Glass bottles and glass containers are mainly used in the alcohol and non-alcoholic beverage industry, which can maintain chemical inertness, sterility and impermeability. The market value of glass bottles and glass containers in 2019 was US$60.91 billion and is expected to reach US$77.25 billion in 2025, with a compound annual growth rate of 4.13% between 2020 and 2025.
Glass bottle packaging is high standard recyclable, from an environmental point of view, this makes it an ideal choice for packaging materials. Recycling 6 tons of glass can directly save 6 tons of resources and reduce 1 ton of CO2 emissions.
One of the main factors driving the growth of the glass bottle market is the increase in beer consumption in most countries. Beer is one of the alcoholic beverages packaged in glass bottles. It is packed in a dark glass bottle to preserve the contents. If these substances are exposed to ultraviolet light, they can easily deteriorate. In addition, according to the 2019 NBWA Industry Affairs data, American consumers 21 and older consume more than 26.5 gallons of beer and cider per person each year.
In addition, with the increasing bans on the use of PET bottles and containers for pharmaceutical packaging and transportation by relevant departments and relevant regulatory agencies, PET consumption is expected to be hit. During the forecast period, this will drive the demand for China Hand Sanitizer Glass Bottle and glass containers.
For example, the San Francisco Airport banned the sale of single-use plastic bottled water from August 2019. This policy will apply to restaurants, cafes and vending machines near the farms of the agricultural production system. This will enable passengers to carry their own refillable bottles, or to purchase refillable aluminum or glass bottles at the airport. This situation is expected to reflect the demand for glass bottles.
Main Market Trends
Alcoholic beverages are expected to occupy an important market share
Glass bottle is one of the better packaging materials for packaging alcoholic beverages (such as spirits). The ability of glass bottles to maintain product aroma and flavor is driving demand. Various suppliers in the market have also observed the growing demand from the spirits industry. For example, Piramal Glass, whose customers include Diageo, Bacardi, and Pernod, have seen an increase in demand for special bottles of spirits in the short term.
Glass bottle is a more popular packaging material for wine, especially colored glass. The reason is that wine should not be exposed to the sun, otherwise, the wine will be destroyed. It is expected that during the forecast period, the growth of wine consumption will drive the demand for glass bottle packaging. For example, according to OIV data, most countries produced 292.3 million hectoliters of wine in fiscal 2018.
According to the United Nations Excellent Wine Association, vegetarianism is one of the trends in the rapid development of wine, and it is expected to be reflected in wine production. This will promote the emergence of more vegetarian-friendly wines, so a large number of glass bottles are needed.
The Asia-Pacific Region Is Expected To Have A Relatively Large Market Share
Due to increased demand for the pharmaceutical and chemical industries, the Asia-Pacific region is expected to achieve a significant growth rate over other countries. Because of the inertness of glass bottles, they prefer to use glass bottles for packaging. Major countries such as China, India, Japan and Australia have made important contributions to the growth of the glass bottle packaging market in the Asia-Pacific region.
In China, due to the recent regulatory changes in the country, foreign pharmaceutical companies are facing difficulties in conducting business, especially in terms of market entry and price control. Therefore, domestic players have potential growth opportunities because they may experience increased demand for glass bottles and glass containers from these companies. In addition, according to data from Banco do Nordeste, China’s alcoholic beverage consumption is expected to reach 54.12 billion liters by 2021.
Relevant departments in India have better promoted the reduction of single-use plastics. In September 2019, the Food Safety and Standards Agency of India announced that hotels can provide guests with glass bottled water instead of plastic bottled water, as long as the water meets safety standards and the bottle is not for sale. After these initiatives, many hotel chains in India have been reducing the consumption of single-use plastics.
In July 2019, Japan formulated three new Japanese Industrial Standards and revised eight standards to promote materials made through the recycling of waste glass bottles and further efforts to establish a sustainable resource recycling society. Major Japanese food and household product companies, such as Procter&Gamble’s local subsidiaries Lotte and Kirin, have jointly launched an initiative to establish a recycling system for containers that do not contain plastic.
Media Contact
Company Name: Xuzhou Yanjia Glassware Co., Ltd.
Email: Send Email
Phone: 86-0516-83378334
Country: China
Website: https://www.xzff.com/