The APAC production of glass containers in 2016 was XX.XX MMT and is expected to reach XX.XX MMT by 2020 at a CAGR of X.XX%. In terms of revenue, the market was worth USD XX.XX billion in 2016 and is projected to reach USD XX.XX billion by 2021, at a CAGR of X.XX%.
Glass is a 100% recyclable material manufactured with raw materials that include sand, limestone, soda ash, and other ingredients. Glass containers are made using processes such as blow-blow, press and blow, and NNPB (narrow neck press and blow) - a recent innovation.
APAC leads the market with a 34% share in 2016. The estimated growth in glass bottle end-use industry, i.e., the beer industry in India, will further boost the sales and increase market share in the APAC region. Alcoholic beverages lead the usage of glass containers with a market share of 50%. Glass bottles are preferred to plastic bottles because of their chemical inertness towards the alcohol as a result of which they can be substituted.
The glass container industry is undergoing tremendous innovative changes in order to be more sustainable and preferable by customers. As such, the light weighting of glass bottles has become a focal point in the industry and as a result, glass bottles have become 50% lighter over the last three years. Light weighting aids in decreasing the logistics costs and as a result, manufacturers of glass containers are more focusing on the same.
Some of the key players mentioned in the report are:
- AGI Glaspac
- Ardagh Group
- BA Vidro
- Central Glass
- Owen-Illinois
- Vidrala
What the Report Offers
- Market definition for the Asia-Pacific glass bottles/containers market along with identification of key drivers and restraints for the market.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the Asia-Pacific glass bottles/ containers market.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the Asia-Pacific glass bottles/ containers market.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
