NEW YORK , Oct. 13, 2022 /PRNewswire/ -- The "Glass Packaging Market by End-user (Food and Beverage Packaging, Personal Care Packaging, Pharmaceutical Packaging, and Others) and Geography (APAC, Europe , North America , South America , and the Middle East and Africa ) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the glass packaging market size between 2021 and 2026 is USD 13 .88 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report
Market Driver: The increasing demand for pharmaceutical packaging is driving the market growth. The aging population, growing incidence of chronic illnesses, and the rising demand for drugs have increased the need for sterile medical packaging from the pharmaceutical and biological industries. Glass packaging protects against microorganisms. Hence, it is ideal for packaging medical products and supplies. The increasing demand for contamination-free medical products and the growing efforts by manufacturers and regulatory authorities will further support the demand for sterile medical packaging products.
Market Challenge: Fluctuations in raw material prices are challenging the growth of the market. The price of soda ash has been growing continuously since January 2018 . Hence, container manufacturers increase the price of the end products. This may discourage end-users from buying products, which, in turn, can reduce the sales volume and negatively impact the growth of the market. Fluctuations in raw material prices are also providing opportunities for substitutes such as aluminum, bioplastics, and PET. Thus, the use of substitutes and high prices of raw materials can pose a threat to the global market during the forecast period.
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APAC will be the leading region with 45% of the market's growth during the forecast period. This growth is attributed to factors such as the rising gross domestic product (GDP), economic growth in the region, and the increasing popularity and acceptance of various alcoholic and non-alcoholic beverages such as packed fruit juices, beer, and smoothies. China and India are the key countries for the glass packaging market in the region. Moreover, market growth in this region will be faster than the growth of the market in other regions. The retail and manufacturing sectors are growing in countries such as China , India , Japan , South Korea , Australia , and Indonesia . In the retail sector, aesthetic appeal in the packaging of products leads to successful promotional campaigns. This is creating a high demand for glass packaging with attractive graphics for products in retail stores.
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HEINZ GLAS GmbH and Co. KGaA
Hindusthan National Glass and Industries Ltd.
Nihon Yamamura Glass Co. Ltd.
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Glass Substrate Market by End-User and Geography - Forecast and Analysis 2022-2026: The glass substrate market share is expected to increase by USD 616.14 million from 2021 to 2026.
Beverage Packaging Market in Europe by Material and Location - Forecast and Analysis 2022-2026: The beverage packaging market share in Europe is expected to increase by USD 10.10 billion from 2021 to 2026.
Accelerate at a CAGR of 3.99%
APAC, Europe, North America, South America, and Middle East and Africa
US, Canada, China, India, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
Amcor Plc, Ardagh Group SA, BA Glass BV, Beatson Clark Ltd., Berlin Packaging LLC, Bormioli Rocco Spa, Gerresheimer AG, HEINZ GLAS GmbH and Co. KGaA, Hindusthan National Glass and Industries Ltd., Nihon Yamamura Glass Co. Ltd., O I Glass Inc., PGP Glass Pvt. Ltd., SCHOTT AG, Sonoco Products Co., Stolzle Oberglas GmbH, The Cary Co., The Saint Gobain Group, Verallia SAS, Vetropack Holding Ltd., and Vidrala SA
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Materials Market Reports
3.4 Market outlook: Forecast for 2021-2026
5.3 Food and beverage - Market size and forecast 2021-2026
5.4 Personal care - Market size and forecast 2021-2026
5.5 Pharmaceutical - Market size and forecast 2021-2026
5.6 Others - Market size and forecast 2021-2026
7.3 APAC - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 North America - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 China - Market size and forecast 2021-2026
7.9 US - Market size and forecast 2021-2026
7.10 Germany - Market size and forecast 2021-2026
7.11 India - Market size and forecast 2021-2026
7.12 UK - Market size and forecast 2021-2026
7.13 Canada - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
10.7 Nihon Yamamura Glass Co. Ltd.
11.3 Currency conversion rates for US$
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