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Market Overview:
The United States container glass market features glass bottles and jars primarily used for packaging food and beverages. Glass is a highly sustainable packaging material as it can be recycled endlessly without loss of quality. Glass packaging protects product freshness and quality while also allowing visibility of contents. The containers are produced through automated processes and come in various colors and shapes as per brand needs.
The United States Container Glass Market Size Is Estimated To Be Valued At US$ 11.61 Billion In 2024 And Is Expected To Exhibit A CAGR Of 3.9% Over The Forecast Period 2024 To 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, Ardagh Glass Packaging. Key players are investing in expanding recycling infrastructure to increase use of recycled glass content in new containers.
Growing demand for sustainable packaging from major brands is driving the market. Food and beverage companies are increasingly preferring glass as it demonstrates their commitment to the environment. Further, changes in consumption patterns resulting from the pandemic have boosted demand for glass jars for home preservation and cooking.
The container glass market is expanding globally with companies setting up new plants worldwide. United States manufacturers are well positioned to meet the rising international demand through exports of their glass products and technologies. Strategic collaborations allow companies to accelerate global market penetration.
Market Key Trends
Sustainability is a key trend shaping the container glass industry. Recycled glass reduces carbon footprint and utilization of virgin raw materials. Major players are boosting recycled content levels in their containers. For example, Owens-Illinois has pledged that all its USA food and beverage glass bottles will contain at least 35% recycled glass by 2025. This will significantly lower environmental impact of glass packaging.
Porter’s Analysis
Threat Of New Entrants: The United States container glass market is dominated by a few established players making it difficult for new entrants due to requirement of large investments.
Bargaining Power Of Buyers: Buyers have low bargaining power due to lack of substitutes and dependence on established brands for quality products.
Bargaining Power Of Suppliers: The suppliers of raw materials like limestone, soda ash and cullet have significant influence on pricing due to availability of few manufacturers supplying bulk of raw materials.
Threat Of New Substitutes: Alternative packaging materials like aluminum and plastic pose threat to container glass market, however glass remains preferred for premium food and beverage products.
Competitive Rivalry: Intense competition exists among key players to increase market share and product portfolio through expansions, acquisitions and new product developments.
The United States represents one of the largest markets for container glass in terms of value. Three regions namely, the Midwest, West and South account for bulk of the demand. Texas and California generate significant value owing to large population size and industrial activity in the states.
The container glass market in South region of United States is witnessing fastest value growth during the forecast period supported by establishment of new production facilities to cater growing demand from food and beverage industry across states like Florida, North Carolina and South Carolina attracting major F&B companies.
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 behavior
;- 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:
- Source: CoherentMI, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
