Middle East and Africa Glass Bottles/Containers Market - Segmented By Color (Amber, Flint and Green), Vertical (Alcoholic Beverages, Non-Alcoholic Beverages, Food, Cosmetics and Pharmaceuticals), and Region- Growth, Trends and Forecasts (2018 - 2023)
The Middle East and Africa Glass Bottles/Containers Market was estimated to be 20951.1 million units in 2017 and is expected to reach 26694.1 million units by 2023 at a CAGR of 4.13%, over the forecast period (2018 - 2023). Glass has zero affinity for chemicals; this makes them very desirable for storing food, beverages, and several pharmaceutical drugs. Use of glass bottles or containers where it is imperative to maintain the exact composition and quantities of different chemicals helps the manufacturers to keep their end product safe. In addition to this, glass packaging is also 100% recyclable, which makes it a desirable packaging option from the environmental point of view. Six metric ton of recycled glass directly save six metric ton of resources and reduce the emission of carbon dioxide by one metric ton. Alcoholic beverages, like beer, are accounted for the largest segment of the market.
The capability of glass bottles to preserves the aroma, strength, and flavor of the product, make it the most favorable option for packaging in alcoholic beverages industry. Higher Disposable Income and Integration in Premium Packaging Solutions in the Region Govern the Demand The stabilized and improving Middle Eastern economy has led to an increase in disposable income. This, coupled with the increasing use of glass in the packaging of premium cosmetics and consumer goods, has led to a massive demand for glass bottles and containers. Growing awareness of the health and environmental benefits of glass has made consumers veer toward glass bottles and containers. Consumers are also willing to pay higher costs for the benefits offered. This is especially true in the case of reusable bottles and containers, where glass is slowly replacing the demand for polypropylene bottles.
The cosmetics industry is another sector witnessing a higher demand for glass bottles and containers, which is majorly due to a more premium appearance of glass packaging. With the increasing trend of supermarkets and hypermarkets, more companies are considering the presence of products as an essential marketing tool. Demand for Green Glass Bottles/Containers is Growing Fast Many companies are using green bottles to distinguish their products from others. Higher quality brewers are selling their beverages in green bottles so that a consumer could feel the difference between a regular and more top quality product. Green glass is created by adding oxidized iron chromate to the molten mixture during manufacturing. The higher the concentration, the darker the color. Green glass offers partial UV protection and prevents its contents from spoilage. It allows the transmission of 15% of the light in the critical wavelength.
Green glass is used for products that are mildly sensitive to light as it is not as absorbent as amber and cobalt. UAE to Witness the Strongest Growth UAE is one of the major economies in the Middle Eastern region. With high and increasing disposable incomes, the spending of the population on different goods is also growing. UAE holds the most significant urban population with 85.804% as of 2016. These factors are influencing the trend of fast food culture, which, in turn, is boosting the bottle glass food packaging. With the recent impact of low oil prices on UAE economy, the government has started concentrating on developing non-oil business and trade in the country.
This is one of the primary reasons why there is a considerable investment in infrastructure and tourism. The majority of premium restaurants in UAE use glass bottles because of their aesthetic value. Also, the majority of consumers in UAE prefer glass to hold foods and beverages for hygienic reasons and to protect the environment against plastic bottles. Owing to these reasons, leading soft drink manufacturers, such as Pepsi, Coca-Cola, and other local companies are increasing their order for glass bottles.
Key Developments in the Market
• March 2017 - Ardagh Group announced the launch of its new, metal beverage sample store. The quick and easy online platform was developed for brands as a cost-effective way in which to see and touch Ardagh cans and ends before making a formal commitment.
Reasons to Purchase this Report
• How does the disposable income act as a driver to the global market scenario?
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Which solutions and type glass bottle/container are expected to dominate the market?
• Which regions are expected to witness the fastest growth during the forecast period?
• Identify the latest developments, market shares and strategies employed by the major market players.
• Three months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
• This Middle East and Africa Glass Bottles/Containers Market Research Report can be customized to meet your requirements.
Published By: Mordor Intelligence
Published Date: Q1 2018