South America Spirit Glass Packaging Market Forecast to 2028
South 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
Rising Demand for Innovative and Custom Glass Packaging in South America Spirit Glass Packaging Market
Spirit manufacturers across region are focused on investing significantly in innovative packaging solutions to attract a wider consumer base. The innovation in packaging includes distinct design, vibrant colors, detailed labeling, and sustainable packaging. Luxury consumers and whiskey collectors demand distillery upgrades, refurbishments, and novel designs while considering whiskey collection as a form of investment. According to a report published by Scotch Whisky Association in 2023, consumers are attracted to premiumization and high-quality spirits such as scotch whiskey, which is boosting exports of spirits from Scotland. Moreover, changing consumer behavior has prompted spirit manufacturers to increase the customization of bottles, provide innovative glass packaging, and focus on the brand story. Moreover, the consumer preference and demand for recycled glass packaging for spirits is rising due to increased awareness regarding environmental concerns and sustainability. Thus, the rising demand for innovative and custom glass packaging is expected to create lucrative opportunities for the South America spirit glass packaging market during the forecast period.
South America Spirit Glass Packaging Market Overview
The South America spirit glass packaging market is segmented into Brazil, Argentina, and the Rest of South America. A few key market players in South America majorly focus on business expansion by establishing production facilities to gain an edge in the highly competitive market. For instance, in May 2022, Ardagh Group SA announced the investment in a new first glass production facility in Brazil. This facility has claimed to deliver sustainable glass packaging to leading clients operating in the spirit glass packaging market in Brazil and provide approximately 300 high-quality jobs. However, the healthy lifestyle trend is impacting the demand for alcoholic drinks. Overall, the production of alcoholic drinks is stagnating, and some categories are in the decline stage as health-conscious consumers are limiting the amount of alcohol they consume. According to the International Wines and Spirits Record (IWSR), the sale of beer significantly dropped in 2018; in Brazil, it fell by 2.3%. Further, in 2019, 26.4% of the adult population reported drinking once or more a week, compared to 23.9% in 2013. These factors are hampering the consumption of alcoholic beverages, simultaneously hindering the growth of the South America spirit glass packaging market.
South America Spirit Glass Packaging market Revenue and Forecast to 2028 (US$ Million)
South America Spirit Glass Packaging market Segmentation
The South America spirit glass packaging market is segmented on the capacity, color, application, and country. On the basis of capacity, the South 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 South 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 South 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 South America spirit glass packaging market is segmented into Brazil, Argentina, and the Rest of South America. Brazil 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 South America spirit glass packaging market.
Summary Info
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According to the research team’ research, the South America spirit glass packaging market was valued at US$ 3,042.19 million in 2022 and is expected to reach US$ 3,904.65 million by 2028, registering an annual growth rate of 4.2% from 2022 to 2028. Surge in consumer preference for glass packaging and rising demand for innovative and custom glass packaging are the critical factors attributed to the South 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 South America spirit glass packaging market.
On the contrary, increasing awareness regarding adverse effects of spirit consumption hurdles the growth of South America spirit glass packaging market.
On the capacity, the South 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 63.7% market share in 2022, amassing US$ 1,938.51 million. It is projected to garner US$ 2,531.07 million by 2028 to expand at 4.5% CAGR during 2022–2028.
Based on color, the South America spirit glass packaging market is further segmented into bare glass and colored glass. The colored glass segment held 68.4% market share in 2022, amassing US$ 2,079.40 million. It is projected to garner US$ 2,692.40 million by 2028 to expand at 4.4% CAGR during 2022–2028.
Based on application, the South America spirit glass packaging market is further segmented into whiskey, vodka, rum, wine, beer, and others. The beer segment held 64.1% market share in 2022, amassing US$ 1,949.92 million. It is projected to garner US$ 2,561.97 million by 2028 to expand at 4.7% CAGR during 2022–2028.
Based on country, the South America spirit glass packaging market is segmented into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil captured 64.1% market share in 2022. It was assessed at US$ 1,949.19 million in 2022 and is likely to hit US$ 2,529.57 million by 2028, exhibiting a CAGR of 4.4% during the forecast period.
Key players dominating the South 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 South 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 South 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 South 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 South America Spirit Glass Packaging Market, by Capacity
1.3.2 South America Spirit Glass Packaging Market, by Color
1.3.3 South America Spirit Glass Packaging Market, by Application
1.3.4 South 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:
4. South 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. South America Spirit Glass Packaging Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Consumer Preference for Glass Packaging
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– South America Market Analysis
6.1 South America Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
7. South America Spirit Glass Packaging Market Analysis – By Capacity
7.1 Overview
7.2 South 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. South America Spirit Glass Packaging Market Analysis – By Color of Glass
8.1 Overview
8.2 South 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. South America Spirit Glass Packaging Market Analysis – By Application
9.1 Overview
9.2 South 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. South America Spirit Glass Packaging Market – Country Analysis
10.1 Overview
10.1.1 South America: Spirit Glass Packaging Market, by Key Country
10.1.1.1 Brazil: Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2 Brazil: Spirit Glass Packaging Market –Volume and Forecast to 2028 (Million Units)
10.1.1.2.1 Brazil: Spirit Glass Packaging Market, by Capacity
10.1.1.2.2 Brazil: Spirit Glass Packaging Market, by Capacity
10.1.1.2.3 Brazil: Spirit Glass Packaging Market, by Color of Glass
10.1.1.2.4 Brazil: Spirit Glass Packaging Market, by Application
10.1.1.3 Argentina: Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4 Argentina: Spirit Glass Packaging Market –Volume and Forecast to 2028 (Million Units)
10.1.1.4.1 Argentina: Spirit Glass Packaging Market, by Capacity
10.1.1.4.2 Argentina: Spirit Glass Packaging Market, by Capacity
10.1.1.4.3 Argentina: Spirit Glass Packaging Market, by Color of Glass
10.1.1.4.4 Argentina: Spirit Glass Packaging Market, by Application
10.1.1.5 Rest of South America: Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6 Rest of South America: Spirit Glass Packaging Market –Volume and Forecast to 2028 (Million Units)
10.1.1.6.1 Rest of South America: Spirit Glass Packaging Market, by Capacity
10.1.1.6.2 Rest of South America: Spirit Glass Packaging Market, by Capacity
10.1.1.6.3 Rest of South America: Spirit Glass Packaging Market, by Color of Glass
10.1.1.6.4 Rest of South America: 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. South America Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Spirit Glass Packaging Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Spirit Glass Packaging Market, by Capacity – Volume and Forecast to 2028 (Million Units)
Table 4. Brazil Spirit Glass Packaging Market, by Color of Glass – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Spirit Glass Packaging Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Spirit Glass Packaging Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Spirit Glass Packaging Market, by Capacity – Volume and Forecast to 2028 (Million Units)
Table 8. Argentina Spirit Glass Packaging Market, by Color of Glass – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina Spirit Glass Packaging Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South America Spirit Glass Packaging Market, by Capacity – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South America Spirit Glass Packaging Market, by Capacity – Volume and Forecast to 2028 (Million Units)
Table 12. Rest of South America Spirit Glass Packaging Market, by Color of Glass – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South America Spirit Glass Packaging Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, South America Spirit Glass Packaging Market
LIST OF FIGURES
Figure 1. South America Spirit Glass Packaging Market Segmentation
Figure 2. South America Spirit Glass Packaging Market Segmentation – By Country
Figure 3. South America Spirit Glass Packaging Market Overview
Figure 4. South America Spirit Glass Packaging Market, By Capacity
Figure 5. South 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. South America Spirit Glass Packaging Market: Impact Analysis of Drivers and Restraints
Figure 11. South America Spirit Glass Packaging Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South America Spirit Glass Packaging Market Revenue Share, By Capacity (2021 and 2028)
Figure 13. Upto 200 ml: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Upto 200 ml: South America Spirit Glass Packaging Market – Volume and Forecast To 2028 (Million Units)
Figure 15. ml to 750 ml: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. ml to 750 ml: South America Spirit Glass Packaging Market – Volume and Forecast To 2028 (Million Units)
Figure 17. Above 750 ml: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Above 750 ml: South 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: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Colored glass: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. South America Spirit Glass Packaging Market Revenue Share, By Application (2021 and 2028)
Figure 23. Whiskey: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Vodka: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Rum: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Wine: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Beer: South America Spirit Glass Packaging Market– Revenue and Forecast To 2028 (US$ Million)
Figure 28. Others: South America Spirit Glass Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 29. South America: Spirit Glass Packaging Market, by Key Country – Revenue (2021) (US$ Million)
Figure 30. South America: Spirit Glass Packaging Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. Brazil: Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Brazil: Spirit Glass Packaging Market –Volume and Forecast to 2028 (Million Units)
Figure 33. Argentina: Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Argentina: Spirit Glass Packaging Market –Volume and Forecast to 2028 (Million Units)
Figure 35. Rest of South America: Spirit Glass Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of South America: Spirit Glass Packaging Market –Volume and Forecast to 2028 (Million Units)
The List of Companies – South 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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