Market Size of Asia-Pacific Glass Bottles and Containers Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Volume (2024) | 301.22 Billion units |
Market Volume (2029) | 397.24 Billion units |
CAGR (2024 - 2029) | 5.69 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Glass Bottles Containers Market Analysis
The Asia-Pacific Glass Bottles and Containers Market size is estimated at 301.22 Billion units in 2024, and is expected to reach 397.24 Billion units by 2029, growing at a CAGR of 5.69% during the forecast period (2024-2029).
Glass Bottles and containers were considered an essential industry by most countries during the COVID-19 pandemic. The industry is witnessing increased demand from the food & beverage and pharmaceutical sectors. There has been increased demand for glass bottles from the Food and Beverage sector and the pharmaceutical sector. The COVID-19 pandemic has led to greater demand for medicine bottles, food jars, and beverage bottles.
- There has been an increasing trend of transparency in food packaging over the past few years. Going beyond the listed ingredients on the label, consumers also want to see the physical product before purchase. Many companies, especially dairy product companies, have started offering their products transparent glass containers to capture this trend.
- The introduction of stringent laws to enhance the quality and integrity of domestically manufactured drugs leads to an increase in the use of glass for pharmaceutical packaging products. Additionally, the increasing demand for sterile medical packaging products from the pharmaceutical industries would further drive the market's growth over the forecast period.
- The rising trend for reusable 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.
- With the growing e-commerce industry, manufacturers prefer plastics and aluminum cans over glass bottles for transportation. It is easy to transport aluminum cans as they are lightweight and can be packed tightly together.