceuticals, domestic surfactants, and cosmetic goods. Geographically, Europe is the largest market for glass bottles and containers in the world, because of its world-famous Wine industry.

Key Market Trends

Wine Industry Offers Potential Growth

  • Wine consumption among consumers is driven by the health and wellness trend. Modern-day consumers are aware of the origin and production methods of wine, thus increasingly favoring organic wines as a symbol of higher quality. Thus, the packaging of organic wines requires glass bottles because the glass containers help in the aging of wine, which improves the quality of the wine.
  • According to the United Nations of Fine Wines, Veganism is one of the fastest-growing wine trends and is also expected to be reflected in wine production, leading to more vegan-friendly wines, which will require the glass bottles because of zero rates of chemical reactions ensuring that the wine inside a glass bottle has its aroma, and flavor intact.



Asia- Pacific to Execute a Significant Growth Rate

  • The Asia-Pacific region is expected to register a significant growth rate compared to other nations owing to an increase in demand for pharmaceutical and chemical industries, which prefers glass packaging because of the inert nature of glass bottles. China, India, Japan, and Australia among others are the prominent nations majorly contributing to the growth of the Asia Pacific glass packaging market.
  • Further, the phenomenal evolution in the food and beverage industry of these nations is also creating an opportunity for the glass bottle and container market. For example, the Indian food and processing industry is expected to grow because of the initiative such as "Make in India". This is supported by the availability of a large raw material production base like milk, bananas, mangoes, etc. Therefore, to keep the processed food fresh, the glass container is widely used because of its less reactive nature, which in return will create a market for glass bottles and containers market.
  • Moreover, due to environmental concern regarding ’maritime littering’, governments are imposing a ban on plastics. This movement is creating a positive outlook on the glass container and packaging market. For instance, in March 2018, the government of the Indian state Maharashtra has extended the state’s plastic ban to the sale and manufacture of (PET) bottles holding less than 0.5 liters.



Competitive Landscape

The glass bottles and containers market is highly competitive and fragmented in nature. Few of the major companies in this market are Owens-Illinois Inc., Hindustan National Glass & Industries Ltd, Vitro, S.A.B. De CV, Amcor Ltd, etc. The manufacturers of glass bottles and containers are anticipated to adopt new bottle designs and innovative manufacturing process.

  • July 2019 - Owens-Illinois, acquired Nueva F?brica Nacional de Vidrio, S. de R.L. de C.V. from Grupo Modelo, a wholly-owned affiliate of Anheuser-Busch InBev SA/NV (Euronext: ABI) in a transaction valued at approximately USD188 million.
  • April 2019 - Schott planned to invest USD 1 billion in its pharmaceutical packaging business until 2025. The German glassmaker is looking forward to build production sites, develop lines and manufacture technology as part of its investment plan around the world.



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