North America Spirit Glass Packaging Market Forecast to 2028
North America Spirit Glass Packaging Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Capacity (Upto 200 ml, 200 ml to 750 ml, and above 750 ml), Color of Glass (Bare Glass, Colored Glass), and Application (Whiskey, Vodka, Rum, Wine, Beer, and Others)
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Description
Growth of HORECA Sector in North America Spirit Glass Packaging Market
HORECA is termed as Hotel/Restaurant/Catering, which is a part of the food service segment that includes bars, pubs, beer cafes, clubs, and hotels, among others. According to the Brewers Association, the craft brewer volume sales increased by 7.9% in the US. Further, 18.4% of the total craft beer production volume in the US was produced by microbreweries, and 6.4% of craft beer volume was produced by brewpubs, whereas 8.1% of craft beer volume was produced by taprooms. Brewpubs and taprooms also offer bottled spirits to their consumers, thus increasing sales beer sales from these establishments also imply rising sales of bottled spirits. According to the report published by TouchBistro Inc in 2022, the sales volume of food & beverages by cafes and bar-style restaurants increased by 9% and 11%, respectively, in urban cities of the US—New York City, Los Angeles, and Dallas, in 2021. Moreover, the Federation of Hotel and Restaurant Associations of India revealed that the HORECA industry is expected to grow by 6% from 2022 to 2023 and registered for US$ 4.16 billion, compared to US$ 3.3 billion from 2018 to 2019. HORECA sector is a significant contributor to the sales of bottled spirits. Therefore, the growth of the HORECA sector is fueling the demand for spirit products, which is subsequently driving the North America spirit glass packaging market.
North America Spirit Glass Packaging Market Overview
The North America spirit glass packaging market is segmented into the US, Canada, and Mexico. North America offers an extensive growth opportunity for the manufacturers of the spirit glass packaging market owing to the increasing demand for eco-packaging among spirit, wine, and beer manufacturers and consumers. As consumers are becoming increasingly aware of single-use plastics and their negative environmental impact, spirit glass packaging producers are eager to implement the latest technologies such as to fulfill their demand for spirit glass packaging. Sustainability has become an essential consideration within beer, wine, and spirits, impacting everything from production methods to ingredient sourcing. Hence, key market players are taking a more direct approach and incorporating new packaging solutions. For instance, in August 2022, O-I Glass, Inc. invested US$ 240 million in a new glass plant in Bowling Green, Kentucky. In line with strong consumer movements toward healthy, recyclable, and sustainable spirit packaging, the company offered brand-building premium glass containers with “Modular Advanced Glass Manufacturing Asset (MAGMA) technology to its customers.
North America Spirit Glass Packaging market Revenue and Forecast to 2028 (US$ Million)
North America Spirit Glass Packaging market Segmentation
The North America spirit glass packaging market is segmented on the capacity, color, application, and country. On the basis of capacity, the North America spirit glass packaging market is segmented into upto 200 ml, 200 ml to 750 ml, above 750 ml. The 200 ml to 750 ml segment registered the largest market share in 2022.
Based on color, the North America spirit glass packaging market is further segmented into bare glass and colored glass. The colored glass segment registered a larger market share in 2022.
Based on application, the North America spirit glass packaging market is further segmented into whiskey, vodka, rum, wine, beer, and others. The beer segment registered the largest market share in 2022.
Based on country, the North America spirit glass packaging market is segmented into US, Canada, and Mexico. US dominated the market share in 2022.
Ardagh Group SA, Gerresheimer AG, HEINZ-GLAS GmbH & Co KGaA, O-I Glass Inc, Toyo Glass Co Ltd, Verallia SA, and Vitro SAB de CV are the leading companies operating in the North America spirit glass packaging market.
Summary Info
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According to the research team’ research, the North America spirit glass packaging market was valued at US$ 7,254.19 million in 2022 and is expected to reach US$ 9,503.15 million by 2028, registering an annual growth rate of 4.6% from 2022 to 2028. Surge in consumer preference for glass packaging and growth of HORECA sector are the critical factors attributed to the North America spirit glass packaging market expansion.
The consumption of spirits is continuously growing across the region due to rising disposable income, growing favorable demographics, and changing consumer behavior. High demand for distinct cocktails has created a trend for premium liquor contained in distinct glass packaging. The product innovation of different types of spirits such as flavored liquors and development of bottled blended spirits are creating a demand for spirit glass packaging. Glass packaging design and type positively influences brand image, product differentiation, and product acceptability & preference. Moreover, the rising consumer preference for glass packaging has influenced spirit manufacturers to offer product differentiation through packaging design and innovative products for spirits. This is due to the availability of glass bottles with thick bases, embossing, and decoration, coupled with label design; all these features provide harmonized high-quality brand image and convey the brand or product story. Thus, a surge in consumer preference for glass packaging is driving the North America spirit glass packaging market.
On the contrary, increasing awareness regarding adverse effects of spirit consumption hurdles the growth of North America spirit glass packaging market.
On the capacity, the North America spirit glass packaging market is segmented into upto 200 ml, 200 ml to 750 ml, above 750 ml. The 200 ml to 750 ml segment held 65.9% market share in 2022, amassing US$ 4,783.43 million. It is projected to garner US$ 6,370.44 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on color, the North America spirit glass packaging market is further segmented into bare glass and colored glass. The colored glass segment held 56.4% market share in 2022, amassing US$ 4,092.60 million. It is projected to garner US$ 5,404.66 million by 2028 to expand at 4.7% CAGR during 2022–2028.
Based on application, the North America spirit glass packaging market is further segmented into whiskey, vodka, rum, wine, beer, and others. The beer segment held 54.7% market share in 2022, amassing US$ 3,968.27 million. It is projected to garner US$ 5,314.11 million by 2028 to expand at 5.0% CAGR during 2022–2028.
Based on country, the North America spirit glass packaging market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.4% market share in 2022. It was assessed at US$ 5,395.24 million in 2022 and is likely to hit US$ 7,126.12 million by 2028, exhibiting a CAGR of 4.7% during the forecast period.
Key players dominating the North America spirit glass packaging market are Ardagh Group SA, Gerresheimer AG, HEINZ-GLAS GmbH & Co KGaA, O-I Glass Inc, Toyo Glass Co Ltd, Verallia SA, and Vitro SAB de CV among others.
In 2019, O-I Glass Inc completed corporate modernization, adopts new holding company structure.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America spirit glass packaging market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the North America spirit glass packaging market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the spirit glass packaging market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 North America Spirit Glass Packaging Market, by Capacity
1.3.2 North America Spirit Glass Packaging Market, by Color
1.3.3 North America Spirit Glass Packaging Market, by Application
1.3.4 North America Spirit Glass Packaging Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Spirit Glass Packaging Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Suppliers
4.4.2 Spirit Glass Packaging Manufacturers
4.4.3 Distributors/Suppliers
4.4.4 End-Use Industries
5. North America Spirit Glass Packaging Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Consumer Preference for Glass Packaging
5.1.2 Growth of HORECA Sector
5.2 Market Restraints
5.2.1 Increasing Awareness Regarding Adverse Effects of Spirit Consumption
5.3 Market Opportunities
5.3.1 Rising Demand for Innovative and Custom Glass Packaging
5.4 Future Trends
5.4.1 Adoption of Recycled Glass Packaging
5.5 Impact Analysis of Drivers and Restraints
6. Spirit Glass Packaging– North America Market Analysis
6.1 North America Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Spirit Glass Packaging Market Analysis – By Capacity
7.1 Overview
7.2 North America Spirit Glass Packaging Market, By Capacity (2021 and 2028)
7.3 Upto 200 ml
7.3.1 Overview
7.3.2 Upto 200 ml: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Upto 200 ml: Spirit Glass Packaging Market – Volume and Forecast to 2028 (Million Units)
7.4 ml to 750 ml
7.4.1 Overview
7.4.2 ml to 750 ml: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 ml to 750 ml: Spirit Glass Packaging Market – Volume and Forecast to 2028 (Million Units)
7.5 Above 750 ml
7.5.1 Overview
7.5.2 Above 750 ml: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
7.5.3 Above 750 ml: Spirit Glass Packaging Market – Volume and Forecast to 2028 (Million Units)
8. North America Spirit Glass Packaging Market Analysis – By Color of Glass
8.1 Overview
8.2 North America Spirit Glass Packaging Market, By Color of Glass (2021 and 2028)
8.3 Bare Glass
8.3.1 Overview
8.3.2 Bare Glass: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Colored glass
8.4.1 Overview
8.4.2 Colored glass: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Spirit Glass Packaging Market Analysis – By Application
9.1 Overview
9.2 North America Spirit Glass Packaging Market, By Application (2021 and 2028)
9.3 Whiskey
9.3.1 Overview
9.3.2 Whiskey: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Vodka
9.4.1 Overview
9.4.2 Vodka: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Rum
9.5.1 Overview
9.5.2 Rum: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Wine
9.6.1 Overview
9.6.2 Wine: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Beer
9.7.1 Overview
9.7.2 Beer: Spirit Glass Packaging Market– Revenue and Forecast to 2028 (US$ Million)
9.8 Others
9.8.1 Overview
9.8.2 Others: Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Spirit Glass Packaging Market – Country Analysis
10.1 Overview
10.1.1 North America: Spirit Glass Packaging Market, by Key Country
10.1.1.1 US: Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2 US: Spirit Glass Packaging Market –Volume and Forecast to 2028 (Million Units)
10.1.1.2.1 US: Spirit Glass Packaging Market, by Capacity
10.1.1.2.2 US: Spirit Glass Packaging Market, by Capacity
10.1.1.2.3 US: Spirit Glass Packaging Market, by Color of Glass
10.1.1.2.4 US: Spirit Glass Packaging Market, by Application
10.1.1.3 Canada: Spirit Glass Packaging Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.4 Canada: Spirit Glass Packaging Market–Volume and Forecast to 2028 (Million Units)
10.1.1.4.1 Canada: Spirit Glass Packaging Market, by Capacity
10.1.1.4.2 Canada: Spirit Glass Packaging Market, by Capacity
10.1.1.4.3 Canada: Spirit Glass Packaging Market, by Color of Glass
10.1.1.4.4 Canada: Spirit Glass Packaging Market, by Application
10.1.1.5 Mexico: Spirit Glass Packaging Market–Revenue and Forecast to 2028 (US$ Million)
10.1.1.6 Mexico: Spirit Glass Packaging Market–Volume and Forecast to 2028 (Million Units)
10.1.1.6.1 Mexico: Spirit Glass Packaging Market, by Capacity
10.1.1.6.2 Mexico: Spirit Glass Packaging Market, by Capacity
10.1.1.6.3 Mexico: Spirit Glass Packaging Market, by Color of Glass
10.1.1.6.4 Mexico: Spirit Glass Packaging Market, by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Partnerships
11.5 Other Business Strategies
12. Company Profiles
12.1 O-I Glass Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Toyo Glass Co Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Ardagh Group SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Verallia SA
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Gerresheimer AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Vitro SAB de CV
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 HEINZ-GLAS GmbH & Co KGaA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Spirit Glass Packaging Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Spirit Glass Packaging Market, by Capacity – Volume and Forecast to 2028 (Million Units)
Table 4. US Spirit Glass Packaging Market, by Color of Glass – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Spirit Glass Packaging Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Spirit Glass Packaging Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Spirit Glass Packaging Market, by Capacity – Volume and Forecast to 2028 (Million Units)
Table 8. Canada Spirit Glass Packaging Market, by Color of Glass – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Spirit Glass Packaging Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Spirit Glass Packaging Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Spirit Glass Packaging Market, by Capacity – Volume and Forecast to 2028 (Million Units)
Table 12. Mexico Spirit Glass Packaging Market, by Color of Glass – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Spirit Glass Packaging Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, North America Spirit Glass Packaging Market
LIST OF FIGURES
Figure 1. North America Spirit Glass Packaging Market Segmentation
Figure 2. North America Spirit Glass Packaging Market Segmentation – By Country
Figure 3. North America Spirit Glass Packaging Market Overview
Figure 4. North America Spirit Glass Packaging Market, By Capacity
Figure 5. North America Spirit Glass Packaging Market, by Country
Figure 7. Porter’s Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Spirit Glass Packaging Market – Ecosystem Analysis
Figure 10. North America Spirit Glass Packaging Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Spirit Glass Packaging Market Revenue Share, By Capacity (2021 and 2028)
Figure 13. Upto 200 ml: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Upto 200 ml: North America Spirit Glass Packaging Market – Volume and Forecast To 2028 (Million Units)
Figure 15. ml to 750 ml: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. ml to 750 ml: North America Spirit Glass Packaging Market – Volume and Forecast To 2028 (Million Units)
Figure 17. Above 750 ml: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Above 750 ml: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (Million Units)
Figure 19. Spirit Glass Packaging Market Revenue Share, By Color of Glass (2021 and 2028)
Figure 20. Bare Glass: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Colored glass: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. North America Spirit Glass Packaging Market Revenue Share, By Application (2021 and 2028)
Figure 23. Whiskey: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Vodka: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Rum: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Wine: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Beer: North America Spirit Glass Packaging Market– Revenue and Forecast To 2028 (US$ Million)
Figure 28. Others: North America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. North America: Spirit Glass Packaging Market, by Key Country – Revenue (2021) (US$ Million)
Figure 30. North America: Spirit Glass Packaging Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. US: Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. US: Spirit Glass Packaging Market –Volume and Forecast to 2028 (Million Units)
Figure 33. Canada: Spirit Glass Packaging Market–Revenue and Forecast to 2028 (US$ Million)
Figure 34. Canada: Spirit Glass Packaging Market–Volume and Forecast to 2028 (Million Units)
Figure 35. Mexico: Spirit Glass Packaging Market–Revenue and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Spirit Glass Packaging Market–Volume and Forecast to 2028 (Million Units)
The List of Companies – North America Spirit Glass Packaging Market
o Ardagh Group SA
o Gerresheimer AG
o HEINZ-GLAS GmbH & Co KGaA
o O-I Glass Inc
o Toyo Glass Co Ltd
o Verallia SA
o Vitro SAB de CV
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