The global glass packaging market size is expected to hit around USD 93.79 billion by 2032 from valued at USD 58.97 billion in 2022, and representing a 4.8% CAGR from 2023 to 2032. Asia Pacific glass packaging market was valued at USD 21.56 billion in 2022. The rising focus on sustainable solutions for packaging, especially in the food & beverages industry is observed to boost the growth of the glass packaging market.

Key Takeaways:

Asia Pacific captured the highest revenue share of around 36% in 2022.

North America is expected to expand the fastest CAGR between 2023 and 2032.

By End-use, the food & beverage segment generated to the maximum market share of around 48% in 2022.

By End-use, the pharmaceutical segment has held revenue share of 25% in 2022.

By Product, the bottles segment led the global market in 2022.

By Product, the jars and containers segment is expected to expand the fastest CAGR between 2023 and 2032

Market Overview:

The glass packaging market refers to the innovation, development, distribution, and utilization of glass packaging materials, including bottles, jars, and other materials for numerous end-users. Glass packaging is 100% recyclable, which makes it an attractive option for companies looking to reduce their carbon footprint. 

The recyclability of glass packaging also helps to reduce waste and promote a circular economy. Several governments and private organizations are focused on promoting sustainability by implementing a number of initiatives, recycling of glass bottles, jars, and containers to develop new innovative glass products is one of the significant initiatives implemented by various governments. Such initiatives are even rapidly adopted by private companies/organizations. Such steps act as a fueling factor for the growth of the global glass packaging market.

In December 2022, Carlsberg Malaysia announced to work with Sabah Recycling Association to pilot test a three-year glass bottle recycling and community empowerment program. With this program, the company is aiming to fulfill its environmental, social, and governance agenda.

In October 2022, Grupo Petropolis and the National Confederation of Industry announced the launch of a project to improve and increase the utilization of glass throughout the supply chain. The project was launched through the National Service for Industrial Learning to solve the problem of the circularity of glass packaging chains, which focuses on reducing the generation of CO2 in the circular chain of glass, increasing the return the glass packaging, and promoting refillable packaging.  

Growth Factors:

End-users, including cosmetics, beverages, and other industries that offer a premium range of products, are focused on providing aesthetic packaging for products. Glass packaging has a premium and high-end look that can add value to the products it contains. It can also be customized with various shapes, sizes, and colors to enhance the overall aesthetics of the product. The rising demand for aesthetic packaging for products is observed to supplement the market’s growth during the forecast period.

Glass packaging is considered to be one of the most sustainable packaging solutions. As more and more consumers become environmentally conscious, the demand for sustainable packaging is also increasing, driving the growth of the glass packaging market.

In September 2022, a New York-based brand, Smirnoff, announced the launch of a glass bottle drive in Chicago. With this new launch, the company focuses on boosting packaging sustainability by 2030. Smirnoff is also aiming to recycle old glass bottles to bring new bottles to the market under the partnership with the Don’t Trass Glass (DTG) campaign.

Moreover, glass packaging offers additional product protection from external hazards, including sun exposure, humidity, and other potential environmental factors. Such benefits provided by glass material act as a driving factor for the rising consumption of glass packaging across the globe.

Market Overview:

The glass packaging market refers to the innovation, development, distribution, and utilization of glass packaging materials, including bottles, jars, and other materials for numerous end-users. Glass packaging is 100% recyclable, which makes it an attractive option for companies looking to reduce their carbon footprint.

The recyclability of glass packaging also helps to reduce waste and promote a circular economy. Several governments and private organizations are focused on promoting sustainability by implementing a number of initiatives, recycling of glass bottles, jars, and containers to develop new innovative glass products is one of the significant initiatives implemented by various governments. Such initiatives are even rapidly adopted by private companies/organizations. Such steps act as a fueling factor for the growth of the global glass packaging market.

In December 2022, Carlsberg Malaysia announced to work with Sabah Recycling Association to pilot test a three-year glass bottle recycling and community empowerment program. With this program, the company is aiming to fulfill its environmental, social, and governance agenda.

In October 2022, Grupo Petropolis and the National Confederation of Industry announced the launch of a project to improve and increase the utilization of glass throughout the supply chain. The project was launched through the National Service for Industrial Learning to solve the problem of the circularity of glass packaging chains, which focuses on reducing the generation of CO2 in the circular chain of glass, increasing the return the glass packaging, and promoting refillable packaging.  

Growth Factors:

End-users, including cosmetics, beverages, and other industries that offer a premium range of products, are focused on providing aesthetic packaging for products. Glass packaging has a premium and high-end look that can add value to the products it contains. It can also be customized with various shapes, sizes, and colors to enhance the overall aesthetics of the product. The rising demand for aesthetic packaging for products is observed to supplement the market’s growth during the forecast period.

Glass packaging is considered to be one of the most sustainable packaging solutions. As more and more consumers become environmentally conscious, the demand for sustainable packaging is also increasing, driving the growth of the glass packaging market.

In September 2022, a New York-based brand, Smirnoff, announced the launch of a glass bottle drive in Chicago. With this new launch, the company focuses on boosting packaging sustainability by 2030. Smirnoff is also aiming to recycle old glass bottles to bring new bottles to the market under the partnership with the Don’t Trass Glass (DTG) campaign.

Moreover, glass packaging offers additional product protection from external hazards, including sun exposure, humidity, and other potential environmental factors. Such benefits provided by glass material act as a driving factor for the rising consumption of glass packaging across the globe.