Market Forecast by Countries (United States, Canada), 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: ETC405104 | Publication Date: Aug 2022 | Updated Date: Jun 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Container Glass Marketย |
Forecast period | 2024-2030 |
CAGR | 9.2% |
Growing Sector | Food & Beverage |
North America Container Glass Market report thoroughly covers the market by countries, glass type, forming method, and end use. The market report provides an unbiased and detailed analysis of the ongoing 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.
North America container glass market is a rapidly growing industry, driven by the increasing demand for sustainable packaging solutions. Container glass refers to glass products such as bottles and jars that are used for storing food and beverages, cosmetics, pharmaceuticals, and other goods. The market in North America is primarily dominated by the United States and Canada, with these countries accounting for the majority of production and consumption.
According to 6Wresearch, North America Container Glass Market size is expected to grow at a significant CAGR of 9.2% during 2024-2030. The growth of the North America container glass market can be attributed to several factors. Firstly, the increasing demand for sustainable packaging solutions has led to a rise in the use of container glass. With growing environmental consciousness among consumers, there is a shift towards eco-friendly packaging materials. Container glass, being 100% recyclable and reusable, is a preferred choice for many businesses.
Secondly, the rise in disposable income and changing lifestyle patterns have resulted in an increased consumption of packaged goods, thereby driving the demand for container glass. Additionally, the growing demand for premium alcoholic beverages and specialty food products has further boosted the market growth.
Despite the growth opportunities, the North America container glass market faces some challenges. The high cost of raw materials, such as sand and soda ash, can significantly impact the profit margins of manufacturers. Moreover, fluctuations in energy prices also affect production costs. Another significant challenge for the market is the growing competition from alternative packaging materials, such as plastic and aluminum. These materials offer advantages like lower production costs and lighter weight, making them a preferred choice for some industries.
The North America container glass market is highly competitive with several key players vying for a larger market share. Some of the major players in the market include Owens Illinois Inc., Ardagh Group, Saint-Gobain S.A., and Vitro, S.A.B. de C.V
The North America container glass market has been steadily growing in recent years due to various government initiatives that have helped to drive industry growth. These initiatives have been aimed at promoting sustainability and reducing the environmental impact of glass production. One of the key initiatives is the implementation of strict regulations on energy consumption and emissions from glass manufacturing plants. In order to comply with these regulations, companies have had to invest in new technologies and processes that are more eco-friendly. This has not only reduced the carbon footprint of the industry, but also helped to reduce production costs in the long run.
In addition, governments in North America have also introduced incentives and subsidies for companies that invest in sustainable practices. This has encouraged glass manufacturers to adopt more efficient and environmentally friendly methods of production, ultimately leading to a more competitive market.
The North America container glass market has seen significant growth in recent years due to factors like increasing consumer demand and technological advancements. While challenges like competition from alternative materials and high production costs exist, strategic initiatives by major players and growing demand for sustainable packaging solutions are expected to drive the market forward in the coming years.
According to Ravi Bhandari, Research Head, 6Wresearch,ย the United States dominates the container glass market due to its strong presence of key players like Owens-Illinois Inc., Ardagh Group, Vitro S.A.B. de C.V., Anchor Glass Container Corporation, and Verallia North America. The country is also a major producer and exporter of container glass to other regions, further boosting its market dominance.
Based on end use, the food & beverages segment is dominating the North America container glass market. This can be attributed to the high demand for glass packaging in the food and beverage industry due to its ability to preserve and protect the contents without altering their taste or quality.
The report offers a comprehensive study of the subsequent 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 North America Container Glass Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Container Glass Market Revenues & Volume, 2020 & 2030F |
3.3 North America Container Glass Market - Industry Life Cycle |
3.4 North America Container Glass Market - Porter's Five Forces |
3.5 North America Container Glass Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Container Glass Market Revenues & Volume Share, By Glass Type, 2020 & 2030F |
3.7 North America Container Glass Market Revenues & Volume Share, By Forming Method, 2020 & 2030F |
3.8 North America Container Glass Market Revenues & Volume Share, By End Use, 2020 & 2030F |
4 North America Container Glass Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Container Glass Market Trends |
6 North America Container Glass Market, 2020 - 2030 |
6.1 North America Container Glass Market, Revenues & Volume, By Glass Type, 2020 - 2030 |
6.2 North America Container Glass Market, Revenues & Volume, By Forming Method, 2020 - 2030 |
6.3 North America Container Glass Market, Revenues & Volume, By End Use, 2020 - 2030 |
7 United States Container Glass Market, 2020 - 2030 |
7.1 United States Container Glass Market, Revenues & Volume, By Glass Type, 2020 - 2030 |
7.2 United States Container Glass Market, Revenues & Volume, By Forming Method, 2020 - 2030 |
7.3 United States Container Glass Market, Revenues & Volume, By End Use, 2020 - 2030 |
8 Canada Container Glass Market, 2020 - 2030 |
8.1 Canada Container Glass Market, Revenues & Volume, By Glass Type, 2020 - 2030 |
8.2 Canada Container Glass Market, Revenues & Volume, By Forming Method, 2020 - 2030 |
8.3 Canada Container Glass Market, Revenues & Volume, By End Use, 2020 - 2030 |
9 North America Container Glass Market Key Performance Indicators |
10 North America Container Glass Market - Opportunity Assessment |
10.1 North America Container Glass Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Container Glass Market Opportunity Assessment, By Glass Type, 2020 & 2030F |
10.3 North America Container Glass Market Opportunity Assessment, By Forming Method, 2020 & 2030F |
10.4 North America Container Glass Market Opportunity Assessment, By End Use, 2020 & 2030F |
11 North America Container Glass Market - Competitive Landscape |
11.1 North America Container Glass Market Revenue Share, By Companies, 2023 |
11.2 North America Container Glass Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |