Glass Bottles Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global Glass Bottles market reached a value of about USD 55 billion in 2021. The industry is projected to grow at a CAGR of around 4.6% in the forecast period of 2022-2027 to reach a value of about USD 72.03 billion by 2027.

The global Glass Bottles industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing end-uses of the commodity are primarily driving the market growth. The Asia Pacific is the highest category spender by region, driving the demand for the Glass Bottles industry.

Industry Definition and Segmentation

A glass bottle is constructed entirely of glass and includes food and beverage glass containers and container glass covered by the deposit regulation. They are commonly used for culinary condiments, soda, liquor, cosmetics, pickling, and preservatives. The Glass Bottles industry report comprises segments by end-use (beer, alcoholic beverages, food, and non-alcoholic beverages and pharmaceutical) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific holds the largest share in the market due to an increase in demand for pharmaceutical and chemical industries, which favour glass packaging due to the inert nature of glass bottles. The regions China, India, and Japan, contribute significantly to the region's growth. Furthermore, China's growing number of producers and end-user sectors will fuel the demand for glass bottles worldwide.

The market is being aided by the use of the commodity in a wide range of end-user industries. The item does not react with the chemicals in drinks; thus, it keeps the scent, strength, and flavour of these beverages, making it a popular packaging option resulting in higher sales. Furthermore, it is preferred by premium food and beverage manufacturers above other packaging materials such as plastic because it is chemically inert, non-porous, and impermeable furthering its use. The bottles are also gaining traction in the pharmaceutical industry owing to the following features, further boosting the market demand.

However, the factors like easy availability of substitutes and the fragile nature of the product, which makes it difficult to transport, are hampering the market's growth.

Best Procurement Practices

The global Glass Bottles industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Glass Bottles regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Loading molten glass into moulds with an exact funnel procedure. After that, the baffle starts the settle blow process, allowing compressed air to enter the mould and produce the neck and container finish. A plunger travels into the finish to tighten the glass against the mould in the counterblow process, creating the parison. The neck ring keeps the glass container in place when the mould expands, allowing it to be inverted for the blow mould process. A reheat stage ensures that the parison temperature matches the interior glass temperature, resulting in smoothing and uniform distribution of the glass to avoid breaking. The last blow is used to equally tighten the glass against the blow mould to finish the form. Remove the new glass bottle from the mould and place it on a cooling plate. The glass bottle is then carried by conveyor from the cooling plate to be packaged and ready for delivery.

The Rising Applications of the Product, Further Bolstering the Procurement of Glass Bottles

The industry is being driven by the nature of the product of being completely recyclable, making it an environmentally friendly packaging solution. The bottles are widely desired, especially for premium items, and the perfume and fragrance business is growing as a significant contributor, further propelling the industry's expansion. Moreover, Transparency in food packaging is becoming increasingly popular, and consumers want to view the actual goods before buying them since the labels indicate the components. As a result, many businesses, especially those in the dairy industry, provide their goods in clear glass containers. Also, the Increasing development activities and the prevalence of lightweight and high strength bottles will increase numerous changes that will contribute to the expansion of the glass bottle market throughout the projection period.

The regional markets for the industry can be divided into North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Glass Bottles Industry Report

• Ardagh Group
• O-I Glass, Inc.
• Vidrala SA
• Central Glass Co., Ltd.
• Verallia SA

Market Landscape

The market for glass bottles and containers is competitive and somewhat fragmented, and the market is supported by a large number of glass bottle producers. Leading market companies are progressively focused on product development activities and strategic mergers and acquisitions to meet capacity and regional growth needs.

Key Initiatives by Companies

• Owens-Illinois (O-I), a glass packaging firm, announced a BRL 990 million (USD 178.8 million) investment in two new plants in Brazil in October 2021. The investment is part of a USD 680 million package from the world's largest container glassmaker, which will be made between 2022 and 2024 to boost output in places where supplies are scarce and introduce a technology that will change the glass manufacturing process.
• ALPLA Group announced the purchase of Wolf Plastics Group in August 2021 to broaden its product offering and grow its footprint in Central and Southeastern Europe. Wolf Plastic's experience in producing plastic buckets and canisters will be used to expand the company's product line.