The market size of glass bottles and containers is expected to grow from 743.26 billion units in 2023 to 916.09 billion units in 2028, with a compound annual growth rate of 4.27% during the forecast period (2023-2028).
The outbreak of COVID-19 has made the food and beverage industry increasingly need to pay more attention to hygiene and disinfection. Given the current situation, people choose healthy and sustainable lifestyles. Due to the fact that most products in the industry are included in basic services, it is crucial for the packaging industry to follow a conservative approach.
Alcoholic beverages, such as beer, account for the largest portion of the market because glass does not react with the chemicals present in the beverage, thus retaining the aroma, strength, and flavor of these beverages, making them a favorable choice for packaging. Due to this reason, most of the beer volume is transported in glass bottles and is expected to continue during the research period. Glass packaging is 100% recyclable, making it an ideal packaging choice from an environmental perspective. 6 tons of recycled glass directly saves 6 tons of resources and reduces CO2 emissions by 1 ton.
One of the main factors driving market growth is the increase in global beer consumption. Beer is one of the alcoholic beverages packaged in glass bottles. It is packaged in dark glass bottles to preserve its contents and is prone to spoilage when exposed to ultraviolet light.
In addition, consumers are increasingly fond of craft beer brewed locally by small and large breweries. This trend has led glass packaging manufacturers to adjust production and in some cases even shift to other growth areas, such as food and beverage. High quality food and beverage brands prefer glass (container glass) over other packaging options, such as plastic, because glass is chemically inert, non porous, and impermeable.
In February 2021, in collaboration with Lobraw Inc., we launched a reusable/recyclable packaging platform in Canada, bringing waste free shopping to various food and household products. In addition, the iconic Heinz tomato sauce (glass) bottle is available on the Loop. In addition, a recent survey by Kraft Heinz Canada (an online survey of 1521 Canadians conducted from December 9-15, 2020) showed that despite increased costs, Canadians prefer more sustainable choices. Nearly 65% of respondents strive to choose brands with sustainable packaging options.
In the past few years, the transparency of food packaging has shown an upward trend. In addition to the ingredients listed on the label, consumers also hope to see the physical product before purchasing. In order to seize this trend, many companies, especially dairy companies, have started providing their products in transparent glass containers.
The fierce competition from alternative packaging such as plastic and metal is challenging market growth. The gradual progress of plastic packaging solutions poses a threat to the market being studied. This is mainly attributed to the popularity of plastics, such as polyethylene terephthalate (PET), as an alternative to glass bottle forms.
