Syndicated Research Studies

Container Glass Market Growth & Trends The global container glass market size is anticipated to reach USD 82.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.7% from 2021 to 2028. The market is predominantly driven by the increasing demand for fast-moving consumer goods (FMCG) and alcoholic beverages across the globe. FMCG products such as honey, cheese, jam, mayonnaise, spices, spreads, sauces, syrups, processed vegetables/fruits, and oil, and more are packed in various types of jars and bottles made-up of glass. The growing hygiene and living standards among the consumers living in the urban areas across the globe is increasing the consumption of glass containers including bottles, jars, and tableware. Consumers are using glass containers to hold food and drinks for hygienic reasons. Moreover, glass is reusable and recyclable, thus consumers and industrialists are focusing on g...

Container Glass Industry Overview The global container glass market size was valued at USD 61.3 billion in 2020 and is anticipated to expand at a compounded annual growth rate (CAGR) of 3.7% from 2021 to 2028. The market growth is expected to be driven by the increasing consumption of beverages and the growing demand for vials and ampoules in the pharmaceutical industry. Moreover, the growing demand for premium packaging in the food processing industry is further accelerating market growth. The container glass market experienced a slight hindrance in its growth in 2020 owing to the outbreak of the Coronavirus pandemic. The shortage of raw material, transportation restrictions, and shut down of industries hampered the production of glass containers in 2020 which resulted in the tight supply of container glass in the end-user industries. However, high demand for container glass from the food and beverage and pharmaceutical industry resulted in remarkable resilience of the market in 2...