Glass bottles and glass containers are mainly used in the alcoholic and non-alcoholic beverage industry, which are chemically inert, sterile and impermeable. The glass bottle and glass container market was valued at USD 60.91 billion in 2019 and is expected to reach USD 77.25 billion in 2025, growing at a CAGR of 4.13% during 2020-2025.
Glass bottle packaging is 100% recyclable, which makes it an ideal choice for packaging material from an environmental standpoint. Recycling 6 tons of glass can directly save 6 tons of resources and reduce 1 ton of CO2 emissions.
One of the major factors driving the growth of the glass bottle market is the increasing consumption of beer globally. Beer is one of the alcoholic beverages packaged in glass bottles. It comes in a dark glass bottle to preserve the substance inside. These substances can easily deteriorate if exposed to UV light. Additionally, according to 2019 NBWA Industry Affairs data, U.S. consumers 21 and older consume more than 26.5 gallons of beer and cider per person per year.
Additionally, PET consumption is expected to take a hit as governments and related regulators increasingly ban the use of PET bottles and containers for pharmaceutical packaging and shipping. This will drive the demand for glass bottles and glass containers over the forecast period. For example, in August 2019, San Francisco Airport banned the sale of single-use plastic water bottles. The policy will apply to all restaurants, cafes and vending machines near the airport. This will allow travelers to bring their own refillable bottles, or buy refillable aluminum or glass bottles at the airport. This situation is expected to stimulate the demand for glass bottles.
Alcoholic beverages are expected to hold a significant market share
Glass bottles are one of the preferred packaging materials for packaging alcoholic beverages such as spirits. The ability of glass bottles to maintain product aroma and flavor is driving demand. Various vendors in the market have also observed growing demand from the spirits industry.
Glass bottles are the most popular packaging material for wine, especially stained glass. The reason is, the wine should not be exposed to sunlight, otherwise, the wine will be spoiled. Growing wine consumption is expected to drive the demand for glass bottle packaging during the forecast period. For example, according to the OIV, global wine production in fiscal 2018 was 292.3 million hectoliters.
According to the United Nations Fine Wine Institute, vegetarianism is one of the fastest growing trends in wine and is expected to be reflected in wine production, which will lead to more vegan-friendly wines, which will require a lot of glass bottles.
Asia Pacific is expected to hold the largest market share
The Asia Pacific region is expected to register a significant growth rate compared to other countries owing to the increasing demand for the pharmaceutical and chemical industries. Due to the inertness of glass bottles, they prefer to use glass bottles for packaging. Major countries such as China, India, Japan, and Australia have contributed significantly to the growth of the glass bottle packaging market in Asia Pacific.
Post time: May-18-2022