Trends and Projected Growth of the Canned Glass Packaging Market
The canned glass packaging market was valued at US$ 7.05 billion in 2024 and is expected to grow to approximately US$ 10.09 billion by 2034. This growth represents a steady annual increase of 3.65% over the next decade.
Download Statistical Data: https://www.towardspackaging.com/download-statistics/5344
Market Overview
The canned glass packaging market is an important industry in the packaging sector. This deals with sustainable packaging and transporting glass cans to several areas. This market is generally driven by the rising trend of eco-friendly packaging and premium-looking bottle demand among consumers which should also be convenient. The canned glass packaging industry manufactures different types of bottles with various shapes, sizes, colours, locking systems, and many others. This industry manufactures different quality canned glass with a variety of designs which makes it different from one brand to another. These bottles are of different types according to their weight as well. As there is a huge demand for lightweight canned glass the growth factor of this industry is exponential.
Canned Glass Packaging Market Trends
The canned glass packaging market is experiencing steady growth as consumer demand for sustainable and premium packaging options rises. Glass, known for its eco-friendly nature, is increasingly preferred by brands aiming to offer high-quality, visually appealing products. Key trends driving the market include:
- Sustainability Focus: With growing awareness of environmental concerns, consumers and manufacturers are opting for glass due to its recyclability and lower carbon footprint compared to other packaging materials.
- Premiumization of Products: Many premium beverage and food brands are using glass packaging to enhance product appeal, leveraging its high-end, aesthetic qualities.
- Shift from Plastic to Glass: In response to regulatory pressure and consumer preferences for sustainable packaging, companies are transitioning from plastic to glass packaging, particularly in the beverage sector.
- Customization and Design Innovation: To stand out in a competitive market, brands are embracing unique and customized glass can designs, offering better consumer experiences.
- Increased Demand for Carbonated Drinks and Alcohol: Glass packaging is commonly used for carbonated beverages and alcoholic drinks due to its ability to preserve taste and quality over time.
Recent Developments in the Canned Glass Packaging Market
- In July 2024, O-I unveiled a new line of premium and sustainable glass bottles, showcasing their commitment to eco-friendly and high-quality packaging solutions.
- In August 2024, Verallia Group was recognized as the world’s third-largest producer of glass packaging, serving major brands like Heineken, Pernod Ricard, Nestlé, and Danone.
- In May 2024, O-I Glass Inc. introduced a lightweight glass wine bottle in the French market, designed to reduce the carbon footprint of packaging.
- In October 2024, The Estée Lauder Companies partnered with Strategic Materials, Inc. to launch a cosmetic glass recycling initiative, promoting sustainability in the beauty industry.
- In July 2023, Corning Incorporated launched Corning® Viridian™ Vials, an innovative addition to their expanding portfolio of pharmaceutical glass packaging solutions.
Canned Glass Packaging Market Companies
- Owens-Illinois
- Bormioli Luigi
- Verallia
- Allied Glass
- Ardagh Glass Group
- Vidrala
- Nihon Yamamura
- Stölzle Glas Group
- Amcor
- HNGIL
- HNG glass factory
- Orora Ltd
- WestRock
Buy Premium Global Insight: https://www.towardspackaging.com/price/5344
Get the latest insights on packaging industry segmentation with our Annual Membership – https://www.towardspackaging.com/get-an-annual-membership
If you have any questions, please feel free to contact us at sales@towardspackaging.com
Browse our Brand-New Journal:
https://www.towardshealthcare.com
https://www.towardsautomotive.com
For Latest Update Follow Us: https://www.linkedin.com/company/towards-packaging/
Get Our Freshly Printed Chronicle: https://www.packagingwebwire.com/