Latin America Glass Bottles and Containers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2020 - 2025) - 3

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REPORT
LATIN AMERICA GLASS BOTTLES

AND CONTAINERS MARKET (2020-2025)
The study offers:
• A detailed understanding of the current market dynamics and growth opportunities.

• Analysis of the key trends and adoption trends in the major end-user segments.
• An overview of the competitive intelligence with product innovations and strategies of major players.
Domain: Packaging Base Year: 2019 Forecast Period: 2020-25
Industry Reports | Consulting | Intelligence Center

+1 617 765 2493 | info@mordorintelligence.com | www.mordorintelligence.com
1 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET
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TABLE OF CONTENTS
1. INTRODUCTION 6.2 Mexico
1.1 Study Assumptions and Market Definition 6.3 Argentina
1.2 Scope of the Study 6.4 Central America (Central America and Caribbean Consolidated)
2. RESEARCH METHODOLOGY 6.5 Rest of Latin America
3. EXECUTIVE SUMMARY 7. KEY VENDOR PROFILES
4. MARKET INSIGHTS 7.1 Verallia
4.1 Key Market Trends and Insights on the Glass Bottle Industry in Latin 7.2 Vitro SAB De CV
America
7.3 Wheaton Brasil
4.2 Coverage on the Impact of Covid-19 on the Glass Bottles Industry in
7.4 Saverglass
Latin and Central America Region
7.5 Owens-Illinois Inc.
5. MARKET SEGMENTATION BY END-USER INDUSTRY
7.6 Gerresheimer Querétaro SA
5.1 Beverages
7.7 Vidrio Formas SA De CV
5.2 Food
7.8 All American Containers
5.3 Cosmetics
8. MARKET OUTLOOK
5.4 Pharmaceuticals
5.5 Other End-user Industries
6. MARKET SEGMENTATION BY COUNTRY
6.1 Brazil

1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study

1. INTRODUCTION
1.1 STUDY ASSUMPTIONS AND MARKET DEFINITION

STUDY ASSUMPTIONS MARKET DEFINITION
◼ The base currency considered was the US dollar (USD). Conversion of other ◼ Glass bottles and containers provide an ideal way to keep the consumables
currencies to USD was considered on the basis of the average exchange safe, fresh, and healthy for a longer period and ease of transport. Glass
rates of the respective review-period years. The exchange rate conversion bottles and containers are majorly used in the alcoholic and non-alcoholic
for the forecast period was determined according to the base year’s beverage industry due to their ability to maintain chemical inertness,
conversion rates. sterility, and non-permeability.
◼ The base year was identified, based on the availability of annual reports and ◼ As part of the scope of the market, key end-user industries, such as
secondary information. The base year considered for this study is 2018. beverage, food, pharmaceutical, cosmetics, and other end-user industries,
◼ The review period considered for this study is from 2013 to 2017. The CAGR are considered. The report provides an analysis of various countries, such as
is for the forecast period, 2019-2024. Brazil, Mexico, Argentina, and Central America and Caribbean
(Consolidated). The study also includes an assessment of the impact of
◼ The average selling price (ASP) was kept constant throughout the forecast
COVID-19 on the market.
period for each country.
◼ Distribution of the primary interviews conducted was based on the regional

share of the market and the presence of key players in each region.
◼ As a result of data triangulation, through multiple methodologies and

approaches, the weighted averages of the resulting estimates were
considered to be the final values.

1. INTRODUCTION
1.2 SCOPE OF THE STUDY
BY END-USER INDUSTRY COUNTRY
▪ Beverage ▪ Brazil
▪ Food ▪ Mexico
▪ Cosmetics ▪ Argentina
▪ Pharmaceutical ▪ Central America and Caribbean
▪ Other End-user Industries

2. RESEARCH METHODOLOGY

2. RESEARCH METHODOLOGY
■ Mordor Intelligence (MI) advocates an appropriate mix of secondary and primary research, to meet the clients’ objectives.
■ MI translates market insights (market dynamics, competition, varying consumer demands, and regulations) into actionable business insights.
■ The following phases are practiced at Mordor, for efficient delivery of various syndicated and consulting assignments:
STEP 1 STEP 2 STEP 3

SCOPING/PROJECT INITIATION MARKET ANALYSIS PROJECT DELIVERY
Decipher client requirements/market to be

Extensive desk research to identify the most relevant secondary information available
studied
Tailor-made research approach for

Contact Mordor’s empaneled experts and identify industry experts across the market
customized reports
Effective use of Mordor’s knowledge

Conduct primaries and surveys to gather qualitative and quantitative insights
repository to gather relevant insights
Confirm the objectives of the assignment with

Triangulate and analyze data, to finalize the actionable business insights
the client
Finalize the report’s contents and Report delivery with high-quality market insights, competitive landscape, etc.,
establish a deliverable format as per the proposed contents

RESEARCH PHASES EXPLAINED
2.1 SECONDARY RESEARCH 2.2 PRIMARY RESEARCH

This phase involves a thorough synthesis of existing publications across the ◼ At Mordor, we pool in industry experts across the value chain, to gather first-hand
web to gather meaningful insights on the current situation of the market, insights on the market studied. In addition, knowledgeable industry veterans or
retired experts, consultants, and freelancers are a call away, to collaborate with
technology developments, and any other market related information. The
Mordor on any assignment that requires real-time industry insights.
sources include, but are not limited to:
◼ We are also equipped to conduct market surveys, to gather qualitative insights and
◼ Industry and government websites for blogs, magazines, and other the opinions of individuals related to the industry.
publications ▪ Primary research is used both to validate the data points obtained from secondary
research and to fill the data gaps after secondary research. Data gathered during the
◼ Conference proceedings and association publications
primary research phase are useful to arrive at critical insights, both qualitative and
◼ Investor presentations, technical brochures, annual reports, press releases, quantitative; these insights can be used to ascertain the following:
transcripts of key personnel interviews, and other strategic publications by • Critical market dynamics (drivers, restraints, future, and regulations) and their
impact.
several competitors in the market
• Market entry for new companies and insights on the competitive landscape.
◼ Product/Service information including technical specifications, approvals
etc. MODES OF PRIMARY RESEARCH
◼ Paid sources (Questel Orbit, Factiva, Bloomberg, Seeking Alpha, etc.)
•and Others
◼ Other sources, including journals, articles, etc. (for prices and usage Telephonic Email Chat Virtual
Surveys
Interviews Interviews Interviews Council
patterns)

RESEARCH PHASES EXPLAINED
2.3 DATA TRIANGULATION AND INSIGHT GENERATION

◼ Based on the factors (both endogenous and exogenous in nature) identified and collected during the secondary and primary phases, our in-house subject matter
experts transform the quantitative data extracted and use them to infer critical insights.
◼ The market-size estimations are carried out through the ‘bottom-up’ and ‘top-down’ approaches.
◼ Our top-down and bottom-up approaches are integrated into our ‘in-house model sheets’, which are used to generate the market estimates and growth rates
(depending on the historical trends of the respective markets, along with various factors, such as drivers, restraints, and recent developments in the market) of the
product segment, in the respective country.
It is a process of combining the outcomes from different sources, to increase the

validity and reliability of the results. This process also helps to strengthen
DATA
conclusions about the findings and to reduce the risk of false interpretations.
TRIANGULATION The insights obtained from both secondary and primary research are analyzed
and validated by the process of data triangulation, to arrive at closer estimates.
An econometric model is a simplified representation of a real-world process.

ECONOMETRIC Here, the tools of econometric theory are used to analyze and forecast
MODELING economic phenomenon, and to solve unknown quantities, such as forecast
demand, supply, investment, production, consumption, etc.
REPORT After the data is curated, analysts write the report. From the data and forecast,
WRITING insights are drawn to visualize the entire ecosystem in a single report.

3. EXECUTIVE SUMMARY

GLASS BOTTLES AND CONTAINERS MARKET

Revenue in USD billion, Latin America, 2019-2025 01 The Latin American glass bottles and containers market was valued at
4.4% USD 5021 million in 2019, and it is expected to reach a value of USD 6462
CAGR million by 2025, registering a CAGR of 4.4% during the forecast period
6,462.0 (2020 – 2025).
6,177.0
5,909.1
5,659.5
5,428.0
5,215.1 By End-user Industry, the food industry accounted for the largest share
5,021.0
02 of 58.1% in the market in 2019. The cosmetics segment is anticipated to
witness the highest CAGR of 4.9% during the forecast period.
By Country, Mexico accounted for the largest share of 42.27% in the

03 market in 2019. Central America is anticipated to witness the highest
CAGR of 5.4 % during the forecast period.
2019 2020 2021 2022 2023 2024 2025
SOURCE: Mordor Intelligence Analysis

GLASS BOTTLES AND CONTAINERS MARKET GLASS BOTTLES AND CONTAINERS MARKET
Revenue Share (%), by End-user Industry, Latin America, 2019 Revenue Share (%), by Country, Latin America, 2019
58.1 42.27 Mexico

Food
Brazil
Beverage
Argentina
Cosmetics
Central America
Pharmaceuticals
Rest of Latin
America
Other End-User
Verticals
SOURCE: Mordor Intelligence SOURCE: Mordor Intelligence

4. MARKET INSIGHTS
4.1 KEY MARKET TRENDS AND INSIGHTS ON THE GLASS BOTTLES

INDUSTRY IN LATIN AMERICA
◼ Glass has emerged as one of the prominent constituents in the packaging industry, it made noteworthy
inroads over the past few years and influenced the growth of the glass bottles and containers market.
◼ Glass bottles and containers are majorly used in the alcoholic and non-alcoholic beverage industry due to
their ability to maintain chemical inertness, sterility, and non-permeability.
◼ Alcoholic drinks are prominent adopters of glass packaging, as glass does not react with the chemicals
present in drinks. Therefore, it preserves these beverages' aroma, strength, and flavor, making it a favorable
option for packaging. Due to this reason, a majority of the beer volume is transported in glass bottles, and
this trend is predicted to continue during the study period.
◼ Glass packaging is 100% recyclable, making it a desirable packaging option from the environmental point
of view. 6 ton of recycled glass directly save 6 ton of resources and reduce the emission of CO2 by 1 ton.
◼ A recent innovation, such as lightweight and effective recycling, is driving the market. Newer production
methods and the recycling effect make it possible to develop more, particularly thin-walled and lightweight
glass bottles and containers. Also, the development of the narrow neck press and blow process has allowed
for a significant reduction in the weight of glass bottles in the region.
◼ Increasing demand from the beverage industry is driving the market. Alcohol consumption is particularly
high in the Latin American region and Caribbean countries and territories (LAC). According to a study from
the World Health Organization’s (WHO) Global Health Observatory, the region's consumption of 6.5 liters
of pure alcohol annually per capita makes it the third-highest region globally, after Europe at 10.1 and
North America at 9.9 liters.
◼ However, some countries within the region, like Grenada and Saint Lucia, are higher at 9.5 and 10.6,
respectively (WHO, 2020]. Total adult per capita consumption in Central and South America has increased
over the past 40 years. In a country such as Brazil, which ranks among the largest beer producers globally,
consumption has almost tripled since the 1960s. Such trends have driven the demand for glass bottles in
the region.
◼ Also, in Brazil, the consumption of alcohol between inhabitants is considerably high. Growing consumption
of non-alcoholic beverages, like milk and juices, is further expected to create a scope for the region's glass
bottles and containers market. According to Argentina’s Secretary of Integral Policy on Drugs, the region
consumes the most alcohol per capita of any country.
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4. MARKET INSIGHTS
4.1 KEY MARKET TRENDS AND INSIGHTS ON THE GLASS BOTTLES

◼ Mexico is the global hub of container glassmaking. The country’s glassmaking sector is
booming owing to its rich cultural heritage, strategic location, and accessible international
policies. The country is famous for its diverse spirits and beers, the majority of which are SALES VALUE OF FOOD INDUSTRY
packaged in glass. Hence, its glass packaging industry is ﬂourishing. In MXN billion, by States, Mexico, as of June 2018
◼ The country is home to an array of domestic manufacturers and global organizations, like O-I
and Heineken. One of the world’s largest container glass plant is located in Mexico in Piedras
Negras on the US Border. Against this backdrop, Glassman is proud to return to Monterrey for Puebla 4
the ﬁrst time since 2008 for Glassman 2020.
◼ With the increasing need for glass bottles, vendors are expanding their operations in Mexico. Nuevo Leon 5
For instance, in May 2020, Mexican glass container vendor Glass&Glass announced that it plans
to install a second furnace at its manufacturing plant in Altamira, Tamaulipas. This 200 ton a day
Guanajuato 6
furnace is likely to be ready by 2021 and is being constructed to meet a growth in demand for
the company’s glass products.
◼ The company is dedicated to the production of glass containers and has a variety of type III Mexico City (CDMX) 6
quality products designed to offer solutions to the wine, perfume, and liqueurs industry and
household glassware. Its customers include the perfume giant Fraiche. The company offers its
Veracruz 8
services throughout Latin America and the United States.
◼ In July 2020, Coca-Cola Co. announced that it is expanding further into the market for boozy
beverages with an alcoholic version of its popular Topo Chico mineral water. The soft drink Jalisco 12
company, which aspires to be a “total beverage company,” stated it would provide Topo Chico
Hard Seltzer in “select cities” in Latin America later in 2020. Coca-Cola cited Topo Chico’s State of Mexico 14
popularity in cocktails and mixed drinks.
◼ Mexico’s export is hugely driven by its strength in food and Beverages, in particular, the trade of
vegetables, fruits, nuts, and beer. According to the INEGI, the food industry sales value in the SOURCE: INEGI
State of Mexico amounted to approximately MXN 14.4 billion, followed by Jalisco with nearly
MXN 12.2 billion ( As of June 2018). The increasing demand for glass bottles and containers
from such end-user verticals are expected to create opportunities during the forecast period.
4. MARKET INSIGHTS
4.1 KEY MARKET TRENDS AND INSIGHTS ON THE GLASS

BOTTLES INDUSTRY IN LATIN AMERICA
◼ The region is a lucrative market for cosmetics and perfumery glass bottles, owing to the booming
personal and cosmetic industry in the region. According to the Brazilian Association of Industry of
Personal Hygiene, Perfumery, and Cosmetics (ABIHPEC), the beauty industry is the second most innovative
sector in Brazil.
◼ Beautycare Brazil, an International Communication Working Group, was announced in April 2020.
Beautycare Brazil project is dedicated to the internationalization of the Brazilian cosmetics, toiletry, and
fragrance industry (CT&F). It was announced by the ABIHPEC (Brazilian Association of the Cosmetics,
Toiletry and Fragrance Industry) in collaboration with Apex-Brasil (Brazilian Trade and Investment
Promotion Agency).
◼ The Working Group would create and implement marketing and communication strategies targeting the
major markets identified as priorities for the development of companies participating in the project.
◼ According to the Executive President of ABIHPEC, Brazil is the 4th largest consumer market globally for
the CT&F sector, the second largest for men’s perfumes and products, and the fourth largest for hair care.
◼ ABIHPEC industries have expanded at a global level with their products through investments in R&D and
Innovation in countries biodiversity assets and significant investments in the marketing and
communication of internationalized companies. Also, Brazil has the largest beauty and personal care
products market in the region, followed by Mexico.
◼ The cosmetic industry in Brazil is focusing on sustainable packaging. In December 2019, Brazilian
cosmetics and personal care giant Natura announced that it is aiming to raise the bar on sustainable
packaging by inviting innovators and designers to present their best solutions.
◼ The company is asking start-ups, research institutions, entrepreneurs, and companies to present
packaging solutions that reduce waste through the use of soluble, renewable, or biodegradable materials
to fight packaging waste and pollution.
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4.1 KEY MARKET TRENDS AND INSIGHTS ON THE GLASS

BOTTLES INDUSTRY IN LATIN AMERICA
◼ Green packaging is a fast-growing trend in the beauty industry currently and is being increasingly driven
by an eco-conscious consumer looking for products that have a minimal impact on the environment.
Natura launched the first packaging for perfumery made with post-consumer recycled glass. The
incorporation of recycled glass in the packaging of perfumes reduces CO2 emissions by 357 ton/year. The
trend of sustainability across the packaging domain is gaining traction across the cosmetics and
perfumery domain in the region.
◼ Many other vendors in the Latin American region are accelerating their sustainability efforts. Cristalerías
Toro, a Chilean and family-owned company with more than 60 years of expertise in the production and
commercialization of glass containers, has been in charge of transmitting from generation to generation
the commitment to its Customers, the Environment, and the Community.
◼ The company has completed successful projects in different segments of the Food and Beverages industry
(Wines, Sparkling wines, Liquors, Beers, Soft drinks, Waters, Juices, Oils, etc.), Cosmetics, Pharmaceutical
and Household. Cristalerias Toro signed USD 40 million loans tied to sustainable metrics in July 2020.
◼ Recently Cristalerías Toro announced that its plant would use 100% renewable energy from Statkraft. Both
the companies have signed a long-term clean electricity supply contract, which would allow the modern
industrial plant for the manufacture of glass to come to life with high standards of technology and care
for the environment.
◼ For Cristalerias Toro, this project would put them at the forefront of technology for the manufacture of
glass containers and is part of its policy of producing high-quality products in an environmentally friendly
way. That is why a high percentage of recycled glass is used in the manufacture of containers, and this
collaboration with Statkraft allows them to provide all its customers a much more sustainable container.
◼ Many packaging companies, mostly based out of the Americas or Europe, have established their business
in the Central America regions through acquisitions. For instance, Owens-Illinois acquired around 50%
interest in glass containers maker Empresas Comegua. Empresas Comegua produces glass containers for
the Central American and Caribbean markets through its two glass manufacturing plants in Guatemala
and Costa Rica.
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4.1KEY MARKET TRENDS AND

INSIGHTS ON THE GLASS BOTTLES
◼ In the Central America region, interactions in the digital environment
associated with fragrances and perfumes, and products to prevent hair loss,
skincare, and nails, have rebounded. Hence, growing interest among
consumers for cosmetic and personal care products would create scope for the
market in the region.
◼ Costa Rica is one of the most attractive pharmaceutical markets in the Central
America region. Although regulatory and patent enforcement concerns remain,
steps are also being taken to address such shortfalls.
◼ The country's business environment is friendly, with direct foreign investment a
vital part of the country's economy. The country’s healthcare system is strong,
and it makes a concerted effort to keep pace with technological advancements
to aid public health. The country’s rapidly aging population and growing
reputation as a medical tourism hotspot would indicate an increase in
medicine demand going forward.
◼ Costa Rica is an important near-shore production hub and for many
multinational pharmaceutical companies, like Abbott, AstraZeneca, Roche,
Bayer, GlaxoSmithKline, Pfizer, Merck, Bristol-Myers Squibb, and Aspen.
◼ High competition from substitute products is restraining the market. Changes
in consumer trends toward convenient and comfortable handling solutions are
anticipated to drive the demand for flexible solutions. Incremental
enhancements in plastic packaging solutions are posing a threat to the glass
packaging market.
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4. MARKET INSIGHTS
4.2 COVERAGE ON THE IMPACT OF COVID-19 ON THE

GLASS BOTTLES INDUSTRY IN LATIN AND CENTRAL
AMERICA REGION
◼ One of the significant advantages of glass packaging application in the pharmaceutical industry is its
inert nature (i.e., it does not react with the contents inside). Glass has near-zero affinity toward
chemicals, which makes it apt for storing drugs, where it is imperative to maintain the exact composition
and quantities of different chemicals. Amber color glasses are among the preferred containers. Injection
vials and ampoules are other segments that are preferred in glass packaging.
◼ It is expected that glass vials demand would surge for COVID-19 vaccines. Many companies across the
world have ramped up vials manufacturing to meet any surge in demand for glass vials from the
pharmaceutical industry worldwide. COVID-19 distribution would require packaging, which requires
strong vials that protect their contents and won’t chemically react with the vaccine solution. For decades,
drugmakers have depended on vials made up of borosilicate glass, though containers crafted from
newer materials are also entering the market.
◼ Many COVID-19 vaccine deals have been announced recently in Latin America and Central America
region. For instance, In December 2020, Costa Rica signed an agreement with pharmaceutical companies
Pfizer Inc and its German partner BioNTech SE for the manufacture and delivery of 3 million COVID-19
vaccines next year, according to the office of President Carlos Alvarado.
◼ The deal would allow Costa Rica to offer two doses to 1.5 million people and follows accords with
AstraZeneca and the Covax mechanism backed by the World Health Organization (WHO). In total, the
agreements should cover about 3 million people or almost 60% of the Costa Rican population.
◼ In November 2020, Panama’s government announced that that it had signed an agreement with drug
companies Pfizer and BioNTech to purchase 3 million COVID-19 vaccine doses. The vaccine would be
distributed during 2021, pending clinical success and local regulatory approval.
◼ Also, Mexico signed an agreement with Pfizer to buy 34.4 million vaccines against the coronavirus, with a
first batch due to arrive in December 2020. The country has also announced a partnership with Britain's
AstraZeneca and China's CanSino Biologics to buy their vaccines, which are undergoing trials. Hence,
such partnerships would drive the market’s growth positively over the forecast period.
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AMERICA REGION
◼ According to the IQVIA, the pharmaceutical industry in Latin America is expected to grow from USD 55
billion in 2018 to USD 76 billion in 2023, with a CAGR of 7%. In September 2020, Luye Pharma Group
announced two collaborations with partners in the region, further boosting the development of the
central nervous system (CNS) drugs Seroquel (quetiapine fumarate, immediate release, IR) and Seroquel
XR (extended-release formulation) in the local markets. Seroquel and Seroquel XR are atypical
antipsychotic (AAP) medicines with antidepressant properties.
◼ Latin America is regarded as the high-potential emerging market in the region’s global strategy for CNS
business development. Owing to Alter-Pharma's extensive operational experience in Central America, the
Caribbean, and other regions.
◼ Luye Pharma believes this partnership would greatly improve the depth and breadth of Seroquel's
market coverage in the related countries and regions. Meanwhile, the packaging and manufacture
partnership with Laboratorios Bagó would bring benefits to Seroquel products through more
competitive production costs while enhancing drug accessibility for local patients.
◼ According to the ABIHPEC (the Brazilian Association of personal hygiene, perfume, and cosmetics
industry), the worst of the crisis is over in Brazil, for sales of cosmetics. ABIHPEC forecasts a growth of
1.1% in 2020 for the entire perfume, cosmetics, and hygiene sector in Brazil.
◼ Driven by skyrocketing sales of products that help them prevent the spread of the COVID-19, like hand
sanitizers and soaps, the sector grew by 0.6% between January 2020 and May 2020. Compared to the
same period last year, the Brazilian market has increased by 0.6% in turnover and 2.8% in volume.
◼ In June 2020, Diageo Plc, one of the world’s largest spirits maker, doubled its efforts to strengthen its
presence in e-commerce channels in Brazil as the COVID-19 pandemic triggered lockdowns, driving
customers to drink at home. According to Diageo PLC, consumption at home has increased significantly
over the past few months but does not fully compensate for revenue lost with the closure of bars,
restaurants, nightclubs, and events.
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AMERICA REGION
◼ Diageo currently has partnerships with major retailers in Brazil, including international players, like
Amazon.com and MercadoLibre, and the local subsidiaries of French supermarkets groups Casino
Guichard Perrachon SA and Carrefour SA. Despite efforts to boost online channels, Brazil’s alcoholic
beverages association ABRABE predicts that the COVID-19 reduced total sales by an average of 50%.
◼ It is expected that the sales of alcoholic beverages in Brazil fell by 52% during the period between March
15, 2020, and March 31, 2020, when social distancing and quarantine measures were implemented to
avoid the contagion of the novel COVID-19 virus, according to guidelines issued by the Ministry of
Health and the World Health Organization (WHO)., ABRABE, which congregates producers of spirits,
beer, and wine, claims that 40% of them have felt an ever stronger decrease in sales since 61% of all
alcohol consumption takes place in bars, restaurants, and nightclubs, which were on lockdown.
◼ According to the ABRABE, with many bars and restaurants closed due to the COVID-19 outbreak, the
dine-out market has slowed by 52% since March 15, 2020. However, restaurant data states that the
consumer relationship with ready meals is changing, with a recurring decrease in homemade meals,
especially on weekends.
◼ Also, in June 2020, Diageo announced a USD 100-million recovery fund to help bars, pubs, and
restaurants worldwide welcome customers after the lockdowns are lifted. The two-year program would
be available from July 2020 and is called “Raising the Bar.”
◼ This program would offer support for the recovery of major hospitality centers in Mexico City, Sao Paulo,
Shanghai, New York, London, Edinburgh, Dublin, Belfast, Mumbai, Bangalore Delhi, Nairobi, Dar es
Salaam, Kampala, and Sydney, among others. This program was designed after a global survey of bar
owners to identify their requirements in the post-lockdown situation. These include hygiene initiatives,
digital backup, and practical equipment to transform the functioning of their outlets.
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4.2 COVERAGE ON IMPACT OF THE COVID-19 ON THE

AMERICA REGION
◼ Central America and the Caribbean region during COVID-19 :
◼ In the central region of Latin America, the preference for digital shopping witnessed increasing interest
from consumers. During the first three days of quarantine, In Costa Rica, Panama, and Guatemala, the
number of small-sized businesses interested in expanding and updating their digital platforms tripled,
according to the Association of Exporters and the Digital Commerce Camara of Guatemala. It is expected
that more than 25% of people in Guatemala and Colombia are using digital channels for grocery
purchases, bringing the country averages above those of much of Latin America.
◼ People are increasingly buying food and drinks in “modern” channels, like supermarkets, hypermarkets,
and drugstores versus more traditional markets. Part of this shift is owing to a perception of cleanliness
and safety and its widespread effects. As of April 2020, more than 1,000 “pulperías,” or small grocery
shops, were closed in Costa Rica.
◼ Despite the decline of the beverage industry in other countries, during the first days of the COVID-19
crisis, products, like orange juice, still drinks, and powder beverages, witnessed great growth in sales in
this region. Additionally, families have increased their food expenses, especially with the addition of
more non-perishables.
◼ Also, restaurant rules vary by country. For instance, in Costa Rica and Guatemala, the respective
governments declared restaurants “essential” to the population but only able to operate through
delivery or the pick and go model.
◼ Many companies diverted their resources to meet the unexpected rise in demand for specific products.
For instance, Brazilian beer company Ambev converted one of its breweries in Rio de Janeiro state to
alcohol gel production, manufacturing half a million bottles that would be distributed to public
hospitals. According to Ambev, demand for alcohol continues to grow, and there is already a shortage
on the market.
22 REPORT – LATIN
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5. SEGMENTATION BY END- 58.3%
USER INDUSTRY Beverage
Beverage
5.1 Beverages
5.2 Food 2025 Cosmetics
5.3 Cosmetics Pharmaceuticals
5.4 Pharmaceuticals Other End-User

Industries
5.5 Other End-user Industries

5. SEGMENTATION BY END-USER INDUSTRY
Revenue Share (%), by End-user Industry, Latin Revenue in USD million, by End-user Industry, Latin America, 2019-2025
America, 2019
End-user
13.0% 12.5% 2019 2020 2021 2022 2023 2024 2025 CAGR (%)
Industry
11.5%
Beverage 2917.18 3031.63 3157.27 3293.81 3441.05 3599.12 3767.35 4.4
12.5%
Food 628.00 648.23 670.53 694.80 720.95 748.97 778.67 3.7
58.1%
Cosmetics 578.93 604.01 631.51 661.41 693.69 728.40 765.44 4.9
Beverages
Pharmaceuticals 650.80 677.57 706.95 738.87 773.32 810.32 849.75 4.6
Food
Cosmetics
Other End-User
246.09 253.56 261.75 270.61 280.10 290.19 300.79 3.5
Pharmaceuticals Verticals
Other End-user Industries

5.1 BEVERAGES
◼ Beverages hold the maximum market share in the market studied. With consumers getting GLASS BOTTLES AND CONTAINERS MARKET
increasingly careful about what they consume and in what material it is packaged, the Revenue in USD million, Beverages, Latin America, 2019-2025
perception toward glass is increasingly becoming positive due to the prime reason that glass
is the neutral packaging material with an almost zero rate of chemical interaction ensuring
3767.3
product integrity. 3599.1
3441.1
◼ More and more people across the region are turning toward eco-friendly solutions to increase 3293.8
their contribution. Hence, glass packaging is seen as an endless recyclable alternative to 3157.3
3031.6
plastic packaging. Glass can be 100% recycled as well as re-usable, without losing quality. 2917.2
◼ Besides, various governments across the region are imposing bans on plastic packaging in
beverages, due to which beverage companies are trying to avoid plastic packaging, and the
alternate for that is likely to be glass bottles. For instance, in a broader initiative to cope up
with the huge Tonnes of garbage produces in Mexico city, a new law is being enacted since
February 2020 that prohibits the commercialization of plastic bags in supermarkets and
stores.
◼ Moreover, liquor and wine packaging in glass bottles provide a positive consumer perception
toward the brands. Consumers are preferring glass packaging in wine and relate other forms
of packaging to inferior quality products.
◼ Even amidst the COVID-19 pandemic, Fevisa, a Mexican beer bottle manufacturer, claimed in
April 2020 that they were able to continue the production of glass, as usual, owing to the
declaration by the Mexican government to consider glassmaking as an essential business. The
2019 2020 2021 2022 2023 2024 2025
company has been catering to beer, soft drink, wine, tequila, and food markets.
◼ Glass packaging has been witnessing a sluggish growth in beer packaging, owing to the
increasing favor toward aluminum cans over the past few years. However, glass bottles are still
expected to hold a significant share of the market studied.
SOURCE: Mordor Intelligence

5.1 BEVERAGES
◼ Glass is also among the most preferred packaging material for packaging alcoholic beverages, such as
spirits. Various vendors in the market studied are observing increasing demand from the spirit industry.
The ability of glass bottles to preserve the aroma and flavor of the product is driving the demand.
◼ The glass bottles are also most favored in wine packaging, especially colored glass, owing to its ability to
limit the exposure to sunlight. The growing consumption of wine is expected to spearhead the glass
packaging demand during the forecasted period. Besides, wine glass packaging manufacturers are
innovating their offerings keeping in pace with the latest trends.
◼ However, the logistics aspect of the liquor packaged in glass bottles is challenging the growth. As glass is
comparatively more cumbersome and prone to breakage during transport, increasing the chances of
goods loss. However, vendors are trying to innovate the packaging aspect of glass bottles as well.
◼ Moreover, even producers of liquor, such as gin, are also facing issues with the weight of glass bottles used
in the packaging of their products. In such regard, manufacturers are looking to offer lighter glass bottles
to gin manufacturers and heavier and thick-bottomed glass bottles for cognac.
◼ More and more liquor manufacturers are becoming conscious of the use of recycled materials in their
packaging and increasing the percentage of recycled glass used in their bottles. Owing to such increasing
demand from various liquor vendors and consumer preferences, glass packaging type in liquor is expected
to augment the demand over the forecasted period.
◼ Within the packaging for beer, manufacturers based out of the region are moving toward environmental
and sustainable packaging solutions, owing to which the packaging of beer is moving toward other
materials, resulting in sluggish growth for glass bottle packaging of beer.
◼ Addressing such concerns, other beer vendors are looking to increase the recycling and re-usability of
glass bottles and are investing in such technologies.
26 REPORT – LATIN
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5.1 BEVERAGES
◼ Further, soft drinks hold a significant share of the segmental market, owing to the popularity of such drinks across the region. Soft drinks offer a wide variety of flavors
and formats, with something to suit every drinking occasion.
◼ Countries in the region have higher levels of soft drink with sugar consumption. For example, Argentina, and Chile, top the list with 155- and 141-liters per capita
consumption of soft drinks, respectively. Soft drinks held a prominent share of single-use plastic bottles. Nevertheless, various soft drink vendors are currently
switching back to glass bottles, owing to the increasing government regulation.
◼ The increase in demand from soft-drink vendors is helping bottle packaging solution providers, and packaging vendors are increasing their capacities as well.
Moreover, glass packaging vendors are trying to provide customized packaging solutions to soft drinks vendors.
◼ Moreover, the dairy industry in the region has been witnessing a backward shift from plastic to glass bottles. Driven by consumer demand for environmentally friendly
milk, many small dairy market players choose to sell their products in reusable bottles. The demand for glass bottles in the milk industry has been increasing.
◼ Moreover, companies are taking several initiatives to encourage people to use glass bottles by providing door-to-door delivery of fresh milk bottles. Thus, the market
studied is expected to witness significant growth opportunities over the forecast period.
◼ Most of the dairies from London mentioned that most of the change is from their younger consumers whose families seem more than willing to pay a little extra for
the service rather than the plastic in their efforts to help the environment. Moreover, to increase sales and brand recognition, many of the dairies have been adopting
glass bottle packaging for milk.
◼ The glass bottle industry has also been witnessing adoption by the milkshake providers in recent years. Owing to such developments in the dairy sector, the glass
bottle packaging are expected to further surge in demand in the foreseen period.
◼ However, according to the data from US export trade, the exports to Mexico from the US dairy plants is overtaken by ASEAN, to become the largest US dairy export
destination by volume as of August 2020. With the continuation of current shipment trends, the ASEAN region is likely to retain the top position.

5.2 FOOD
◼ The food packaging segment includes glass packaging solutions for sauces and condiments, dairy
products, pickles and syrups, jam, yogurt, vinegar, processed vegetables and fruits, and baby food. GLASS BOTTLES AND CONTAINERS MARKET
Besides, there is a high scope for glass recycling in the food industry. Revenue in USD million, Food, Latin America, 2019-2025
◼ There has been an increasing trend of transparency in food packaging over the past few years.
Going beyond just the listed ingredients on the label, consumers also want to see the physical
product before purchase. In order to capture this trend, many of the companies, especially dairy 778.7
749.0
product companies, have started offering their products in transparent glass bottles and containers. 720.9
694.8
670.5
◼ The yogurt industry has adopted glass jars for packaging. Initiatives within the yogurt industry are 648.2
628.0
anticipated to provide significant opportunities for market growth. For instance, in December 2019,
members of Mexico’s Chamber of Deputies have voted in favor of the enactment of a reform to the
Industrial and Federal Property of Consumer Protection law. The law aims to prevent plant-based
dairy alternatives from using dairy terms, such as soy milk or almond yogurt.
◼ The food industry is witnessing an increasing demand for vinegar, specifically organic and balsamic
vinegar. Its use as a functional ingredient supports the consumer desire to improve health from
within by improving blood sugar levels, limiting plaque buildup in the arteries by preventing
oxidation of LDL, and offering a rich source of polyphenols, which aid in healthy digestion,
increasing the demand for vinegar.
◼ Moreover, the consumers’ demand for bold flavors and a variety in which it can be used have
further boosted the consumption of vinegar. This increase in consumption of vinegar is anticipated
to reflect the growth of glass bottles as most of the manufacturers provide vinegar in glass bottles
due to its high barrier to sanitation and oxidation.
◼ Furthermore, the market studied is also witnessing demand from the increasing consumption of 2019 2020 2021 2022 2023 2024 2025
olive oil. The demand for low-fat content oils due to health concerns and increasing obesity rate
has driven the consumption of olive oil consumption. Owing to such an increase in demand, many SOURCE: Mordor Intelligence
of the packaging companies are increasing their product portfolio.
5.2 FOOD
◼ Though the market studied has been registering
significant revenue, it has been witnessing a
downturn over the past decade, owing to the
increasing consumption of plastic bottles and
containers within the food industry.
◼ With the shifting priorities of the consumers toward

ease and accessibility, brands are altering product
packages to be more user-friendly in form. Offering
more convenience, packaging that focuses on the
easier application of spreads, and sauces shows that
mindfulness of the consumer experience increases
the companies brand recognition.
◼ Moreover, the increasing number of small packages

for travel concerns have also hampered the market
studied. For instance, many of the companies offering
tomato ketchup, such as Heinz, Kissan, Huntzs, and
Del Monte, have started shifting toward squeeze
bottles. Such a significant shift has reduced the
growth of the market studied.

5.3 COSMETICS
◼ The cosmetics industry in the region is focused on reducing the impact of plastic pollution with
new thoughtful packaging strategies and refined formulations. Hence, the demand for efficient GLASS BOTTLES AND CONTAINERS MARKET
packaging increased significantly, primarily due to robust sales of various customized beauty Revenue in USD million, Cosmetics, Latin America, 2019-2025
products. Furthermore, the rising consumer awareness regarding personal grooming is driving
the demand for cosmetic products, which, in turn, is driving the market studied.
◼ The face serums and oils have witnessed demand over the past five years, as they offer hydration, 765.4
moisturization, anti-aging, blemish clearing benefits, and skin repair, among others. These 728.4
premium products have been witnessing demand among the aging population. Their increase in 693.7
661.4
demand has increased the growth of dropper and push pump bottles. 631.5
604.0
◼ Over the past few years, the facial serum market has been providing ample growth opportunities 578.9
for facial serum manufacturers to explore the potential markets in the region, especially in
countries, like Mexico, Brazil, and Chile. Due to the chemical nature of serums, glass bottles are
the most preferred form of packaging and for both storage and application of these products.
◼ The rapidly growing market for nail care products is significantly contributing to the growth of
glass bottles in the cosmetic industry. The growth is supported by the success of gel formulas
and artistic manicures, with liquid nail polishes still on track for growth.
◼ Besides, the value of perfume production of eau de cologne in Mexico reached over MXN 62
million in June 2020. At the same time, the overall production value of perfumes in Mexico
reached approximately MXN 299.05 million, compared to MXN 265.37 million in May 2020.
◼ Premium packaging and branding play a crucial role in their decision-making process while
buying a nail care product. Thus, manufacturers of nail polish depending on packaging solutions
to win on shelf competition, mainly witnessed through custom-designed bottles.
2019 2020 2021 2022 2023 2024 2025
◼ The rapid growth of nail care products is significantly contributing to the growth of glass bottles
in the cosmetic industry. The growth is supported by the success of gel formulas and artistic SOURCE: Mordor Intelligence
manicures, with liquid nail polishes still on the track for growth, and artistic manicures, with liquid
nail polishes still on the track for growth.

5.4 PHARMACEUTICAL
◼ Glass containers are among the primary packaging material that has observed use in the
pharmaceutical industries. A considerable number of pharmaceutical formulations have been GLASS BOTTLES AND CONTAINERS MARKET
packaged using glass containers, and they are usually the first choice of packaging materials. Revenue in USD million, Pharmaceutical, Latin America,
2019-2025
◼ The rapidly growing pharmaceutical industry across the region is boosting the growth of the
market. The demand for pharmaceutical glass and containers are majorly arising from 849.8
810.3
emerging economies, such as Mexico and Brazil. The increasing pharmaceutical production in 773.3
these countries is further increasing the demand. 738.9
706.9
677.6
◼ Moreover, manufacturers and suppliers are focusing on shifting their base to Mexico and Brazil 650.8
in addition to China and India, as a result of increasing opportunities offered by the
pharmaceutical industry in the country, especially in the generics sector.
◼ Amidst the COVID-19 pandemic, there are a notable number of clinical trials being undertaken
based on the use of chloroquine and hydroxychloroquine. Mexico is one of the countries
undertaking such trials either as a prophylactic or treatment, along with the UK, France, US,
and India.
◼ Further, with the limited logistic operations to secure internal supply due to the pandemic, the
distribution of API had witnessed disruptions in countries, like India and China, causing global
concerns and production delays. This is expected to provide exciting opportunities for Mexico.
◼ According to Jaime López de Silanes, ex-President of the Mexican Pharmaceutical Council
(CFM), the Mexican government is looking to improve strategic mechanisms between
themselves and the pharmaceutical industry to promote national API production and reduce
the dependence on the key producing countries.
2019 2020 2021 2022 2023 2024 2025
◼ According to the statistics from PharmaBoardroom, the domestic pharmaceuticals market has SOURCE: Mordor Intelligence
witnessed steady growth over the past decade and is projected to reach over USD 13 billion by
2028, owing to the penetration of health insurance and pharmacies rise.

5.4 PHARMACEUTICALS
◼ The country is home to around 200 pharmaceutical companies owing to lower wages and construction
costs. Amid the country's push to establish a homegrown drug industry, six Indian generics makers,
namely Dr. Reddy's, Zydus Cadila, Glenmark, Torrent, and Hetero, have collaborated and signed letters
of intent with the state of Hidalgo, Mexico, in October 2020, aiming to establish a pharma hub for
manufacturing and logistics. The intent letters are expected to give these companies preferential
status in drug procurement as well as eased registration and export rules.
◼ Moreover, the increasing demand for injectable pharmaceuticals is significantly driving the growth of
glass bottles in the pharmaceutical sector. The robust demand for oncology and other high-potency
drugs (such as antibody conjugates, steroids, and IV fluids that require quick onset of action) is
expected to be the key growth driver.
◼ The increasing number of people suffering from diabetes is significantly supporting the growth of
glass bottles for injectable pharmaceuticals. According to a research study published in BioMed
Central Ltd (BMC) in June 2020, Coronary Heart Disease (CHD) and Type 2 Diabetes (T2D) are the
leading causes of death in the country. The increase in the number of patients suffering from these
ailments is expected to drive the demand for penicillin, which is contributing to the growth of the
market.
◼ Similarly, Brazil from the region is one of the top 10 countries across the globe with the highest
number of patients suffering from Diabetes Mellitus (DM), affecting almost 16.8 million people.
◼ Moreover, the increasing population under the age group of 0-9 years is estimated to drive the
demand for pharmaceutical syrups, which would, in turn, reflect the growth of glass bottle
consumption. According to the statistics from the world bank, the population under 0-14 years age
group constituted about 17.12% of the total male population. This growth would mark a significant
adoption rate of the market studied.
32 REPORT – LATIN
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5.5 OTHER END-USER INDUSTRIES

◼ Apart from the end-user industries already discussed as a part of the study, other applications GLASS BOTTLES AND CONTAINERS MARKET
such as packaging of fruit juices and extracts, fermented health beverages, iced tea, etc., also Revenue in USD billion, Other End-user Industries, LA, 2019-2025
have high potential scope for gaining a considerable share in the market studied.
◼ Fruit juices and extracts, tequila are a prominent product offering in which vendors are
incorporating glass packaging; consumers perceive glass packaging in fruit beverages, tequila
as premium, owing to which vendors are favoring glass bottles. For instance, Amber Beverage 300.8
290.2
Group has announced the launch of KAH Tequila in Canada, produced by Fabrica de Tequilas 270.6
280.1
Finos in Tequila, Jalisco, Mexico. The product range from the company features three 261.8
253.6
246.1
expressions, namely Reposado, Blanco, and Aäejo - with each product presented in a
decorated bottle.
◼ Even though alcoholic beverages hold a significant share of the glass bottle packaging market,
the mixers used with alcoholic beverages are cross-selling products with such offerings. To
cater to such needs, Coke recently launched four varieties of bubbled mixers; these mixers
come in sleek Hutchinson glass bottles.
◼ Apart from mixers, other fermented health beverages cater to niche consumer markets. One
such product is an ancestral drink made from agave is Pulque, from Mexico. The drink is made
from species such as Agave salmiana, A. Americana, and A. potatorum, among others. This
drink is still being produced in the central highlands of the country by the Nahua and Otomi
cultures.
◼ Also, health-conscious consumers prefer water over any other beverages. Recently, bottled
water became the most popular drink in the region after over two decades, and bottle water 2019 2020 2021 2022 2023 2024 2025
vendors are opting for glass bottles to provide a premium feel to their offerings.
◼ Furthermore, iced tea is another popular beverage that is witnessing demand from specific
countries in the market. Such optimistic industries, therefore, provide significant scope for the
market over the forecast period. SOURCE: Mordor Intelligence

6. SEGMENTATION BY 41.15%
COUNTRY Mexico
Brazil
6.1 Brazil
6.2 Mexico 2025 Argentina
Central America
6.3 Argentina
6.4 Central America (Central America & Caribbean) Rest of Latin

America
6.5 Rest of Latin America

6. SEGMENTATION BY COUNTRY
Revenue Share (%), by Country, Latin America, Revenue in million, by Country, Latin America, 2019-2025
2019
CAGR
Country 2019 2020 2021 2022 2023 2024 2025
(%)
20.06%
Mexico 2122.3 2194.4 2273.9 2360.3 2453.4 2553.2 2659.1 3.9%

42.27%
12.80%
Brazil 807.0 840.1 876.5 916.0 958.7 1004.5 1053.3 4.6%
8.80%
Argentina 441.7 460.5 481.0 503.3 527.4 553.3 580.9 4.8%
16.07%
Mexico Brazil Central America 642.8 674.1 708.3 745.7 786.1 829.6 876.2 5.4%
Argentina Central America Rest of Latin

1007.2 1045.9 1088.3 1134.2 1183.5 1236.4 1292.4 4.3%
America
Rest of Latin America

6.1 BRAZIL
◼ Glass has emerged as one of the prominent constituents in the packaging industry across
Brazil. It made substantial inroads over the past few years and influenced the growth of Brazil's GLASS BOTTLES AND CONTAINERS MARKET
glass bottles and containers market. Revenue in USD million, Brazil, LA, 2019-2025
◼ The increasing consumption of food and beverages, cosmetics, pharmaceuticals, and other
products is boosting the country's growth. Additionally, increasing urbanization is contributing
1053.3
to the markets’ growth positively. For instance, according to the World Bank, 86.57% of Brazil's 1004.5
total population lived in the cities in 2018. 958.7
916.0
◼ The vendors are also expanding their manufacturing operations in the country. For instance, in 876.5
840.1
March 2019, Verallia SA, a producer of glass packaging for food and beverages, started 807.0
operations in the Jacutinga plant in the Minas Gerais state. The company has three plants in
the country, all located in the southwest region, namely Campon Bom, Rio Grande do Sul
state, Sao Paulo state, Porto Ferreira, and now Jacutinga in the Minas Gerais state. It is
witnessing an increased demand for glass, mainly for light bottles, owing to consumer habits
changes.
◼ A company such as Vidroporto SA is a glass packaging company in Brazil, destined for
alcoholic beverages & food, focusing on the market for beers, wines, cachaças, cognacs, ices,
liqueurs, olive oils, among others.
◼ The company has increased its production capacity by 70% at its Industria Videira do
Nordeste site in Sergipe, North East Brazil. The Brazilian Container Glassmaker stated that it
would increase capacity to 370 tonnes a day upon the completion of the investment. The
company would invest BRZ 100 million (USD 23.8 million).
◼ For this expansion project, in January 2020, Vidroporto appointed Fives Stein. Fives Stein 2019 2020 2021 2022 2023 2024 2025
would supply transformers and equipment for the e-boosting system and a complete Prium
B-HF 400 Series T-Tandem Forehearth system to efficiently distribute thermally conditioned SOURCE: Mordor Intelligence
molten glass to the two 8-section IS machines on the new line.
6.1 BRAZIL
◼ Additionally, in January 2020, Brazilian beverage company Ambev SA announced plans to eliminate
its plastic packaging by 2025. Ambev, one of the largest brewer in Latin America, aims to use NUMBER OF BREWERIES IN BRAZIL, 2013-2019
recyclable packaging or 100% recycled material for all its beverages.
◼ As part of this initiative, the company has partnered with its stakeholders, suppliers, recycling 1178
cooperatives, startups, and universities. The company has already invested a huge amount in 889
several eco-friendly initiatives between 2014 and 2018. Such trends would create opportunities for 679
glass packaging. 493
340
◼ Premiumization is the most substantial trend influencing the Brazilian alcoholic beverage market. 240 249
This trend has led to an growth of craft producers in the major urban centers. The young Brazilian
consumers are willing to pay more for premium beers that provide an authentic experience.
2013 2014 2015 2016 2017 2018 2019
Premiumization is also prevalent in the food and spirits markets.
◼ According to the Brazilian Beer Association (CevBrasil), the beer sector accounted for BRL 107 billion SOURCE: Ministry of Agriculture, Livestock, and Supply (MAPA)
in 2018, which represents 1.6% of Brazil’s GDP According to the forecast by the Brazilian Association
for Craft Beer (ABRACERVA), the country’s craft brewery production is approximately 380 million NET REVENUE OF THE FOOD AND BEVERAGE INDUSTRY
liters annually, which represents an average of 2.5% of the total amount of beer produced in the
In BRL billion, Brazil, 2011-2019
country. It is predicted that in 2020 the country would reach more than 1,500 breweries.
◼ The breweries are highly concentrated in the south-southern parts of the country, with 80%of total 642.6 656 670
562 614.3
breweries spread throughout those regions. The growing trend among the Brazilian consumers for 484.7 529.9
383.3 431.8
grape juice, which is linked to healthy eating, is expected to spearhead the demand for the market
studied.
◼ According to the Brazilian Food Industry Association (ABIA), the food and beverage industry is the
most significant sector of Brazilian manufacturing. It accounted for 11.4% of national exports, 3.5% 2011 2012 2013 2014 2015 2016 2017 2018 2019
of total FDI equity capital inflow, and 4.3% of formal employment in the country in 2018.
Additionally, according to ABIA, the net revenue of the food and beverage industry reached BRL SOURCE: Brazilian Food Industry Association (ABIA),
670 billion in 2019.
6.1 BRAZIL
◼ Glass packaging is one of the prominent industries in Brazil, with the pharmaceutical sector being one of the
largest consumers of glass packaging. The pharmaceutical industry made noteworthy inroads in the past few
years and influenced the growth of the glass bottles and containers market in Brazil.
◼ Moreover, the pharmaceutical industry in Brazil is also growing, which is driving the demand for
pharmaceutical glass packaging in the country. According to IQVIA, in 2018, the total revenue of leading
pharmaceutical companies in Brazil was BZR 22.74 billion, and the pharmaceutical market value was USD
17.14 billion.
◼ The pharmaceutical industry is also driving the demand for pharmaceutical glass packaging in the country
owing to significant investment from many companies from other regions due to cheap land, labor cost in
the region. For instance, Stevanato Group has opened its newest factory in Sete Lagoas (Minas Gerais, Brazil).
The plant, which is the result of a EUR 30 million investment, carries the Ompi brand and expands the Group’s
production capacity initially in terms of glass cartridges and ampoules to respond to the growing demand of
the domestic and Latin American markets.
◼ The market for cosmetics and fragrances is witnessing rapid and robust growth in the country. In the past,
Vitro, one of the leading glass producers in Mexico, announced that it would invest about USD 90 million for
the construction of a new plant to manufacture glass containers in Brazil, as well as serve the cosmetics,
fragrances, and specialty segments.
◼ Further, the country's cosmetics industry is gaining from an untapped demographic dividend in the form of
men who are progressively using more and more cosmetic products. Also, According to KOTRA, a state-
funded trade & investment promotion organization operated by the South Korean government, there has
been a continuous growth in the number of male consumers buying cosmetic products in the country.
◼ SEBRAE (Brazilian Support Service for Micro and Small Enterprises) – has stated that the men's cosmetics
market has tripled in Brazil in the past five years. By 2021, it would become the largest men's cosmetics
market in the world. This is expected to facilitate further growth of packaging modules designed exclusively
for use by men.
38 REPORT – LATIN
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& CONTAINERS
MARKET MARKET
6.2 MEXICO
◼ Mexico has witnessed a rapid transition in its container glass industry. Growth in the container
glass industry was concentrated in and around Mexico City, Monterrey, and Guadalajara. CRAFT BEER PRODUCTION
However, expansion has also begun to take place in smaller cities, and there have been In hectoliters, Mexico, 2012-2018
remarkable changes in glass bottle consumption.
189,250
◼ The country’s glass industry has witnessed growth in the past few years. The country’s domestic
container glass manufacturing industry has capitalized on the global trend for Mexican beer,
spirits, and beverages.
◼ Mexican beers like Corona, Desperados, and Modelo Especial have become household names in
Europe and the USA. The country’s other famous export, tequila, and remains a popular spirit all 110,943
around the world. The resulting popularity of such beverages means demand for country glass
has reached an unprecedented scale, which is beneficial for Mexican glass bottle makers.
64,561 65,280
◼ The domestic industry gained prominence recently when Industria Vidriera de Coahuila (IVC) lit
its fifth furnace at its glass manufacturing plant and brewery in Piedras Negras, located close to 45,200
the Mexican/US border. This plant makes Modelo and Corona beer bottles for distribution in the 25,509
US and has expanded since 2014. 15,179
◼ The country is one of the prominent markets for glass bottle packaging because of its
traditional manufacturing and production of alcoholic beverages. According to El Espectador, 2012 2013 2014 2015 2016 2017 2018
Mexico's per capita beer consumption was 52.1 liters in 2018.
◼ According to the 2018-2019 Annual Industry Report from the Mexican craft beer association,
ACERMEX announced at Cerveza México 2019, production of craft beer is increasing by more
SOURCE: Mexican Brewers Association
than 50% each year. Annual craft beer production in Mexico was estimated to reach 290,095
hectoliters (247,000 bbls) by the end of 2019, up from 189,240 hectoliters in 2018.

6.2 MEXICO
◼ Also, the country is witnessing new partnerships for the establishment of new breweries. For
instance, in November 2019, Heineken partnered with KHS to open one of the largest GLASS BOTTLES AND CONTAINERS MARKET
breweries in the country, setting a standard for ecological and economic sustainability. Such Revenue in USD million, Mexico, Latin America, 2019-2025
expansions in production capacities are anticipated to generate demand for glass bottles in
the country over the forecast period.
2659.1
◼ Further, in Mexico, alcoholic beverages have been produced for thousands of years. Among 2553.2
2453.4
them, the most important are wine, beer, and distilled beverages such as rum, whiskey, and 2360.3
2273.9
tequila. Mexico is the place of origin and the only producer of an alcoholic drink similar to 2194.4
2122.3
tequila and mescal named sotol.
◼ Many international vendors have entered the market. One of the recent examples is Owens-
Illinois Inc., a leading global packaging company, acquired Nueva Fábrica Nacional de Vidrio
from Grupo Modelo for USD 188 million. The glass bottle manufacturer expects the Mexican
market to contribute around USD 140 million of revenue and an additional USD 40 million
each year in earnings before interest, taxes, depreciation, and amortization.
◼ Currently, this plant has four furnaces that can produce and supply approximately 300,000
metric tons of glass containers annually for Grupo Modelo brands, which include Corona,
Modelo Especial, and Pacifico. This acquisition happened in the view of capturing the growing
glass market in Mexico, which is expected to strengthen Owens-Illinois Inc. position in Mexico.
Hence, the demand for glass bottles is likely to increase over the period in the country.
◼ In the Initial months of lockdown, breweries across Mexico, deemed as non-essential, have
decided to shut down operations amid the COVID-19 pandemic. The country’s largest
domestic brewer, Grupo Modelo, and the Mexican unit of Dutch giant Heineken surprised 2019 2020 2021 2022 2023 2024 2025
distributors, retailers, and consumers with announcements that they planned to shut down
their plants. SOURCE: Mordor Intelligence

6.2 MEXICO
◼ The country's cosmetic sector is the second-largest market in the region after Brazil. According
to a study by the Mexican Chamber of Cosmetic Products (CANIPEC), the value of the country's MARKET SIZE OF COSMETICS AND PERSONAL CARE
cosmetics market is estimated at more than USD 10.5 billion, ranking second in Latin America PRODUCTS
and 10th in the world. In USD billion, Mexico, 2017-2020*
◼ This indicates that the country's cosmetic market is growing at a faster pace, mostly driven by
7.50
the increasingly urban lifestyle. Moreover, prominent brands are launching new products to
support market growth in the region.
7.42
◼ Due to a strengthening economy and availability of a variety of both domestic and imported
brands, consumption of cosmetics in the country grew steadily over the past 15 years.
However, current market conditions like the uncertainty of the policies of the Mexican 7.30
administration now in its second year, weakening of the Mexican peso versus the dollar by
about 30%, and the COVID-19 pandemic, have resulted in lagging growth and conservative
forecasts. Furthermore, even if color cosmetics and fragrances witness a downward trend,
personal care products are increasing in demand, representing an opportunity for U.S.
exporters. 7.11
◼ According to the country’s National Chamber of the Cosmetics Industry (CANIPEC or Cámara
Nacional de la Industria de Productos Cosméticos), the number of countries' personal care
brands has tripled since 2013, with several appealing to the younger audience looking for
locally-sourced, environmentally-conscious products.
◼ The countries consumer spends on average close to MXN 3800 Mexican, about USD 190,
annually on cosmetics and personal care products. Of that, less than 7% was spent on premium
2017 2018 2019 2020*
products in 2019.
◼ In August 2018, the luxury glass bottle manufacturer, Saverglass, opened a new multi-service SOURCE: Mexican Secretariat of Economy (SE), Mexican Institute of Statistics
factory in Jalisco, Mexico, investing USD 120 million to serve the whole of the American market. and Geography (INEGI), and Mexican National Chamber of the Cosmetics
This is expected to be a significant growth driver for the Mexican cosmetic industry and Industry (CANIPEC).
influence the growth of the glass bottle and container packaging market in the country.
6.3 ARGENTINA
◼ The country has witnessed increased interest from the global glass container industry in the
past few years. The country is home to a prolific wine and olive oil industry, with many brands GLASS BOTTLES AND CONTAINERS MARKET
exported worldwide. Hence, several leading glass manufacturers are based in the country, from
Revenue in USD million, Argentina, Latin America, 2019-2025
domestic companies like Cattorini and Rigolleau to global brands, including O-I and Verallia.
◼ Growing demand from the beverage industry is driving the market’s growth. According to
Argentina’s Secretary of Integral Policy on Drugs, the region consumes the most alcohol per 580.9
capita of any country. 553.3
527.4
◼ During the last twenty years, the country’s craft beer industry has witnessed steady growth, 503.3
481.0
which led to increased growth in the number of breweries and consumers. One of the most 460.5
441.7
important craft beer clusters in Argentina is in Mar del Plata, a popular tourist destination on
the coast in east-central Argentina.
◼ According to statistics El Espectador, Argentines consumed 64.9 liters of beer per capita in
2018. Moreover, according to the Panamerican Health Organization, Argentina consumes the
second-highest amount of alcohol in the region, 0.3 liters per capita, behind Chile.
◼ According to the International Organization of Vine and Wine (OIV), Argentina produced 14.5
million hectoliters of wine in 2018, making it the world’s 5th major wine-producing country.
Furthermore, 700 wineries are operating in the country, and over 70% of them are located in
the province of Mendoza.
◼ As glass bottles give a more aesthetic look than plastic bottles or containers, it is widely
preferred across many alcoholic beverage industries in Argentina. The country also has a
returnable glass bottle scheme, which dominated the alcoholic drinks packaging. 2019 2020 2021 2022 2023 2024 2025
◼ Beverage company Coca-Cola announced to invest USD 1.2 billion in Argentina over the three
year period, i.e., 2019-2021, to upgrade existing facilities and construct new production lines.
SOURCE: Mordor Intelligence
The company will expand its soft drink productions through this investment. Such trends would
create scope for the market over the forecast period.
6.3 ARGENTINA
◼ Argentina is the third-largest pharmaceutical market in the region after Brazil and Mexico. The country’s
increasing health awareness and rising disposable incomes are driving the demand for pharmaceutical
packaging in Argentina, which helps to boost the pharmaceutical glass packaging market. According to
the National Institute of Statistics and Census of Argentina (Instituto Nacional de Estadística y Censos),
the revenue of the Pharmaceutical Industry in the 2nd quarter of 2019 was ARS 48.74 billion.
◼ Moreover, the region is heavily dependent on the import of finished pharmaceuticals formulations from
just raw materials from other countries. For instance, it has opened a USD 6 billion industry for Indian
pharmaceutical manufacture to trade and export pharmaceutical products to the country.
◼ The companies are significantly investing in the country by setting up a manufacturing base or
expanding their pharmaceutical glass packaging product line in the Latin American region. For instance,
Schott AG has a manufacturing plant in Buenos Aires for ampoules and vials. The company has acquired
parts of the two Argentinian pharmaceutical packaging manufacturers, Diesca S.A and Medical Glass
S.A, and incorporated their business activities into the new subsidiary, Schott Envases Argentina S.A.
◼ The company has now consolidated production, previously spread over two locations, at the new,
modern plant in the north of the greater Buenos Aires area. The combination of the local market
experience, access to customers, and technological expertise make them a strong partner for the
Argentinean pharmaceutical industry.
◼ Further, with the outbreak of COVID-19, the company situated in the country is keeping up with its
production of pharmaceutical glass packaging to meet the increasing demand for critical drugs and
medicines in the country.
◼ The increasing income levels in Argentina during recent years has ensured the return of the premium
food and beverage industries to center-stage in the marketplace. In addition to these general trends, a
growing segment of middle and high-income consumers has created profitable investment
opportunities, which are fueling the growth of the glass bottles and containers market in Argentina.
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6.4 CENTRAL AMERICA (CENTRAL AMERICA & CARIBBEAN)

◼ Countries considered under Central America include Costa Rica, El Salvador, Guatemala,
Honduras, Nicaragua, and Panama.
◼ A joint conservation and protection effort by Grupo Vidriero Centroamericano, VICAL, and the Revenue in USD billion, Central America, 2019-2025
Costa Rican Tourism Board seeks to value the country’s beautiful scenery and natural resources
through the development of responsible consumption habits and choosing natural glass
packaging, 100% recyclable and reusable. 876.2
829.6
◼ The Costa Rican Tourism Board's responsibility is to support the “Costa Rica in a Glass Bottle” 786.1
project, promoting sustainable practices like the use of glass to diminish the consumption of 745.7
708.3
disposable packaging gradually. 674.1
642.8
◼ The recovery of glass for recycling has been constant in Costa Rica. For 2019 the goal of Grupo
VICAL was to recover 15,600 MT of glass to be recycled. The VICAL Central American Glass
Group has effectively recovered and recycled more than 9100 MT of glass. In July 2019, 76% of
the glass containers placed in the national territory were recycled.
◼ Additionally, in 2019 it has been established that Costa Rica is in second place of all Central
American countries with regards to recovery and recycling of glass, i.e., it contributes with 14% of
the total glass that is recovered in Central America to be recycled.
◼ In November 2020, the “Costa Rica Plastic Free” campaign was launched in collaboration
between the Preserve Planet organization and the WilDTours Costa Rica company, which aims to
eradicate the use of single-use plastic bottles in the tourism industry.
◼ This initiative is committed to sustainability to reactivate tourism, mainly due to the pandemic's
impact on the economy in the sector. With this campaign, the Preserve Planet organization 2019 2020 2021 2022 2023 2024 2025
wants to reduce the use of this type of plastic until they eradicate single-use plastic bottles in the
tourism industry, opting for more sustainable alternatives like reusable containers and returnable
glass bottles. The planet faces a severe environmental problem owing to plastic pollution. SOURCE: Mordor Intelligence

6.4 CENTRAL AMERICA (CENTRAL AMERICA &

CARIBBEAN)
 Under the brand Topo Chico, Coca-Cola company has begun to commercialize in the Costa Rican country
a carbonated drink with alcohol, which belongs to the category called "hard seltzer" or "spiked seltzer.“
 In Costa Rica, Topo Chico Hard Seltzer would compete with "Adam & Eve," a product of the same category
that is marketed since 2019 by Florida Ice, Farm & Co (Fifco). This category of drinks is gaining interest
among consumers.
 According to the country's Ministry of Foreign Trade, imports of cosmetic products have increased in the
past few years. The consumer habits of the country are becoming more complex, owing to an increased
awareness of aging processes. Consumers in Costa Rica are investing more in premium products &
services. Also, Guatemala and Colombia have become important competitors within the Central American
region, owing to sustained development in the cosmetic industry and recent free trade agreements.
 Beer and Spirits are the most prominent alcoholic beverages in the country, such as El Salvador. The
popularity of spirits and beer underpinned the industry’s strong performance in the year 2019 as rising
incomes and urbanization bolstered demand.
 In June 2020, the Government of El Salvador, through the Minister of Health, announced 5 phases of
economic reopening. Phase 1 included all the activities that were enabled during the emergency, food &
beverage manufacturing industries, cleaning and hygiene products, textile & clothing industry,
construction, and metalworking industry, among others. Phase 2 included, in addition to Phase 1 sectors,
the plastic industry, paper and cardboard industry, shoe industry, cosmetic industry, other manufacturing
industries, and creative industries, among others.
 In September 2020, Balaxi Ventures, a Hyderabad-based pharmaceutical firm, announced that it plans to
enter the Central American markets of Nicaragua, El Salvador, and Honduras by setting up wholly-owned
distribution units, eyeing these smaller but high-margin pharmaceutical markets.
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CARIBBEAN)
 This expansion in El Salvador, Nicaragua, and Honduras follows the company's foray into the landlocked
Central African Republic last year. The pharmaceutical company plans to start operations in all three
markets by the first quarter of next year.
 Moreover, consumers are increasingly willing to buy beverages with low alcohol content, but also for
flavored beers. These trends are visible in Panama, which is in third place in Latin America in terms of beer
production. According to the International Association of Home Brewers (PSPD), currently, every fifty-beer
bought comes from a small, local plant, and only 2% of beer sold in the country is imported.
 The craft beer market in Panama has been growing since 2013. Various local breweries have opted to
participate in international competitions, where they have obtained high recognition, helping with this to
position the country in the international market as a country of quality beer production. There is potential
for the growth of craft beer in Panama, especially in the cities where are more tourists and ex-pats, but the
cheap commercial lagers would keep dominating the market.
 In May 2018, with an investment of close to USD 7 million, the launch of El Zapote Brewing Company was
announced, which would produce and market six types of craft beers in the local market in Panama. The
company would have a production capacity of 2,500 liters per brewing session. They plan to market the
product in local restaurants and supermarkets, in presentations of 20-liter barrels and 12-ounce bottles.
 Honduras has one of the largest pharmaceutical markets in the region. There is a big opportunity inf the
pharmaceutical market with the right incentives, as well as management. The country could be one of the
dominating countries in the pharmaceutical market if the public image is restored and the government
addresses new legislation towards that specific market.
 In August 2020, Molson Coors Beverage Co signed a partnership with Nicaragua’s largest brewer to
expand Miller Lite into the country. Miller Lite would roll out in Nicaragua in the coming months as part of
a multi-year partnership with Companía Cervecera de Nicaragua. Managua-based CCN would brew,
market, and distribute Miller Lite from the fourth quarter, Molson Coors stated.
46 REPORT – LATIN
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CARIBBEAN)
 A company such as Carib Glassworks Ltd (CGL) is the manufacturer of glass packaging in the English-
speaking Caribbean. Located in Trinidad & Tobago, the company is a prominent producer of standard
and customized glass packaging of bottles, jars, and containers for the alcohol, beer, soft drink, food
processing & chemical industries, meeting International Quality and Environmental standards. CGL
exports throughout the Caribbean and the United States.
 The company’s manufacturing facility is modern, with robust design and testing facilities, quality raw
material sourcing, and advanced production capabilities. Customer-focused, CGL works with customers
to bring the product to market, delivering development and design services. While manufacturing new
bottles are using up to 40% of recycled glass, CGL saves energy and natural resources and is
environmentally responsible.
 A container glass manufacturing plant is likely to be built in the Dominican Republic, which would
manufacture 500 million bottles per year. The companies Caribbean Glass Industry and the Dominican
National Brewery announced a partnership in November 2020 that they say would lead to the
reactivation of the glass industry in the Dominican Republic with the construction of the glass
production plant.
 This plant would have enough capacity to satisfy national demand and would generate new jobs. The
facility would be located in the municipality of Pedro Brand, within the free zone complex of the same
name. An important part of its production would use locally collected glass, thus promoting a circular
economy model. According to the terms of this agreement, it is set to start production at the end of
March 2021, and once in operation, the facility would employ 300 people. In the past, Carib Glassworks
has also invested in a plant in Cuba.
 The alcohol industry was most exposed to the impact of COVID-19 in the Caribbean due to government
measures (both impacting domestic consumer spending patterns and tourism) implemented to stem the
spread of COVID-19 and a deteriorating economic outlook.
 The COVID-19 pandemic resulted in a reduction in drug sales by 25 to 30% for pharmacies in the
Dominican Republic. Also, some products related to the COVID-19 virus increased, according to the
executive director of the Union of Pharmacies, Inc., Scarlet Sánchez.
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6.4 CENTRAL AMERICA (CENTRAL

AMERICA & CARIBBEAN)
 Also, demand is different for drug importers in the country. According to the
Association of Pharmaceutical Representatives, Agents and Producers, Inc.
(ARAPF), they have an increased demand for pharmaceutical products and,
hence, the need to increase the importation of drugs. They further said that
consumers had assumed unusual behavior when buying medications to
strengthen their immune system and avoid getting the virus.
 Historically, Cuba has been a place of alcoholic beverages such as rum. Famous
Cuban cocktails include Cuba Libre, Mojito, Daiquiri, Pina Colada. Beer is also
popular in the country. Given its historical linkages, consumption of alcoholic
beverages has been common in the nation. Famous Cuban beer includes
Cristal, Hatuey, La- Tropical, Cubay Clasica, and Bucanero Fuerte, among others.
 In August 2019, Diageo entered into the Cuban rum industry with a joint
venture between its European subsidiary and rum producer Corporación Cuba
Ron SA. This deal would give exclusive global distribution rights to Santiago de
Cuba, the second-largest premium Cuban rum brand. Santiago de Cuba would
join Diageo Europe’s portfolio of Reserve luxury spirits with its four core
variants (Carta Blanca, Anejo, 11-year-old, and 12-year-old). Hence, such
developments in the region are expected to drive the market’s growth
positively.
LATIN AMERICA
MARKET
6.5 REST OF LATIN AMERICA

◼ Rest of Latin America includes Chile, Colombia, Peru, and Venezuela. The Latin American
countries have been attracting various foreign glass bottle makers and other companies, owing
Revenue in USD million, Rest of Latin America, LA, 2019-2025
to factors like abundant natural resources, low-cost labor, and increasing consumer expenditure.
◼ Apart from carbonated drinks, the region also has recorded an upsurge in alcoholic beverages. 1292.4
1236.4
Beer is the highly demanded alcoholic beverage in Columbia. 1183.5
1134.2
1088.3
◼ Columbia, for instance, which imports beer from Chile and Argentina, has a per capita beer 1045.9
1007.2
consumption of about 44 liters per year (11.62 gallons), according to the International Trade
Administration.
◼ According to La República (Colombia), in 2018, 93.8% of the people in Colombia consumed beer,
3.1% consumed aguardiente, and 3% consumed other liquors. In the past few years, beer sales,
along with the sales of various alcoholic beverages, like tequila, whiskeys, and gin, experienced
positive growth. However, declines continued in local spirits, like aguardiente and rum, due to
the increase in the competition from imported spirits.
◼ Chile is becoming increasingly urbanized, not only in the Santiago Metropolitan region but also
in other provincial or second-tier cities. Craft beers are becoming popular among Chilean
consumers, particularly overseas craft beers. As disposable income is increasing in the country,
premium beers and new brands are doing increasingly well, one example is Corona, which has
become one of the most successful premium imports. 2019 2020 2021 2022 2023 2024 2025
◼ The premiumization of beer is gaining a foothold in the Chilean market as beer enthusiasts
boost the demand for new beer experiences. Examples of UK beers doing well in Chile are Old SOURCE: Mordor Intelligence
Speckled Hen, Hobgoblin, Theakstones, and Abbot Ale.
6.5 REST OF LATIN AMERICA

◼ The Colombian cosmetics industry was also proliferating, as it is among the
industries that are given priority by the government and the private sector in
the country. It is one of the sectors in the Productive Transformation Program
(PTP), where the government, along with local private companies, took the
initiative to ensure that Colombia is recognized as a world leader in the export
and production of cosmetics. According to ABIHPEC, 5.6% of cosmetics,
fragrances, and personal care products are distributed across the country.
◼ Among other countries, such as Peru, and Chile, glass bottles are the preferred
source of packaging for beer products. Majority of the beer volume was sold in
glass bottles, and other substitutes included plastic bottles. According to
Economía y Negocios, the consumption of non-alcoholic beverages in Chile in
2018 was 4.49 billion liters.

LATIN AMERICA
MARKET
7. KEY VENDOR PROFILES
7.1 Verallia
7.2 Vitro S.A.B. De C.V.
7.3 Wheaton Brasil
7.4 Saverglass
7.5 Owens-Illinois Inc.
7.6 Gerresheimer Querétaro S.A
7.7 Vidrio Formas S.A. De C.V.
7.8 All American Containers

7.1 VERALLIA - OVERVIEW

◼ Verallia is one of the largest manufacturers of glass containers in the world. The company operates
32 glass manufacturing plants in 11 countries.
◼ Its business model is based on combining the strength of the global network, which includes its
manufacturing operations in 11 countries, sales locations in 45 countries, and six development and
innovation technical centers, with customer relationships worldwide. Broadly, the operations are Founded in 2010
divided into three regions: Southern and Western Europe, Northern and Eastern Europe, and Latin
America.
Courbevoie - France
◼ The company is headquartered in France, with operations in over 11 countries. However, in Latin
America, the company has manufacturing and sales facilities only in Brazil, Argentina, Chile. This
region witnessed the highest organic growth of 29.4% in 2019 against the other regions of Europe. https://www.verallia.com/
◼ The company produces glass containers for alcoholic beverages, including beer, flavored malt
beverages, spirits, and wine. It also produces glass packaging for a variety of food items, soft +33 (0) 1 71 13 10 00
drinks, juices, teas, and pharmaceuticals. The company manufactures glass containers in a wide
range of sizes, shapes, and colors.
VERALLIA
32 Glass Revenue in EUR million, 2017-2019
7.5% increase
production 11
in revenue from
facilities Countries 2586
Latin America
worldwide
2396.3 2415.8
EUR 295.1 +10,000 10% sales in
million Employees Latin America
operating profit Region 2017 2018 2019
Source: Verallia Annual Results for the year ended 31st December 2019 and published on 21 Feb, 2020.

7.1 VERALLIA – BUSINESS SEGMENTS
VERALLIA VERALLIA
Revenue Share (%), by Geography, 2019 Revenue Share (%), Product Segment, 2019
10.2% Southern and Western Europe 13%

Still wine Sparkling wine
33%
12%
21.9%
Northern and Eastern Europe Spirits Food
67.8%
17%
12% Soft drinks Beer
Latin America 13%
◼ The growth Latin American market was driven mainly by increasing selling price, particularly in Argentina, where the pricing policy remains very dynamic in a highly
inflationary environment.
◼ Volumes grew strongly, owing to the good sales momentum for still wines, beer, and soft drinks in Brazil, the successful opening of the new plant in Jacutinga (State of
Minas Gerais in Brazil) during the first half of 2019, and the good performance in Argentina.
◼ The growth rate of the Latin American market, excluding Argentina, is 12.4%.
◼ In 2019, Verallia produced approximately 16 billion bottles and jars in total intended mainly for still and sparkling wines, spirits, food products, beers, and nonalcoholic
beverages.
◼ With its flexible manufacturing facilities, Verallia can tailor the size of production runs based on customers’ forecasts. The company offers to its customers an extensive
range of products tailored to their requirements, spanning from 2 oz sauce bottles to 15 L champagne bottles.

7.1 VERALLIA - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
◼ VERTIGE SMOOTH 78.3¤CNT EXB- Capacity - 750 ml, Diameter - 139 mm, Height -
220 mm, Available in transparent white color.
◼ PARIS 34.7¤CCH TA8- Capacity - 330 ml, Diameter - 78 mm, Height - 197 mm, TECHNOLOGY ACQUISITIONS
Available in brown color.
◼ VINTAGE- Capacity - 750 ml, Diameter - 74 mm, Height - 315 mm, Available green
◼ The company’s strategy is to provide innovative and competitive
color.
packaging solutions for the world’s leading food and beverage companies.
◼ ESBELTA- Capacity - 750 ml, Diameter -c 71 mm, Height - 323 mm, Available in white ◼ It has developed a 3D glass bottle simulator called Virtual Glass, where
color. customers can design their bottles concerning shape, size, color, label
design, cork, etc. It helps customers visualize the result and aids in buying
◼ VINTAGE DOLCE BT - Capacity - 520 ml, Diameter - 62 mm, Height - 300 mm, decisions.
Available in White color. ◼ The company’s focus is to expand its business in attractive, growing
markets and segments by growing with strategic customers and evaluating
◼ ECOVA: This line of bottles is focused on being ecologically friendly and made with
expansion into the value chain.
100% infinitely recyclable materials. It helps the customers improve their
◼ It continues with its strategy of using recycling as one of the fundamental
environmental footprint and also optimize transport. properties of its environmental policy, and it may optimize the utilization of
glassmaking waste wherever possible.
◼ SELECTIVE LINE: This is a brand of custom made glass packaging bottles for the
◼ In 2019 the company reconstructed one of Spain’s two furnaces, and this
upper segment of the market. They are available in various sizes, shapes, and designs.
increased the plant's production capacity by 7% to 600 million glass
Along with standard glass colors, the bottles are available in extra transparent white
bottles per year, making it the largest of the seven plants the Group owns
and extra black colors. in Spain and Portugal.
7.1 VERALLIA
Revenue in EUR million, Latin America, 2018-2019
264.6
246
2018 2019
Source: Verallia Annual Results for the year ended 31st December 2019 and published on 21 Feb, 2020.
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7.1 VERALLIA - SWOT ANALYSIS
STRENGTHS WEAKNESSES
◼ Its global counterparts offer broad portfolio of products in the

◼ The company has strong presence in the Latin American market segment (anti-glare glass, heat-resistant glass, fire resistant glass,
with 5 bottle production facilities, 2 jar production facilities and 1 sound insulation glass, security-related glass, and self-cleaning)
tableware production facility. The company is one of the largest while Verallia only products glass bottles. This may limit customer
manufacturers of glass containers in the region. base.
◼ It has a strategic geographic presence near to the emerging ◼ High sales share from Argentina where pricing policies are very
markets of Argentina and Brazil. dynamic in a highly inflationary environment.
S W
OPPORTUNITIES O T THREATS
◼ It already has a foothold in some of the emerging markets like
Brazil. This can be leveraged to gain further market shares,
◼ The company operates in many parts of the world and is exposed
thereby generating several opportunities across these
to fluctuations in foreign exchange rates.
emerging economies.
◼ The company faces stiff competition from various well established
◼ Growth of the glass bottles and containers market is expected
glass container manufacturers across various geographies.
to offer potential opportunities for the accelerating company’s
revenues.

7.1 VERALLIA - RECENT DEVELOPMENTS

M Merger and Acquisition I Product Innovation E Expansion P Partnership
Verallia partnered with the PUR Project to strengthen its

environmental strategy through a carbon offset program, to plant
more than 500,000 trees. This initiative reinforced the company’s
CSR policy, which focuses on preserving the environment, acting for
the safety and development of teams, and contributing to the
development of communities. Additionally, the company set a
target of reducing its CO2 emissions by 1% per year. JULY 2019
I E
APR 2019
Inaugurated a new production facility at the State of Minas Gerais, Brazil. The
manufacturing facility produces 1 million green and amber bottles a day for
the beer, spirits and wine markets. Verallia invested EUR 77 million to build
this ultra-modern site which replaces the Agua Branca factory in the city of
São Paulo.

7.2 VITRO SAB DE CV - OVERVIEW

 Vitro is one of the prominent glass container manufacturers in Mexico, with more than 100 years
of experience in the glass industry. The company has around 20 subsidiaries located across
America and Europe.
 Vitro provides solutions that cater to multiple markets, including food, beverage, wine, liquor,
beer, cosmetic, pharmaceutical, as well as architectural and automotive, thereby, offering quality Founded in 1909
products and reliable services to meet the needs of their two significant businesses, namely, glass
containers and flat glass.
San Pedro Garza García, Nuevo León, Mexico
 Vitro works on several initiatives aligned to its sustainability model as a part of the socially
responsible organization, which aims to create a positive influence in the economic, social, and
environmental aspects relevant to its stakeholders. https://vitro.com/
 The company is committed to create industry-leading technologies through continuous research
and development initiatives and investments. The company also is a supplier of raw materials, 52 (81) 8863.1600
machinery, and equipment for industrial use.
VITRO SAB DE CV
USD 2,180 + 15,036 USD 525 Revenue in USD million, 2017-2019
million Employees million 2,238.38
Gross Income 2,180
Net Revenue
2,075.23
62% manufacturing USD 64

and assembly plants million USD 300 million
have ISO 14000 Net Income EBITDA
certification
2017 2018 2019
Source: VITRO, S.A.B. de C.V., Annual Report as of 2019

7.2 VITRO SAB DE CV - BUSINESS SEGMENTS
VITRO SAB DE CV VITRO SAB DE CV

Revenue Share (%), by Geography, 2019 Revenue Share (%), by Operating Segment, 2019
10%
29%
Domestic Sales
Flat Glass
53% Export Sales

Glass Containers
18% Foreign Subsidiaries
90%
 The geographical segment is based on revenue generation by the location of  The flat glass segment contributed the majority share to the overall revenue
the company. The company generated its majority revenue outside Mexico generation of the company. This segment consists of glass required for
from foreign subsidiaries and export sales. The revenue from foreign architectural and automotive purposes. However, due to poor economic
subsidiaries represented an YoY decline of approximately 7.6% in FY2019 as conditions sales in automotive glass declined by 2.6% in 2019 as per 2018.
compared to FY2018. Architectural Glass business too weakened by 2.4% in 2019 due to cost
pressure and intense competition.
 The revenue generated in domestic sales showed minimal decline of 3.4% in
FY2019 as compared to FY2018. In 2019, the Mexican economy saw next to no  Also, the glass containers business generated USD 218 million revenue in
growth. The economic activities in rest of Latin America, particularly in the FY2019, as compared to USD 235 million in FY2018, a decline in sales by of
countries where the company operated, weakened. 7.1%.
 Export sales increased by 18.6% YoY compared to the same quarter in 2018, as  Container sales too declined in 2019 by 1.7% due to decline in sales of
part of the efforts aimed at compensating for lower volumes in the United premium liquor, pharmaceutical, perfumes and fragrance markets in Mexico
States. By contrast, sales volumes in Mexico increased by 2% YoY, mainly driven even though the company experienced higher export sales of value-added
by export of value-added products to the United States. products to the US perfume segment, and higher exports of fragrance
containers.
7.2 VITRO SAB DE CV – PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
The company manufactures architectural glass, automotive glass, glass containers,
chemicals and machinery & equipment for the glass industry.
Glass Containers
TECHNOLOGY ACQUISITION
They are available for 3 major end-user industries:
◼ Cosmetics- Containers for fragrances bottles, jars, nail enamel jars, toiletries
containers.
 Increasing volume generation in terms of new products and segments venturing into
i. SUMMER 100 ML: Capacity 100ml, Height 92mm, Diameter 87mm, the new market niches are the key strategies undertaken by the company to fulfill the
Shape: Oval growing demand for cosmetic and fragrance packaging in the US market, and the
ii. CYLINDER 100 ML: Capacity 100 ml, Height 149mm, Diameter 41mm higher sales in the domestic pharmaceutical industry.
 Diversification of client portfolio, both geographically and in services, opening the
iii. POMADERA 1 OZ: Capacity 30 ml, Height 35.7mm, Diameter 50mm options of molds and materials, machinery and equipment, engineering services,
◼ Pharmaceuticals- Glass containers for injection vails, syrup bottles, droppers, special equipment, and automation, are also some of the other strategies taken by
multi use containers, wide mouth jars and infusion bottles. Containers for the company.
pharmaceutical purposes are available in transparent glass and amber colors.  The company believes that innovation is a corporate value that allows to offer
i. Antibiótico 10 ml: Capacity 10ml, Height 46.8mm, Diameter 23mm competitive products. Because of this, each of the company’s business units has a
technology team dedicated to improving its processes and products to satisfy
ii. Gotero 15 ml: Capacity 15ml, Height 69.8mm, Diameter 27mm customers.
◼ Liquors- Various kinds of shapes and sizes of liquor bottles are available to  Vitro follows the business model that offers an integrated manufacturing process
suite each type of alcoholic beverage. with high-tech innovative finishes. The development time for new products is highly
competitive, since it requires personalized attention to the specific needs of each
i. LICORERA ROUND 375 ML: Capacity 375 ml, Height 235.5mm, client.
Diameter 64.4mm
 In Sep 2015, Owens-Illinois, Inc. acquired the Vitro food and beverage glass container
ii. BACALAR 750 ML: Capacity 750ml, Height 209.7mm Diameter business from Vitro, S.A.B. de C.V. in a transaction valued at approximately $2.15
132.6mm billion. Owens-Illinois, Inc is one of Vitro’s key competitors.
7.2 VITRO SAB DE CV
Revenue from Container Sales in USD million, 2017-2019
235
218
216
2017 2018 2019
Source: VITRO, S.A.B. de C.V., Annual Report as of 2019
61 REPORT – LATIN
REPORT
AMERICA
– LATIN
GLASS
AMERICA
BOTTLES
GLASS
& CONTAINERS
MARKET MARKET
7.2 VITRO SAB DE CV - SWOT ANALYSIS
◼ The company has a wide geographical presence, in terms of
◼ Two challenges faced by the company are the increase in electrical
manufacturing plants, offices, customers, and vendors, and has
strategically achieved strong global presence, which strengthens energy costs and the growing presence of competitors in Mexico.
its business with expertise of over 111 years.
◼ The company caters to only cosmetics and pharmaceutical
◼ It has a wide product portfolio to cater many industries with
customized and designed products. industries with respect to it’s container business.
S W
◼ Vitro can capitalize on the growing opportunities in the premium
liqueurs market, that is very similar to perfumes, involving the ◼ The company has a limited product portfolio in the glass
design of exclusive, sophisticated bottles of the highest quality
containers market, especially after it sold its food and beverage
glass. Vitro has the ability and equipment necessary to serve this
niche. glass containers business to Owens-Illinois Inc. Due to this, the
◼ Another segment to venture out into could be home items like company may face intense competition from the other market
soap dish, candle jars and air fresheners.
players in the glass bottles and containers business.
◼ The company must utilize the opportunity to manufacture
Injection vials as newer vaccines will be introduced in 2021-22

7.3 WHEATON BRASIL - OVERVIEW
 Wheaton Glass Brazil is one of the largest industries in the

country in glass supplies glass packaging products,
perfumery and cosmetics, pharmaceutical, food, and
housewares.
 The company currently work with 4 continuous furnaces

with a production capacity of 300 tons of glass per day.
 It is a leader when it comes to customized glass packaging

for its clients and hence relies on 7 color feeders totally
committed to the Perfume and Cosmetic industry, and it
Founded in 1952 has a decoration unit personalizing the flasks for the most
demanding clients.
São Bernardo do Campo , SP - Brazil  The company maintains an Environmental Management
System based on ISO standard which helps it control,
reduce and eliminate the environmental impacts produced
https://www.wheaton.com.br/ by its activities.
 Wheaton Brasil Group recycles each year an average of

55 11 4355-1888 5,000 tons of post-consumer glass, in its 4 stages of
melting. Shards are an important component in the
casting of glass, facilitating its fusion and saving energy
 It manufacturers glass bottles and containers for

cosmetics, pharmaceutical, food & beverage segments as
well as cups, mugs, beer glasses and vases.

7.3 WHEATON BRASIL– PRODUCT AND STRATEGIES
PRODUCTS STRATEGIES
◼ Perfumery and Cosmetics:
The company offers perfumery and cosmetic products in many categories with
various shapes, dimensions, capacities, and neck finishes, such as :- TECHNOLOGY
i. Fantasia 100ml: Capacity 100 ml, Color: Flint, Finish: FEA 15MM, Dimensions
53.8 × 124.7 mm
ii. Harmonia 200 ml: Capacity 200ml, Colour Flint, Finish: Proof pilfer 28mm, ◼ The company thrives to offer customers with world class services of glass bottles,
Dimensions: 75.5 × 167.3 mm so that it becomes the global reference in the industry.
◼ Pharmaceuticals: ◼ The company is focusing on its people as glass-making and finishing are not
The company offers pharmaceutical packaging in forms of injectable vails, dropper easily learned skills. They are based on precise and rare expertise acquired over a
containers and various pilfer proof packaging with different shapes, capacity, and long period of time. It also focuses on acting for the society and eco-solutions, so
neck finishes, such as :- that various partners of the company can make a local presence and have a
sustainable procurement and good business ethics.
i. PP 24mm: Capacity 30ml, Color: Amber, Finish: Proof 24mm pilfer, Dimensions:
33 × 74.1 mm ◼ The company strives to make Brazilian packaging the best in the world by
developing processes to manufacture unique surface finishes and labelling
ii. Injetaveis: Capacity 13ml, Colour: Flint, Finish: BR 20mm, Dimensions: 26.6 ×
techniques.
58.8 mm
◼ The company currently operates on four continuous furnaces with a production
◼ Food and Beverages:
capacity of 1 billion bottles per year, or 300 tons of glass per day with 24
Various flint color jars with volumes ranging from50ml to 360ml are available. production lines. Wheaton Brasil is able to meet the market expectations by
i. Criativa: Capacity: 181ml, Color: Flint, Finish: RPWB 58mm, Dimensions:60 × excelling in technology for glass melting, oxygen and regenerative combustion
84.1 mm and computerized monitoring.

7.3 WHEATON BRASIL - SWOT ANALYSIS
◼ The company does not manufacture glass for industrial or

◼ The company has a very strong product portfolio with products automobile purposes.
catering to cosmetics, pharmaceuticals, food and beverage as well
as tableware markets. ◼ Wheaton Brasil does not have many products under food and
beverage packaging. Currently they do not cater to alcoholic
◼ Along with the domestic clients, the Wheaton Glass Brazil also beverage industry.
contributes to clients from over 40 foreign countries.
S W
◼ The emerging packaging market will help boost the sales.
◼ The share of company in food and beverage packaging is very
◼ The company has won various awards for enhancing Brazilian
less as compared to it’s competitors as Wheaton Brasil does not
packaging. This recognition will help the company cater to
more international clients. cater to the emerging beer and wine market.

7.3 WHEATON BRASIL - RECENT DEVELOPMENTS

Wheaton Brasil announced the acquisition of Verescence’s Sao

Paulo plant. This is a strategic merger as it’ll guarantee an increase
of about 28% for Wheaton in Brazil, which will see its turnover rise
to BRL $1 billion.
The deal will make Wheaton one of the largest global packaging
operations for the world's perfumery and cosmetic glass. It will also
strengthen and expand its leadership in the domestic market.
APR 2020
E I
March 2018
Wheaton Brasil announced the installation of Vertech’s SIL technology at its
Sao Paulo glass manufacturing plant. The Sao Paulo facility specializes in the
production of cosmetics bottles. This technology will allow glassmakers like
Wheaton Brasil to maintain and improve the quality of their products and
help in fault tracing.

7.4 SAVERGLASS – OVERVIEW

 Saverglass specializes in the production, customization, and
decoration of glass bottles for premium and super premium
brands.
 Saverglass primarily services the markets that deal in fine
wines and champagnes, premium spirits, perfumes,
cosmetics, as well as gourmet food. With the company’s
glass expertise, it is recognized for its innovation, quality of
its products, and its designs.
 The company currently has 3,400 employees and 17
Founded in 1897 distribution subsidiaries and offices across the world. The
company currently exports its products in more than 100
countries.
Feuquieres, France
 With the company’s glass expertise and acknowledged for
its innovation, the quality of its products, and its designs,
+33 344464545 Saverglass is the favored partner of brand creators and
manufacturers of the finest wines and spirits in the world.
https://www.saverglass.com/en  The company operates as a fully-owned subsidiary of the
Carlyle Group, which is private equity group. The acquisition
took place in March 2016.
 In Nov 2018, Saverglass celebrated the opening of its new
$120 million Mexican plant. The glass production site and a
decor plant is located at Acatlán, in the state of Jalisco in
Mexico.
7.4 SAVERGLASS – PRODUCT AND STRATEGIES

PRODUCTS STRATEGIES
The aim of the Saverglass Mexico plant is to respond to the increasing trend for
premiumization in the drinks sector. The containers manufactured here are
TECHNOLOGIES ACQUISITIONS
exported to the region around. For example: packaging of tequilas and mezcals
in Mexico, fine wines and spirits in the United States and rums in the Caribbean.
Bottles have UV filtration characteristics which are often sought after by many
◼ The company’s expertise ranges from manufacturing to customized glass.
wines and spirits manufacturers. Saverglass caters to the market for premium and super premium bottles. The
company’s production tools, and expertise are used to manage significant order
◼ Spirits: The company offers glass bottles for spirits in more than 100 ranges volumes, while also meeting the specific requirements of its customers for special
in different categories, heights, weights, shapes, and capacities. Hercules, and short runs.
Bubble, Tonic, Decanter Alix are some of the products in this segment. ◼ The firm has always been committed toward sustainable development and has
implemented industrial and technological manufacturing processes that are
◼ Still Wine: The company offers glass bottles for still wine in more than 90 economically efficient, environmentally friendly, and socially responsible.
ranges in different categories, heights, weights, shapes, and capacities. Flute ◼ The new production facility in Mexico is situated in the state of Jalisco, a few
Allegro, Bourgogne Antik, Bordelaise Apparat, and Constance are some of the kilometers from the town of Tequila, and 40km from Guadalajara, the 2nd largest
city in Mexico City. It is also near the ports of Manzanillo serving the Pacific Coast
products in this segment.
and Veracruz on the East Coast, and is also close to major roads and railways
leading to the rest of the Americas. This strategic location helps the company cater
◼ Sparkling Wine: The company offers glass bottles for sparkling wine in 15
to the demand from all the nations nearby and aids in exports.
ranges in different categories, heights, weights, shapes, and capacities.
◼ The Saverglass Mexico plant currently operates an oven with the capability of
Cremant Prestige, Champenoise heritage, and Cremant Premium are some of producing 85,000 tons or 120 million bottles in two colors: Extra White flint and
the products in this segment. Antique glass.
7. 7.4 SAVERGLASS - SWOT ANALYSIS
◼ Being a part of an equity company, the company might experience

◼ The company has a diverse range of offerings, with more than 260 constant pressure for performance as it is prone to ownership
products in the wine and spirit sectors. change due to subpar performance. This may limit its overall
◼ The company is expanding its operations, globally. It caters to revenue across its operating future in near future.
many industries, including premium spirit and high-end wine
production zones in Europe and the United States, close to the
New World vineyards (California, Australia, New Zealand, South
Africa, etc.), the Middle East and Latin America
S W
◼ The company caters to the niche market of luxury bottle
◼ The facility in Mexico is expected to reach annual production of
manufacturing, which can be a cause for concern because any
120 million bottles per year, boosting overall annual production
downturn in the market can affect the profitability of the
to 720 million bottles over time.
company due to the presence of high competition.
◼ The company’s expansion into Asia-Pacific region may provide
◼ The company’s growth could be effected by the stringent
ample opportunities to increase its revenue. The high
environmental regulations being enforced by various bodies
population, rising middle class, and increasing standard of
from time-to-time.
living may positively impact the company.

7.4 SAVERGLASS – RECENT DEVELOPMENTS

NOV 2018
E
Saverglass setup a USD 120 million glass manufacturing and
decoration plant at Acatlán de Juárez, Guadalajara in Mexico. This
facility produced 75 million bottles over the first year and is expected
to produce more than 120 million bottles in the coming years.

7.5 OWENS-ILLINOIS INC. - OVERVIEW

◼ Owens-Illinois (O-I) is one of the prominent manufacturers of glass containers, having market
presence with more than 49,000 customers in 85 countries around the world. O-I offers more
than 10,000 types of glass containers, such as bottles, in a wide range of shapes, sizes, and
colors, which are used to hold beer, wine, liquor, soft drinks, juices, and other beverages.
Founded in 1929
◼ The company also makes glass containers for food products, such as soups, salad dressings,
and dairy products, and for pharmaceuticals. Some of its products are made using recycled
glass. Some of the major customers of the company are Anheuser-Busch InBev, Coca-Cola, Ohio, United States
Diageo, H.J. Heinz, and Nestle.
https://www.o-i.com/
◼ The company has 78 manufacturing plants in 23 countries around the globe. In the Latin
American region the company ahs 19 production locations across Argentina, Brazil, Colombia,
+1 567-336-5000
Ecuador, Mexico and Peru.
OWENS-ILLINOIS INC.
USD 6,691 Net Sales in USD million, 2017 -2019
+27,500 USD 1,208 million
million Gross Profit
Net Sales Employees
6869 6877
6691
78 USD 68 million 54.1% of
Manufacturing R&D and Revenue
Facilities Engineering Expense From the
Americas
2017 2018 2019
Source: Owens Illinois Inc. 10K Report for the year ended December 31st, 2019.

7.5 OWENS-ILLINOIS INC– BUSINESS SEGMENTS
OWENS-ILLINOIS INC. OWENS-ILLINOIS INC.

Revenue Share (%), by Geography, 2019 Revenue Share (%), by Customer End Use, 2019
9.5% 13.1%
Americas Europe Alcoholic beverages (beer, wine, spirits)
0.7%
0.7% Food and other
19.5%
35.7% 54.1%
Asia-Pacific Other Non-alcoholic beverages
66.6%
Other
◼ The company’s net sales in 2019 were USD 6,691 million, as compared to USD
◼ Net sales in the Americas in 2019 were USD 3,622 million, as compared to USD
6,877 million in 2018. The net sales in 2019 were down by 3% compared to
3,638 million in 2018. The decrease was majorly due to the total glass container 2018, primarily due to the unfavorable effects of changes in foreign currency
shipments, which were down by approximately 2%, primarily driven by lower exchange rates and lower organic shipments, partially offset by incremental
sales from the Nueva Fanal acquisition in Mexico and higher prices.
shipments to alcoholic beverage and non-alcoholic beverage customers.
◼ The net sales from the Alcoholic Beverages segment decreased as the net sales
◼ The key to the company’s Latin American success is strong relationships with amounted to USD 4,459 million in 2019, as compared to USD 4,554 million in
local partners. The company started out in the region by establishing joint 2018. The Americas experienced declining shipments to its alcoholic beverage
ventures with the local manufacturers. The local partners facilitated the customers, primarily in the beer category.
company to understand the landscape and develop networks and relationships. ◼ Excluding the impact of the Nueva Fanal acquisition, the total glass container
shipments in metric ton were down by approximately 2% in 2019, compared to
Owens-Illinois uses local management and a team of local advisors who helps
the same period in the prior year, and were primarily driven by lower alcoholic
them address cultural, legal, and operating issues. beverage shipments in the Americas.
7.5 OWENS-ILLINOIS INC. - PRODUCTS AND STRATEGIES

PRODUCTS OFFERED
STRATEGIES
The company has a product portfolio combining many shapes, sizes, color variants
and refillable options for most of the glass containers. The categories for glass
bottle and container packaging are as follows: TECHNOLOGY ACQUISITION
◼ Alcoholic Beverages:- In alcoholic beverages, the company offers products in
the wine, beer, and spirits category. In the wine category, it offers Bordeaux,
◼ The company focuses to be a preferred supplier for glass packaging in the global food
Burgundy, and other categories of bottles. In the beer category, it offers Artisan,
and beverage industry, by significantly improving the customer experience, aligning its
Brewmaster’s extended collection, Brewmaster’s standard collection, growler, activity with customers’ value, improving quality and flexibility, and improving
and refillable collection categories of bottles. In the spirit category, it offers the innovation and speed of commercialization, as well as increasing sales, marketing, and
Covet Classics collection and Heritage collection. end-to-end supply chain capabilities and talent.
◼ The company wants to be the most cost-effective producer in the global glass
◼ Non-alcoholic Beverages:- In non-alcoholic beverages, the company offers
packaging segment by ensuring asset stability and total systems cost management,
pressurized and non-pressurized categories of bottles. increasing efficiency, leveraging automation, and improving quality, cultivating game-
changing concepts that create new competitive advantages, and focusing on continuous
◼ Food:- In food, the company offers products, such as hot sauce, jars, large jars,
improvement.
pourable sauces, and vinegar/salad dressings/oils.
◼ In November 2019, the company became the first company in the packaging industry to
◼ Drugs and Chemicals:- The O-I offers products that are protected, safe, and issue a Green Bond and develop a Green Bond Framework, furthering its commitment
pure in order to meet packaging standards, by safeguarding their content from to sustainability throughout its global manufacturing operations and glass packaging.
oxygen invasion and cross contaminations. Its superior barrier protection makes ◼ Owens-Illinois, Inc. announced the acquisition of Nueva Fanal from Grupo Modelo in
glass a preferred packaging option in the pharmaceutical and chemical market. July ‘19. The transaction was valued at approximately 188 million USD.

7.5 OWENS-ILLINOIS INC. – GLASS BOTTLE SHIPMENT
Glass Bottle Container Shipment in kilo metric ton, (Approximate Value),
12546 2016-2018
12300
12177
2017 2018 2019
Source: Owens Illinois Inc. Annual Report as of December 31st, 2019.
74 REPORT – LATIN
REPORT
AMERICA
– LATIN
GLASS
AMERICA
BOTTLES
GLASS
& CONTAINERS
MARKET MARKET
7.5 OWENS-ILLINOIS INC - SWOT ANALYSIS
◼ The company’s decreasing revenues, due to the decreasing

◼ The company heavily invests in R&D to develop high-performance volume of glass container shipments, is affecting its ability to
and energy-efficient products. In FY 2019, the company earned generate profits. The company’s revenue was estimated at USD
USD 12 million in royalties and net technical assistance revenue. 6,691 million in 2019, as compared to USD 6,877 million in 2018.
Also, the net loss attributable to the company amounted to USD
◼ Owens-Illinois’ strong market position enabled it to build brand
400 million in 2019, as compared to USD 257 million net profit in
equity and helped it establish itself as a leading provider of glass
2018.
containers in the world. The company serves over 49,000
customers, providing more than 10,000 product offerings in 86
countries.
S W
◼ The market is witnessing a drop in the sales of alcoholic
◼ The rising global demand for containers and packaging may
beverages due to the Corona virus outbreak, which may affect
provide growth opportunities to the company in the markets it
the future sales of the company.
operates.
◼ Unfavorable changes in foreign currency exchange rates are likely
◼ After the acquisition of Nueva Fanal from Grupo Modelo in to increase the company’s expenses. The effects of foreign
currency exchange rates decreased Americas’ operating profit by
Mexico, the company has entered into a long-term glass
$6 million in 2019.
supply agreement to continue to supply Grupo Modelo.

7.5 OWENS-ILLINOIS INC. – RECENT DEVELOPMENTS

July 2019
E
Owens-Illinois Inc. completed the acquisition of Nueva Fábrica Nacional de
Vidrio, S de RL de CV from Grupo Modelo. The Nueva Fanal facility is located
near Mexico City, Mexico. Currently, this plant has four furnaces to produce
and supply approximately 300,000 tons of glass containers annually for
Grupo Modelo brands serving the local and global export markets.
O-I expects the business to contribute approximately $140 million of

revenue and 40 million USD EBITDA on an annual basis.

7.6 GERRESHEIMER QUERÉTARO SA - OVERVIEW
 Gerresheimer group is one of the leading global players in the pharma and healthcare industry.
The company contributes to the health and wellbeing industry through its specialty glass and
plastic products. Worldwide operations of the company employ about 10,000 people that
manufacture the products in local markets, close to its customers.
 Gerresheimer has plants in Europe, North America, South America, and Asia, and it generates Founded in 1864
revenues of approximately EUR 1.4 billion. Gerresheimer Querètaro, a fully owned subsidiary of
Gerresheimer group produces 1.3 billion units per year, It delivers to customers in Mexico and
export to the USA, Canada, Central America, Brazil, Chile, Argentina, Germany, Austria and India, Düsseldorf, Germany
among others. The revenue generated by Gerresheimer Querètaro S.A is expected to be 26.87
million USD as per Dun & Bradstreet.
https://www.gerresheimer.com
 Gerresheimer provides the complete portfolio of standardized and customized packaging,
which are made of molded glass for the beverage industry. The products offered are available in
amber, clear, colored, or opal glass, and in a multiple variety of shapes. +49 (0) 211 / 61 81-00
GERRESHEIMER AG
EUR 1392.3 EUR 82.7 Revenue in EUR million, 2017-2019
+9,872 million
million Employees 1,392.3
Net Income
Revenue
1,367.7
1,348.3
45.2% of
EUR 3.6 EUR 400
Revenue
million million
from Primary
R&D Expenses EBITDA
Packaging Glass 2017 2018 2019
Source: Gerresheimer AG Annual Report for the financial year ended on November 30, 2019

7.6 GERRESHEIMER QUERÉTARO SA - BUSINESS SEGMENTS
GERRESHEIMER AG GERRESHEIMER AG
Revenue Breakdown (%), by Operating Segment, 2019 Revenue Breakdown (%), by Geography, 2019
Europe
16.2%
33.0% Germany
Plastic and Devices 1.4%
45.2% 0.5%
Americas
54.3%
Primary Packaging Glass 27.4%
Emerging Markets
Advanced Technologies 22.1%

Other
◼ At EUR 753.1 million, revenues at constant exchange rates in the Plastics & Devices ◼ In t the Americas region, revenues went up by 1.7%, from EUR 374.8 million to
Division were close to the prior-year level of EUR 753.6 million. Alongside, strong EUR 381.0 million in the financial year 2019. The appreciation of the US Dollar
growth was witnessed in the syringe business, which was substantially up in the against the Euro had a significant impact here. Due to the presence of global
prior year. Due to the temporary dip in demand for plastic vials for prescription pharma companies and the country’s demographic potential, the United States
drugs in the United States, revenues in this business unit declined. in particular will remain a core region for the company’s business activities.
◼ In the Primary Packaging Glass Division, revenues at constant exchange rates rose ◼ Revenues in the Europe region remained in 2019 at the prior-year level, at EUR
by 2.6% or EUR 16.0 million from EUR 608.7 million in the financial year 2018 to 459.2 million. The proportion of revenues attributable to the Europe region was
EUR 624.7 million. Within this, the Moulded Glass Business Unit delivered very 33.0%, as against 33.6% in the prior year. Revenues in Germany rose by EUR 3.0
positive growth rates, notably driven by the strong demand in the company’s million or 1.0% from EUR 304.5 million in the prior year to EUR 307.5 million in
the financial year 2019.
cosmetics business.
◼ Revenues in the emerging markets rose significantly, from EUR 206.8 million in
◼ The Mexican plant at Querétaro produces Type I- and Type III glass ampoules, the prior year to EUR 225.7 million in the financial year 2019. This increase is
serum vials, screw thread vials, ADD-Vantage vials, RTF syringes and vials, primarily attributable to China, India, Brazil, Mexico, and Poland.
cartridges, onion-skin-tubes and specialty products
7.6 GERRESHEIMER QUERÉTARO SA - PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
The company offers glass products in various segments, namely pharmaceutical primary
packaging, cosmetics and fragrances, food & beverage, and life science.
◼ Pharmaceutical Primary Packaging: The company’s molded glass product line
covers all the pharmaceutically relevant glass categories using borosilicate glass of TECHNOLOGY ACQUISITION
type I and type III. In addition to the products made of amber and clear glass, the
firm also produces colored pharma glass and opaque opal glass.
Gerresheimer offers various products in pharmaceutical packaging, which includes: ◼ Understanding the present and future needs of the customers and providing
appropriate solutions for the same are the primary strategies of the company. The
▪ Glass bottles and vials: The products are offered in different ranges, according company also collaborates with customers to break new ground, in terms of product
to the location, such as Europe, United States, and India. innovation and new technology.
▪ Prefillable Glass vials: The company offers a large portfolio of injection vials, ◼ In the Primary Packaging Glass Division, the company forecasts revenue growth with
the glass primary packaging, such as pharma jars, ampoules, injection vials, perfume
with and without blowback, produced according to standards.
flacons, and cream jars. The company will continue to invest in automation as well as
▪ Prefillable Glass Syringes: Gerresheimer Bünde is the Center of Excellence for in expanding the global capacity and product portfolio in the financial year 2020. This
prefillable glass syringes and glass cartridges. The company develops and will include, for example, a significant expansion of production capacity for high-
quality vials. A substantial furnace expansion to increase capacity at a European plant
produces both standard products and customized product solutions.
in the Moulded Glass Business Unit is likewise scheduled for 2020.
▪ Cartridges made of glass for pharmaceutical: The company offers high-quality ◼ In addition, the company is investing above all in standardizing its glass production
cartridges with fill volumes ranging from 1.5 to 3.0 ml (sizes up to 10.0 ml on machinery and in automating processes and quality control. The company expects
request) for various pharmaceutical applications. revenue growth in all regions with products for both the pharmaceutical and the
cosmetics industries.
▪ Ampoules made of glass for pharmaceutical: The company offers a broad
◼ It the only plant in the world to manufacture the largest range of packaging for the
portfolio of pharmaceutical ampoules in type I pharma glass. The standard
pharmaceutical industry including ampoules, vials, prefillable syringes, ready to fill
range covers ampoules made of flint and amber glass with filling capacities vials, ultra-thin wall ampoules and dental and insulin cartridges with the production
from 1 to 30 ml. capacity of more than 1.7 billion units per year.
7.6 GERRESHEIMER QUERÉTARO SA
Revenue of GERRESHEIMER AG
from Primary Packaging Glass in EUR million (2017-19)
631.6
605.2
592
2017 2018 2019
Source: Gerresheimer AG Annual Report for the financial year ended on November 30, 2019
80 REPORT – LATIN
REPORT
AMERICA
– LATIN
GLASS
AMERICA
BOTTLES
GLASS
& CONTAINERS
MARKET MARKET
7.6 GERRESHEIMER QUERÉTARO SA - SWOT ANALYSIS
◼ The company generated 81% of its revenues from the revenues in

◼ It has been constantly ensuring the standardization of the
the pharma and healthcare segment in 2019. This is a major
processes involved in the production of its products across the
weakness of the company as it is unable to diversify its revenues,
world. This helps in ensuring that the production of best quality
in spite of serving the multiple end-user segments .
products takes place at a location closest possible to the
customers.
S W
◼ As the company specializes in glass containers for ◼ The company generates a large portion of its revenue from the
pharmaceutical purposes, it will have huge demand in coming healthcare sector where the regulatory environment is highly
years as distribution of COVID-19 vaccine begins.
dynamic. The timing and volume of the launch of a drug is
◼ The company, as of now, derives very little revenue from the completely dependent on the decisions of the competent
food and beverage segment. Also, there is a huge potential for
the growth of the company in this segment. authorities, creating corresponding risks for the primary
packaging of the company.

7.7 VIDRIO FORMAS SA DE CV – OVERVIEW
 The company specializes in the manufacture of exclusive

glass containers.
 In 1980’s Vidrio Formas SA de CV started its operations

with manual and fully mechanical production systems.
The packaging production was limited to a maximum of
15 tons per day.
 However, over the years with developments the company

Founded in 1988
increased its installed capacity to 180 tons with the help
of an additional system of burners in the furnace vault.
Lerma, Mexico
 The company provides solutions to satisfy the need for
+52 (728) 285 2330 glass containers for the domestic and international
liquor, food, industrial paint markets. They also
https://www.vidrioformas.com/ manufacture stock glass containers ranging from 15ml to

2000ml and specialize in developing exclusive containers
for their clients.

7.7 VIDRIO FORMAS SA DE CV – PRODUCTS AND STRATEGIES

PRODUCTS STRATEGIES
Vidrio Formas S.A. de C.V. has segmented its products into 3 major end-user
categories:
◼ Wine and spirits line- Containers suitable for various types of alcoholic TECHNOLOGY
beverages are categorized in this segment. Each product is available in a
variety of sizes, capacities, heights and finishing type. This category has an
exhaustive list of products.
i. Amphora
 Increasing volume generation in terms of new products and segments venturing
ii. Walker
into the new market niches are the key strategies undertaken by the company to
iii. Carnival fulfill
◼ Food line- Glass containers for syrup bottles, Jams and jellys, juices, salad  The company has expanded its production by installing new furnaces and
dressings, honey, etc. fall in this category. Most jars are available in a wide
range of capacity ranging from 120ml to 1000ml. production lines over the years.
i. Picosita Sauce  The company manufacturers spirit bottles and food and beverage jars for global
brands including Nestle and Kraft.
ii. Cylindrical jar
iii. Texan jar

◼ Industrial line- This category includes jars and bottles for industrial purposes.
It consists of only 3 products.
i. Industrial jar 1 of small capacity of upto 30 ml
ii. Industrial jar 2 of capacity upto 1000ml
iii. A candle mold of 465ml

7.7 VIDRIO FORMAS SA DE CV - SWOT ANALYSIS
◼ With an experience of over 40 decades, the company had ◼ Two challenges faced by the company are the increase in electrical
specialized in the production of customized products for clients. energy costs and the growing presence of competitors in Mexico.
◼ The company caters to only cosmetics and pharmaceutical

industries with respect to it’s container business.
S W
◼ The company does not product containers for pharmaceutical
◼ The company has a limited product portfolio in the glass
purposes. As the pharma sector is expected to require multiple
containers market. Its lack of product segments might be a cause
vails and containers in coming years, the company should
for the company not attracting a wide range of clients for varied
manufacture products for pharmaceutical industry.
industries.
◼ The company currently does not cater to perfume and cosmetics
industry .

7.8 ALL AMERICAN CONTAINERS – OVERVIEW
 All American Containers is a privately owned subsidiary of

Veritiv. It specializes in supply of glass, plastic and metal
containers, tubes and dispensers, and plastic and metal
closures in the United States and rest of the world.
 All American Containers owns more than one million
square feet of warehousing facilities strategically located in
various US states, including Tampa, Atlanta, Pittsburgh,
Chicago and Houston. The company exports its products
to more than 50 countries around the world
Founded in 1991
 It has 9 facilities In USA and one in the Latin American
region at Puerto Rico.
Florida, United States of America
 It has a extensive product mix of rigid packaging products
including plastic, glass and metal containers, caps, closures
+1 305-887-0797 and plastic pouches.
 All American Containers had trailing 12 month revenues of
approximately $225 million as of June 30, 2017 after which
https://www.allamericancontainers.com/
it was acquired by Veritiv. The company had approximately
260 employees.
 After its acquisition by Veritiv, the company is focussed on
expanding its production by building more production
lines at the existing locations.

7.8 ALL AMERICAN CONTAINERS – PRODUCTS AND STRATEGIES

PRODUCTS
All American Containers has a wide product range in glass containers and bottles
market. It’s products are divided in the following segments:
◼ Beer, spirits & beverages: Offers many bottles in varies sizes and capacities TECHNOLOGY
along with components, including bottle-neck sleeves, tamper-evident seals,
corks, screw caps and bar-top stoppers.
◼ Cosmetics and personal care: They offer a variety of options for beauty product
bottles, jars and closures and innovative dispensing systems along with
customized solutions to fit client’s product, timeline and budget.
◼ Food, oil, vinegar and spice: AAC manufactures glass, metal, PET plastic
containers and closures. Recyclable material options are also available. Custom
label programs are offered help clients to distinguish their brand. The company’s
decades of packaging experience helps them to meet and often exceed FDA
guidelines.
◼ Pharma, nutra and supplements: The company offers a wide range of products
suitable to the pharmaceutical industry with varied sizes, color variants and
capacities. It also offers specialized containers for products with CBD or hemp.
◼ Wine: AAC has specialized the glass bottle manufacturing for wine and beer
industries. They offer customized packaging based on bottle finish, size, style and
capacity.

7.8 ALL AMERICAN CONTAINERS - SWOT ANALYSIS
◼ The company had specialized in the production of customized ◼ The company’s major customers include Coca-
products for clients. Cola, McCormick, PepsiCo, and Seven-Up. All these clients come
◼ AAC has formed synergies along with parent company’s other form the same market segment of non-alcoholic beverage
subsidiaries with respect to logistics, design and packaging. packaging. High dependency on a single market segment can
hamper it’s growth rate.
S W
◼ The company currently has only 1 facility in the Latin American
◼ Other competitors have manufacturing sited at locations with
markets at Puerto Rico. It has no manufacturing sits in regions
cheaper labor, facilities and utilities.
where the perfume, cosmetics and beverage industries are
flourishing like Mexico and Brazil

7.8 ALL AMERICAN CONTAINERS – RECENT DEVELOPMENTS

June 2017
M
Veritiv Corporation announced it has completed the acquisition of All
American Containers. Through this acquisition, Veritiv is gained important
expertise in rigid plastic, glass and metal packaging which complemented
their industry-leading portfolio of packaging products and services.

8. MARKET OUTLOOK

8. MARKET OUTLOOK
◼ Glass has been one of the primary packaging materials used for the packaging of cosmetic products and
perfumeries. The unique combination of hermeticity, transparency, strength, and chemical durability offered
by glass makes it the optimal material for such an important role.
◼ Even with the advent of materials, such as plastics and metal cans, glass remains the most common
packaging container for parenteral purposes; and the trend is expected to continue in the future. The
introduction of new labeling techniques, coupled with ever-changing consumer preferences, helps
manufacturers invent new forms of glass packaging for cosmetic products.
◼ Sustainability is driving major changes in consumer packaging. Fast-Moving Consumer Goods companies
and retailers are proactively making bold commitments to enhance both the sustainability of their packaging
and fundamentally rethink their packaging systems.
◼ FMCG manufacturers & retailers have begun to experiment with complete packaging redesigns and the
fundamental rethinking of their delivery chains, including circular delivery models. They are looking to curb
plastic-waste generation by experimenting with the use of glass in returnable systems. Moreover, major
brands are starting to self-regulate.
◼ Coca Cola announced its plans to make 100% of its packaging recyclable globally by 2025 and use at least
50% recycled material in its packaging by 2030. The company strives to make all its glass bottles, aluminum
cans, and plastic bottles recyclable.
◼ Previously, Latin America had relatively low sustainability commitments with few regulations in place through
the early 2000s. However, in the past few years, there has been a considerable rise in awareness. Between
2016 and 2019, many local and federal bills have been approved or proposed in countries across the region.
◼ The government initiative to limit plastic use for various environmental concerns will boost the glass
packaging industry in the future. Several parts of the region have introduced legislation to restrict or ban
plastics. For example, Costa Rica pledged to become one of the world's first countries to be single-use
plastics free by 2021. This would open up opportunities for glass bottles and containers where end-users
verticals would adopt glass packaging in the future for the majority of their products.
◼ Latin American consumers show a great deal of interest in sustainable packaging. Consumers in Brazil
perceive the glass to be more sustainable and visually appealing than plastic. However, glass is heavy, easily
breakable, and needs substantial energy to transport.
90 REPORT – LATIN
REPORT
AMERICA
– LATIN
GLASS
AMERICA
BOTTLES
GLASS
& CONTAINERS
MARKET MARKET
8. MARKET OUTLOOK
◼ Hence, In 2019, packaging manufacturer Amcor developed the first PET bottles for pasteurized beer in
Brazil. Utilizing PET for New Age’s Salzburg beer brand provided a glass-like container combined with the
convenience of lightweight and shatter-resistant PET. The company has also developed transparent 1L PET
bottles exclusively for prominent Brazilian dairy company Letti to replace the traditional white HDPE bottles.
Such innovation highlights the opportunity to utilize the visual appeal and quality perceptions of glass while
offering a sustainable packaging solution.
◼ CBC is a multinational corporation of beverages founded in 1885 that operates in South America, Central
America, and the Caribbean, and having the biggest portfolio of products in the region. The company
encourages the formation of micro-enterprises dedicated to the recovery and commercialization of
recyclable materials, with an emphasis on post-consumption bottles, cans, and non-returnable glass bottles.
◼ Also, in recent years, light-weighting of glass bottles has become a focal point in the industry, compared to
the traditional glass bottles, and is expected to remain the same in the coming years. For instance, Verallia
SA started operations in the Jacutinga plant in Minas Gerais state (Brazil) to meet the growing demand for
lightweight bottles in the region. Premiumization is also a growing trend in the region. For instance, Mexico
is witnessing an increasing trend for premiumization (sophisticated bottles) in the drinks sector, for example,
tequilas and mezcal. This, in turn, would push the vendors to produce sophisticated bottles in the near
future.
◼ The growing consumption of alcoholic drinks such as beer in Latin American countries is projected to
augment the demand of the glass packaging industry in the near future. Glass bottles offer excellent uses
for the food & beverage industry by maintaining the quality of their contents and protecting the product
from external factors. Anheuser-Busch InBev's Mexican unit, Grupo Modelo, is building a USD 755 million
brewery and bottling plant about 55 miles northeast of Mexico City. The plant is capable of producing about
320 million gallons of beer annually, or 9 million bottles daily. This will create a scope for the market studied.
◼ In December 2020, VSBLTY Groupe Technologies Corp, a provider of security and retail marketing
technology, along with Mexico’s Grupo Modelo and Retailigent Media signed a Letter of Intent to create an
global in-store media network of up to 50,000 Modelorama stores and independent neighborhood bodegas
in Mexico, with the potential to expand to other Central and South American countries by the end of 2027.
The deployment would start in more than 5,000 Modelorama stores and 15,000 neighborhood bodegas
throughout Mexico. Modelorama is Mexico’s second-largest convenience store chain and is owned by the
Grupo Modelo.
91 REPORT – LATIN
REPORT
AMERICA
– LATIN
GLASS
AMERICA
BOTTLES
GLASS
& CONTAINERS
MARKET MARKET
8. MARKET OUTLOOK
◼ Beer packaging is the prominent category in the Latin American region, with glass bottles being the
dominant pack type, reflecting the drive by major brewers to leverage its greatest asset, i.e., returnability.
Latin America's beer industry is highly concentrated around returnable family-sized glass bottles, with eco-
friendly glass weights expected to gain growth in the future. This, together with increased sales of craft and
premium beers, is also helping to drive growth in the use of glass bottles throughout the region.
◼ Glass has been one of the primary packaging materials used for the packaging of Pharmaceutical and
multiple drugs and biologic formulations. The unique combination of hermeticity, transparency, strength,
and chemical durability makes glass the optimal material for such purposes. Companies are encouraged by
the FDA’s role to facilitate the adoption of emerging technologies, such as Valor Glass, with the potential to
enhance biopharmaceutical product quality on a broad scale.
◼ To tackle the increasing demand for Pharmaceutical glass packaging, companies are continuously
increasing their production capacities. In April 2019, the technology group, SCHOTT, invested BRL 50
million in its pharmaceutical tubing production in Rio de Janeiro, Brazil, as part of its global growth
strategy. As the pharmaceutical industry demand increases, the company is contributing to manufacture
100% inspection of glass tubing to detect possible defects.
◼ In Mexico, cosmetics with added sunblock are anticipated to be in increased demand in the coming years.
The National Chamber of the Cosmetics Industry (CANIPEC) is boosting consumer awareness through
educational campaigns about the risks of sun exposure. The Mexican consumer is becoming savvier on this
issue and is starting to look for products that include SPF. The growth of the cosmetics industry is
anticipated to boost the demand for glass bottles in the near future.
◼ Mexico, Brazil, Colombia, and Chile are the top markets in Latin America, witnessing a high growth rate in
the cosmetics industry. Numerous home-grown market players have been witnessed to have flourishing
cosmetics business in Latin America. Growth in the sales of products, such as premium perfumes, skincare,
and hair care products, would drive the demand for glass bottles and containers for the cosmetics industry
in the future.
92 REPORT – LATIN
REPORT
AMERICA
– LATIN
GLASS
AMERICA
BOTTLES
GLASS
& CONTAINERS
MARKET MARKET
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LATIN AMERICA GLASS BOTTLES

• A detailed understanding of the current market dynamics and growth opportunities.

Domain: Packaging Base Year: 2019 Forecast Period: 2020-25

Industry Reports | Consulting | Intelligence Center

2 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

1.1 Study Assumptions and Market Definition 6.3 Argentina

2. RESEARCH METHODOLOGY 6.5 Rest of Latin America

3. EXECUTIVE SUMMARY 7. KEY VENDOR PROFILES

4. MARKET INSIGHTS 7.1 Verallia

5.5 Other End-user Industries

6. MARKET SEGMENTATION BY COUNTRY

3 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

1.2 Scope of the Study

4 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

1.1 STUDY ASSUMPTIONS AND MARKET DEFINITION

◼ Distribution of the primary interviews conducted was based on the regional

◼ As a result of data triangulation, through multiple methodologies and

5 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

1.2 SCOPE OF THE STUDY

BY END-USER INDUSTRY COUNTRY

▪ Pharmaceutical​ ▪ Central America and Caribbean

▪ Other End-user Industries​

6 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

7 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

STEP 1 STEP 2 STEP 3

Decipher client requirements/market to be

Tailor-made research approach for

Effective use of Mordor’s knowledge

Confirm the objectives of the assignment with

8 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

2.1 SECONDARY RESEARCH 2.2 PRIMARY RESEARCH

9 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

2.3 DATA TRIANGULATION AND INSIGHT GENERATION

It is a process of combining the outcomes from different sources, to increase the

An econometric model is a simplified representation of a real-world process.

10 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

11 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

GLASS BOTTLES AND CONTAINERS MARKET

By Country, Mexico accounted for the largest share of 42.27% in the

2019 2020 2021 2022 2023 2024 2025

SOURCE: Mordor Intelligence Analysis

12 REPORT – LATIN AMERICA GLASS BOTTLES & CONTAINERS MARKET

58.1 42.27 Mexico

SOURCE: Mordor Intelligence SOURCE: Mordor Intelligence

4.1 KEY MARKET TRENDS AND INSIGHTS ON THE GLASS BOTTLES

4.1 KEY MARKET TRENDS AND INSIGHTS ON THE GLASS BOTTLES

▪ Pharmaceutical ▪ Central America and Caribbean

▪ Other End-user Industries