Container glass is a multipurpose container for
storing food, beverages, and pharmaceutical drugs. It is made from limestone,
soda ash, sand, cullet (crushed bottles), and various additives. It preserves
the original taste of any drink or good without changing its quality. It is a
high recyclable material which possesses some characteristics that make it a
highly preferred packaging material. It is available in different sizes,
colors, and shapes according to the existing demand. It is a reusable substance
and decreases carbon dioxide (CO2) emissions.
According to study, “Global
Container Glass Market Status (2015-2019) and Forecast (2020-2024) by
Region, Product Type & End-Use” the key companies operating in the global container
glass market areArdagh Group, Vitro, S.A.B. de C.V., Nipro Corporation, Nampak
Ltd., Becton, Dickinson and Company, Saverglass SAS, Consol Glass (Pty) Ltd., BA
Glass, Adelphi Healthcare Packaging, Schott AG, Stevanato Group, Wiegand-Glas
GmbH, Beatson Clark Ltd., Piramal Glass Limited, AGI Glasspack Limited,Owens-Illinois,
Inc., Hindusthan National Glass & Industries Limited, Gerresheimer AG, Vidrala
S.A.
Based on product type, container glass market is
segmented into decorative containers, candle glass containers, glass bottle,
tableware, glass jars, and glass vials & ampoules. Decorative containers
include artifacts and decorative pots. Glass bottle is further sub-segmented
into sauce/syrup bottle, Boston round bottle, French square bottle, and other
container glass bottles. Glass jar is further sub-segmented into Mason jar,
paragon jar, hexagonal jar, straight-sided jar, and other jars. The Mason jar
segment holds major share in market owing to the relatively simple &
cost-effective design of the container glass jar. The Paragon jars segment is
estimated to exhibit considerable growth rate due to rise in shift in consumer
preference because of comparatively better aesthetics and ease
in handling of the container glass jar during the forecast period.
Additionally, glass vials & ampoules segment is further sub-segmented into pharma-grade
vials & ampoules and food-grade vials & ampoules. The container glass
pharma grade vials & ampoules dominates the market as a result of increase
in preference for unit dose container glass packaging solution.Based on
material, market is segmented into amber glass, clear glass, and green glass. Based
on forming process, market is segmented into press & blow forming and blow
& blow forming. In addition, based on end-use, market is segmented into
packaging and non-packaging.
The container glass market is driven by rise in
demand for healthy & organic food products, followed by large-scale intake
of alcohol or immense sale of personal care & cosmetic items, rapidly aging
population and increase in emphasis on using
eco-friendly recyclable materials. However, easily available substitute like
plastics may impact the market.
Based on geography, the Asian-Pacific region
dominates the container glass market owing to large-scale intake of
alcoholic drinks in countries such as China and India. Whereas, the European region
is expected to be the second largest market in terms of growth due to increase
in consumption of beer and rise in alcoholic beverages sector over the forecast
period. Additionally, the North-American region is anticipated to witness
higher growth rate caused by large-scale production of high quality wine over
the forecast period. In upcoming years, it is projected that future of the
market will be optimistic on account of increase
in preference for healthy as well as organic food items during the forecast
period.
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Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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