Glass Bottles Market (By Filament Type: Moulded, Tubular; By Application: Beverage, Food, Cosmetics, Pharmaceutical, Other) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
The global glass bottle market size was US$ 57.3 Bn in 2018 and will reach US$ 82.1 Bn by 2026 with a CAGR of 4.7% over the forecast period 2019 to 2026.
Glass bottles tend to be a better packaging solution for food & beverage products as compared to other packaging materials. Glass bottles are environment friendly solutions that can also be reused in order to make other products.
Market Dynamics
Pharmaceutical industry is witnessing rapid changes on global level with the ongoing investment and R&D activities for drug discovery, approach towards generic medicines and adoption of better packaging solution is resulting in demand for glass bottles which is driving the growth of the global glass bottle market. Pharmaceutical manufacturers are inclining towards bottle glass for drug containment due to its major advantage to maintain steady temperature. Glass is able to hold liquid of solid at a steady temperature without absorbing flavor, odor, and color.
In addition flourishing food and beverage industry across the globe and increasing demand for flavored beverages are factors expected tom increase adoption of glass bottles from manufacturers further supporting the growth of global market. There is gradual increase in small and mid-size enterprises providing various flavored beverage products. According to Food Drink Europe in 2018 the number of food & beverage companies reached to 294,000 with an external trade of US$ 122 Bn export.
Moreover, rising environmental concern and increasing in recycling activities in developed and developing countries is expected to further support the growth of the global market. Food & beverage manufactures are focused on recycling the glass waste and reuse it for other packaging. In 2017 according to US EPA, in total 33.9% of glass containers were recycled out of which the bottles recovered for recycling from the beer and soft drink was 39.1% whereas 15.1% of food and other glass jars were recycled.
High spending capacity of consumers on food and beverage and gradual increase in dine-out activities is resulting in demand for products in glass bottles from restaurants, pubs, lounges, etc. is expected to support the growth of the target market. According to Glass Packaging Institute about 18% of beverages are consumed on premise, like a bar, restaurant, or hotel and glass makes up to about 80% of that container mix.
However, factor such as critical transportation due to breakage issues is hampering the growth of the global glass bottle market. In addition, availability of other packaging solutions is expected to challenge the growth of global market.
Product development activities by major manufacturers, coupled with development of glass bottles with high strength and light weight along with various size and shape are factors expected to create new opportunities for players over the forecast period. In addition, business development activities in order to increase the customer base are expected to further revenue support the market growth. In 2019, O-I Glass, Inc. adopted new holding company structure. The company expects to that the corporate modernization will improve the company’s operating efficiency and cost structure. The Corporate Modernization is intended to be a tax-free transaction for U.S. federal income tax purposes for the Company and its stockholders.
Glass Bottles Market Analysis, by Glass Bottles, 2019
The global glass bottle market is segmented into manufacturing process, application and region. The moulded segment is expected to account for significant revenue share in the global market. The application segment is bifurcated into beverage, food, cosmetics, pharmaceutical, and other.
Segment Analysis by Region
The market in North America is expected to account for major revenue share in the global market due to high demand for glass bottles from food & beverage manufacturers. In addition, introduction of innovative products from glass manufacturers with different size and shape is expected to further support the growth of the target market.
In addition, business development activities through strategic mergers and acquisitions are factors expected to further revenue support the regional growth.
Asia Pacific is expected to witness faster growth in the near future due to increasing presence of major food and & beverage manufactures and large pool of consumers that are food lovers.
Competitive Landscape
The competitive scenario is high due to presence of large number of players operating on global level and major players focus on tracking the untapped market.
Report coverage
|
Market |
Global Glass Bottles Market |
|
Analysis Period |
2015 – 2026 |
|
Base Year |
2019 |
|
Forecast Data |
2020 – 2026 |
|
Market Stratification |
Manufacturing Process, Application and Geography |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
The market research study on “Glass Bottles Market (Manufacturing Process: Moulded and Tubular; Application: Beverage, Food, Cosmetics, Pharmaceutical, and Other) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global glass bottles market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global glass bottles market, its manufacturing process segment, application segment, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global glass bottles market size and segment markets by filament type segment, adhesive type segment, end use segment, and geography along with the information on companies operating in the market. The glass bottles market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Central Glass Co., Ltd., Owens-Illinois, Inc., Consol Glass (Pty) Ltd., Frigo Glass Jebel Ali Fzco, Hng Float Glass Limited, Vidrala SA, Vitro SAB de CV, AGI Glasspack Limited, Ardagh Group SA, and BA Vidro, S.A.
Market Segmentation
Market By Filament Type
- Moulded
- Tubular
Market By Application
- Beverage
- Food
- Cosmetics
- Pharmaceutical
- Other
Market By Region
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Frequently Asked Questions
What is glass bottles term?
Glass bottles tend to be a better packaging solution for food & beverage products as compared to other packaging materials.
How much is the glass bottles market size?
Acumen Research and Consulting predict that, the global glass bottles market size will be US$ 82.1 Bn in 2026.
What will be the growth rate of glass bottles market during the forecast period 2019 to 2026?
The global glass bottles market is expected to grow at a CAGR of 4.7% over the forecast period 2019-2026.
What was the market size of the global glass bottle market in 2018?
In 2018 the global glass bottle market was US$ 57.3 Bn.
What are the growth drivers of the global glass bottle market?
Pharmaceutical industry is witnessing rapid changes on global level with the ongoing investment and R&D activities for drug discovery, approach towards generic medicines and adoption of better packaging solution is resulting in demand for glass bottles which is driving the growth of the global glass bottle market.
Which region is expected to account for major revenue share in the global market?
The market in North America is expected to account for major revenue share in the global market due to high demand for glass bottles from food & beverage manufacturers.
Which filament type segment account significant revenue share?
The moulded segment is expected to account for significant revenue share in the global market.
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