Dublin, Aug. 23, 2024 (GLOBE NEWSWIRE) -- The "Glass Packaging - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Glass Packaging is estimated at US$60.0 Billion in 2023 and is projected to reach US$86.3 Billion by 2030, growing at a CAGR of 5.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Health and safety considerations are also driving the growth of the glass packaging market. Consumers are increasingly aware of the potential health risks associated with plastic packaging, such as chemical leaching and contamination. Glass packaging, being chemically inert, does not interact with the contents, ensuring the purity and safety of food and beverages.
This attribute makes it particularly popular in the pharmaceutical industry, where maintaining the integrity of medical products is crucial. As sustainability becomes increasingly important, technology has also focused on improving the recyclability of glass. Innovations in sorting and processing recycled glass have made it more efficient and cost-effective, encouraging higher recycling rates. Furthermore, furnace technologies have become more energy-efficient, reducing the carbon footprint associated with glass production
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Alcoholic Beverages (Excluding Beer) Application segment, which is expected to reach US$38.7 Billion by 2030 with a CAGR of a 6.1%. The Beer Application segment is also set to grow at 5.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $15.8 Billion in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $19.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amocor Limited, Ardagh Group SA, Bormioli Rocco Srl, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Glass Packaging Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 203 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $60 Billion |
| Forecasted Market Value (USD) by 2030 | $86.3 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Glass Packaging - Global Key Competitors Percentage Market Share in 2024 (E)
- Global Economic Update
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for Sustainable and Eco-Friendly Packaging Solutions
- Growth of the Food and Beverage Industry
- Advancements in Glass Manufacturing Technologies
- Expansion of Glass Packaging in Pharmaceutical and Healthcare Sector
- Development of Lightweight and High-Strength Glass Containers
- Consumer Preferences for Non-Toxic and Chemical-Free Packaging
- Role of Glass Packaging in Enhancing Product Shelf Life and Quality
- Influence of Technological Innovations on Packaging Design and Printing
- Growth of Glass Packaging in Personal Care and Cosmetic Products
FOCUS ON SELECT PLAYERS(Total 97 Featured)
- Amocor Limited
- Ardagh Group SA
- Bormioli Rocco Srl
- Consol Glass Pty., Ltd.
- Gerresheimer AG
- Heinz-Glas Group Holding HGGH GmbH & Co. KGaA
- Hindusthan National Glass & Industries Ltd.
- Koa Glass Co., Ltd.
- Nihon Yamamura Glass Co., Ltd
- O-I (Owens-Illinois, Inc.)
- Piramal Glass Ltd.
- Stolzle-Oberglas GmbH
- Verallia Group
- Vetropack Holding Ltd.
- Vidrala SA
- Vitro S.A.B. de C.V.
- Wiegand-Glas GmbH
For more information about this report visit https://www.researchandmarkets.com/r/iehym9
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