by The United States container glass market caters to packaging needs for numerous industries including food and beverage, pharmaceuticals, and personal care. Glass is a highly preferred material for packaging liquids, especially beverages owing to its barrier properties and reusability. Properties like transparency, chemical inertness, and high temperature resistance make glass an ideal choice for packaging milk, juices, soda, beer, wine, and other consumable liquids. The ability of glass to preserve freshness and quality of contents over long periods has boosted its popularity in the food and beverage industry.
The 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 market are Owens-Illinois, Inc. (OI), Ardagh Group, Verallia, Anchor Glass Container Corporation, And Vitro Packaging Among Others. Owens-Illinois and Ardagh Group dominate the market with their extensive production facilities and product offerings across various types of glass bottles and jars.
The growing consumption of packaged beverages especially bottled water, beer, wine and other alcoholic drinks is driving substantial demand for glass containers in the country. Rapid urbanization, evolving lifestyles and rising disposable incomes have encouraged on-the-go drinking habits, thereby augmenting the sales of packaged beverages sold in glass bottles.
Major global glass manufacturers are strategizing expansion of their production capacities in the United States to capitalize on the increasing local demand. Joint-ventures and acquisitions are helping companies strengthen distribution networks and enter new geographic markets across the nation. This is positively impacting the overall glass packaging market size in the country.
Market Key Trends
One of the major trends gaining traction in the United States container glass market is increasing popularity of lightweight glass bottles. Glass manufacturers are innovating product designs to reduce the thickness and weight of bottles without compromising on strength and quality. The development of lightweight glass bottles requires less raw material during production and helps lower transportation and storage costs. It also makes recycling and disposal easier. This trend is driven by the growing importance of sustainability and eco-friendliness in glass packaging.
Porter’s Analysis
Threat Of New Entrants: The container glass industry has high manufacturing costs due to economies of scale and regulatory compliances making it difficult for new players to enter the market.
Bargaining Power Of Buyers: The buyers have moderate bargaining power due to the availability of substitutes like plastic, glass has lesser harm for the environment giving an advantage to existing glass producers.
Bargaining Power Of Suppliers: The suppliers of raw materials like sand, soda ash have lower bargaining power due to the availability of many suppliers in the market.
Threat Of New Substitutes: The threat of substitutes is moderate as plastic is used as an alternative to glass for packaging but glass is considered safer for food packaging.
Competitive Rivalry: The competitive rivalry is high due to the presence of global players competing on price, quality, packaging feasibility and sustainability.
Geographical Regions: Around 40% of the container glass market in the United States is concentrated in the Western and Midwestern regions where key producers like Owens Illinois, Ardagh Group, Verallia have their production facilities. The regions have abundance of natural resources and logistics advantage.
The South Central region of the United States is emerging as the fastest growing region for the container glass market driven by demand from food and beverage industry, pharmaceuticals located in states like Texas, Oklahoma, Arkansas taking advantage of shale gas reserves for energy requirements of glass production.
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 Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the United States Container Glass Market 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 Market 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 Market vendors
FAQ’S
Q.1 What are the main factors influencing the United States Container Glass market?
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 Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United States Container Glass market’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?
*Note:
1.Source: CoherentMI, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
