Glass Forming Machine Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030
Page: 215 | Report Code: CM231215 | Research Suite: Report (PDF) & Market Data (Excel)
The global market value of glass-forming machines was USD 600.3 Million in 2022, and a CAGR of 5.1% is expected during the forecast period. The market is growing due to increasing demand for glass packaging solutions. It involves various technologies and machines used in the glass manufacturing industry to produce glass products. Different types of machines, like blow and press machines, molding equipment, and more, cater to diverse glass-making needs across industries like automotive, construction, packaging, and aerospace.
The increasing demand for the electronics industry is also driving the growth of the market. Advancement in technology, leading to more efficient and precise manufacturing processes, and a growing emphasis on sustainable packaging solutions are driving the growth of the market. Innovation in automation, energy efficiency, and product diversification also plays a significant role in the expansion of the market.
The use of 3D printing
technology in glass manufacturing is also a significant trend in the
glass-forming machine market. 3D printing does produce intricate and complex
glass shapes with precision and accuracy. This technology produces glass
products with minimal material waste.
Impact
of Covid-19
Due to disruptions in the supply chain in the initial phase
of COVID-19, the market had to face a slowdown, but later on, increased demand
for packaged food drove the growth in the market significantly. The increasing
demand for glass in the packaging of food is stimulating the market’s recovery
and encouraging innovation in automated, efficient, and hygienic glass-forming
techniques. Post-COVID-19, there was a surge in demand from the food and
beverage, pharmaceutical, and automotive sectors. Increasing demand from the
electronics sector was also a major reason behind the growth of the market.
Advancement in technologies and increasing urbanization, along with rapid
industrialization, are among the reasons for fast-growing industries.
Growth
Drivers
Increasing demand for sustainable packaging solutions is driving growth in the market. The growth of the glass forming market is propelled by factors such as technological advancements, and the increasing use of it in food and packaging solutions, the pharmaceutical industry, automation, and the construction industry is driving the growth of the market.
The rising adoption of glass in various industries due to its inert nature and innovations in automation and energy-efficient manufacturing processes is driving the growth of the market significantly. Growing emphasis on eco-friendly materials and the recyclability of glass further fuels the growth of the glass-forming machine market. The use of 3D printing technology in glass manufacturing is driving the growth of the market significantly.
Segmentation
By
Method Type
·
Blow and Blow Method
·
Press and Blow Method
By
End-User
·
Healthcare
·
Chemical
·
Food and Beverages
·
Laboratories
·
Others
Regional
Outlook
·
Asia Pacific
·
North America
·
Latin America
·
Europe
·
Middle East and Africa
Glass
Forming Machine Market Method Segmentation
On the basis of method type, the glass forming machine
market is segmented into blow and blow methods and press and blow methods. In
the blow-and-blow method, the mass of molten glass is dropped into a mold. The
mold is then closed, and air is blown into the mass of molten glass, causing it
to expand and take on the shape of the mold. In the press and blow method, a
plunger is used to press the glass into the mold cavity, forming the neck and
bottom of the container. After that, air is blown into the gob to give the
glass its final shape.
Glass
Forming Machine End-User Segmentation
On the basis of end-users, the glass-forming machine is segmented into healthcare, chemical, food and beverage, laboratories, and construction. Glass-forming machines are used across various industries, including the production of glass bottles, containers, windows, and other glass products. These machines cater to sectors like beverage packaging, pharmaceuticals, cosmetics, automotive, construction, and many others.
Glass plays a significant
role in packaging, construction materials, or functional components. The
beverage packaging industry is considered one of the leading end-user segments,
which encompasses the production of glass bottles for various beverages like
soft drinks, alcoholic beverages, juices, and water. This creates a substantial
demand for glass-forming machinery due to the high volume of bottles needed for
these products.
Regional
Outlook
On the basis of the regions, the glass forming machine
market is segmented into 5 parts: Asia Pacific, North America, Europe, Latin
America, and the Middle East and Africa. Asia Pacific is the leading segment
and is expected to dominate the market during the forecast period. The China
glass market is expected to witness remarkable growth during the forecast
period due to increasing technological advancements, urbanization, and
industrialization. Demand for glass manufacturing in China is led by the food
and beverage industry and the chemical industry.
China does account for the high demand for manufacturing machines. Though China had to face big challenges due to the impact of the pandemic, after the effects of the pandemic got over, the export of glass from China to all over the world started. Europe holds a major share of glass exports, which in turn continues to drive demand for glass-forming machines. Despite the COVID-19 challenges, most European countries like Germany, England, Russia, Spain, and Italy secured top positions in the world.
North America is experiencing significant growth due to the presence of the United States of America, and Canada is also witnessing significant growth due to increasing industrialization. Emerging markets in South America and Africa show potential for growth due to increasing industrialization and demand for glass products.
Increasing demand in the food and beverage, packaging, and construction industries is driving the growth of the market significantly. Increasing demand for glasses in the pharmaceutical industry and in real estate is also driving the growth of the market significantly. Increasing growth in real estate business, especially in the Asia-Pacific region, is driving the growth of the market significantly.
Key
Players
·
Heye International GmbH
·
Jetter AG
·
Bottero S.p.a.
·
C&M Machinery
·
Bucher Emhart Glass
·
Ishizuka Glass Group
·
JCL Engineering Pte Ltd
·
Chongqing life furnace technology ltd.
·
BDF Industries SPA
·
LiSEC GmbH
·
Sklostroj Turnov CZ, sro.
·
GPS glassproduktions Service GmbH
· Other Players