Glass Container Market: Growing Demand in the Beer and Alcohol Packaging Industry Anticipated to Drive Glass Container Market Revenue: Global Industry Analysis and Opportunity Assessment, 2016-2026
- REP-GB-935
- 2017-03-07
- 215 Pages
- Format:
- Category: Chemicals & Materials
Beverage packaging segment likely to dominate the global glass container market during the projected period
In terms of value and volume, the beverage packaging segment is likely to witness significant demand in the global glass container market. The global wine packaging market is forecast to reach more than US$ 20 Bn approximately by 2020 end, which shows significant demand for glass containers for wine packaging. The segment is estimated to create an incremental $ opportunity of more than US$ 1,000 Mn over the forecast period. A majority of glass container manufacturers rely on a process referred to as narrow neck press and blow to manufacture beer bottles. This process is best recommended for producing containers having narrow finish diameters. The aforementioned process is being increasingly adopted by manufacturers as it allows them to play with the weight and thickness distribution of beer and beverage containers. The process also enhances the overall efficiency. In terms of market share, the beverage packaging segment is estimated to show significant growth in the global glass container market, expanding at a CAGR of 4.2% over the forecast period.
Beverage packaging segment is witnessing significant gain in market share owing to the aesthetic appearance in packaging
The global glass container market is greatly influenced by the alcoholic beverages industry as a majority of manufacturers market alcoholic drinks packed in glass bottles. Alcoholic beverage is a large application segment of glass containers, accounting for a high market share in terms of volume as compared to other end-use applications. The beverage packaging segment is witnessing significant gain in market share owing to the aesthetic appearance that can be achieved through the use of glass in container manufacturing and also its transparent nature, which allows the manufacturer to showcase the premium quality of the product inside. Glass, being a versatile material in container manufacturing, preserves the original taste of the drink inside without altering its taste or quality. Glass containers are available in the market in a variety of colours, shapes and sizes according to the prevailing demand.
The growth of the beverage packaging segment is expected to rise further due to rising demand from consumers for pure, green and sustainable packaging for beverages. Glass remains chemically inert and pure on contact with many substances; this amazing property makes it safe for use in beverages packaging. Glass containers never deteriorate, fade, or stain the product inside, in fact, the product remains safe for longer durations. Owing to these characteristics, glass containers are preferred alternatives to plastic and metal containers for sustainable packaging.
Beverages packaging segment is expected to be the most attractive end-use segment by the end of the forecast period in the APAC glass container market
The beverage packaging segment is forecast to witness an above average growth rate in terms of value and is likely to maintain its dominance throughout the forecast period in North America. By end-use industry, the beverage packaging segment was estimated to account for a market value share of close to 70% by 2016 end in the North America region and is expected to gain around 100 basis points by 2026 as compared to 2016. In Latin America, the beverage packaging segment was estimated to account for a market value share of more than 60% by 2016 end and is expected to gain more than 100 basis points by 2026 as compared to that in 2016. In Europe, the beverage packaging segment is predicted to witness an above average growth rate and is expected to gain more than 25 basis points by 2026 as compared to that in 2016. The beverage packaging segment is projected to be the most attractive end-use segment by the end of the forecast period in the APAC glass container market. The segment is expected to be an attractive segment in terms of CAGR and market share by 2026 in the APAC regional market.
A newly published Future Market Insights report titled “Glass Container Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” mainly covers three elements namely optimistic scenario, likely scenario and conservative scenario while examining the global glass container market. Our expert team have analysed the global glass container market for a projected period of 10 years and have come to a conclusion that development of innovative and lightweight glass container products are emerging as a key trend in the global glass container market. The report identifies the drivers and restraints affecting the growth of the global glass container market. Changing trends are also analysed and incorporated in the report to equip clients with exhaustive information about the market resulting in better decision making. Macroeconomic factors that directly and indirectly affect the growth of the global glass container market are also incorporated in the report. While inspecting this market, we have observed that demand for glass containers in the Asia Pacific region is expected to increase at a sustainable growth rate over the forecast period. Our analysts have considered the overall market approach and have found that end users are inclined towards the use of innovative designs of glass containers in order to make their product more attractive in terms of visual feel.
Our report also focusses on the global glass container market value chain analysis and a study of the relative market position over the next decade. The report covers the important factors driving the growth of the global glass container market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the global glass container market and other insights across various market segments.
Comprehensive profiles of manufacturers are included within the scope of the report to evaluate their business strategies
This report studies the global glass container market based on various type of glass containers and also focusses on the new technological developments as well as product offerings in the global glass container market. The market is segmented on the basis of application and colour. The regional section of the report highlights country-wise glass container demand. Yearly change in inflation rate has not been considered while forecasting the market numbers; however, Average Selling Price has been considered to determine market values. Macroeconomic indicators such as GDP and end-use application industries’ growth have been considered while studying this market. Top-down approach has been used to obtain market numbers and bottom-up approach has been used to counter-validate the market estimations. The market value for all segments is taken in US$ Mn and the market volume is also identified in KT for all the segments. Lastly, a competitive landscape has been included to provide report audiences with a dashboard view. The report provides detailed market share analysis of the glass container market on the basis of key manufacturers. Comprehensive profiles of manufacturers are also included within the scope of the report to evaluate strategies, key offerings and recent developments in the global glass container market.
Key segments covered in this report
To understand and assess opportunities in the global glass container market, we have divided the report into four sections based on market segmentation as under:
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By Product Type |
By End Use |
By Colour |
By Region |
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Our research methodology
Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of glass containers is deduced on the basis of product type, where the average price of each product type is inferred across all the assessed regions. The market value of the global glass container market is calculated from the data acquired from the average selling price and market volume. For the 10 year forecast of the global glass container market, various macroeconomic factors and changing trends have been observed, giving an idea about the future of the market. Other important factors considered to arrive at market forecast are the size of the current market, inputs from the demand side and the supply side and other dynamics shaping the scenario of the market. In the compilation of the report, the forecast is conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting pertinent insights and future opportunities in the global glass container market.