Glass & Glass Product Manufacturers

Industry Profile Report

Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters

Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.

Call Preparation Call Prep Questions, Industry Terms, and Weblinks.

Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.

Industry Profile Excerpts

Industry Overview

The 1,400 glass manufacturers in the US produce glass products, including flat glass, containers, glassware, housewares, and specialty glass, and process glass via coating, laminating, tempering, and shaping to give the glass specified or regulated properties. The industry is concentrated with the 20 largest firms controlling 65% of revenue.

Volatile Energy Costs

Fluctuations in the price of natural gas and other fuels can have a significant impact on the glass industry’s operating costs.

Recycled Raw Materials

Manufacturers can use cullet (recycled glass) to make new glass products while reducing their energy costs and emissions.

Industry size & Structure

The average glass and glass product manufacturer employs 46-47 workers and generates $19 million annually.

    • The average flat glass manufacturer operates out of a single location, employs about 92 workers, and generates about $43 million annually.
    • The average manufacturer of other blown or pressed glass operates out of a single location, employs about 32 workers, and generates $9 million annually.
    • The average container manufacturer operates out of 1-2 locations, employs about 183 workers, and generates about $121 million annually.
    • The glass manufacturing industry consists of about 1,400 firms that employ about 78,800 workers and generate about $27.6 billion annually.
    • The industry is concentrated with the 20 largest firms controlling 65% of revenue.
    • About 63% of establishments have fewer than 20 employees.
    • Large US companies include Owens-Illinois, Owens Corning, Libbey, Anchor Hocking, Apogee, and American Fiber Green Products.
                                      Industry Forecast
                                      Glass & Glass Product Manufacturers Industry Growth
                                      Source: Vertical IQ and Inforum

                                      Recent Developments

                                      Oct 27, 2022 - Housing Slowdown Continues
                                      • The construction sector – an end market for makers of flat glass for windows and doors – saw builder confidence slip in September for the ninth consecutive month as the US housing slowdown continued, the National Association of Home Builders (NAHB) reports. Rising interest rates, persistent building material supply chain disruptions, and high home prices all took a toll on affordability. Builder confidence in the market for new single-family homes fell three points in September to 46, the lowest level since May 2014 with the exception of the spring of 2020, according to the NAHB/Wells Fargo Housing Market Index (HMI). All three HMI components declined in September, with current sales conditions down three points to 54, sales expectations in the next six months falling one point to 46, and traffic of prospective buyers down one point to 31. (Any number below 50 indicates that more builders view conditions as poor than good.)
                                      • A new public opinion poll conducted by research firm Lincoln Park Strategies found that 81% of Americans support recycling refund programs, which place a fully-refundable deposit (usually 5 or 10 cents) on beverage containers at the time of purchase that’s refunded upon return. Currently, only Michigan and Oregon have 10-cent deposits on beverage containers. While recycling rates in the US have stagnated in recent years, beverage containers sold with a deposit are recycled at rates two to three times higher than those with no deposit, according to data from the Container Recycling Institute (CRI). Beverage market data analysis from the CRI found that 66% of glass containers with deposits are recycled, compared to only 22% of no-deposit glass containers.
                                      • The glass and glass products manufacturing industry stands to benefit from tax breaks included in the Inflation Reduction Act, which was signed into law in August 2022. The legislation is expected to spur the construction of energy-efficient commercial and multi-family structures, which drives demand for windows, mirrors, glass doors, and glass partition panels. The legislation also recognizes electrochromatic glass as an “energy property” and a tax credit is allowed for its use. Electrochromatic glass is tintable with the flip of an electric switch and reduces solar heat within the building envelope. The industry may also benefit from the $5.8 billion in new Department of Energy grants that will help industrial facilities pay for installing or upgrading technology that reduces greenhouse gas emissions.
                                      • The market for glass packaging is expected to reach $71.2 billion by 2027, with a CAGR of 4.2% over the forecast period, according to a new report by market research firm Lucintel. Industries driving the growing demand for glass packaging include food and beverage, personal care, health care, and household care, among other markets. According to Lucintel, food and beverage is the largest segment by end use, with soda-lime glass the largest by product. Pressure to reduce the use of plastic beverage containers is benefitting producers of glass bottles and other types of glass packaging.
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