Asia Pacific Glass Bottles and Containers Market - Growth, Trends, COVID-19 Impact, Country, Forecasts - (2022 - 2027)

Market Overview

• The increasing demand for glass containers due to various advantages such as unlimited reuse, recycling, and reusable filling have broadened the application scope of glass containers in various industries, which is an important factor driving the market growth. Asia-Pacific occupied the largest market share of USD 61 billion by 2026, growing at a CAGR of 5.7% during 2021-2026. Among Asia-Pacific countries, China accounted for the highest share of 54.92%.
• Glass bottles and containers are majorly used in the alcoholic and—non-alcoholic beverage industry due to their ability to maintain chemical inertness, sterility, and non-permeability. Alcoholic drinks, like beer, account for the major segment of the market, as glass does not react with the chemicals present in drinks and, therefore, preserves the aroma, strength, and flavor of these beverages, making it a favorable option for packaging. It is packed in dark-colored glass bottles for preserving the contents, which are prone to spoilage when exposed to UV light.
• Glass containers are made by using various processes like Blow – Blow, Press and Blow and Narrow Neck Press and Blow, depending upon the end-user. The advancement in this process has improved the quality and strength of these bottles over time while at the same time reducing the weight. In the last three years, the weight of containers has decreased by nearly 50%.
• The rising trend for reusability of bottles and containers is being termed as 'recommerce' that has enabled the packaging players to supply their products in glass containers and bottles. This is expected to bolster the adoption of glass bottles and containers over the forecast period. Glass packaging is 100% recyclable, which makes it a desirable packaging option from the environmental point of view. 6 ton of recycled glass directly save 6 ton of resources and reduce the emission of CO2 by 1 ton.
• Furthermore, Piramal Glass Ltd announced an investment of USD 42 Million in its greenfield project in Jambusar, Gujarat (India). This expansion plan includes one new furnace with seven new manufacturing lines across ~300,000 sq. ft. plant, catering primarily to high-end specialty spirit, food & beverage, and pharmaceutical markets primarily for exports to countries in Europe, Asia, and the United States. The company is already catering to the high-end Specialty Spirits from its plant in the United States. This top-of-the-line facility would be one-of-its-kind in Asia as there is an increasing need for high-end water bottles, spirits bottles, and food packaging.

Scope of the report

Glass bottles and containers provide an ideal way to keep the consumables safe, fresh, and healthy for a longer period and ease transport. Glass bottles and containers are majorly used in the alcoholic and non-alcoholic beverage industry due to their ability to maintain chemical inertness, sterility, and non-permeability.

As part of the scope of the market, key end-user industries, such as beverage, food, pharmaceutical, and cosmetics, have been considered. The beverage segment is further divided into Alcoholic and Non-Alcoholic.

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Key Market Trends

End-User Market Segment by Beverages

The major factor driving the demand for beer bottles is a shortage of cans, especially after shutdown orders due to the COVID-19 pandemic. As on-premise draft and keg sales plummeted and more people purchased beer from grocery stores and other retail outlets, breweries depended more on bottles. The closure of the hospitality sector has further increased the demand for bottled beer.

• Glass is among the most preferred packaging material for packaging alcoholic beverages, such as spirits. The ability of glass bottles to preserve the aroma and flavor of the product is driving the demand. Various vendors in the market studied are also observing the increasing demand from the spirit industry. For instance, Piramal Glass, whose clients include Diageo, Bacardi, and Pernod Ricard, mentioned that it sees an increase in the demand for short-run specialty bottles for spirits.
• Hindusthan National Glass and Industries Ltd (HNGIL) implements sustainability policies in sourcing, including transportation. The company ensures 35-40% Cullet Usage, which is a recycled glass for glass container production is HNG. This leads to saving natural resources such as raw materials for glass production like Sand, Minerals, Soda Ash, etc., as well as a reduction in energy consumption for melting.
• Hindusthan National Glass and Industries Ltd incorporates design changes in its products for addressing environmental and social concerns. For instance, reducing the weight of the company’s three SKUs led to a reduction in raw material usage, fuel, and CO2 emission levels, and increased cullet usage through local sourcing and import to maximize glass recycling and optimize energy and reduce mineral usage.
• More and more liquor manufacturers are becoming conscious of the use of recycled materials in their packaging and increasing the percentage of recycled glass used in their bottles. For instance, Absolut has vowed to minimize the packaging waste with the launch of a limited-edition design made from 41% of recycled glass.
• Additionally, the rise of plant-based biodegradable plastic is also expected to introduce high competition when compared to glass due to its many benefits in terms of weight, recyclability, and emphasis on reducing plastic.

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