Glass Oblong Bottles are primarily used for Pharmaceutical, Personal care, and Beverage products. As Glass is recyclable and as people are more concerned about the environment from last few years, the Glass Oblong Bottles market is expected to increase substantially during the forecast period. The bottles have straight sides and a flat bottom which results in efficient packaging due to its compact shape. The most prominent use of Glass Oblong Bottles is in alcoholic beverages which helps to keep the liquid cooler than the ambient conditions. The use of Glass Oblong Bottles increased due to rise in Cosmetics, Pharmaceuticals and Personal care end-use industries for its effective packaging and innovative design that helps to attract the customers.
The Glass Oblong Bottles are available in various capacity, small capacity bottles are used primarily in Cosmetics and Personal care products and large size bottles in alcohol beverage industries. It is expected that the market of Glass Oblong Bottles will grow gradually throughout the forecast period.
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Glass Oblong Bottles Market: Dynamics
The factors which drive the Glass Oblong Bottles market are a rise in Cosmetics, Pharmaceuticals and Beverage industries and recent developments in technological advancements such as innovation in designs, use of graphics and holographs.
The factors which restrain the Glass Oblong Bottles market are fluctuations in raw material prices, shape constraints as only fixed quantity and volume can be delivered from Glass Oblong Bottles and availability of alternatives such as cans, bag in a box which provides ease in handling and transport than Glass Oblong Bottles.
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Glass Oblong Bottles Market: Segmentation
The Glass Oblong Bottles market is segmented on the basis of the type of product, capacity, and applications.
The Glass Oblong Bottles market is segmented on the basis of the type of product as
- Wide mouth
- Narrow mouth
The Glass Oblong Bottles market is segmented on the basis of capacity as
- 0-100 ml
- 100-250 ml
- 250-450 ml
- 450-700 ml
- 700-1000 ml
- Above 1000 ml
The Glass Oblong Bottles market is segmented on the basis of applications as
- Food and Beverage
- Cosmetics
- Pharmaceuticals
- Personal care
- Oils and Lubricants
- Chemical industry
Glass Oblong Bottles Market: Regional Outlook
North America is the largest market share contributor in the global Glass Oblong Bottles market in terms of both value and volume and expected to remain to dominate the market during the forecast period. Europe is the second-largest market share contributor in the Glass Oblong Bottles market due to a large number of consumers and is expected to have a slow growth rate in the Glass Oblong Bottles market during the forecast period.
Asia-Pacific region and especially China, Japan and India expected to grow at an exponential rate in the Glass Oblong Bottles market due to an increase in the disposable income of people in this particular region. Latin America, Middle East & Africa and Oceania are the regions that are expected to grow at a moderate rate during the forecast period in the Glass Oblong Bottles market due to emerging economies and an increase in investment by the key players to expand their market.
Glass Oblong Bottles Market: Key Players
Some of the key players in Glass Oblong Bottles market are U.S. Plastic Corp., Alameda Packaging LLC, House of Cans, Inc., Andler Packaging Group, VWR International LLC, Thomas Scientific, Mediplast Corp., Aaron Packaging Inc., The Cary Company, Owens-illinois Inc, Ardagh Group SA, Verallia, Vidrala SA, Vetropack Holding Ltd, Central Glass Co., Ltd., Consol Glass Pty Ltd., Frigo Glass Jebel Ali Fzco, Hindustan National Glass & Industries Limited, Vidrala, Vitro SAB de CV, AGI Glass Pvt Ltd, AGI glaspac, Ardagh Group SA, and BA Vidro, S.A.
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Glass Oblong Bottles Market: Impact of COVID-19
As Glass Oblong Bottles are primarily used for Beverages products such as wine, cold drinks, this market is expected to have a severe impact during the outbreak of COVID-19 pandemic. Many countries are in complete lockdown and which are not allowing the production of such beverages and as the production is stopped, the market might go through all-time low value during the COVID-19 outbreak. It is expected that, once the impact of this pandemic has slowed down, the Glass Oblong Bottles market will rise gradually till the end of the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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