Introduction
Welcome to the comprehensive guide on the Europe and Middle East and Africa Retail Glass Packaging Market. As sustainability and eco-friendliness gain prominence, glass packaging has emerged as a preferred choice for the retail industry. This article delves into the various aspects of the market, covering key trends, drivers, challenges, and opportunities that shape its landscape.
Understanding the Europe and Middle East and Africa Retail Glass Packaging Market
The Europe and Middle East and Africa Retail Glass Packaging Market is witnessing steady growth due to several factors like increasing consumer awareness about sustainable packaging, a surge in e-commerce, and the rising demand for premium packaging solutions.
The retail glass packaging market in the Middle East and Africa is poised for consistent growth with a projected CAGR of 6.2% by 2032, boosting its revenue share from US$ 1.8 billion in 2022 to a substantial US$ 3.2 billion.
Expect remarkable expansion in the Europe retail glass packaging market with a predicted CAGR of 4.1% by 2032, as the market’s revenue share is set to increase from US$ 7.8 billion in 2022 to an impressive US$ 11.6 billion.
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Recent Developments
- The Coca-Cola Europacific Partners (CCEP) brands Fuze Tea, Tropico, Sprite, Fanta, and Minute Maid are marketed in France starting in May 2022.
- They are in a universal 250ml bottle that can be returned, cleaned, and refilled for use in lodging establishments, eateries, and cafes.
- Along with the other brands, Coca-Cola Original, Coca-Cola Zero, and Coca-Cola Cherry are now offered in 350ml returnable glass bottles.
- The product portfolio of PepsiCo offers a variety of delectable foods and beverages, including several legendary brands with projected annual retail sales of more than $1 billion each.
Key players
- O-I Glass, Inc.
- Ardagh Group SA
- Gerresheimer AG
- Schott AG
- Bormioli Rocco S.p.A.
- Vetropack Holding AG
- Vidrala SA
- Vitro Packaging, LLC
- Wiegand-Glas GmbH
- Heinz-Glas GmbH & Co. KGaA.
- Stölzle-Oberglas GmbH
- SGD Pharma
- MEG
- Saverglass SAS
- Verallia SA
- Saudi Arabian Glass Co. Ltd
Factors Driving the Demand for Glass Packaging in the Region
The growing environmental concerns, coupled with the inclination of consumers towards eco-friendly choices, have significantly boosted the demand for glass packaging in the retail sector. Some of the key drivers behind this trend are:
- Increasing Awareness of Environmental Sustainability: Consumers are becoming more conscious of their environmental impact, leading to a preference for sustainable packaging materials like glass.
- Premium Aesthetics and Brand Image: Glass packaging adds a touch of sophistication and elegance to products, enhancing their perceived value and brand image.
- Recyclability and Reusability: Glass is a fully recyclable material, promoting circular economy principles and reducing waste.
- Product Protection: Glass provides excellent protection against light, air, and contaminants, preserving product freshness and quality.
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Key Segments
By Packaging Formats:
- Bottles
- Jars
- Vials
- Ampoules
- Syringes
- Cartridges
- Others
By Grade:
- Type I
- Type II
- Type III
- Type IV
By Capacity:
- Up to 50 ml
- 51 to 250 ml
- 251 to 750 ml
- Above 750 ml
By End Use:
- Food
- Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
- Other Industrial
Challenges Faced by the Market
While the Europe and Middle East and Africa Retail Glass Packaging Market is flourishing, it also faces some challenges that can impact its growth:
- Cost Considerations: Glass packaging can be relatively expensive compared to other materials, affecting budget-conscious manufacturers.
- Fragility: Glass is inherently fragile, making it susceptible to breakage during transportation and handling.
- Weight and Logistics: The weight of glass packaging can add to transportation costs and carbon emissions.
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About Future Market Insights, Inc.
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