United States Container Glass Market to Reach US$ 14.59 Billion by 2031, Rising at a CAGR of 3.9% | Report by CoherentMI

BURLINGAME, Calif., April 8, 2024 /PRNewswire/ -- CoherentMI published a report, titled, United States Container Glass Market is estimated to value at US$ 11.61 Billion in the year 2024 and is anticipated to reach US$ 14.59 Billion by 2031, at a CAGR of 3.9% during forecast period 2024-2031.

Market Dynamics:

The United States Container Glass Market is being primarily driven by the increasing adoption of sustainable packaging solutions. Consumers are becoming more conscious about the environmental impact of their choices, leading to a growing demand for eco-friendly packaging materials such as container glass. Additionally, the durability and recyclability of container glass further contribute to its popularity in various industries.

Report Scope:

Report Coverage	Details
Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	3.9 %
Largest Market	United States
Market Concentration	High
Major Players	Owens-Illinois, Inc. (OI), Ardagh Group, Verallia, Anchor Glass Container Corporation, Vitro Packaging and Among Others.
Segments Covered	By Type, By Application
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Growth Drivers	• Sustainable packaging trends • Preference for premium packaging • Craft beverage boom • Innovation in design and shape • Recycling initiatives