GLASS MOLD MARKET ANALYSIS

Glass Mold MarketSize and Trends

The glass mold market was valued at US$ 859.7 million in 2022 and is expected to register a CAGR of 4.55% in terms of revenue over the forecast period (2023 – 2030), to reach US$ 1,227.1 million by 2030. Moreover, glass molds are used to make different types of clean & colored bottles which are required to store fragrances, deodorants, cosmetic ampoules, perfume samplers, dropper bottles, and various other products. Increasing demand for bottle wares is expected to boost the growth of the glass mold market during the forecast period. Furthermore, Borosilicate glass molds are preferred for specific applications such as precision glass molding due to their limited thermal stability as compared to metals or alloys.

Glass Mold Market: Growth drivers

Technological development and collaborations

Key players in the market are focused on adopting strategies such as technological development and collaborations in order to strengthen their footprint in the global glass mold market. Leading manufacturers of glass mold products are focused on deploying advanced software that will allow easy customization of glass wares and put together complex geometries. For instance, unimould a leading manufacturer of glass mold products, deploys pro-engineer design software, which provides the highest level of in-house services for the production of blow molds.

Increasing demand for glass molds

As more and more products are created that require glass molds, the demand for these specialized tools increases. Companies that produce glass molds need to be able to keep up with the growing demand, which often requires them to invest in new technology and expand their production facilities. The increasing demand for glass molds has also led to a rise in the price of these products, making them less affordable for some buyers.