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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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
228 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.7% |
Market growth 2025-2029 |
USD 23366.6 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
5.4 |
Key countries |
US, China, India, Japan, UK, Germany, Canada, South Korea, France, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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.
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
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