May 4, 2023

News provided by Share this article Share this article NEW YORK, May 4, 2023 /PRNewswire/ -- The glass market  size is forecasted to increase by USD 99.26 billion from 2022 to 2027. The growth momentum of the market is expected to progress at a CAGR of 5.77%, according to a recent market study by Technavio. The growth of the market will be driven by the increasing consumption of beverages, increasing demand from pharmaceutical packaging, and growing demand from the automotive and construction industries. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report Vendor Analysis Technavio has extensively analyzed 15 major vendors, including AGC Inc., Asahi India Glass Ltd., Cardinal Glass Industries Inc., Central Glass Co. Ltd., China Glass Holdings Ltd., Compagnie de Saint Gobain S.A., DBs Glass and Glazing, Dillmeier Glass Co., Euroglas GmbH, Fuyao Glass Industry Group Co. Ltd., Kibing Group, Koch Industries Inc., Nippon Sheet Glass Co. Ltd., SCHOTT AG, SHEBEI HUAJINDE GLASS CO. LTD., Sisecam, Taiwan Glass Ind. Corp., Toyo Seikan Group Holdings Ltd., Vitro SAB De CV, and Xinyi Glass Holdings Ltd. To provide a deeper understanding of the competitive landscape, Technavio has profiled key players along with the study that categorizes the global market AGC Inc. - The company offers glass such as architectural glass, automotive glass, and display glass. Asahi India Glass Ltd. - The company offers glass products under the brands AIS Clear, AIS Tinted, and AIS Krystal. Cardinal Glass Industries Inc. - The company offers glass products such as insulating, coated, and laminated glass. Key Benefits for Industry Players & Stakeholders – The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology. It also provides detailed analyses of the market's competitive landscape and vendors' product offerings. The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. What's New? Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -  buy the report! Glass Market - Segmentation Overview This report extensively covers market segmentation by type (container glass, flat glass, and others), application (packaging, construction, automotive, electrical and electronics, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The market share growth of the container glass segment will be significant during the forecast period. Glass containers are frequently used in the alcoholic and non-alcoholic beverage industries due to their capacity to retain chemical inertness, sterility, and non-permeability. Essentially, silica and boron trioxide are the two principal components used to create container glass. However, the process of making container glass releases a variety of air-polluting substances, such as sulfur dioxides and nitrogen oxides, and causes a number of health-related diseases. Thus, the container glass segment is expected to witness moderate growth during the forecast period. The report comprises of various segments as well as analysis of the trends and factors that are playing a substantial role in the market, request a sample report Geographic Analysis APAC is estimated to account for 65% of the market growth during the forecast period. Some of the primary reasons for the growth of the market in APAC include gowing urbanization, infrastructure construction, and government incentives and assistance for implementing high energy efficiency solutions, particularly in developing nations. Moreover, Chinese consumers spend a lot of money on high-end interior, wall, and roofing materials. Hence, such factors will influence the growth of the regional market during the forecast period. Glass Market - Market Dynamics The increasing consumption of beverages is a major driving factor for the market growth. The consumption of beverages, such as soft drinks, bottled water, milk, and alcohol, is increasing. Hence, the demand for glass beverage containers is rising. This is a result of rising disposable income, increased living standards, and increased use of single-serve containers. Glass packaging offers improved defense against external environmental elements and aids in maintaining the product's flavor and scent for an extended period of time. The global glass container market will be driven by the proliferation of various package sizes, the introduction of fresh products, and growth in the consumption of healthier beverages, including bottled water, ready-to-drink (RTD) tea, and non-dairy milk substitutes. Hence, such factors will drive the glass market during the forecast period. Significant Trends The increasing use of flat glass in photovoltaic modules and e-glass is an emerging trend in the market. Glass manufacturers in the market actively invest in various energy-efficient solutions to counter the rising energy costs without compromising on the quality of the services provided. The reduction in the prices of solar photovoltaic (PV) modules and the increase in government support for the development of renewable energy drive the demand for glass from the energy industry. Moreover, the demand for glass in solar PV modules has been fueled by factors such as deregulation and the restructuring of power-generating enterprises to reduce greenhouse gas emissions (GHG). Hence, during the forecast period, these factors are anticipated to have a positive effect on market growth. Major Challenges Fluctuations in raw material prices are a major challenge hindering market growth. The major raw materials used in manufacturing glass containers include sand, soda ash, and limestone, and fluctuations in the supply of these raw materials significantly affect their prices. The high demand for a specific raw material also leads to an increase in its price. Additionally, soda ash is one of the major raw materials in glass manufacturing, and it accounts for more than 50% of the total cost, and the price of soda ash has been continuously rising since January 2018. Hence, such trends will influence the growth of the market during the forecast period. What are the key data covered in this glass market report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the glass market between 2023 and 2027 Precise estimation of the size of the glass market and its contribution to the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the glass market across APAC, Europe, North America, Middle East and Africa, and South America A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of Glass Market vendors Gain instant access to 17,000+ market research reports. Related Reports: The bioactive glass market size is estimated to grow at a CAGR of 16.98% between 2022 and 2027. The market size is forecasted to increase by USD 970.22 million. This bioactive glass market report extensively covers market segmentation by product (silicate-based glass, phosphate-based glass, and borate-based glass), application (medical, dentistry, cosmetics, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). High demand for dental care and cosmetic dentistry is notably driving the bioactive glass market growth. The glass packaging market is estimated to grow at a CAGR of 4.05% between 2022 and 2027. The size of the market is forecasted to increase by USD 14,102.52 million. This report extensively covers market segmentation by type (borosilicate glass, soda lime glass, and de-alkalized soda lime glass), end-user (food and beverage, personal care, pharmaceutical, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). One of the key factors driving the market growth is the increasing demand for pharmaceutical packaging. Glass Market Scope Key companies profiled AGC Inc., Asahi India Glass Ltd., Cardinal Glass Industries Inc., Central Glass Co. Ltd., China Glass Holdings Ltd., Compagnie de Saint Gobain S.A., DBs Glass and Glazing, Dillmeier Glass Co., Euroglas GmbH, Fuyao Glass Industry Group Co. Ltd., Kibing Group, Koch Industries Inc., Nippon Sheet Glass Co. Ltd., SCHOTT AG, SHEBEI HUAJINDE GLASS CO. LTD., Sisecam, Taiwan Glass Ind. Corp., Toyo Seikan Group Holdings Ltd., Vitro SAB De CV, and Xinyi Glass Holdings Ltd. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Browse for Technavio's Industrials  Market Reports Table of Contents: Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size Exhibit 18: Historic Market Size – Data Table on Global glass market 2017 - 2021 ($ billion) 4.2 Type Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion) 4.3 Application Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion) 4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion) 4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Type 6.3 Container glass - Market size and forecast 2022-2027 Exhibit 34: Chart on Container glass - Market size and forecast 2022-2027 ($ billion) Exhibit 35: Data Table on Container glass - Market size and forecast 2022-2027 ($ billion) Exhibit 36: Chart on Container glass - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Container glass - Year-over-year growth 2022-2027 (%) 6.4 Flat glass - Market size and forecast 2022-2027 Exhibit 38: Chart on Flat glass - Market size and forecast 2022-2027 ($ billion) Exhibit 39: Data Table on Flat glass - Market size and forecast 2022-2027 ($ billion) Exhibit 40: Chart on Flat glass - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Flat glass - Year-over-year growth 2022-2027 (%) 6.5 Others - Market size and forecast 2022-2027 Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%) 6.6 Market opportunity by Type Exhibit 46: Market opportunity by Type ($ billion) 7 Market Segmentation by Application 7.1 Market segments Exhibit 50: Data Table on Comparison by Application 7.3 Packaging - Market size and forecast 2022-2027 Exhibit 51: Chart on Packaging - Market size and forecast 2022-2027 ($ billion) Exhibit 52: Data Table on Packaging - Market size and forecast 2022-2027 ($ billion) Exhibit 53: Chart on Packaging - Year-over-year growth 2022-2027 (%) Exhibit 54: Data Table on Packaging - Year-over-year growth 2022-2027 (%) 7.4 Construction - Market size and forecast 2022-2027 Exhibit 55: Chart on Construction - Market size and forecast 2022-2027 ($ billion) Exhibit 56: Data Table on Construction - Market size and forecast 2022-2027 ($ billion) Exhibit 57: Chart on Construction - Year-over-year growth 2022-2027 (%) Exhibit 58: Data Table on Construction - Year-over-year growth 2022-2027 (%) 7.5 Automotive - Market size and forecast 2022-2027 Exhibit 59: Chart on Automotive - Market size and forecast 2022-2027 ($ billion) Exhibit 60: Data Table on Automotive - Market size and forecast 2022-2027 ($ billion) Exhibit 61: Chart on Automotive - Year-over-year growth 2022-2027 (%) Exhibit 62: Data Table on Automotive - Year-over-year growth 2022-2027 (%) 7.6 Electrical and electronics - Market size and forecast 2022-2027 Exhibit 63: Chart on Electrical and electronics - Market size and forecast 2022-2027 ($ billion) Exhibit 64: Data Table on Electrical and electronics - Market size and forecast 2022-2027 ($ billion) Exhibit 65: Chart on Electrical and electronics - Year-over-year growth 2022-2027 (%) Exhibit 66: Data Table on Electrical and electronics - Year-over-year growth 2022-2027 (%) 7.7 Others - Market size and forecast 2022-2027 Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%) Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%) 7.8 Market opportunity by Application Exhibit 71: Market opportunity by Application ($ billion) 8 Customer Landscape Exhibit 76: Data Table on Geographic comparison 9.3 APAC - Market size and forecast 2022-2027 Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027 Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 North America - Market size and forecast 2022-2027 Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.6 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.7 South America - Market size and forecast 2022-2027 Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.8 China - Market size and forecast 2022-2027 Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion) Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion) Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%) 9.9 India - Market size and forecast 2022-2027 Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ billion) Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ billion) Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%) 9.10 US - Market size and forecast 2022-2027 Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ billion) Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ billion) Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%) 9.11 Japan - Market size and forecast 2022-2027 Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ billion) Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ billion) Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%) Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%) 9.12 UK - Market size and forecast 2022-2027 Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ billion) Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ billion) Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography Exhibit 117: Market opportunity by geography ($ billion) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact