Glass Manufacturing Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is anticipated to account for largest revenue share of 40% by 2035. The market expansion in the region is expected on account of the slated demand for infrastructure development and construction projects, which will attract more businesses and consumers and increase its revenue share. According to the World Bank, they provided more than 12 billion to developing countries to support infrastructure development, while highlighting that several developing countries have to spend about 4.5% of GDP for basic improvements in energy, digital, transport, and several other sectors.
China's ever-growing economy and rapid industrialization are set to fuel the glass manufacturing market’s growth. According to a report in 2022, it is projected that by 2035 the urbanization rate of China will cross 78%, which was valued at 66% in 2023.
In Japan there is a surge in urbanization and increasing demand for manufacturing & construction activities along with infrastructure development. According to the UN-Habitat, it is projected that the urban population in Asia Pacific will grow by 50% by 2050.
North America Market Insights
The North American region will also encounter a huge influence on the glass manufacturing market during the forecast period and will account for the second position attributed to the increasing demand for the construction sector. According to a report published by the U.S. Bureau of Census in 2024, there was an increase of about 4.1% in the country’s spending on construction in 2020 as compared to the same study done in 2017. Additionally, consumers are more aware of their packaging choices and are becoming highly aware of the environmental impacts because of them. According to a recently published report, about 13 environmental indicators reported that about 10% of the total life cycle emissions are caused by plastic packaging.
Moreover, Canada is predicted to have a high demand for glass manufacturers propelled by the slated growth rate of the construction sector. According to a report in 2024, the construction industry is one of the main contributors to Canada’s GDP, as employment in construction has increased by 80% since 2002 that is about 1.5 million people now.
