Glass Product Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 32721Revenue
$29.9bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
87,214
Businesses
3,326
Wages
$X.Xbn
Glass Product Manufacturing in the US industry analysis
Glass manufacturers produce products used in construction, manufacturing, agriculture, automotive, telecommunications, hospitality and household markets. Post-pandemic economic measures, such as rising interest rates, have hindered new construction projects, impacting the demand for flat glass. However, consumer spending on glass-intensive products like automobiles, home appliances and electronics has grown significantly. Meanwhile, glass container manufacturers face challenges due to a shift towards alternative packaging materials, compelling them to innovate and stay competitive. Overall, revenue has decreased at a CAGR of 2.1% through the end of 2024 to $29.9 billion, including a 0.6% increase in 2024.
Trends and Insights
- Consumer preferences are squeezing glass container manufacturers. With a shift towards alternative packaging materials like plastics, aluminum and cardboard, glass container makers will need to innovate and create eye-catching designs to stay competitive.
- Purchased glass remains the most popular product in the manufacturing industry. It continues to support key markets such as new buildings and the automotive sector and plays a crucial role in downstream commercial applications.
- Florida is a key leader in the Southeast region's industry. Its proximity to the Atlantic Ocean and the Caribbean, coupled with a large local population, drives demand and attracts manufacturers of all sizes.
- Plastic and imported glass offer stiff competition. Plastic's durability and affordability have made it a glass substitute, while imported glass appeals to large buyers due to its cost advantages despite potential delays.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated $29.9bn in 2024.
Trends and Insights
Interest rates and consumer preferences influence glass manufacturing
- Rising interest rates post-pandemic aimed at controlling inflation have impacted borrowing costs, slowing new construction projects and reducing demand for flat glass. With the decline in inflation and interest rates in 2024, construction activities may see a resurgence, potentially increasing demand for flat glass.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Price competitiveness will be critical to manufacturers
- US-manufactured glass products will see higher demand, particularly in recovering economies' construction and automotive sectors. The trade-weighted index is also expected to drop, making US glass products more affordable and appealing to foreign markets, thereby enhancing export potential.
Biggest companies in the Glass Product Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Owens-Illinois, Inc. | 4,286.6 | 426.5 | 10.0 | |
Cardinal Glass Industries, Inc. | 1,993.3 | 118.2 | 5.9 | |
Ardagh Group S.A. | 1,779.5 | 82.6 | 4.6 |
To view the market share and analysis for all 19 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Glass products made from purchased glass, Pressed or blown glass & other glass products and Glass containers. Glass products made from purchased glass is the largest segment of the Glass Product Manufacturing in the US.
Trends and Insights
Glass products made from purchased glass are growing
- Glass products made from purchased glass offer products for buildings, appliances and automotive components where glass is central. Items include architectural glass, shower screens, window systems, monitor screens, lighting solutions and automotive parts like electronic glassware and mirrors.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Sand & Gravel Mining in the US
- Glass & Glazing Contractors in the US
- Textile Mills in the US
- Millwork in the US
- Sheet Metal, Window & Door Manufacturing in the US
- Copier & Optical Machinery Manufacturing in the US
- Car Body Shops in the US
International industries
- Glass Product Manufacturing in Canada
- Glass Wool, Stone and Non-Metallic Mineral Product Manufacturing in Australia
- Flat Glass Manufacturing in the UK
- Flat Glass Shaping & Processing in the UK
- Hollow Glass Manufacturing in the UK
Table of Contents
About this industry
Industry definition
Companies in this industry produce a wide range of glass products by melting silica sand or cullet and fabricating purchased glass. The industry includes four segments: flat glass manufacturing, including laminated glass; pressed or blown glass and glassware; glass container manufacturing, including bottles and jars; and product manufacturing from purchased glass, which includes lighting, mirrors, architectural glass and electronic glassware.
What's included in this industry?
Flat glass manufacturing, sheet and plateFlat glass manufacturing, laminated, rolled and wiredFlat glass manufacturing, tempered for architectural, automotive or appliancesPressed and blown glass manufacturing, glass fiber and textile typePressed and blown glass manufacturing, table, kitchen and novelty glasswarePressed and blown glass manufacturing, lighting, automotive and electronic glasswareGlass container manufacturing, bottles, jars and tubesGlass mirror manufacturing, decorated and undecoratedGlass mirror manufacturing, automotiveOptical glass fiber manufacturing for data and nondata transmissionCompanies
Owens-Illinois, Inc.Cardinal Glass Industries, Inc.Ardagh Group S.A.Purchase this report to view all 19 major companies in this industry.
Related Terms
FLAT GLASSFLOAT GLASSCULLETLAMINATED GLASSTOUGHENED GLASSWHITE GOODSIndustry Code
NAICS 32721 - Glass Product Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Consumer preferences are squeezing glass container manufacturers. With a shift towards alternative packaging materials like plastics, aluminum and cardboard, glass container ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Purchased glass remains the most popular product in the manufacturing industry. It continues to support key markets such as new buildings and the automotive sector and plays ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Florida is a key leader in the Southeast region's industry. Its proximity to the Atlantic Ocean and the Caribbean, coupled with a large local population, drives demand and at...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Plastic and imported glass offer stiff competition. Plastic's durability and affordability have made it a glass substitute, while imported glass appeals to large buyers due t...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Industry leaders prioritize economies of scale. Many top manufacturers use vertical integration to reduce costs. This approach streamlines production and lowers expenses, cre...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Owens-Illinois, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Cardinal Glass Industries, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Ardagh Group S.A.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 16 additional companies
Detailed analysis
- Description and key data for Owens-Illinois, Inc., and factors influencing its performance in the industry
- Description and key data for Cardinal Glass Industries, Inc., and factors influencing its performance in the industry
- Description and key data for Ardagh Group S.A., and factors influencing its performance in the industry
- Description, key data and performance trends for 16 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is beset by heavy regulation at the federal and state levels. The Environmental Protection Agency outlines standards for carbon emissions that manufacturers must...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases are the largest industry expense. Over the past five years, tighter environmental regulations have driven up input costs, making purchases even more costly.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Glass Product Manufacturing in the US industry in United States in 2024?
The market size of the Glass Product Manufacturing in the US industry in United States is $29.9bn in 2024.
How many businesses are there in the Glass Product Manufacturing in the US industry in 2024?
There are 3,326 businesses in the Glass Product Manufacturing in the US industry in United States, which has declined at a CAGR of 4.0 % between 2019 and 2024.
Has the Glass Product Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Glass Product Manufacturing in the US industry in United States has been declining at a CAGR of 2.1 % between 2019 and 2024.
What is the forecast growth of the Glass Product Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Glass Product Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Glass Product Manufacturing in the US market in United States?
The biggest companies operating in the Glass Product Manufacturing market in United States are Owens-Illinois, Inc., Cardinal Glass Industries, Inc. and Ardagh Group S.A.
What does the Glass Product Manufacturing in the US in United States include?
Flat glass manufacturing, sheet and plate and Flat glass manufacturing, laminated, rolled and wired are part of the Glass Product Manufacturing in the US industry.
Which companies have the highest market share in the Glass Product Manufacturing in the US in United States?
The company holding the most market share in United States is Owens-Illinois, Inc..
How competitive is the Glass Product Manufacturing in the US industry in United States?
The level of competition is moderate and steady in the Glass Product Manufacturing in the US industry in United States.
