North America Glass packaging Market

North America Glass Packaging Market Size-(2023-2028)

North America Glass Packaging industry is set to become a $44 billion industry by the end of 2028, witnessing a growth rate of 4.5% in this period. The rapid expansion of the packaging sector and increased demand for glass technology has been the major driving factor.

Drivers and Restraints of the North America Glass Packaging Market:

The need for an efficient process and durable glass packaging has been a driving factor for this industry. Almost every manufacturing industry requires different glass packaging techniques on the packaging of their products. The demand for improved aesthetics has spiked and industries are investing to keep up with the requirements in the market. Environment-friendly glass packaging is also the demand of the hour with the world focusing shifting towards nature-friendly consumption. This has led to advancement in technology and thus improvements in the industry. These glass packaging can also be used to perform waterproofing operations that add more to the industry’s portfolio.
The growth of the beverage industry has spiked the demand in the past few years. Beverage packaging is mostly done with the help of glass. This has resulted in the growth of the packaging sector in North America.  

Despite various environmental benefits of glass packaging, plastic as a material is still preferred over glass because of its low cost and more importantly longevity of the materials. Engineered plastic is used in various industries and outnumbers glass packaging products. This is a major impeding factor for the growth of the glass packaging industry in North America.

Market Segmentation:

North America Glass Packaging Market Based on the Product

• Borosilicate

• De-Alkalized Soda Lime

• Soda Lime

North America Glass Packaging Market On the Basis of the Application

• Alcoholic Beverages

• Food & Beverages

• Pharmaceutical

• Beer

The beverage industry has proliferated in the North American region; manufacturers are always looking to expand their business operations and improving their product portfolio. Alcoholic beverage demand is burgeoning, and it required glass packaging thus boosting the industry. Another aspect for which glass is popular because of its inactivity towards other chemicals, hence it is extensively used in the laboratory packaging industry.

The protective glass packaging market is expected to grow at a notable CAGR over the outlook period. This segment has a vast application in industries like medical, industrial packaging, etc., which depend on this glass for their functioning. The chemical industry also has a wide range of implications of glass packaging, primarily because of the inertness of glass over other materials.

Geographical Overview and Regional Presence:

The United States is the second-largest producer of paints and glass packaging in the world after China. Infrastructure in the US and North American region has grown tremendously over the past few years and the USA has stepped in to meet the local demands as well as global demands.

Recent Developments

• In 2020, Owen-Illinois lauded glass as the ‘Packaging choice of the future’, enhancing the importance of the glass packaging sector worldwide.

• Masco Corporation announced the sale completion of Masco Cabinetry to ACProducts in a deal worth $850 Million and a liquidation preference of $150 Million to the buyer.

Major Key Players:

• The Sherwin-Williams Company

• Owen-Illinois, Inc.

• Amcor Limited.

•  RPM International Inc.

Impact of COVID-19 on the North America Glass Packaging Market:

COVID-19 has exposed severe challenges for the Glass Packaging market by impacting operations in its end-users. The USA of North America has been deeply affected because of the coronavirus pandemic and resulted in a slowdown of manufacturing industries, but unsurprisingly, the glass manufacturing industry as well as the glass packaging industry in the North American region has gone up and is doing very well. The demand for packaging has increased during the pandemic, and bioplastics and glass have been very high in demand. In the medical sector, glass is extensively used for various purposes, and thus highest demand has been witnessed from this industry.