Glass Bottles Market Had Breached a Revenue of US$ 37.1 Bn in 2021 & Sales are Expected to Grow at a CAGR of 5.2% Between Forecast Period of 2021-31, States Future Market Insight's latest study

Quest for Purity amidst Transparency to drive the Glass Bottles Market, witnessing a CAGR of 5.2% in the forecast period 2021-2031. The U.S. holds 84% of market share in the North America. In the U.S, beer will remain the most popular alcoholic beverage. Glass bottles demand in Japan and South Korea is expected to rise at 7% CAGR and 7.7% CAGR, respectively.

NEWARK, Del., Nov. 22, 2022 /PRNewswire/ -- The global glass bottles market was valued at US$ 37.1 Bn in the year 2021 and is expected to witness a CAGR of 5.2% between 2021 and 2031.

Production of glass bottles is witnessing technological advancements for offering sustainability and enhanced customization. This factor is majorly driving the glass bottles market. This applies to pharmaceutical, food & beverages, perfume & fragrance vertical, and likewise. Another advantage is that glass could be easily recycled. Also, it stays chemically inert.

Besides, the fact that the trend to look through transparency with respect to food packaging persists. The consumers prefer seeing the product through packaging before buying. This is another factor driving the glass bottles market.

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At the same time, the fact that glass is a brittle material can't be ignored. As such, it needs to be handled with utmost care. Future Market Insights has entailed these facts with insights in its latest market study entitled 'Glass Bottles Market'.

Key Takeaways from Glass Bottles Market

The Asia-Pacific holds the largest market share with Australia, Japan, India, and China leading from the front. This could be credited to the fact that the food and beverages industry is expanding at a good rate in these regions. Plus, countries like Chinas are more into manufacturing pharmaceuticals. South Korea is also expected to come around due to greater demand for beauty products.

The Europe and North America are expected to grow at a significant rate in the glass bottles market going forward. This is evident from the fact that Verescence's 3 glass production sites and 4 decoration locations in North America and Europe produce 500 Mn bottles every single year. Germany accounts for almost 25% of Europe's market share, followed by France (12%). Also, Canada, in February 2021, saw launching of the Loop/Reusable/Returnable Packaging platform in conjunction with Loblaw Inc. for rendering waste-free shopping for several household products. Heinz Ketchup (glass) bottle has been made available on the 'Loop' mentioned above.

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Competitive Landscape

Vitro, in October 2021, did announce investment close to US$ 70 Mn to construct a new-fangled 'Container' furnace at Vitro plant based out of Toluca (State of Mexico). The furnace would be providing extra capacity for supporting customers and their requirements regarding glass containers.

Verescence, in November 2021, did announce launching Verre Infini 20 (Infinite Glass) that does combine 20% PCR and glass tint for addressing upscale businesses' visual needs. Spain and France are already making the composition. The US began this year and South Korea next year.

Saverglass, in November 2021, did open a multi-service warehouse spanning 430,000 square feet in Fairfield (California) with the objective of providing alcohol and wine companies quick access to a wide range of the glass bottle services.

Stoezle Oberglass, in February 2022, completed rebuilding and expanding its flint furnace. It's an investment worth EUR 22 Mn aimed at making manufacturing site all the more sustainable and efficient with respect to carbon dioxide emissions and energy emissions. It claims to reach close to 270 tons of melted glass on the daily basis. 13% of energy could be saved per ton of glass.

Owens-Illinois, in October 2021, did announce spending US$ 178.8 Mn on its two novel facilities based out of Brazil.

ALPLA Group, in August 2021, did announce acquiring Wolf Plastics Group for expanding the product portfolio and expand the presence in Southeastern and Central Europe.

"With consumption of beer increasing worldwide, the global glass bottles market is slated to grow on an astonishing note in the near future", says an analyst from Future Market Insights.

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How does the Report bottle itself?

The research study is based on grade (Type I, Type II, and Type III), by manufacturing process (tubing and blown), by capacity (up to 50 ml, 51 – 200 ml, 201 – 500 ml, 501 – 1000 ml, and 1001 ml & above. By end-user, it's food, beverages, pharmaceuticals, personal care & cosmetics, perfume & fragrances, chemicals, and likewise.

The fact that glass stays inert irrespective of the drinks the glass bottle contains is expected to drive the glass bottles market in the forecast period.

Glass Bottles Market by Category

By Grade:

• Type I
• Type II
• Type III

By Manufacturing Process:

• Blown
• Tubing

By Capacity:

• Up to 50 ml
• 51 - 200 ml
• 201 - 500 ml
• 501 - 1000 ml
• 1001 ml & Above

By End User:

• Food
• Beverages
• Pharmaceuticals
• Personal Care & Cosmetics
• Perfume & Fragrances
• Chemicals
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

Table of Content

1. Executive Summary

    1.1. Global Market Overview

    1.2. Market Analysis

    1.3. Analysis and Recommendations

2. Market Overview

    2.1. Market Definition

    2.2. Market Taxonomy

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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SOURCE Future Market Insights