5.10.4.2Vertical

Glass Bottle & Container Manufacturing

Glass container manufacturers producing bottles and jars.

Market snapshot

These figures describe Glass & Metal Packaging (5.10.4), the segment that Glass Bottle & Container Manufacturing sits within. They are not figures for Glass Bottle & Container Manufacturing on its own.

Market size
~$33B
Growth
~8.0%CAGR (2017–22, nominal)
Companies
~350 firms
Firms by employee count

59.2% of firms have fewer than 20 employees: 206 micro-businesses, below most mandates.

The investable universe142 firms with 20+ employees
20–99
6143%
100–499
3223%
500+
4935%

Strong growth carried almost entirely by aluminum: cans took share across beverages while glass containers continued a long decline on weight and freight cost. The two halves of this segment are not one market, and an acquirer should read the mix before the total.

NAICS 327213, 332431, 332439. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.

Business model & economics

Revenue model

Glass and metal container manufacturing at scale

Key economics

Revenue per firm
$94,164,069
Revenue per employee
$736,429
Employees per firm
134.3
Recurring revenue
High

recurring beverage/food container demand

EBITDA margin
Scale- and capital-intensity-driven
Capex intensity
High

Characteristics

  • Scale-driven: payroll is only 10% of revenue, so the cost base is assets, not headcount
  • Moderate strategic-buyer pool: 49 firms exceed 500 employees, so a scaled asset has buyers, but not many
  • Dominated by Ball, Crown, Ardagh, O-I, Silgan.
  • Aluminum cans winning share on recyclability.
  • Capital-intensive; sustainability-driven substitution.

NAICS 327213, 332431, 332439. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Container majors
  • Beverage-can capacity investors
  • PE-backed platforms

What’s driving deals

  • Aluminum-can demand and capacity expansion.
  • Recyclability-driven substitution from plastic.
  • Consolidation and capital investment.

Find Glass Bottle & Container Manufacturing acquisition targets

Search Acquisera’s index for companies classified under Glass Bottle & Container Manufacturing (5.10.4.2) and build a targeted deal pipeline.

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