O-I Glass, Inc. /DE/
O-I Glass, Inc. makes glass containers for food, beverage, spirits, wine, and pharmaceutical packaging. The company operates a global manufacturing network centered in the Americas and Europe, supplying both multinational brands and local customers through direct sales and supply agreements.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueGlass containers for beer, flavored malt beverages, spirits, and wine.
Glass packaging for soft drinks, teas, juices, and related beverages.
Glass jars and containers used for packaged food products.
Glass packaging used for pharmaceutical applications.
Custom formats, design work, and innovation-related packaging solutions.
Customers
O-I sells primarily to large global food and beverage manufacturers, including major beer, spirits, wine, soft drink, and food brands. It also serves smaller breweries, wineries, and local customers, often through annual or multi-year supply agreements that help align production with customer demand.
Buy high-volume glass containers for branded beverages and packaged foods; they value supply reliability, scale, and design support.
Buy bottles for beer, spirits, wine, and flavored malt beverages, often with branding and shape differentiation.
Buy glass packaging for soft drinks, teas, and juices where product presentation and shelf appeal matter.
Buy jars and containers for packaged food applications that require durable, recyclable packaging.
Buy glass containers for pharmaceutical uses where material quality and consistency are important.
Strategy
O-I’s strategy centers on serving large branded customers with local manufacturing, packaging innovation, and a broad global footprint. The company also emphasizes productivity, network optimization, and lower-carbon glass melting processes to strengthen its competitive position against other rigid packaging formats.
Glass is expensive to ship, so proximity supports service, inventory planning, and cost competitiveness.
Differentiated shapes, colors, and designs help customers build shelf presence and brand identity.
Manufacturing efficiency is central in a capital-intensive, commodity-adjacent packaging business.
Sustainability is increasingly tied to customer demand and long-term competitiveness versus alternative substrates.
Geography
Q1/2026O-I’s principal markets are the Americas and Europe, and its manufacturing footprint is built around serving customers close to their end markets. The company operates 33 plants in Europe and 30 plants in the Americas, including the U.S., Mexico, Brazil, and several other countries, which supports local supply and shorter logistics routes.
Share of the revenue the company reports by geography.
Risks
O-I is exposed to customer concentration, pricing pressure, and competition from aluminum, plastic, and other packaging formats. Its manufacturing model also creates exposure to energy costs, supply chain disruptions, plant outages, cyber risk, and environmental or legal liabilities tied to legacy sites and operations.
- Energy and raw material cost volatilityImpact: HighLikelihood: High
Glass production is energy-intensive and depends on stable fuel, power, and inputs.
Exposure: Furnaces and plants in Europe and the Americas
- Customer consolidation and pricing pressureImpact: HighLikelihood: Medium
Large customers can use scale to negotiate lower prices and tighter terms.
Exposure: Concentrated sales to major global beverage and food brands
- Operational disruptions and weather eventsImpact: HighLikelihood: Medium
Plant outages, severe weather, and logistics interruptions can reduce output and raise costs.
Exposure: Manufacturing network in multiple regions
- Competition from alternative packagingImpact: MediumLikelihood: Medium
Aluminum cans, plastic containers, and other formats can substitute for glass.
Exposure - Cybersecurity incidentsImpact: MediumLikelihood: Medium
IT and operational systems are exposed to phishing, malware, and other attacks.
Exposure: Enterprise systems and third-party providers
- Legacy environmental liabilitiesImpact: MediumLikelihood: Medium
Historical sites can generate remediation obligations and legal settlements.
Exposure: Cuyahoga River site and other legacy matters
Accounting
Judgemental itemsValuation assumptions and cash flow forecasts can trigger large non-cash write-downs.
Impact: Reported earnings and net worth
Discount rates and asset returns affect pension expense and funded status.
Impact: Operating expense and OCI
Plant and equipment values depend on future utilization and cash flow expectations.
Impact: Asset carrying values and earnings
Legacy site remediation and litigation require estimated accruals that can change over time.
Impact: Other expense and liabilities
Customer demand and production schedules can vary by quarter, affecting comparability.
Impact: Quarterly revenue and margins
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Last updated: 24/09/2026