Glass containers or bottles are considered the best option to avoid any types of impurities and chemicals from entering into any substance and to keep the quality and chemical properties of any substance intact. It has been extensively used in the pharmaceutical industry due to various reasons. For instance, it can be used to contain strong acids and alkalis. Besides, colored glasses or vials can protect the content inside from UV rays. In addition, the use of glass is increasing in the day-to-day lives of people for storing food items and drinking water and other beverages. The reason behind this is that glass bottles and jars keep food items and beverages free from chemicals more than plastic containers and are safer for the body. Besides pharmaceutical and household use, the cosmetic industry is also utilizing glass vials and containers to offer skincare and other products, which drives the market’s growth globally. According to OMR Research, the market is expected to grow at a CAGR of 4.2% during the forecast period of 2023–2029.
Segments of the Market
The global glass bottle and container market is segmented on the basis of product type and end-user. Based on product type, the market is sub-segmented into glass vials, glass jars, and candle glass containers. Based on end-user, it is sub-segmented into cosmetics and perfumes, pharmaceuticals, food and beverage, and others.
Recent Developments
The key market players, such as AGI glaspac, Hindusthan National Glass & Industries Ltd., Carib Glassworks Ltd., O-I Glass, Inc., Saverglass, Wiegand-Glas Holding GmbH, Amcor plc, Frigoglass, Consol Glass (Pty) Ltd., and Vidrala, among others, are contributing to the market’s growth with their various mergers and acquisitions, collaborations, investments, and new product launch activities. Some of the recent developments in the market include:
• In January 2022, AGI Glaspac, a leading glass bottle manufacturer in India, opened its new manufacturing plant in Bhongir, Telangana. The new 154 TPD glass factory focuses on clear glass items such as water bottles, candle jars, food and beverages, cosmetics and perfumery, and luxury spirits segments in order to meet the rising demand in the specialty glass area.
• In November 2022, Becton, Dickinson and Company, a manufacturer and distributor of medical devices and other instruments and reagents, introduced a new glass prefillable syringe, Effivax. The syringe minimizes the chances of a line stoppage while also improving the total cost of ownership, production capacity, and supply availability.
• In September 2022, Our Place, a kitchen essentials provider, launched a new container collection that is made out of colored glass. These are lightweight, shatter-resistant, freezer, microwave, and dishwasher-safe.
• In October 2022, Caraway, a cookware brand, launched a new Food Storage Set that comes with 14-piece containers and is available in various colors. The storage set is ceramic-coated glass containers that are non-stick and dishwasher safe.
Conclusion
The growing cosmetics and pharmaceutical industries are the biggest drivers of the glass bottle and container market. Both of these industries utilize glass packaging as they cannot compromise on the quality and chemical qualities of the products. The market for glass containers used in the pharmaceutical sector is being pushed by both the increased need for parenteral packaging and the use of drugs globally. The most typical glass container used in pharmaceutical packaging is a vial or an ampoule. In the pharmaceutical industry, glass bottles are widely used for syrups, drops, and suspensions, among other drugs. The pharmaceutical industry's glass container market is being driven by the need for pediatric and geriatric medications on a global scale.
Although the market may face some restraints due to the higher cost of glass manufacturing than plastic, the fragility of glass, the high energy consumption of glass manufacturing, and the fact that certain glass bottles can contain harmful toxins such as lead, chromium, and cadmium that can cause various diseases, it is still considered a better option than plastic for various industries and home uses. Furthermore, glass containers, such as candle glass containers and light glittering bottles, can be personalized and printed, making them attractive home décor items. It is also utilized in consumer applications as dinnerware. All of these factors are projected to drive container glass demand during the forecast period.