Glass Bottles and Containers Market size to grow by USD 14.51 billion from 2022 to 2027

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26 Jul, 2023, 00:15 ET

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NEW YORK, July 26, 2023 /PRNewswire/ -- The glass bottles and containers market size is estimated to grow at a CAGR of 4.07% between 2022 and 2027. The market size is forecast to increase by USD 14.51 billion, according to Technavio. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Glass Bottles and Containers Market – Vendor AnalysisVendor Landscape - The glass bottles and containers market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer glass bottles and containers in the market are Ajanta Bottle Pvt. Ltd., Ardagh Group SA, BA Glass BV, Beatson Clark, Crestani s.r.l., GAASCH PACKAGING NV SA, Gerresheimer AG, Glassworks International, Middle East Glass Manufacturing Co. S.A.E., O I Glass Inc., Piramal Enterprises Ltd., Saverglass SAS, SGD Pharma, Stoelzle Oberglas GmbH, Verallia SA, Verescence France, Vetropack Holding Ltd., Vidrala SA, Vitro SAB De CV, and Wiegand Glas Holding GmbH and others.

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Glass Bottles and Containers Market - Segmentation AssessmentSegment OverviewTechnavio has segmented the market based on type (transparent glass and opaque glass), end-user (beverage packaging, cosmetics and perfumes, pharmaceuticals, food packaging, and others)

Geography OverviewBy geography, the global glass bottles and containers market is segmented into North America, APAC, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global glass bottles and containers market.

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Glass Bottles and Containers Market – Market Dynamics

Key Drivers

The demand for sustainable packaging options is a key factor driving market growth. Consumers are seeking products packaged in sustainable materials. Companies can satisfy consumer demand for eco-friendly packaging by adopting glass bottles and containers, which can improve their brand's reputation and image. Since they are developed from natural elements like sand, soda ash, and limestone, glass bottles and containers are quite sustainable. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

Product premiumization is a major trend in the market. Premium and high-end goods like fine spirits, wine, gourmet foods, and cosmetics are often found in glass bottles and containers. Glass bottles and containers are an environmentally favorable option due to rising consumer awareness and demand for sustainable packaging. Glass may be reused numerous times without losing its quality and is extremely recyclable. Hence, product premiumization is expected to drive market growth during the forecast period.

Significant Challenges

Fragility and transportation concerns are significant challenges restricting market growth. Due to their fragility, glass bottles and containers must be handled with great care and packaged securely for shipping. For long-distance shipping or e-commerce distribution, this might raise logistics costs and provide difficulties in guaranteeing product integrity. In order to minimize movement and lower the chance of breaking, each container should be properly wrapped or cushioned. Hence, these factors are expected to drive market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

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Glass Bottles and Containers Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.07%

Market growth 2023-2027

USD 14.51 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.65

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 42%

Key countries

US, China, India, UK, Germany, and Canada

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ajanta Bottle Pvt. Ltd., Ardagh Group SA, BA Glass BV, Beatson Clark, Crestani s.r.l., GAASCH PACKAGING NV SA, Gerresheimer AG, Glassworks International, Middle East Glass Manufacturing Co. S.A.E., O I Glass Inc., Piramal Enterprises Ltd., Saverglass SAS, SGD Pharma, Stoelzle Oberglas GmbH, Verallia SA, Verescence France, Vetropack Holding Ltd., Vidrala SA, Vitro SAB De CV, and Wiegand Glas Holding GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio