Glass Packaging Market Driven by Rising Demand for Sustainable Packaging Solutions
The glass packaging market has seen considerable growth in recent years owing to increased demand for sustainable packaging across industries. Glass is widely used for packaging foods, beverages, pharmaceuticals, cosmetics and other consumer and industrial products due to its recyclable properties and ability to preserve the quality and shelf-life of products. Glass is non-reactive, transparent and impermeable to gases, moisture and micro-organisms, making it suitable for various packaging applications.
The global glass packaging market is estimated to be valued at US$ 71.97 billion in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the glass packaging market include Amcor Ltd, Ardagh Group, Gerresheimer, Hindustan National Glass and Industries Ltd, Koa Glass Co. Ltd., Owens Illinois Inc, Piramal Glass Limited, Saint-Gobain, Heinz-Glas, Wiegand-Glas, Vidrala SA, Vitro Packaging, Nihon Yamamura, Verallia, Wrapper India, Toyo Seikan, O-I Glass, AptarGroup, Schott Kaisha Pvt Ltd, and Roetell.
Key opportunities: The rising Glass Packaging Market Demand for premium packaged products coupled with increasing awareness about sustainable packaging is expected to offer lucrative opportunities for players in the glass packaging market. Growing convenience food and beverage industries in developing countries will further boost market growth.
Technological advancements: Recent advancements such as lightweight glass packaging solutions, anti-microbial glass coatings, smart barrier coatings to extend shelf-life and improve product safety are expected to drive the adoption of innovative glass packaging formats. Efforts to reduce glass weight through nano-technology will also support the market expansion.
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