Report Overview
The North American glass packaging market is expected to grow at a CAGR of 2.98%, reaching a market size of US$19.657 billion in 2029 from US$16.971 billion in 2024.
One of the leading factors for using glass packaging is the rapid growth of the healthcare sector alongside the flourishing circular economy. The United Nations proclaimed 2022 as the International Year of Glass to support a circular economy and contribute to global sustainable development. For instance, Canada and the United States have been undertaking various measures to realize Sustainable goals. In addition, glass has an important role in glass packaging because it’s one of the rare materials that is 100% reusable and infinitely recyclable in a bottle-to-bottle loop without losing any quality.
Furthermore, it is utilized to preserve goods that may undergo different circumstances. The U.S. Food & Drug Administration rated this medium as safe. Many types of containers are made from glass, including, but not limited to, beverages and food, cosmetics, pharmaceuticals, etc. As such, beverage packaging occupies more than half of the glass packaging Industry.
North America Glass Packaging Market Drivers:
- Increasing demand for alcoholic beverages
In the United States, glass items make up a major share of the sales of bottled drinks. Alcoholic spirits, which will be put in containers made of glass, are usually sourced from this type of container, but there have been significant drops in beer use. Due to consumer preference towards all kinds of drinks people still want available to them, sales are expected to grow (food packaging). For instance, Berlin Packaging bought Consolidated Bottle, a hybrid supplier in Canada. Hence, the combined organizations will provide a better range and added value for the increasing demand for these beverages from their customers.
- High demand for glass packaging from the food and beverages industry
A wide range of industries are using more glass packaging due to rising consumer demand for safe and hygienic packaging. With new ways of creating glass packaging, customers want more glass packaging items. The demand for environment-friendly products and growth from the food and drinks sector are among other reasons causing market expansion. Due to durability, recyclability, and the ability to maintain their quality, glass containers have taken a growing share in the food and drinks segment.
- High use of borosilicate glass due to its high durability
Owing to its remarkable durability and outstanding resistance to chemical composition, borosilicate holds a significant market share; it is ten times more robust than soda-lime glass. Due to its ability to withstand various temperature extremes, borosilicate glass is perfect for packaging purposes, especially when it comes to the pharmaceutical industry’s requirement to store medicines at low temperatures. This characteristic promotes its utilization in the food and cosmetics industries.
North America Glass Packaging Market Restraints:
- High maintenance & operational costs
Reducing operating costs and using products that relieve pressure, like tin and plastics, limit the business's ability to grow its market. Some of the most commonly used and versatile materials for food and drink packaging include glass, metal, and plastic, among others. Furthermore, because glass does not emit destructive vapors or gases and can be recycled endlessly, it has more advantages than any other product. Plastic packaging, however, is perfect for uses where weight, cost, or space efficiency are crucial considerations. Utilizing alternatives like aluminium and plastic containers also intensifies competition amongst major players and is the primary source of the market difficulty.
North America Glass Packaging Market Geographical Outlook
- The United States is expected to hold a significant market share in the forecast period.
Growing consumer demand for safer and healthier packaging contributes to expanding glass packaging across various categories. Moreover, end-user preferences lean towards advanced modern technologies that involve some artistic finished designs embossed on glass and shaping techniques used in making and packaging glasses. There has been little change from those suppliers who have lived in these pits ever since. However, occasionally, large companies like Coca-Cola or PepsiCo would like to come back to using glass bottles because of limitations imposed by law from time to time. Additionally, another driving force for the increased growth of the pharmaceutical industry is the US being a world leader regarding innovation and healthcare usage.
North America Glass Packaging Market Key Launches
- In September 2022, Ardagh Glass Packaging, in collaboration with Ste. Michelle Wine Estates replaced the Eco Series glass packaging. The groundbreaking series reduces overall environmental impact, enhances customer appeal, maintains high quality, and provides all of the sustainability benefits of glass.
- In August 2022, to increase its production capacity, supply chain, and logistics for glass vials in the US, Gerresheimer AG plans to invest as much as 94 million USD in a US production company. The project has been funded by the Biomedical Advanced Research and Development Authority (BARDA) under the HHS Office of the ASPR.
The North American Glass Packaging market is segmented and analyzed as follows:
- By Application
- Soft Drinks
- Fruit Drinks
- Pharmaceuticals
- Personal Care
- Alcoholic Drinks
- Others
- By Geography
- United States
- Canada
- Mexico