Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Glass Type (Borosilicate-based, Soda-lime-silica-based), By Forming Method (Blow & Blow, Press & Blow, Narrow Neck Press & Blow), By End Use (Food & Beverages, Cosmetics & Personal Care, Pharmaceuticals, Chemical, Others) And Competitive Landscape
Product Code: ETC399326 | Publication Date: Aug 2022 | Updated Date: Sep 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Latin America Container Glass market |
Forecast Period | 2024-2030 |
Market Size | USD 4.9 Billion - 6.2 Billion |
CAGR | 7.6% |
Growing Sector | Food & Beverages |
The Latin America Container Glass market report thoroughly covers the market by glass type, by forming method, by end user and by countries. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Latin America Container Glass Market was valued at approximately USD 4.9 billion in 2024 and is projected to reach around USD 6.2 billion by 2030, growing at a CAGR of 7.6% during the forecast period. Further, Brazil and Mexico together contribute a significant portion of the market, with Brazil expected to lead due to its robust beverage industry.
The Latin America Container Glass Market is experiencing steady growth, driven by the rising demand for sustainable packaging solutions across various industries such as food and beverages, pharmaceuticals, and cosmetics. Glass containers are increasingly favored for their recyclability, durability, and ability to preserve product quality without chemical interactions. Brazil and Mexico are key markets due to their expanding manufacturing sectors and growing consumer demand for premium products. Additionally, the shift towards eco-friendly packaging solutions and government regulations encouraging recycling are further fueling the market's expansion in the region.
According to 6Wresearch, Latin America Container Glass market size is projected to grow at a CAGR of 7.6% during 2024-2030. The growth of the Latin America Container Glass Market is primarily driven by the increasing demand for sustainable and eco-friendly packaging solutions, as consumers and industries alike shift toward recyclable materials. The beverage sector, especially in alcoholic drinks like beer and wine, is a major driver due to glass's ability to preserve taste and quality. Additionally, rising urbanization, growing disposable income, and the expanding pharmaceutical and cosmetic sectors further fuel demand for container glass.
Moreover, the trend of premium packaging, especially in the cosmetic and personal care sectors, is boosting the use of glass containers for their aesthetic appeal. However, the Latin America Container Glass industry faces challenges such as high energy consumption during glass production, fluctuating raw material costs, and competition from alternative packaging materials like plastics and aluminum pose hurdles. Moreover, the fragile nature of glass and the logistics involved in its transportation present additional challenges for manufacturers in the region.
Key companies in the Latin America Container Glass Market include Owens-Illinois, Inc., one of the largest producers of glass containers globally, and Vitro, S.A.B. de C.V., a major player in Mexico and across Latin America, known for its comprehensive range of glass packaging solutions. Amcor plc is also a significant player, providing advanced packaging solutions, including glass. Other notable companies include Verallia and Saverglass, both of which specialize in premium and sustainable glass packaging, particularly for the beverage and luxury goods sectors. Additionally, some of these players hold majority of the Latin America Container Glass market share. Further, these companies are focusing on expanding their manufacturing capabilities and integrating sustainable practices to meet growing demand for eco-friendly packaging.
Government regulations in the Latin America Container Glass Market are increasingly focused on promoting sustainability and environmental responsibility. Countries like Brazil and Mexico have implemented stringent recycling mandates and packaging waste management policies, encouraging the use of recyclable materials such as glass. Further, these initiatives have further boosted the Latin America Container Glass market revenues. Additionally, these regulations aim to reduce landfill waste and carbon emissions by promoting circular economies and extended producer responsibility (EPR) programs, which require manufacturers to take accountability for the end-of-life disposal of their products. In addition, there are initiatives to reduce energy consumption in glass production and to incentivize the use of renewable energy sources in manufacturing. These regulatory measures are pushing glass manufacturers to adopt eco-friendly production methods and invest in recycling infrastructure.
Looking The future of the Latin America Container Glass Market looks promising, driven by the continued shift toward sustainable packaging and increasing environmental awareness among consumers and industries. Demand for glass containers is expected to rise, particularly in the beverage, pharmaceutical, and cosmetic sectors, where glass’s durability, recyclability, and premium appeal are valued. Innovations in lightweight glass and energy-efficient production technologies will further enhance the market's competitiveness. Additionally, stronger government regulations promoting recycling and the circular economy will create growth opportunities. Despite competition from alternative packaging materials, the growing consumer preference for eco-friendly solutions is likely to solidify the position of container glass in the region’s packaging landscape.
According to Ravi Bhandari, Research Head, 6Wresearch, Brazil stands out as the key performing country in the Latin America Container Glass Market, driven by its large and growing beverage industry, particularly in alcoholic drinks like beer and spirits, which heavily rely on glass packaging. Brazil’s robust industrial base, increasing urbanization, and rising disposable incomes are boosting demand for premium packaging solutions, further supporting the growth of container glass. Additionally, government initiatives promoting recycling and environmental sustainability are encouraging the use of recyclable materials such as glass.
The food and beverages segment is a key driver of growth in the Latin America Container Glass Market, particularly due to the rising demand for glass packaging in the beverage industry. Glass bottles are highly favored for alcoholic drinks such as beer, wine, and spirits, as well as non-alcoholic beverages like juices and soft drinks, due to their ability to preserve flavor, aroma, and quality. The trend toward premiumization in both alcoholic and non-alcoholic drinks further boosts demand for high-quality glass packaging.
The Latin America Container Glass market report provides a detailed analysis of the following market segments-
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Container Glass Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Container Glass Market Revenues & Volume, 2020 & 2030F |
3.3 Latin America Container Glass Market - Industry Life Cycle |
3.4 Latin America Container Glass Market - Porter's Five Forces |
3.5 Latin America Container Glass Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Latin America Container Glass Market Revenues & Volume Share, By Glass Type, 2020 & 2030F |
3.7 Latin America Container Glass Market Revenues & Volume Share, By Forming Method, 2020 & 2030F |
3.8 Latin America Container Glass Market Revenues & Volume Share, By End Use, 2020 & 2030F |
4 Latin America Container Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Container Glass Market Trends |
6 Latin America Container Glass Market, 2020 - 2030 |
6.1 Latin America Container Glass Market, Revenues & Volume, By Glass Type, 2020 - 2030 |
6.2 Latin America Container Glass Market, Revenues & Volume, By Forming Method, 2020 - 2030 |
6.3 Latin America Container Glass Market, Revenues & Volume, By End Use, 2020 - 2030 |
7 Brazil Container Glass Market, 2020 - 2030 |
7.1 Brazil Container Glass Market, Revenues & Volume, By Glass Type, 2020 - 2030 |
7.2 Brazil Container Glass Market, Revenues & Volume, By Forming Method, 2020 - 2030 |
7.3 Brazil Container Glass Market, Revenues & Volume, By End Use, 2020 - 2030 |
8 Mexico Container Glass Market, 2020 - 2030 |
8.1 Mexico Container Glass Market, Revenues & Volume, By Glass Type, 2020 - 2030 |
8.2 Mexico Container Glass Market, Revenues & Volume, By Forming Method, 2020 - 2030 |
8.3 Mexico Container Glass Market, Revenues & Volume, By End Use, 2020 - 2030 |
9 Argentina Container Glass Market, 2020 - 2030 |
9.1 Argentina Container Glass Market, Revenues & Volume, By Glass Type, 2020 - 2030 |
9.2 Argentina Container Glass Market, Revenues & Volume, By Forming Method, 2020 - 2030 |
9.3 Argentina Container Glass Market, Revenues & Volume, By End Use, 2020 - 2030 |
10 Rest of Latin America Container Glass Market, 2020 - 2030 |
10.1 Rest of Latin America Container Glass Market, Revenues & Volume, By Glass Type, 2020 - 2030 |
10.2 Rest of Latin America Container Glass Market, Revenues & Volume, By Forming Method, 2020 - 2030 |
10.3 Rest of Latin America Container Glass Market, Revenues & Volume, By End Use, 2020 - 2030 |
11 Latin America Container Glass Market Key Performance Indicators |
12 Latin America Container Glass Market - Opportunity Assessment |
12.1 Latin America Container Glass Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Latin America Container Glass Market Opportunity Assessment, By Glass Type, 2020 & 2030F |
12.3 Latin America Container Glass Market Opportunity Assessment, By Forming Method, 2020 & 2030F |
12.4 Latin America Container Glass Market Opportunity Assessment, By End Use, 2020 & 2030F |
13 Latin America Container Glass Market - Competitive Landscape |
13.1 Latin America Container Glass Market Revenue Share, By Companies, 2023 |
13.2 Latin America Container Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |