The global glass liquor bottles market was worth US$ 4 Billion in the year 2022 and is expected to reach US$ 6 Billion by the year 2032 at a CAGR of 4-5% between 2022 and 2032.
Glass liquor bottles make way for more luster in comparison with the other packaging materials like metal and plastic, thereby providing an appealing look to retail shelves. Glass liquor bottles of different types do offer unique, antique-style, classy, and high-end ornamental industrial standards to the liquors. Distilled spirits and alcoholic beverages are going for adoption of glass liquor bottles for efficient packaging as they end up having a better consumer appeal.
The last few years have seen product design and packaging material gaining importance across nearly all the consumer-centric verticals, with beverage vertical in particular. It is a forgone inference that glass bottles do enhance the beverage’s overall look apart from addition of richness and provision of protection from the external factors.
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The consumers are also seen shifting to glass from plastics-based packaging due to biodegradability and recyclability. As per the Pan American Health Organization, close to 155 Million adults all across the US do consume alcohol at periodic intervals. The other aspect of the study is that yearly per capita alcohol consumption amongst those aged 15 and above was 8 liters in the year 2020 alone.
At the same time, the fact that several awareness campaigns are being organized regarding the health adversities caused by consumption of alcohol like dementia, stroke, fibrosis, liver diseases, and alcoholic hepatitis can’t be ignored. Plus, glass bottles are subject to breakage at the time of transit and are also prone to damage due to sunlight. There are also low-cost substitutes like plastics, metal, and various others, which could restrain the glass liquor bottles market in the near future.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Glass Liquor Bottles Market’. It has its team of analysts and consultants to execute using a bottom-up approach across the macros and micros.
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“With premiumization at its peak, the global glass liquor bottles market is likely to grow on a stupendous note in the forecast period”, says an analyst from Future Market Insights.
Market Competition-
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.
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Key Takeaways from Glass Liquor Bottles Market
- North America holds a significant market share due to rising demand for clear glass liquor bottles with ability of highlighting premium spirits like vodka, rum, or the other distilled liquors. The new designs consist of long neck, sleek stature, and likewise.
- The Asia-Pacific is expected to witness growth at a rapid pace in the glass liquor bottles market in the forecast period. This could be credited to excessive demand for liquor in leisure activities, weddings, anniversaries, birthdays, and other means of partying out.
- Europe is expected to witness steadiness in the glass liquor bottles market going forward along the similar lines as that of North America.
Competitive Landscape
- Ardagh is known for producing glass packaging in every shape and size. It has as many as 17 colors to offer. Glass renders protection to contents.
- Onyx comes across as the latest Saverglass color, especially for similarity with classic black stone (a natural, rarely occurring material used by ancient Romans for various decorative items).
- Crystal Head Vodka, in 2020, announced tabling a new-fangled edition 750 ml human skull-shaped vodka – ‘Prode Bottle’ with rainbow-hued glass.
What does the Report state?
- The research study is based on glass type (clear glass, cosmetic flint glass, flint glass, and super flint glass), by capacity (up to 180 ml, 180 – 500 ml, 500 – 750 ml, and 750 ml and above), by application (beer, spirits, ciders, wine, whiskeys, and likewise).
- With expansion of liquor vertical coupled with adopting premium packaging solutions, the global glass liquor bottles market is likely to grow on an adequate count in the near future.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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