Glass packaging is widely popular owing to its reusability and neutral reacting ability. It is widely incorporated in packaging of food & beverages and pharmaceuticals. It helps to avoid contamination and increase shelf life of products.
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The North America glass packaging market is driven by high consumption patterns associated with beer. Beers are generally stored in dark glass bottles to avoid spoilage. The consumers in North America generally prefer beer over other alcoholic beverages. Increasing population, high living standards and supportive government policies will influence the beer market of North America in future and this will subsequently propel the glass packaging market. Another factor driving the growth of North America glass packaging market is rising demand from pharmaceutical industry. According to European Federation of Pharmaceutical Industries and Associations (EFPIA), North America captured nearly half of global pharmaceutical market share accounting for 48.1% in 2017. High government expenditures and technological advancements will bolster the pharmaceutical industry of North America in upcoming years. Such trends will augment the market growth during the forecast time span.
The North America glass packaging market has been segmented on the basis of product, application and country. The different types of products are de-alkalized soda lime, borosilicate and soda lime. Soda lime glass packaging captured significant market share in 2018 and will continue to grow at higher rates between 2019 to 2024. Based on application, the market is classified into beer, food & beverages, alcoholic beverages, pharmaceuticals and others. Among these, beer segment captured significant share followed by food & beverage segment. Alcoholic beverages segment will grow at high rate due to high per capita alcohol consumption in this region within the forecast period.
Some of the major players in the North America glass packaging market are Ardagh Group, Owens-Illinois, Inc., Saint Gobain, Schott Pharmaceutical Packaging Inc. and others.