NA Glass Bottles/Containers Market Size

North America Glass Bottles/Containers Market Analysis

The North America Glass Bottles and Containers Market is expected to reach a CAGR of 3.57% during the forecast period (2021 - 2026). Glass packaging is considered for premium products and a gold standard in various industries such as pharmaceuticals, food and beverages, cosmetics, and liquor packaging. The demand, however, is fluctuating across various markets due to the impact of COVID-19 on the performance of the end-user industry in global markets.

• The beverage industry holds a prominent share of the regional packaging demand for glass. With the outbreak, the COVID-19 liquor industry observed a significant drop in demand though it was deemed an essential industry by governments.
• The beer industry has been witnessing a dramatic decline in retail sales and jobs. In September 2020, the Beer Institute, in partnership with the Brewers Association (B.A.), the National Beer Wholesalers Association (NBWA), and the American Beverage Licensees (ABL), released a report from a leading economic firm showing more than 568,000 jobs supported by the U.S. beer industry disappeared in 2020 due to the COVID-19 pandemic. These job losses include more than 3,200 brewing jobs, 1,700 distributing jobs, and 360,000 retail-related jobs. The report concluded that the COVID-19 pandemic resulted in a USD 20 billion decline in retail beer sales.
• In February 2020, Ardagh Group Glass - North America announced a long-term supply agreement with Copper Cane Wines & Provisions to manufacture all its 750ml wine bottles in the United States., beginning with its Vintage Series. This partnership connects Napa Valley's Copper Cane Wines & Provisions with Ardagh's Madera, California, glass manufacturing facility, helping to keep the winery's promise to stay local and sustainable by reducing its environmental footprint.
• While the demand for glass bottles dropped for Beverage packaging during the pandemic, the pharmaceutical sector demanded increased production of glass vials to contain the COVID-19 vaccines. For instance, in May 2020, the White House launched Operation Warp Speed (OWS) to find the vaccine by January 2021, and approved partnerships worth USD 347 million with two American vial makers, SiO2 and Corning, to fight the global glass vial shortage ahead of a coronavirus vaccine rollout. It's a partnership run by various government departments, including HHS, the Defense Department, BARDA, National Institutes of Health, FDA (Food and Drug Administration), and Centers for Disease Control and Prevention.
• Moreover, many companies have been developing a newer range of vials, such as, in February 2021, Corning stated that its vials are made with Valor glass that are very strong and can be filled much more quickly at manufacturing sites, thereby increasing the speed of production by up to 50%. As the company is looking forward to supplying 1.2 Billion Doses, it is a potentially crucial feature due to the requirement of vaccine doses in as short a time as possible. The company has a manufacturing facility in North Carolina dedicated to making valor glass.