Market Size of Asia Pacific Glass Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.16 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Glass Packaging Market Analysis
The Asia-Pacific glass packaging market will register a CAGR of 5.16% over the forecast period. The glass industry provides a range of glass packaging products for food and beverage, as well as for perfumery, cosmetics, and pharmacy. This form of packaging is considered one of the most trusted for health, taste, and environmental safety, as it maintains the freshness and security of the product inside for an extended period.
- The demand for healthier and safer packaging is boosting the growth of the glass packaging industry in different categories. Innovative techniques for shaping, giving artistic finish, and embossing make packaging more desirable to the end users. The demand for biodegradable and eco-friendly products and the growth of the beverage and food market further stimulate the growth of glass packaging.
- It is one of the most trusted forms of packaging, as it is eco-friendly, healthy, and safe. It is also considered premium because of its elite designs or finish and its ability to maintain the product's freshness and safety. It is primarily used across a range of end-user industries.
- Glass packaging is also the most desirable eco-friendly packaging due to its recyclable nature. The most significant innovation in recent times is lightweight glass, which offers the same resistance as the previous glass type with higher stability and lower CO2 emissions.
- The market for glass materials is expected to be limited by rising consumer preferences for plastic as a packaging material. Manufacturers also favor plastic because of its lightweight and flexible characteristics. As a result, the increased use of plastic as a packaging material will impact the market's growth.
- The impact of COVID-19 on the glass packaging industry is mixed. The packaging demand for healthcare, groceries, and e-commerce transportation rose sharply during the pandemic. However, the demand for luxury, industrial, and B2B transportation declined. The impact depends on the exposure to different regions and the portfolio of packaging players.
