NEW YORK, Feb. 20, 2024 /PRNewswire/ — The glass manufacturing market is expected to grow by USD 58.31 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 6.04% during the forecast period. The packaging segment is estimated to witness significant growth during the forecast period. The demand for glass packaging solutions is driven by the growing need for processed and packaged foods and beverages in the food and beverage industry. View Free PDF Sample Report.
Technavio has announced its latest market research report titled Global Glass Manufacturing Market 2023-2027
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Market Report Coverage |
Details |
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Page number |
167 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.04% |
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Market growth 2023-2027 |
USD 58.31 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.68 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 47% |
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Key countries |
US, China, India, Germany, and France |
The market is segmented by Application (Packaging, Construction, Electrical and electronics, Transportation, and Others), Product (Container glass, Flat glass, Fiberglass, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).
The rise in sales of electronic display units is a key factor driving market growth. The market for glass manufacturing is being propelled by the surge in sales of electronic display units like smartphones, tablets, and TVs. The displays used in these devices are made of glass, and the growing demand for electronics will further drive the need for glass products. Additionally, the demand for high-quality displays in electrical devices is expected to increase as a result of the widespread adoption of technological advancements such as 5G, artificial intelligence, and virtual reality.
The report recognizes the following as some of the key players in the glass manufacturing market: AGC Inc., BG Container Glass Public Co. Ltd., Bormioli Luigi S.p.A., Central Glass Co. Ltd., Compagnie de Saint Gobain, Corning Inc., Euroglas GmbH, Fuyao Glass Industry Group Co. Ltd., Glaston Oyj Abp, Jinjing Group Co. Ltd., KCC Glass Co. Ltd., Koch Industries Inc., Nathan Allan Glass Studios Inc., Nippon Sheet Glass Co. Ltd., Owens Corning, SCHOTT AG, Taiwan Glass Ind. Corp., TURKIYE SISE VE CAM FABRIKALARI A.S., Vitro SAB De CV, and Xinyi Glass Holdings Ltd.
Glass Manufacturing Market is fragmented in nature.
Market to observe 5.68% YOY growth in 2023.
Investment in new glass manufacturing facilities is a major trend in the market. Volatility of prices of raw materials is a significant challenge hindering the market growth. Explore detailed information by purchasing a report.
Related Reports:
The glass bottles and containers market size is estimated to grow at a CAGR of 4.07% between 2022 and 2027. The market size is forecast to increase by USD 14.51 billion.
The Global Flat Glass Market size is estimated to grow at a CAGR of 5.38% between 2022 and 2027. The size of the market is forecast to increase by 34.3 million t.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Applications
Market Segmentation by Products
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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.
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SOURCE Technavio
