The global PCR-rich glass container market is projected to reach USD 21.04 billion by 2035, up from USD 10.5 billion in 2025, with a CAGR of 7.2%. Europe currently leads the market due to regulatory enforcement, while Asia Pacific is expected to be the fastest-growing region. Key drivers include sustainability mandates, consumer preference for eco-friendly packaging, and investments in recycling infrastructure. Bottles dominate the container type segment, with beverages being the largest end-use industry.

The global pharmaceutical glass packaging market is projected to grow from USD 5.32 billion in 2025 to USD 12.39 billion by 2035, with a CAGR of 8.82%. Growth is driven by rising demand for injectables, biologics, and GLP-1 therapies, alongside stringent EU regulatory requirements for sustainability and anti-counterfeiting measures. Europe, particularly Germany, is expected to be a major growth contributor.

The U.S. beer packaging market is projected to grow at a CAGR of 3.7% from USD 6.30 billion in 2025 to USD 9.06 billion by 2035. Growth is driven by craft beer demand, premiumization, e-commerce expansion, and sustainability trends. Glass bottles currently dominate, while aluminum cans are expected to grow fastest. Major industry players are investing heavily in sustainable, recyclable packaging solutions.

The global high-quality rigid packaging materials market is expected to grow from USD 420 billion in 2025 to USD 766.47 billion by 2035, driven by a CAGR of 6.2%. Growth is fueled by demand for sustainable, durable packaging across food, beverage, pharmaceutical, and consumer goods sectors, with Asia Pacific leading the market. Key trends include adoption of recyclable materials, lightweight solutions, smart packaging features, and premiumization.

O-I Glass reported strong Q3 earnings, beating analyst estimates with flat net sales and a significant improvement in net income. The company raised its full-year earnings guidance, driving a 14% stock price surge.

O-I Glass, a leading glass container manufacturer, has appointed Vitaliano Torno as its new Chief Transformation Officer to spearhead the company's transformation efforts. This leadership change is part of O-I Glass's ongoing strategy to adapt to market demands and optimize its business operations.

Perrysburg, Ohio, July 02, 2024 (GLOBE NEWSWIRE) --  O-I Glass, Inc. (“O-I Glass” or “O-I”) plans a major transformation of its Alloa, UK manufacturing plant into an even more technologically advanced facility with an expected significant reduction in CO2 emissions.

Company 2024 Sustainability Report Update Showcases Significant Progress Toward Ambitious Sustainability Goals Company 2024 Sustainability Report Update Showcases Significant Progress Toward Ambitious Sustainability Goals

Energy storage system at O-I’s Alloa, UK, plant helps balance the grid, reduces peak load, optimizes the use of renewable electricity, and increases O-I's resilience against brownouts Energy storage system at O-I’s Alloa, UK, plant helps balance the grid, reduces peak load, optimizes the use of renewable electricity, and increases O-I's resilience against brownouts

O-I Glass (OI) to invest in the electrification and decarbonization of its plant in Veauche.

PERRYSBURG, OH/VEAUCHE, FRANCE, June 18, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) plans to invest approximately $65 Million into the electrification and decarbonization of its plant in Veauche, France. As the first O-I plant globally to use this technology, one of its two furnaces will be fully renovated and equipped with state-of-the-art hybrid-flex technology. This leading-edge innovation establishes flexibility to replace up to 70% of the conventional fossil-fuel-based energy with electricity. In addition, the furnace will be equipped with heat recovery and an air preheating system, creating further efficiency gains and reductions in energy consumption and emissions. At an average 50% electricity level, on-site CO2 emissions are expected to drop by approximately 43% compared to a traditional furnace, significantly contributing to the company’s global target of a 25% reduction in greenhouse gas emissions by 2030.

Lower sales volumes impact O-I Glass' (OI) performance, thereby reflecting the current inventory destocking actions and weak consumer demand in a few markets.