Canada Glass Bottles and Containers Market Size

Canada Glass Bottles & Containers Market Analysis

The Canada Glass Bottles and Containers Market was valued at USD 3.36 billion in 2020 is expected to reach USD 14.97 billion at a CAGR of 4.91% over the forecast period from 2021 - 2026. Glass packaging is entirely recyclable, which makes it a desirable packaging option from the environmental point of view. SIx tons of recycled glass directly save six tons of resources and reduce the emission of carbon dioxide by one ton. One of the main factors driving the growth of the market is the increase in beer consumption in the country. According to Beer Canada, the total beer sales accounted for 21.41 million hectoliters in 2019. Beer is one of the significant alcoholic beverages that use glass bottles for packaging. Beer is generally packed in dark-colored glass bottles to preserve the contents, which are prone to spoilage when exposed to UV light.

• Moreover, Canada has been one of the significant exporters of glass and ranks 27 worldwide. In 2019, the country exported over USD 608.3 million of glass and glassware mainly to the United Kingdom, the United States, and India. Such a high manufacturing facility in the country gives the industry a competitive edge and growth opportunities for expansion. Health Canada's packaging requirements are insufficient to address environmental impacts, so federally licensed producers are stepping up with recycling programs. Most of the dispensaries are opting to store and display the bulk of dried cannabis in large glass jars.
• The food and consumer products industry is one of the prominent sectors, which contributes to over USD 29 billion to the country's GDP annually. It is significantly growing, which is estimated to drive the demand for the glass and containers packaging market. Recently, Oromocto, a Canadian town, launched a glass recycling pilot project, a four-month pilot project for disposing of glass food jars to prevent the recyclable material from ending up in landfills. According to the Department of Environment and Local Government, the pilot project is the first to collect non-beverage glass containers for recycling. Moreover, Stanpac Inc., a packaging manufacturing company in Canada, offers a glass bottle screening equipment to decorate virtually any glass container.
• Due to its many benefits, glass packaging significantly rising for both cosmetics and fragrance. Moreover, emerging economies are anticipated to create a favorable demand for cosmetics and perfume products and their packaging. Canada is one of the fastest-growing markets for cosmetic consumption and production. The value of the cosmetics market in Canada is expected to reach USD 15.8 billion by 2021, which is an increase of USD 3 billion in the past five years. Luxury and premium cosmetics, perfumes, glass bottles, and container packaging are preferred as providers premiums feel. Still, also, there are added benefits that add to the appeal.
• Glass bottles remain one of the most popular packaging types owing to heritage, returnability, and premiumization. Increased urbanization and a higher level of disposable income have propelled the growth of the market studied in the country. According to a survey called World Development Indicators conducted by Wold Bank, the degree of urbanization accounted for 81.41% in Canada in 2018. The aesthetic appeal of glass containers has ensured their usage in packing luxury products, portraying a sense of timeless prestige with which people want to be associated. Growing awareness of the health and environmental benefits of glass has made consumers inclined toward glass bottles and containers.