Italy Container Glass Market Size

Italy Container Glass Market Analysis

The Italy Container Glass Market is expected to grow at a CAGR of 4.4% during the forecasted 2020 to 2027. Glass is made from all-natural, sustainable raw materials. It is the preferred packaging for consumers concerned about their health and the environment. The increasing beer consumption in Italy is the key driver of glass packaging. Furthermore, the country's aging population fuels the pharmaceutical packaging market. The Italy glass packaging industry is committed to making glass production more sustainable and works with customers to develop innovative and environmentally friendly packaging.

• Glass is a permanent material that can be endlessly recycled into new packaging. The more glass is selectively collected, the better its quality for more recycled glass that can be produced and incorporated into the production of new glass packaging. Due to its inertness and premium look, the increasing use of glass containers for packaging non-alcoholic beverages such as milk, juices, sauces, and others has boosted the demand for them in the market. As the consumption of these essential non-alcoholic beverages is poised to increase healthily, the increasing consumption of beverages is driving the glass packaging market growth.
• The increasing consumption of cosmetic products witnessed a slight increase in demand for container glass packaging, due to which packaging companies are coming up with new packaging solutions to attract customers and increase consumption significantly. For instance, Capardoni, a glass packaging company specializing in 'green packaging,' testing new materials on different packaging solutions and investing in R&D for new packaging solutions and delivery systems.
• The rising operational costs and increased use of substitute products such as plastics and tin limit market growth. The growing popularity of plastics as a packaging material may impact the development of the glass packaging market. Plastics are lightweight and can be molded into various shapes and sizes. Furthermore, the thickness of plastics can be controlled, broadening their applications.
• The Covid-19 pandemic has moderately affected the growth of the glass container packaging market. Due to the impact of coronavirus, the country was put under strict lockdown and imposed restrictions on movement. The constraints on traveling have impacted the export and import of goods. The key players in the glass packaging have also been hampered due to strict lockdown. All these factors have affected the growth of the studied market during the pandemic.