The global glass liquor bottles market is estimated to create an incremental opportunity of more than US$ 6 Bn by the end of 2032. The sales of glass liquor bottles are expected to total US$ 4 Bn by 2022, exhibiting growth at a CAGR of 4% to 5% during the forecast period 2022-2032. Rapidly expanding liquor industry and increasing adoption of premium packaging solutions, owing to the surging trend of premiumization across the industry is projected to boost the demand for glass liquor bottles in the global market.
Global demand for glass liquor bottles is expected to increase due to the rapidly growing alcohol business and rising use of premium packaging options as a result of the sector’s escalating premiumization trend. Compared to alternative packaging materials like plastic and metal, glass liquor bottles have more sheen, making them more attractive on store shelves and attracting buyers’ attention.
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Some of the leading players in the global glass liquor bottles market are
- Ardagh Group,
- SKS Botlle & Packaging, Inc.,
- The Cary Company,
- United Bottles & Packaging,
- Saxco International,
- Hiking Glass,
- Rockwood & Hines Group.
Prominent manufacturers in the global market are focusing at launching glass bottles with innovative designs to gain edge in the highly competitive market.
Which are Some Prominent Drivers Spearheading Glass Liquor Bottles Market Growth?
Rising shift of customer preference from plastics-based packaging and increasing inclination towards adopting sustainable packaging materials across the beverage industry is propelling the demand for glass bottles, owing to their recyclability and bio-degradability.
Also, with increasing disposable income and growing customer spending on leisure activities, a significant rise in the alcohol-consuming population and sales of alcoholic beverages such as beer, wine, whiskey, rum, and other distilled liquor is being witnessed across the globe. This is creating strong demand for glass bottle packaging.
For instance, according to a study by the Pan American Health Organization, around 155 million adults across the U.S. consume alcohol on the regular basis. The study also states that annual per capita alcohol consumption among the population above 15 years of age was 8.0 liters in 2020.
What Role Does Asia Pacific Outside of Japan Play in the Market Development of Glass Liquor Bottles?
According to FMI, the market for glass liquor bottles is expected to rise at a strong CAGR in Asia Pacific, excluding Japan, between 2022 and 2032.
A significant increase in the consumption of alcoholic beverages is being seen in countries like India, China, Australia, and others as the trend of leisure activities, partying, and celebrating special occasions like birthdays, anniversaries, weddings, and others with alcoholic beverages has soared across Asia Pacific.
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What are the Challenges Faced by the Glass Liquor Bottles Market?
Increasing awareness regarding adverse effects of alcohol consumption such as stroke, cancer, dementia, liver diseases, fibrosis, and alcoholic hepatitis among others has resulted in declining the consumption of alcoholic beverages, which is in turn, hindering the sales in the market.
In addition to this, extravagant cost of glass bottles, high risk of breakage during transit, prone to sunlight, and availability of low-cost substitutes such as metal, plastics, and others are anticipated to hamper the demand for glass liquor bottles in the market.
Key Segments Profiled in the Glass Liquor Bottles Market Survey
By Glass Type:
- Clear Glass
- Cosmetic Flint Glass
- Flint Glass
- Super Flint Glass
- Up to 180 ml
- 180 ml – 500 ml
- 500 ml – 750 ml
- 750 ml and Above