Latest News- Glass Packaging Market: Soda lime glass is expected to lead the Type segment during 2025-2029

The Glass Packaging Market is being driven by Increasing demand for glass packaging due to sustainability concerns

The Glass Packaging Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 23366.6 million. To meet the escalating global demand for glass packaging solutions, companies are making significant investments in expanding their production capacity and developing innovative products. Notably, O-I Glass Inc. allocated USD 102.6 million towards enhancing two of its French facilities, while Verallia SA announced a USD 151 million investment in Brazil to double manufacturing capacity and enhance sustainability initiatives. These strategic moves position these companies to effectively cater to the increasing customer demand for glass packaging across diverse markets worldwide. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Soda lime glass
  • Borosilicate glass
  • De-alkalized soda lime glass
• End-user
  • Food and beverage
  • Personal care
  • Pharmaceutical
  • Others
• Product
  • Bottles
  • Jars and containers
  • Vials
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for glass packaging due to sustainability concerns
• Introduction of lightweight glass bottles
• Increasing number of companies offering returnable glass bottles

However, the market also witnesses some limitations, which are as follows:

• Rising demand for PET and fiber packaging
• Fluctuations in raw material prices of glass packaging
• Logistics issues associated with glass containers

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Market Scope in Glass Packaging Market Research Report

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Research Analysis Overview

The Glass Packaging Market encompasses various techniques such as glass-to-metal sealing and glass-to-plastic bonding, as well as processes like glass annealing, tempering, lamination, coating, decoration, printing, labeling, recycling, waste management, recovery, re-use, and repurposing. Quality control measures include annealing, tempering, inspection, and certification. Technological advancements include glass packaging lines, equipment, automation, efficiency, cost reduction, sustainability, legislation, regulations, and certification. Safety standards are crucial for glass packaging, focusing on breakage prevention and ensuring regulatory compliance.

Market Research Overview

The glass packaging market encompasses a diverse range of products, including glass containers, bottles, jars, vials, ampoules, tubes, and closures. This market segment is characterized by a fragmented supply chain, which involves various stakeholders from raw material procurement to distribution. Suppliers play a crucial role in this ecosystem, providing raw materials such as borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass container production. Similarly, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene, and polyvinyl chloride (PVC) are essential raw materials for plastic container manufacturing. The supply chain also includes research and development entities, large-scale manufacturers, and distribution channels that cater to diverse end-user industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/