Glass Packaging Market Share, Size, Competitive Dynamics and Global Outlook 2022

Competitive Analysis

Vidrala S.A.

Nihon Yamamura Glass Co., Ltd.

Vitro

Heinz Glas GmbH & Co. KGAA

Zignago Vetro S.P.A.

Verescence

Luigi Bormioli Corporation

Owens-Illinois Inc.

Vetrobalsamo Spa

Allied Glass Containers Ltd, and others.

Segmental Analysis

The Glass Packaging globally is segmented on the basis of applications, product, and region. The product-based segmentation of the market consists of premium glass quality, standard glass quality, and super premium glass quality. By Product, the premium quality glass controlled the Glass Packaging Market Share, in 2017 with a share of 38.2 percent. The market is expected to increase at a CAGR of 3.36 percent during the forecast period. By applications, the market is segmented into beverage packaging, food packaging, personal care packaging, pharmaceuticals packaging, and others. The beverage packaging is controlling the Glass Packaging Market Share, and is also estimated to develop with a rapidly growing CAGR in the forecast period.

Detailed Regional Analysis

The regional analysis of the glass packaging industry covers regions such as Europe, Americas, Asia Pacific, Middle East and Africa. The Asia Pacific had been controlling the Glass Packaging Market Share, in 2017 with 34.3 percent share and is estimated to be the most rapidly increasing market through the forecast period. The increasing consumption of alcoholic beverage motivates the market in the region. Moreover, improved disposable income levels among individuals, fluctuating preferences, and lifestyles of consumers, also has had an encouraging effect on the development of the market. India, China, Japan, and South Korea are the important contributors in the market. China is the leading country for the market in the region. Therefore, the region is projected to observe the top CAGR of 3.60 percent and maintain its foremost position in the market through the forecast period. The Americas region is a significant market for glass packaging. The region has observed amplified investment in R&D and product innovation as far as packaging is concerned. Also, the strict food safety policies in countries like Canada and U.S. increased consumption of beverages, and the elevated growth rates in the pharmaceutical sector are the factors motivating the demand for glass packaging in the region.

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