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Xuzhou Sheenland Glass Products Co., Ltd.
2020-2025 Glass Bottle Market Growth, Trends And Forecasts

2020-2025 Glass Bottle Market Growth, Trends And Forecasts

In 2019, the market value of glass bottles and glass containers was 60.91 billion U.S. dollars and is expected to reach 77.25 billion U.S. dollars in 2025, with a compound annual growth rate of 4.13% between 2020 and 2025.

The glass bottle packaging is recyclable to a high standard, which makes it an ideal choice for packaging materials from an environmental point of view. Recycling 6 tons of glass can directly save 6 tons of resources and reduce 1 ton of CO2 emissions.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, 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, there are more and more prohibitions on the use of PET bottles and containers for pharmaceutical packaging and transportation through

relevant departments and relevant regulatory agencies, and PET consumption is expected to be hit. In the forecasting process, this will drive the demand for glass bottles and glass containers. For example, the San Francisco Airport banned the sale of single-use plastic bottled water from August 2019. Bottles, or buy refillable aluminum or glass bottles at the airport. This situation is expected to reflect the demand for glass bottles.

2020-2025 Glass Bottle Market Growth 2020-2025 Glass Bottle Market Growth

Main market trends

Alcoholic beverages are expected to occupy an important market share

Glass bottles are 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.

The reason is that wine should not be exposed to the sun, otherwise, the wine will be destroyed. . For example, according to OIV data, most countries produced 292.3 million hectoliters of wine in the 2018 fiscal year.

According to the United Nations Distinguished Wine Association, vegetarianism is one of the fast trends in wine development 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 better large market share

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 country’s more recent regulatory changes, foreign pharmaceutical companies face difficulties in conducting business, especially in terms of market entry and price control. Therefore, domestic participation has potential growth opportunities because they may experience from these companies. According to data from Banco do Nordeste, China's alcoholic beverage consumption is expected to reach 54.12 billion liters by 2021.

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 reconstructions, 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. Food and household products companies, such as Procter & Gamble's local subsidiaries Lotte and Kirin, have jointly initiated a proposal to establish a recycling system for plastic-free containers.