glass bottle and glass container used in the alcohol and non-alcoholic beverage industry. They can maintain chemical inertia, sterility and impermeability. In 2019, the market value of glass bottles and glass containers will be USD 60.91 billion, which is expected to reach USD 77.25 billion in 2025, with a CAGR of 4.13% from 2020 to 2025.
Glass bottle packaging is 100% recyclable, which makes it an ideal choice of packaging materials from an environmental point of view. Recycling 6 tons of glass can directly save 6 tons of resources and reduce 1 ton of CO2 emission.
One of the main factors driving the growth of glass bottle market is the increase of global beer consumption. Beer is one of the alcoholic beverages packaged in glass bottles. It is packed in dark glass bottles to preserve the contents. If these substances are exposed to ultraviolet light, they are easy to deteriorate. In addition, according to the 2019 NBWA industry affairs data, American consumers aged 21 and over consume more than 26.5 gallons of beer and cider per person per year.
In addition, with the increasing prohibition of the government and relevant regulatory agencies on the use of PET bottles and containers for drug packaging and transportation, pet consumption is expected to be hit. This will drive demand for glass bottles and containers during the forecast period. For example, San Francisco Airport has banned the sale of disposable plastic bottled water since August 2019. This policy will apply to all restaurants, cafes and vending machines near the airport. This will enable passengers to carry refillable bottles or buy refillable aluminum or glass bottles at the airport. This situation is expected to stimulate demand for glass bottles.
Post time: Aug-27-2021