Glass Manufacturing Market To Reach $167.5 Billion By 2030

Glass Manufacturing Market Growth & Trends

The global glass manufacturing market size is expected to reach USD 167.5 billion by 2030, registering a CAGR of 5.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for glass, a recyclable and cost-effective material, in applications related to construction and packaging industries is anticipated to fuel the market growth during the forecast period.

The container glass product segment held the largest revenue share in 2021 owing to its rising demand from packaging applications from industries such as food and beverages and pharmaceuticals. Glass is a chemically inert and durable product that extends the shelf-life of stored products. Rising demand for safe and healthy packaging and the need for an extended shelf life of food and beverage and dairy products are likely to prompt the shift toward glass for packaging applications.

The market growth is likely to be impacted by the volatility in raw material costs as they form a major part of the entire cost structure of the glass manufacturing process. For instance, energy constitutes a key part of production, and the years 2021 and 2022 witnessed a surge in energy prices. The surge was owing to the low prices in 2020 and the transition toward clean energy caused them to remain high.

In addition, the geo-political tensions caused due to the Russia-Ukraine war in 2022 further contributed to the price hikes. Hence, manufacturers such as Guardian Industries and Vitro, glass fabricators such as Viracon and Oldcastle Building Envelope, and raw material suppliers such as Kuraray Co., Ltd. have announced price hikes of 8% to 40% between 2021 and June 2022.

The telecommunication application segment is anticipated to register a significant growth rate, in terms of revenue, during the forecast period. In telecommunication, the advent of 5G and upgrades in infrastructure to meet new technology requirements are anticipated to increase the adoption of glass. Further, increasing reliance on renewable energy sources to reduce greenhouse gas emissions around the globe is expected to increase the demand and production of solar panels.

Asia Pacific accounted for the largest revenue share in 2021. Factors such as growing disposable income of the middle-class, increased need for packaged food, growth of the pharmaceutical industry, increasing government investments in solar energy, development of affordable housing, and ongoing infrastructure development projects make the region a forerunner in glass demand as well as manufacturing.

Manufacturers are expanding their production in the region to cater to the growing demand. For instance, in March 2022, Italy-based Stevanato Group announced acquiring a plant in Zhangjiagang, China. The company plans to expand both area and manufacturing capacity at the site by 2024. With the new plant, Stevanato Group aims to support the pharmaceutical industry by producing EZ-fill syringes and vials to cater to the biotech and vaccine market.

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Glass Manufacturing Market Report Highlights

• Based on material, the container glass dominated the global glass manufacturing industry with the largest revenue of 47.1% in 2024. This growth is attributed to the increasing demand from the food and beverage industry, where glass is favored for its durability, recyclability, and ability to preserve product integrity.

• Based on application, the packaging application led the market and accounted for the largest revenue share of 37.3% in 2024, primarily driven by the increasing demand for sustainable and eco-friendly packaging solutions.

• The Asia Pacific glass manufacturing market dominated the global market and accounted for the largest revenue share of 41.0% in 2024. This growth is attributed to the rapid industrialization and robust infrastructure development in countries such as China and India.

Glass Manufacturing Market Segmentation

Grand View Research has segmented the global glass manufacturing market on the basis of on material, application, and region:

Glass Manufacturing Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Container Glass

• Flat Glass

• Fiber Glass

• Others

Glass Manufacturing Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging

• Construction

• Transportation

• Electronics

• Telecommunication

• Others

Glass Manufacturing Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • Italy

  • France

  • UK

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa

  • Qatar

List of Key Players in the Glass Manufacturing Market

• AGC Inc.

• Fuyao Glass Industry Group Co. Ltd.

• Guardian Industries

• Saint-Gobain

• O-I Glass Inc.

• AGI glaspac

• Nihon Yamaura Glass Co., Ltd.

• Vitro

• 3B- the fiberglass company