Market Size of Japan Container Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Container Glass Market Analysis
The Japan Container Glass Market is expected to register a CAGR of 3.2% during the forecast period (2020 - 2027). The demand for glass containers is increasing due to various advantages such as infinitely reusable, recyclable, refillable, and increasing acceptance in multiple industries, which are the key factors driving the market growth.
- The demand for healthier and safer packaging is driving the country's container glass industry. New shapes, aesthetic improvements, and embossing make the packaging more appealing to the end consumer. Glass packaging is growing due to the need for biodegradable and environmentally friendly products and the rise of the food and beverage market.
- Japanese beverage containers are primarily made of glass bottles, the beverage industry still operates effective bottle recycling systems. Also, the problem of waste and global warming progresses, glass containers are driving the market.
- According to Mainichi News 2021, 23 Japanese companies, from food to cosmetics, will join an initiative to collect and reuse containers to reduce plastic waste. The companies focus on glass containers that are easy to reuse with a simple design that gives a sense of unity, making a clear distinction from ordinary retail products. Such initiatives ny the organizations drive the glass container market in the country.
- However, glass production requires an excess of thermal energy and the release of the raw material CO2 during the melting process. Commercial glass containers are not easy to recycle. Various efforts have been made in the Japanese glass industry to reduce glass's environmental impact, which can hinder the market's growth.
- Covid-19 pandemic impacted companies negatively with the shutdown of manufacturing plants across the country. But, lockdown measures during the COVID-19 pandemic led to a surge in demand for home delivery and take-out services. The use of glass bottles and cans from home increased during the pandemic.
