by The United States container glass market comprises glass containers used for packaging products across various industries such as food and beverage, pharmaceuticals, personal care, and others. Glass is a preferred material for packaging due to its durability, chemical resistance, and barrier properties. Glass containers impart moisture and oxygen barrier protection to products during transport and storage. The demand for glass containers is growing in the food and beverage industry for packaging juices, sauces, carbonated drinks, beer, and dairy products. The recyclability and reusability of glass also make it a sustainable packaging material.
The Global United States Container Glass Market Size is estimated to be valued at US$ 11.61 Bn in 2024 and is expected to exhibit a CAGR of 3.9% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the United States container glass market are Owens-Illinois, Inc. (OI), Ardagh Group, Verallia, Anchor Glass Container Corporation, and Vitro Packaging among others. Owens-Illinois is one of the largest manufacturers of glass containers in the United States.
The demand for container glass is growing due to the expansion of the food and beverage industry in the United States. Growing health consciousness among consumers has increased the demand for packaged food and beverages, which is driving the container glass market. The market is also witnessing increased demand from the pharmaceutical industry for packaging tablets, medicines, and other medical products.
The container glass market players are expanding their production facilities globally to cater to the rising demand. Players are focusing on expanding their production capacities in emerging economies of Asia Pacific and Latin America through joint ventures, mergers, and acquisitions. This will help them establish a strong foothold in high growth potential markets.
Market Key Trends
One of the key trends in the United States container glass market is increased preference for recyclable and reusable glass packaging due to rising environmental concerns. Glass is one of the most recycled materials and has a very high recycling rate in the United States. Recycled glass can be melted and reused for new glass containers repeatedly without loss of quality. This gives glass an advantage over alternative packaging materials in terms of sustainability.
Porter’s Analysis
Threat Of New Entrants: Low economies of scale and capital requirements pose barriers to entry.
Bargaining Power Of Buyers: Glass container producers have many buyers but buyers have moderate bargaining power due to substitutes.
Bargaining Power Of Suppliers: Producers depend on raw materials like sand and cullet which are moderately available.
Threat of new substitutes: Plastic bottles growing as a substitute but glass is still preferred for certain products.
Competitive rivalry: Intense competition among existing producers to gain market share.
The United States is currently the largest market for container glass in terms of value. The South Central region within the US accounts for approximately 30% of total container glass demand led by Texas and its large petrochemical industry. However, the Western region is expected to see the fastest growth over the forecast period driven by population increases in states like California, Washington and Colorado.
Geographical Regions:
The South Central region of the United States, comprising states such as Texas, Louisiana, Oklahoma and Arkansas, currently accounts for the largest share of around 30% of the total container glass market in the country in terms of value. This is primarily due to the large petrochemical industry concentrated in Texas, which drives demand for glass packaging from key end-use sectors like food and beverages and chemical processing.
Fastest Growing Region:
The Western region of the United States covering states like California, Washington, Oregon and Colorado is projected to witness the fastest growth in the container glass market during the forecast period from 2024 to 2031. This can be attributed to rising population levels and economic expansion in states such as California, Washington and Colorado that is translating to increased consumption and demand for packaged goods that require glass containers.
What Are The Key Data Covered In This United States Container Glass Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the United States Container Glass’s growth between 2024 and 2031.
:- Accurate calculation of the size of the United States Container Glass and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- United States Container Glass Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of United States Container Glass vendors
FAQ’s
Q.1 What are the main factors influencing the United States Container Glass?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top United States Container Glass companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the United States Container Glass’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
