Summary

The United States Glass Packaging Market is anticipated to register a CAGR of 3.8% over the forecast period (2021 - 2026). Glass packaging has been considered an essential industry during the COVID-19 pandemic. There has been an increased demand for glass packaging products from multiple sectors, including food and beverage, along with the pharmaceutical sector, as the COVID-19 pandemic resulted in a greater demand for medicine bottles, food jars, and beverage bottles.

Key Highlights
Glass has been one of the most preferred materials for packaging food, beverages, pharmaceuticals, personal care products, and others. Properties like excellent barrier properties, sterility, and reusability make it a superior packaging material. The other major advantage of glass packaging is that it can be molded into various shapes and sizes, facilitating its usage across different industry verticals.
There has been an increasing trend of transparency in food packaging over the past few years. Going beyond the listed ingredients on the label, consumers also want to see the physical product before purchase. In order to capture this trend, many companies, especially dairy product companies, have started offering their products in transparent glass containers.
Brands have long sought ways to enhance their products’ shelf appeal, an area where glass is particularly well suited and is also experiencing popularity among consumers. For instance, in Jun 2020, Supernatural, the extrasensory home care brand focused on having the smallest carbon footprint in the industry, has launched hand sanitizer in a glass bottle. The glass protects the product from toxicity when exposed to heat, unlike plastic, and also eliminates single-use plastic waste caused by traditional hand sanitizers.
The United States is one of the strongest packaging markets worldwide and consists of many key players producing glass packaging for food and beverage, personal care, and pharmaceutical products, among others. As the economy continuously grows, the increasing consumer spending on food and beverages and personal care products is driving the demand for glass packaging solutions.
In addition, as consumers, legislators, customers, and the media are continuously focusing on the environmental characteristics of packaging, and Glass is the primary choice, which is also expected to fuel the growth of glass packaging in the United States. According to a new study by IBM and the National Retail Federation, nearly 70% of consumers in the United States and Canada think it is essential that a brand is sustainable or eco-friendly.


Key Market Trends

Glass Bottles is Expected to Witness Significant Growth


Glass bottles are majorly being used in the alcoholic and non-alcoholic beverage industry due to their ability to maintain chemical inertness, sterility, and non-permeability. Alcoholic drinks, like beer, accounted for one of the largest segments of the market, as glass does not react with the chemicals present in drinks and, therefore, preserves the aroma, strength, and flavor of these beverages, making it a favorable option for packaging. Due to this reason, a majority of the beer volume is transported in glass bottles, and this trend is expected to continue over the study period.
Moreover, glass packaging is also the most dominant form of packaging wine. The properties of glass are well suited to the nature of wine, which is not matched by plastic or even metals. According to the International Organisation of Vine and Wine (OIV), the United States consumes the most significant volume of wine than any country,
In February 2020, Ardagh Group Glass North America announced a long-term supply agreement with Copper Cane Wines & Provisions to manufacture all its 750ml wine bottles in the United States., beginning with its Vintage Series. This partnership connects Napa Valley’s Copper Cane Wines & Provisions with Ardagh’s Madera, California, glass manufacturing facility, helping to keep the winery’s promise to stay local and sustainable by reducing its environmental footprint.
Companies are also making strategic partnerships to roll out their reuse process. For instance, Owens-Illinois (O-I) partnered with Oregon Beverage Recycling Cooperative (OBRC) to give the charge for refillable bottles in the United States. OBRC is the entity that operates for picking up and processing approximately all the containers redeemed in the country.


Healthcare Segment is Expected to Witness Significant Growth


The introduction of stringent laws to enhance the quality and integrity of domestically manufactured drugs is leading to an increase in the use of glass for pharmaceutical packaging products. Additionally, the increasing demand for sterile medical packaging products from the pharmaceutical industries would further drive the growth of the market studied over the forecast period.
For instance, Corning Incorporated announced that an allied pharmaceutical manufacturer got FDA approval of Corning Valor Glass to be deployed as the primary package for a marketed drug product. This approval made Valor Glass the first new glass composition to be approved by the FDA after borosilicate glass. Such innovative glass packaging solution has been designed to enable superior chemical durability and improved resistance from breakage, damage, and particulate contamination.
With the rapid production of the Covid-19 vaccines by companies such as Pfizer, Johnson, and Johnson, among others, the demand for packaging of such vaccines has risen lately. Glass is being used in making vials, playing an essential role in storing the Covid-19 vaccines due to its low reactiveness.
Moreover, In Mar 2021, Corning Incorporated announced that it would receive USD 57 million in additional funding from the Biomedical Advanced Research and Development Authority (BARDA). Under the agreement, Corning will increase the domestic manufacturing capacity of pharmaceutical glass tubing and vials to support the mass vaccination effort critical to ending the pandemic. Such initiatives by the government have contributed to the growth of the market.


Competitive Landscape

The United States Glass Packaging Market is significantly competitive and moderately concentrated, owing to the presence of multiple domestic and international players operating in the country. The players have been adopting strategies such as product innovation, mergers, and acquisitions to expand their market share. Some of the prominent vendors in the market are Owens Illinois Inc., Gerresheimer AG, Ardagh Group, among others.


September 2020 - Owens-Illinois launched an innovation, O-I: EXPRESSIONS, in order to transform glass bottle design through the usage of digital printing and will offer customization and personalization by sculpting glass bottles into multi-dimensional works of art.
January 2020 - Ardagh Group, Glass - North America, a business unit of the company and the largest domestic manufacturer of glass bottles for the US wine market, introduced six new sophisticated glass wine bottle designs.


Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

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