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Sustainable Glass Bottles: A Dominant Force in Packaging by 2033

The glass bottles market is expected to increase from US$ 40.2 billion in 2023 to US$ 70.2 billion by 2033, at a 5.7% CAGR from 2023 to 2033.

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Sustainable Glass Bottles: A Dominant Force in Packaging by 2033

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  1. Theglass bottles marketis expected to increase from US$ 40.2 billion in 2023 to US$ 70.2 billion by 2033, at a 5.7% CAGR from 2023 to 2033. Glass bottles have been an integral part of our daily lives for centuries. From storing beverages to preserving cosmetics and pharmaceuticals, glass bottles offer a versatile and eco-friendly packaging solution. The Glass Bottles Market is a thriving industry, with a wide range of applications and a growing demand worldwide. In this article, we will delve into the Glass Bottles Market, exploring its growth drivers, emerging trends, and key players. We will also address frequently asked questions about glass bottles and provide insights into the future of this market. Production of glass bottles is witnessing technological advancements for offering sustainability and enhanced customization. This factor is majorly driving the glass bottles market. This applies to pharmaceutical, food & beverages, perfume & fragrance vertical, and likewise. Another advantage is that glass could be easily recycled. Also, it stays chemically inert. Besides, the fact that the trend to look through transparency with respect tofood packagingpersists. The consumers prefer seeing the product through packaging before buying. This is another factor driving the glass bottles market. Request Sample Report @https://www.futuremarketinsights.com/reports/sample/rep-gb-5122 At the same time, the fact that glass is a brittle material can’t be ignored. As such, it needs to be handled with utmost care. Future Market Insights has entailed these facts with insights in its latest market study entitled ‘Glass Bottles Market’. Key Takeaways from Glass Bottles Market TheAsia-Pacificholds the largest market share withAustralia,Japan,India, andChinaleading from the front. This could be credited to the fact that the food and beverages industry is expanding at a good rate in these regions. Plus, countries like Chinas are more into manufacturing pharmaceuticals.South Koreais also expected to come around due to greater demand for beauty products. TheEuropeandNorth Americaare expected to grow at a significant rate in the glass bottles market going forward. This is evident from the fact that Verescence’s 3 glass production sites and 4 decoration locations inNorth AmericaandEuropeproduce 500 Mn bottles every single year.Germanyaccounts for almost 25% ofEurope’smarket share, followed byFrance(12%). Also,Canada, inFebruary 2021, saw launching of the Loop/Reusable/Returnable Packaging platform in conjunction with Loblaw Inc. for rendering waste-free shopping for several household products. Heinz Ketchup (glass) bottle has been made available on the ‘Loop’ mentioned above. Make An Enquiry to Get flat 20% Off on this report:https://www.futuremarketinsights.com/askus/rep-gb-5122 Competitive Landscape • Vitro, inOctober 2021, did announce investment close toUS$ 70 Mnto construct a new- fangled ‘Container’ furnace at Vitro plant based out ofToluca(State of Mexico). The furnace would be providing extra capacity for supporting customers and their requirements regarding glass containers. • Verescence, inNovember 2021, did announce launching Verre Infini 20 (Infinite Glass) that does combine 20% PCR and glass tint for addressing upscale businesses’ visual needs.SpainandFranceare already making the composition. The US began this year andSouth Koreanext year. • Saverglass, inNovember 2021, did open a multi-service warehouse spanning 430,000 square feet inFairfield(California) with the objective of providing alcohol and wine companies quick access to a wide range of the glass bottle services.

  2. • Stoezle Oberglass, inFebruary 2022, completed rebuilding and expanding its flint furnace. It’s an investment worthEUR 22 Mnaimed at making manufacturing site all the more sustainable and efficient with respect to carbon dioxide emissions and energy emissions. It claims to reach close to 270 tons of melted glass on the daily basis. 13% of energy could be saved per ton of glass. Owens-Illinois, inOctober 2021, did announce spendingUS$ 178.8 Mnon its two novel facilities based out ofBrazil. ALPLA Group, inAugust 2021, did announce acquiring Wolf Plastics Group for expanding the product portfolio and expand the presence in Southeastern andCentral Europe. “With consumption of beer increasing worldwide, the global glass bottles market is slated to grow on an astonishing note in the near future”, says an analyst from Future Market Insights. Report Customization available @https://www.futuremarketinsights.com/customization- available/rep-gb-5122 Glass Bottles Market by Category By Grade: • Type I • Type II • Type III By Manufacturing Process: • Blown • Tubing By Capacity: • Up to 50 ml • 51 – 200 ml • 201 – 500 ml • 501 – 1000 ml • 1001 ml & Above By End User: • Food • Beverages • Pharmaceuticals • Personal Care & Cosmetics • Perfume & Fragrances • Chemicals • Others • •

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