As of 2017, the volume of the Middle East & Africa glass bottles/containers market was estimated to be 20,951.1 million units and is expected to reach 26,694.1 million units by 2023, registering a CAGR of 4.13% over the forecast period (2018-2023).
Glass has zero affinity toward 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 manufacturers to keep their end product safe. In addition, glass packaging is also 100% recyclable, which makes it a desirable packaging option from the environmental point of view. Around six metric ton of recycled glass directly save six metric ton of resources, and reduces 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 preserve the aroma, strength, and flavor of the product, makes it the most favorable option for packaging in alcoholic beverage 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 factor, coupled with the rising 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 regarding health and environmental benefits of glass has made consumers veer toward glass bottles and containers. Consumers appear to be willing to pay higher costs for the benefits offered, especially for 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, a number of companies are considering the appearance 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 the consumer can feel the difference between a regular and 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 nearly 15% of the light in a 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 power of the population on different goods is also growing. As of 2016, UAE held the most significant urban population with 85.804%. These factors are influencing the trend of fast food culture, which, in turn, is boosting the bottle glass food packaging market.
With recent impact of low oil prices on the UAE economy, the government has started concentrating on developing non-oil business and trade in the country. This factor is one of the major reasons why there is a considerable investment into 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 food 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 increasingly prefer glass bottles for packaging purposes.
Key Developments in the Market
- March 2017 - Ardagh Group launched its new and metal beverage sample store. The quick and easy online platform was developed for brands as a cost effective way to examine the Ardagh cans prior to any formal order commitment.
Reasons to Purchase this Report
- Analyze how the disposable income acts as a driver for the global market
- Analyze various market perspectives, with the help of Porter’s five forces analysis
- The solutions and type glass bottle/container are expected to dominate the market
- The regions expected to witness the fastest growth rates during the forecast period
- Identify the latest developments, market shares, and strategies that are employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel).
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Research Methodology
1.4 Key Findings
2. Executive Summary
3. Market Overview
3.2 Value Chain Analysis
3.3 Industry Attractiveness - Porter'S Five Forces
3.3.1 Bargaining Power Of Suppliers
3.3.2 Bargaining Power Of Consumers
3.3.3 Threat Of New Entrants
3.3.4 Threat Of Substitute Product
3.3.5 Competitive Rivalry Within The Industry
3.4 Industry Policies
4. Market Dynamics
5. Middle East & Africa Glass Bottles And Containers Market Segmentation
5.1 By Color
5.2 By Vertical
5.2.1 Alcoholic Beverages
5.2.2 Non-Alcoholic Beverages
5.3 By Country
5.3.2 Saudi Arabia
5.3.3 South Africa
6. Company Profiles
6.1 Manjan Glass
6.2 Ngwenya Glass
6.3 Majan Glass Company Saog
6.4 Ardagh Group
6.5 Agi Glaspac
6.6 Saudi Arabia Glass Company
6.7 Consol Glass (Pty) Ltd
6.8 Frigo Glass
6.9 Nampak Ltd
6.10 Gulf Glass Manufacturing Co. Ksc (Ggmc)
6.11 Amcor Limited
7. Investment Analysis
8. Future Of The Middle East & Africa Glass Bottles And Containers Market