United States Container Glass Market Set to Grow on Backs of Rising Consumption of Packaged Beverages

United States Container Glass Market Set to Grow on Backs of Rising Consumption of Packaged Beverages

The United States container glass market is anticipated to witness high growth owing to rising consumption of packaged beverages. Container glass or bottle glass is primarily used for packaging beverages and other consumable products. The increasing demand for alcoholic and non-alcoholic beverages is driving significant growth in the container glass packaging industry in the United States. Glass is a highly sustainable and recyclable packaging material and its use helps reduce the consumption of single-use plastics. The growing environmental consciousness among consumers and emphasis on sustainability is augmenting the demand for glass containers in the country.

Container glass products include glass bottles and jars used for packaging various liquids and foods. They provide an affordable and durable packaging solution that preserves the quality, taste, and freshness of packaged contents. Glass is non-reactive, chemically inert, and helps extend the shelf life of packaged products. It maintains product purity and prevents contamination. The rising consumption of bottled water, carbonated drinks, beer, wine, sauces, jams, and other packaged food items is fueling the growth of the container glass packaging industry.

The Global United States Container Glass Market Size is estimated to be valued at US$ 11.61 Bn in 2024 and is expected to exhibit a CAGR of 3.9% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the United States container glass are Owens-Illinois, Inc. (OI), Ardagh Group, Verallia, Anchor Glass Container Corporation, Vitro Packaging and Among Others. These players account for a significant share of the market. Owens-Illinois is currently the largest container glass manufacturer globally.

The container glass market in the US offers substantial growth opportunities owing to the expanding food and beverage industry. Rapid urbanization, changing lifestyles, and increasing disposable incomes are augmenting the demand for packaged food and drinks. This is creating a huge market potential for glass packaging manufacturers.

Global expansion is a key focus area for leading container glass companies. Companies are expanding their production capacities across high-growth international markets through mergers & acquisitions and greenfield projects. Many established companies have established a strong presence across North America, Europe, Asia Pacific, Latin America, and the Middle East through strategic expansions. This is helping them expand customer base and geographic footprint.

Market Drivers:

- Rising consumption of packaged beverages - The increasing demand for beer, carbonated soft drinks, bottled water, and other packaged beverages is a major market driver. Changing lifestyles and hectic schedules have increased the demand for convenient packaged drinks.

- Emphasis on sustainability - Glass is one of the most sustainable packaging materials. It is fully recyclable and has high recycled content. The growing environmental concerns are favoring the use of glass over single-use plastics.

Market Restrains: 

- Volatility in raw material prices - Fluctuations in the prices of key raw materials like sand, soda ash, and cullet can squeeze the margins of glass manufacturers.

- Shift towards alternative packaging - Rising popularity of flexible plastic pouches for certain beverage categories and aseptic cartons is hindering the container glass market to some extent. However, glass remains the primary choice for premium alcoholic and non-alcoholic beverages.

Segment Analysis 

The United States container glass market is segmented by type into standard glass quality and premium glass quality. The standard glass quality segment dominates the market as it is more economical compared to premium glass quality and fulfills requirements of most end-use industries. The growing demand from food and beverage industry especially beer, carbonated soft drinks and bottled water drives the market for standard glass bottles.

The market is also segmented by application into alcoholic beverages, non-alcoholic beverages, food, chemicals, pharmaceuticals and others. The non-alcoholic beverages application dominates the market owing to growing consumption of carbonated soft drinks, bottled water and packaged juices across the country. Rise in health consciousness is increasing the demand for bottled water which in turn boosts growth of container glass market in United States.

Global Analysis

The Western region dominates the United States container glass market. States like California, Texas and Florida account for major share due to strong presence of manufacturing units of key players and growing food & beverage industry. The food & beverage industry is rapidly expanding in Western region supported by growing population, rising disposable income and changing lifestyle. Furthermore, the Northeast region is fastest growing market for container glass due to increasing consumption of alcoholic beverages especially craft beer. Thus, Western and Northeast regions are expected to remain prominent markets over the forecast period.

What Are The Key Data Covered In This United States Container Glass Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the United States Container Glass's growth between 2024 and 2031.

:- Accurate calculation of the size of the United States Container Glass and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- United States Container Glass Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of United States Container Glass vendors

FAQ’s

Q.1 What are the main factors influencing the United States Container Glass?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top United States Container Glass companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the United States Container Glass’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

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