According to FMI Research, the market for glass bottles will be worth $40.2 billion worldwide in 2023. The market for glass bottles is expected to grow at a CAGR of 5.7% over the five years leading up to 2033, reaching US$ 70.2 Bn due to the ever-increasing surge in prepared and packaged food sales through e-commerce platforms.
Several alcoholic beverages, especially beer, are regarded to be the principal market driver since glass bottles were initially commercialised. Also, the demand for glass bottles for online delivery is increasing daily due to the fact that glass is non-reactive to the majority of chemicals contained in food products.
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Competitive Landscape for the Glass Bottles Market Players
Major manufacturers of glass bottles that contribute significantly to the global market are Owen Illinois, Inc., Ardagh Group, SA, Vitro, S. A. B. de C. V., Vidrala, S.A, BA Glass B.V., AGI Glasspack Limited., Frigoglass Jebel Ali FZCO, Consol Glass (Pty) Ltd., Toyo Glass Co., Ltd., Gerresheimer AG, Vetropack Holding AG, Borosil Glass Works Ltd., Carib Glassworks Limited (CGL), Piramal Glass Private Limited, Albéa S.A., Verallia SA, Stölzle-Oberglas GmbH, Gallo Glass Company, Allied Glass Containers Ltd, and SGA S.A. among others.
Numerous businesses, particularly producers of dairy goods, have boosted the need for transparent glass containers in order to take advantage of the emerging trend of transparent packaging for food products. However, fierce competition from numerous alternative packaging materials, including plastic and aluminium, is impeding the market’s growth. The market is expected to rebound in the following days, nevertheless, as a result of stricter regulations for limiting the use of plastic items and the rising price of aluminium.
Key Takeaways from the Glass Bottles Market
- The US is the dominating market which contributes around 30% of the revenue generated by the sales of glass bottles in the international market. By the end of this forecast period, the net worth of this regional market is poised to reach 12.5 Bn.
- China is second in the top order for the regional glass bottles market. As per the report, it contributes to nearly 10% of the global market and is projected to reach up to US$ 4.7 Bn by 2033.
- In Europe, the UK glass bottles market is the leading region and is predicted to reach a valuation of US4 2.6 Bn by the end of this forecast period.
- Among the different grades of glass bottle types, Type I is the highest-selling segment. On the other hand, the Type III glass bottles segment is gaining traction rapidly and is poised to grow at a rate of 5.4% over the next ten years.
- As per the industry survey report, the tubing manufacturing process is the major segment for the production of glass bottles. It is also predicted to remain at the top position by registering a CAGR of 4.2% over the forecast years.
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Transforming customer needs in the different types of consumable goods market, including food 7 beverages, cosmetics, gift items, and others has compelled manufacturers to expand their business strategies for any new demand in the market. Glass bottles market key players are also working on expanding their product range with new designs and styles for standard and branded products in order to fulfill the needs of individual brands.
Glass Bottles Market by Category
By Grade:
- Type I
- Type II
- Type III
By Manufacturing Process:
- Blown
- Tubing
By Capacity:
- Up to 50 ml
- 51 – 200 ml
- 201 – 500 ml
- 501 – 1000 ml
- 1001 ml & Above
By End User:
- Food
- Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Perfume & Fragrances
- Chemicals
- Others
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