An Incisive, In-depth Analysis on the Glass Bottles Market
This study offers a comprehensive, 360 degree analysis on the Glass Bottles market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Glass Bottles market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Glass holds some of the most remarkable characteristics as a raw material, and bottles made out of it are identified for their predominant use as containers in the packaging industry. Glass bottles continue to appease customers for being durable, aesthetically pleasing and hygienic. From a manufacturing standpoint, their impermeable and malleable features have translated into million-dollar cost-savings. According to Future Market Insights, the demand for glass bottles will remain steady throughout the globe during the forecast period, 2017-2022. Being a competent packaging commodity, glass bottle will also witness a rise in its application across other industrial verticals. By the end of 2022, the global market for glass bottles is anticipated to reach a value of over US$ 71 billion. Over the next five years, production and demand for glass bottles will remain concentred in the Asia-Pacific excluding Japan (APEJ) region.
Moulded Glass Bottles will account for 90% of Global Revenues in 2017
The report has analysed the global glass bottles market on the basis of manufacturing. In 2017, around 93 percent of revenues procured in the global glass bottles market are anticipated to be accounted by bottles manufactured with moulded glass. Over the forecast period, the sales of moulded glass bottles are pegged to outpace the sales of tubular glass bottles. The categorically high demand for moulded manufacturing will be factored by advantages of such manufacturing processes in packaging end-uses of glass bottles. Moulding processes have advanced to an extent where the bottles being manufactured exhibit high strength, increased thermal and mechanical durability, and lowered risk of splits. Tubular manufacturing, on the other hand, is anticipated to lose traction in the global glass bottles market over the forecast period. By 2022-end, less than US$ 5 billion worth of glass bottles being sold globally will be manufactured through tubular processing.
Application of Glass Bottles in Ready-to-Drink Beverage Packaging to gain traction
The report also projects that application of glass bottles in packaging of ready-to-drink beverages will gain steadfast traction through 2022. During the forecast period, ready-to-drink glass bottles will register impressive revenue growth at an estimated 7.7% CAGR. In contrast to the rising application of glass bottles in ready-to-drink beverage packaging, the report expects that application glass bottles will showcase moderate application in packaging of beers, carbonated drinks and wine.
Towards the end of the forecast period, application of glass bottles in food packaging will register a sluggish growth. While beers will contribute for largest share on global market revenues, pharmaceutical applications are anticipated to create an incremental opportunity of nearly US$ 750 million between 2017 and 2022. Meanwhile, cosmetic applications of glass bottles will witness robust growth in terms of revenues. By the end of 2022, glass bottles worth nearly US$ 2.5 billion will be used for packaging of cosmetics.
Key Manufacturers of Glass Bottles
The APEJ region will be widely observed lucrative for production of glass bottles. Ample availability of resources, easy procurement of sand and silica, and low labour wages have collectively instrumented the predominant presence of leading glass bottle manufacturers in this region. Companies namely, 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. have been profiled in the report as key players in the global market for glass bottles. A majority of these manufacturers will be focusing on enhancing bottle designs and handling features. The overall competition landscape in the global glass bottles market will be highly engaged in combating the rising adoption of plastic bottles in the packaging industry.
Glass bottles have demarcated the packaging world by becoming sought-after containers for beverages and other fluids. From sodas to wines, glass bottles have been extensively used as containers in the food and beverage industry. Their presence is also identified by increasing preference of pharmaceutical manufacturers towards glass bottle packaging. However, with changing consumer preferences, manufacturers of glass bottles struggle to compete with the steadfast adoption of plastic bottles and other substitutes. Future Market Insights (FMI) offers an exclusive study on the global market for glass bottles. The report, titled “Glass Bottles Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022),” delivers an in-depth prognosis on the expansion of global glass bottles market for the five-year assessment period, 2017-2022.
Key market participants have been profiled, wherein revenues procured from global sales of glass bottles over the past five years have been aggregated to generate a historical baseline. This data has been redirected to develop presumptive scenarios on the immediate future of global glass bottles market. The report provides a comprehensive analysis and forecast on the glass bottles market by employing extensive research through primary and secondary approaches.
Report Outline
Commencing with an executive summary, the report initially reveals forecast on glass bottles market across several key regions. The executive summary also offers market size estimations for the forecast period, and reveals the expected compounded annual growth rate for the overall glass bottles market. In the overview section, the report provides a formal introduction to the market, along with a standard definition of glass bottles. Following subsections in the overview deliver information on global market dynamics, wherein factors influencing the growth of glass bottles market have been analysed with a global perspective.
The overview of the report also includes analysis on value chain, pricing, trade, cost structure, and distribution network. The report also provides an analysis on key market participants by plotting their presence across all regions. Following sections in the report provide an in-depth breakdown of the global glass bottles market across key segments, which include – manufacturing process, application, and region. The report also provides cross-segmental information and country-specific forecast & analysis in the subsequent sections.
Market Taxonomy
The taxonomy of the global glass bottles market has been precisely illustrated in the table below:
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Competition Tracking
The report concludes by broadly depicting the current competition landscape in the global glass bottles market. Key manufacturers of glass bottles have been profiled, wherein their current market standings have been revealed. Based upon their recent developments and strategic undertakings, the report has profiled companies by estimating their influence on the market in the near future.
Research Methodology
Future Market Insights relies on its robust research methodology that drafts the forecast on global glass bottles market by gauging both, qualitative and quantitative information. In order to provide accurate and balanced analysis, key players profiled in the report have been approached discretely to validate their revenues and procure manufacturing insights. Raw material sourcing strategies, mergers and acquisitions, and product developments of individual companies have been considered to derive market size estimations.
For interpreting the forecast market values, the report offers estimations across metrics such as CAGRs, Year-on-Year growth rates, absolute dollar opportunities, and Basis Point Share index. Our analysts have studied the latest trends in packaging industry, and investigated their influence on dynamics of the global glass bottles market. Furthermore, the entire report has been universalised by offering market size estimations in US dollars (US$). The scope of the report is to enable players in the global glass bottles market formulate new strategies for intensifying their market presence in the foreseeable future.
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