India Glass Packaging Market - Growth, Trends, and Forecasts (2020 - 2025)

The India Glass Packaging Market is segmented by Type (Bottles/Containers , Vials, Ampoules, Syringe/cartridges), and End-user Vertical (Food, Beverage, Cosmetics and Perfumery, Pharmaceuticals).

Market Snapshot

Study Period:

2020-2025

Base Year:

2019

CAGR:

6.94 %

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Market Overview

The India glass packaging market is expected to register a CAGR of 6.94% during the forecast period (2020 - 2025). Glass packaging is one of the significant packaging segments and faces fierce competition from other packaging forms in India. India’s dream and global vision are to replace plastic with a green and eco-friendly product, hence motivating the country to invest in the glass material. Although, glass bottles or containers are the primary drivers of the market, however, growth in the Indian healthcare and pharmaceutical sector also boosted the adoption of other types, like syringe and ampoules, among others.

  • The recent trend of investing in vaccines for COVID-19 in the country is emerging as a significant driver for the growth of vials. Glass packaging is 100% recyclable, which makes it a desirable packaging option from the environmental point of view. 6 metric ton of recycled glass directly saves 6 metric ton of resources and reduce the emission of CO2 by 1 ton.
  • Additionally, glass bottles are non-porous, impermeable, hygienic, eco-friendly, and aesthetically pleasing. This is leading to their ever-increasing use in the packaging industry. In India, the glass industry is well established and has remained a cottage industry for a long time. In recent years, the industry evolved from rudimentary mouth-blown and hand working processes to adopting modern methods and automation. According to the Hindusthan National Glass & Industries Ltd, Indian per capita consumption for glass packaging (1.8kg) is much lower compared to other nations.
  • Market vendors, like Piramal Glass, are expanding their glass packaging businesses in segments, such as cosmetics, to meet the global demand, as they supply products to the premium perfume glass bottle markets in Europe and the United States. In October 2019, Piramal Glass announced its plans to invest EUR 30 million in its premium perfume manufacturing unit. It may invest EUR 15 million in its Kosamba container glassmaking site in India, add another three production lines, and meet the increased demand for perfume glass bottles.
  • One of the main challenges for the market is the increased competition from alternative forms of packaging, such as aluminum cans and plastic containers. As these items are lighter in weight than the bulky glass, they are gaining popularity among both manufacturers and customers because of the lower cost involved in their carriage and transportation.
  • Moreover, in the recent past years, the glass packaging industry has been concentrating on making efforts to increase traceability to restrict counterfeit activities in the country. The companies are mentioning for taking the initiative to use permanent engravings on containers for quarter and year of manufacturing, enabling to protect consumers from any harmful practices by spurious product manufacturers.
  • The outbreak of COVID-19 has impacted differently in every country. The manufacturing and production of packaging and relatable industries are only functional in selected countries, where packaging contributes to GDP significantly. In India, the nationwide lockdown has brought the entire packaging supply chain to an almost grinding halt. However, the glass packagers in the country shifted their focus toward the pharmaceutical industry.

Scope of the report

Glass is one of the most preferred materials for the packaging of food, beverages, pharmaceuticals, and personal care products. Properties, like excellent barrier properties, sterility, and reusability, make it a superior packaging material. The other major advantage of glass packaging is that it can be molded into various shapes and sizes, facilitating its use across different industry verticals.

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Key Market Trends

Glass Bottles/Containers Hold Significant Market Share

  • In India, only the reusage of glass packaging solution, especially bottles, is increasing. As the Indian consumers are emphasizing on health, they are showing preference toward glass packaging over other options, as it prevents leaching from its surface. Also, the country comprises many companies, including Hindustan National Glass and Asahi India Glass, offering glass packaging solutions across the industries.
  • The food and beverages industry, being one of the biggest consumers of plastic, has taken a hit owing to the plastic ban by the economies. In order to tackle such prohibitions, players in the industry started the adoption of glass bottles and containers. This is evident from PepsiCo India’s launch of takeaway glass bottles across its carbonated beverage portfolio in the state of Maharashtra, India. The new glass packaging will encompass beverage company’s Pepsi, Mountain Dew, 7UP, and Mirinda brands, and will be made available in 250ml packs with new takeaway glass bottles featuring PepsiCo’s unique Twist Cap and add to the company’s existing portfolio, which includes returnable glass and plastic bottles.
  • For instance, Marriott and Taj, the major hospitality players in the country, announced to eliminate the use of PET bottles by replacing with paper-sealed reusable glass bottles. Marriott has mentioned that they consume over two million plastic bottles annually. Such initiatives by other players are estimated to take place in the recent coming years and will fuel the demand for glass bottles in the country.
  • Seeking the demand in the country, many glass packaging companies are investing in their expansion plans in India. Such expansion plans are expected to continue in the coming years and are estimated to fuel the demand for glass bottles and containers over the forecast period. Moreover, the high growth rate of exports over imports of glass industry in the country represents an increase in demand for glass bottles and containers.

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Beverage Sector to Drive the Market Growth

  • According to ASSOCHAM, glass and rigid plastics constitute about two-thirds of packaging in India's beverage sector. However, due to growing environmental concerns, the scope of glass packaging is expanding in the industry. Increasing usage of glass packaging for Beverages, especially for alcoholic Ready to Drink (RTD) segment, are current trends in the Beverage packaging industry of India. The glass packaging industry is primarily boosted by increasing alcoholic beverage consumption in the country.
  • According to the CARE Ratings, from INR 1,47,500 crore in 2016, the Indian alcohol market is expected to increase to INR 1,75,400 crore by 2021, boosting the country's glass packaging segment. Moreover, a 7.5% growth rate is expected for the beer market for the next five years in India.
  • Moreover, players such as Piramal Glass provide various ranges of glass containers for liquor and beer, such as 100 ml DORICA – JT743 with type-3 and 180 ml AGE DE OAK BRANDY – DB40 with type-3. These glasses have different neck finishes, with various capacities and sizes.
  • 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. n Drinks like beer account for the significant share 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. Due to this reason, most of the beer volume is transported in glass bottles, and this trend is expected to continue over the study period. Beer is packaged in dark-colored glass bottles to preserve the contents, prone to spoilage when exposed to UV light.

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Competitive Landscape

The India Glass Packaging Market is competitive owing to multiple players in the market. Players in the market adopt strategies like product innovation, partnerships, and mergers and acquisitions to increase their market share further. Some of the key developments in the market are:

  • In Feb 2020 - Piramal Glass Private Limited announced to invest over INR 300 Crores (USD 42 million) for the expansion of its Jambusar plant in Gujarat. With this investment, the company planned to add seven new manufacturing lines for catering to high-end specialty, spirits, food and beverage, and pharmaceutical industry.
  • In Nov 2019 - AGI Glaspac announced plans to diversify into the retail segment to expand their product market and shore up revenues. Currently, AGI glaspac makes glass containers for a range of sectors, like pharma, food and beverages, liquor, hospitality, etc.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Demand for Glass Packaging in Pharmaceutical Industry

    3. 4.3 Market Challenges

      1. 4.3.1 Growing Popularity of Plastics as Packaging Material

    4. 4.4 PESTEL Analysis – India Glass Packaging Industry

    5. 4.5 Supply Chain Analysis – Cost Breakdown and Material Trends

    6. 4.6 Impact of COVID-19 on the India Glass Industry

  5. 5. CURRENT REGULATORY/POLICY SCENARIO

  6. 6. EXPORT ANALYSIS

    1. 6.1 India’s Total Glass Exports (2014-2019)

    2. 6.2 Share of Country-wise Glass Exports from India (2019)

  7. 7. IMPORT ANALYSIS

    1. 7.1 India’s Total Glass Imports (2014-2019)

    2. 7.2 Share of Country-wise Glass Imports to India (2019)

  8. 8. INDIA GLASS PACKAGING MARKET SEGMENTATION

    1. 8.1 By Type

      1. 8.1.1 Bottles/Containers

      2. 8.1.2 Vials

      3. 8.1.3 Ampoules

      4. 8.1.4 Syringe/cartridges

    2. 8.2 By End-user Vertical

      1. 8.2.1 Food

      2. 8.2.2 Beverage

        1. 8.2.2.1 Soft Drinks

        2. 8.2.2.2 Milk

        3. 8.2.2.3 Alcoholic Beverages

        4. 8.2.2.4 Other Beverage Types

      3. 8.2.3 Cosmetics and Perfumery

      4. 8.2.4 Pharmaceuticals

      5. 8.2.5 Other End-user Vertical

  9. 9. COMPETITIVE INTELLIGENCE

    1. 9.1 Company Profiles

      1. 9.1.1 Schott Kaisha Pvt Ltd (SCHOTT AG)

      2. 9.1.2 AGI glaspac (HSIL Ltd)

      3. 9.1.3 Piramal Glass Limited

      4. 9.1.4 Borosil Glass Works Limited (Klasspack Pvt. Ltd.)

      5. 9.1.5 Haldyn Glass Limited (HGL)

      6. 9.1.6 Empire Industries Limited- Vitrum Glass

      7. 9.1.7 Neutral Glass & Allied Industries PVT. LTD. (Gerresheimer AG)

      8. 9.1.8 Sunrise Glass Industries Private Limited

      9. 9.1.9 Ajanta Bottle Pvt Ltd

      10. 9.1.10 G.M Overseas

      11. 9.1.11 HNGIL: Hindusthan National Glass & Industries Limited.

      12. 9.1.12 Radcom Packaging Private Limited

      13. 9.1.13 Firozabad Ceramics Pvt. Ltd.

  10. 10. INVESTMENT ANALYSIS

  11. 11. FUTURE OF THE CONTAINER GLASS MARKET

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