The global glass liquor bottles market is estimated to create an incremental opportunity of more than US$ 6 Bn by the end of 2032. The sales of glass liquor bottles are expected to total US$ 4 Bn by 2022, exhibiting growth at a CAGR of 4% to 5% during the forecast period 2022-2032. The rapidly expanding liquor industry and increasing adoption of premium packaging solutions, owing to the surging trend of premiumization across the industry is projected to boost the demand for glass liquor bottles in the global market.
By producing more waste, the rising use of plastic is raising the pollution level. As a result, governments around the world are putting tough regulations in place to outlaw the use of plastic. Due to these rules, consumers are gravitating more and more towards cutlery made of wood and bioplastic.
The market is probably going to grow faster because there are more quick-service restaurants like KFC and McDonald’s all over the world. The market is expected to develop as a result of this cutlery’s grab-and-go functionality and comparatively inexpensive price.
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Glass liquor bottles provide more luster as compared to other packaging materials such as plastic and metal, thus, offering an eye-catching look on the retail shelves that draws the attention of the customers. Different varieties of glass liquor bottles offer antique style, unique, high-end ornamental, and classy industrial standards to liquors. Alcoholic beverages and other distilled spirits are increasingly adopting glass liquor bottles for packaging, owing to their ability to increase consumer appeal.
In recent years, product packaging material and design have gained huge importance across all consumer-centric industries, especially the beverage industry. As the use of glass bottles enhances the overall look of the beverage along with addition adding richness and providing protection from external factors, these packaging solutions are finding a wide range of users across the alcoholic beverage sector.
Which are Some Prominent Drivers Spearheading Glass Liquor Bottles Market Growth?
Rising shift of customer preference from plastics-based packaging and increasing inclination towards adopting sustainable packaging materials across the beverage industry is propelling the demand for glass bottles, owing to their recyclability and bio-degradability.
Also, with increasing disposable income and growing customer spending on leisure activities, a significant rise in the alcohol-consuming population and sales of alcoholic beverages such as beer, wine, whiskey, rum, and other distilled liquor is being witnessed across the globe. This is creating strong demand for glass bottle packaging.
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What are the Challenges Faced by the Glass Liquor Bottles Market?
Increasing awareness regarding adverse effects of alcohol consumption such as stroke, cancer, dementia, liver diseases, fibrosis, and alcoholic hepatitis among others has resulted in declining the consumption of alcoholic beverages, which is in turn, hindering the sales in the market.
In addition to this, extravagant cost of glass bottles, high risk of breakage during transit, prone to sunlight, and availability of low-cost substitutes such as metal, plastics, and others are anticipated to hamper the demand for glass liquor bottles in the market.
Some of the leading players in the global glass liquor bottles market are Ardagh Group, SKS Botlle & Packaging, Inc., The Cary Company, Arglass, Owens-Illinois, Saverglass, United Bottles & Packaging, Saxco International, Hiking Glass, Rockwood & Hines Group.
Prominent manufacturers in the global market are focusing at launching glass bottles with innovative designs to gain edge in the highly competitive market.
Key Segments Profiled in the Glass Liquor Bottles Market Survey
By Glass Type:
- Clear Glass
- Cosmetic Flint Glass
- Flint Glass
- Super Flint Glass
By Capacity:
- Up to 180 ml
- 180 ml – 500 ml
- 500 ml – 750 ml
- 750 ml and Above
By Application:
- Beer
- Spirits
- Ciders
- Wine
- Whiskeys
- Others
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