Glass liquor bottles find applications across various sectors, including beer, wine, spirits, and ciders. As of 2024, beer manufacturing is the largest consumer of these bottles, accounting for 39.2% of the market share.
NEWARK, DE / ACCESSWIRE / August 27, 2024 / The global glass liquor bottle market is growing rapidly, with a value of USD 5.2 billion in 2023 and an expected 3.4% CAGR growth from USD 5.4 billion in 2024 to USD 7.5 billion in 2034. This growth is driven by the premiumization of alcoholic spirits, a growing demand for eco-friendly packaging, and the popularity of craft distilleries and premium spirit brands.
Glass bottles are preferred over plastic and metal packaging due to their inert nature, recyclability, and lower environmental impact. They are also used in various industries, including food and beverage, pharmaceuticals, and gourmet edibles.
The aesthetic appeal and protective qualities of glass make it a popular choice for high-end products, as it ensures the authenticity of the product and its quality. Regulatory pressures and societal focus on reducing plastic waste are also driving the adoption of glass packaging.
The packaging industry is shifting towards sustainability and environmental accountability to meet customer demands. Brands are investing in environmentally friendly glass bottles, focusing on lightweight models and using recycled glass, known as cullet, to reduce carbon emissions.
However, the manufacturing process and sourcing of raw materials contribute to environmental degradation, raising concerns about the industry's future. The increased scrutiny from environmental bodies and regulatory forces may hinder market growth.
Browse Full Report Here: https://www.futuremarketinsights.com/reports/glass-liquor-bottles-market
Key Takeaways from the Market Study
Glass liquor bottles made from grade II dominate the global market with a share of 45.6% in 2024.
Based on the end use, the beer segment leads the glass liquor bottle market with a share of 39.2% in 2024.
The glass liquor bottle market in India is anticipated to grow at a CAGR of 4.9% through 2034.
The glass liquor bottle market in China is estimated to rise at a 4.4% CAGR through 2034.
The glass liquor bottle market in France has the potential to increase at 2.6% CAGR through 2034.
The United States glass liquor bottle market is predicted to rise by 2.9% CAGR through 2034.
The glass liquor bottle market in the United Kingdom is very likely to grow at a CAGR of 2.4% through 2034.
"To stand out in the glass liquor bottle market, companies should focus on innovation, sustainability, and customization. Investing in advanced manufacturing technologies, such as lightweighting and digital printing, can enhance product appeal and reduce costs. Offering customizable bottle designs and unique shapes can help brands differentiate their products", Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Competitive Landscape
There is fierce rivalry in the glass liquor bottle business. Leading manufacturers of alcoholic beverages have partnerships with international businesses. Conversely, tier two businesses function as artisanal liquor producers. Large industry players with a large customer base include Ardagh Group, Verallia, Vidrala, AGI Glaspac, and Owens-Illinois (O-I). Their emphasis on sustainable solutions and global accessibility have enabled them to draw in a sizable clientele.
In an effort to attract customers, some companies often work with artists to create limited-edition bottles and containers. Some businesses recycle old glass liquor bottles as part of their operations. This sector has benefited greatly from the upcycling movement.
Top Key Players in the Liquor Bottle Industry
Owens-Illinois (O-I)
Ardagh Group
Verallia
Vidrala
AGI Glaspac
Nihon Yamamura Glass
Consol Glass
Piramal Glass
Wiegand-Glas
Saint-Gobain
Recent Developments:
To supply locally manufactured glass beer bottles, Ardagh Glass Packaging-North America teamed up with Stevens Point Brewery in March 2024.
New 16 oz Boston Round glass beverage bottles were introduced by Ardagh Glass Packaging-North America in November 2023 on the BuyOurBottles website. Craft brewers and beverage companies may purchase these recyclable, American-made amber and flint glass bottles.
Key Segments of Market Report
By Grade:
By grade, the market is divided into:
Type I,
Type II,
Type III
glass bottles.
By Manufacturing Process:
In terms of manufacturing process, the market includes:
blown methods.
tubing methods.
By Capacity:
When segmented by capacity, the categories are:
up to 50 ml,
51-200 ml,
201-500 ml,
501-1000 ml,
1001 ml
above.
By End Use:
By end use, the market is categorized into:
beer,
wine,
spirits,
others (including ciders and flavored alcoholic beverages).
By Region:
The sector has been analyzed with the following regions covered:
North America,
Latin America,
Europe,
South Asia & Pacific,
East Asia,
the Middle East
Africa.
Author by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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