Dublin, Sept. 15, 2023 (GLOBE NEWSWIRE) -- The "Global Glass Bottles Market Report and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global glass bottles market witnessed remarkable growth in 2022, with a reported value of approximately USD 38.6 billion.
This upward trajectory is attributed to the increasing demand for sustainable packaging solutions and the widespread utilization of glass bottles across various industries. A new market projection suggests that the glass bottles market is poised to grow at a Compound Annual Growth Rate (CAGR) of 5.92% between 2023 and 2028, eventually reaching a staggering value of USD 54.71 billion by 2028.
Glass bottles have gained widespread acclaim for their recyclability and non-toxic properties, making them a preferred choice in the packaging industry for beverages, food items, pharmaceuticals, and cosmetics. Beyond their eco-friendly credentials, glass bottles offer unique attributes such as chemical stability, impermeability, and sterility, which have led to their wide acceptance across sectors. Additionally, the aesthetic appeal of glass bottles contributes significantly to branding and marketing efforts.
The global movement towards sustainable and environmentally friendly packaging solutions is a driving force behind the growth of the glass bottles market. As consumers become increasingly aware of the detrimental effects of plastic pollution and the advantages of recyclability, there is a significant shift towards the use of glass bottles. Furthermore, health-conscious consumers are choosing glass packaging due to its chemical stability and inertness, which ensures the absence of harmful substances leaching into the product, thereby further boosting the demand for glass bottles.
The versatility of glass bottles and their applications across multiple industries is another pivotal factor propelling market expansion. The beverage industry relies heavily on glass bottles for their exceptional preservation properties, which maintain the taste and quality of beverages. The pharmaceutical sector prefers glass packaging for its sterility and chemical resistance, vital for storing sensitive drugs and vaccines. Simultaneously, the cosmetics and personal care industry leverages the aesthetic appeal of glass bottles to convey a sense of luxury and premium quality.
Moreover, the burgeoning demand for innovative and distinctive packaging in the food and beverage sector is driving exploration of glass bottle design possibilities, leading to increased demand in the glass bottles market. With a surge in craft breweries and artisanal food products, there is a corresponding need for packaging that aligns with the product's identity. Glass bottles, offering versatility in shape, color, and size, serve as a valuable solution, thus driving market expansion.
Government regulations favoring eco-friendly packaging solutions are also playing a pivotal role in stimulating the growth of the glass bottles market. Stricter rules against single-use plastics, coupled with incentives for recyclable packaging, are encouraging industries to adopt glass bottles. This trend is particularly prominent in regions with robust environmental protection regulations, such as Europe and North America.
Market Segmentation
The glass bottles market can be segmented based on various factors:
Capacity:
- Up to 50 ml
- 51 - 200 ml
- 201 - 500 ml
- 500 ml and Above
Manufacturing Process:
- Blown
- Tubing
Beverages:
- Alcoholic
- Non-Alcoholic
Application:
- Beverage
- Food
- Cosmetics
- Pharmaceutical
- Others
Filament Type:
- Moulded
- Tubular
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report provides comprehensive insights into the market shares, plant turnarounds, capacities, investments, acquisitions, and mergers of global glass bottles companies. Key players in the market include:
- Ardagh Group
- Toyo Seikan
- O-I Glass
- AptarGroup
- Vitro SAB
- Gerresheimer
- Heinz Glas
- Koa Glass
- Nihon Yamamura
- Owens-Illinois
For more information about this report visit https://www.researchandmarkets.com/r/dd8np1
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