APAC Glass Packaging Market Size
| 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.
APAC Glass Packaging Market Trends
This section covers the major market trends shaping the APAC Glass Packaging Market according to our research experts:
The Beverage Segment is Expected to Account for Significant Market Share
- For alcoholic beverages, the glass packaging sector faces fierce competition from the metal packaging industry. However, glass packaging is expected to keep a sizable portion of the market during the projection period, increasing the use of expensive goods. The demand for various beverage items, including coffee, juices, tea, non-dairy beverages, and soups, is projected to rise.
- Among alcoholic beverages, the beer market has experienced a considerable expansion in recent years. Beer is generally sold in bottles, driving the glass packaging industry's production rates. The rising demand for alcoholic beverages also accelerates the production.
- Emerging nations like China, India, and Thailand have greater perceptions of beer quality. As a result, growing beverage consumption is likely to drive the growth of the glass packaging market in Asia-Pacific throughout the forecast period.
- As the world's population increases, consumption of these essential non-alcoholic beverages is anticipated to rise. The expanding availability of bottles in different sizes in the retail market, as well as innovation in design and chemical composition that results in reduced weight of glass bottles, are additional factors that are anticipated to significantly increase the demand for glass packaging of alcoholic beverages during the forecast period.
- Many producers of alcoholic beverages are emphasizing recycled materials in their packaging and increasing the amount of recycled glass used in their bottles. For example, Absolut pledged to reduce packaging waste by releasing a limited-edition design composed of 41% recycled glass.
China Accounts for the Largest Market Share
- Glass has become famous for drug storage containers in the past few decades. They are usually used to keep food and drinks. Compared to other containers, they have a few benefits, including strength, durability, and the capacity to maintain flavor, quality, and taste.
- Due to the expanding need for glass vials to provide COVID-19 vaccines, the accessibility of raw materials, and rising personal disposable income, China may continue to lead the glass packaging market in the Asia-Pacific region during the forecast period.
- A few other growth reasons in the region include increased personal discretionary income and the need for creative packaging solutions using cutting-edge manufacturing techniques.
- Another key aspect anticipated to boost market expansion is the expanding food and beverage industry. The government's growth initiatives to promote the usage of eco- friendly products may also boost the growth of the glass packaging market across the region.
- Due to its aging population, China has one of the largest pharmaceutical and healthcare markets in the world. However, foreign pharmaceutical businesses are finding it difficult to operate in the country due to recent regulatory changes in China, particularly when it comes to market access and price regulation. Thus, local players may have a chance to grow as a result of the possible rise in demand for glass bottles and containers from these businesses.
APAC Glass Packaging Industry Overview
The Asia-Pacific glass packaging market is moderately fragmented. Major firms like Amcor, AptarGroup, Bemis, Piramal Glass Company, MTS Medication Technologies, and Sonoco Products Company are making significant R&D expenditures to upscale the market and digitize the packaging business in the Asia-Pacific region.
- May 2022 - Gerresheimer announced an agreement with an ISR drug development company to produce sufficient quantities of IcoOne inhalers to secure a commercial supply chain and the global launch of an exciting dry powder SARS-CoV-2 vaccine.
APAC Glass Packaging Market Leaders
Amcor Ltd
Sonoco Products Company
Piramal Glass Company
MTS Medication Technologies (Omnicell Inc.)
Bemis Company Inc.
*Disclaimer: Major Players sorted in no particular order
APAC Glass Packaging Market News
- November 2022 - Weigand-Glass GmBH announced that Epice won the Trendtag Glas award for harmonious packaging of the delicate glass bottle, emphasizing the quality of the contents and safely protecting the aroma-sensitive dried flowers.
- May 2022 - Gerresheimer announced new facilities for its glass and plastic production capacities in India to cater to its global pharma customer needs, where glass production received a new state-of-the-art and sustainable furnace technology. This development is in line with its formula G growth strategy. New production capabilities combine the company's network in glass, offering solutions alongside the Gerresheimer portfolio.
APAC Glass Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Suppliers
4.3.3 Bargaining Power of Consumers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Technology Snapshot
4.5 Assessment of the Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand for Longer-lasting Packaging Products
5.1.2 Rising Demand for Sustainable and Innovative Food Packaging Products
5.2 Market Restraints
5.2.1 Stringent Environmental Regulations
6. MARKET SEGMENTATION
6.1 By Product Type
6.1.1 Bottles and Jars
6.1.2 Caps and Closures
6.1.3 Trays and Containers
6.1.4 Vials
6.1.5 Labels
6.1.6 Other Product Types
6.2 By End-user Industry
6.2.1 Food
6.2.2 Beverage
6.2.3 Personal Care
6.2.4 Healthcare
6.2.5 Household Care
6.2.6 Pharmaceutical
6.2.7 Other End-user Industries
6.3 By Country
6.3.1 China
6.3.2 Japan
6.3.3 India
6.3.4 Rest of Asia-Pacific
7. COMPETITIVE LANDSCAPE
7.1 Company Profile
7.1.1 Amcor Ltd
7.1.2 Bemis Company Inc.
7.1.3 Sonoco Products Company
7.1.4 Piramal Glass Company
7.1.5 MTS Medication Technologies (Omnicell Inc.)
7.1.6 Tetra Laval
7.1.7 RPC Group
7.1.8 Gerresheimer AG
7.1.9 Saver Glass
7.1.10 Hindustan National Glass & Industries Ltd
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Glass Packaging Industry Segmentation
Glass is one of the most preferred packaging materials for end users concerned about health and the environment. Glass has an almost zero rate of chemical interactions as it is nonporous and impermeable. Hence, glass packaging ensures that the products inside a glass bottle keep their aroma, strength, and flavor. Glasses can be recycled endlessly without loss in quality or purity, as they are mostly 100% recyclable.
The Asia-Pacific glass packaging market is segmented by end-user industry (food, beverage, personal care, healthcare, household care, and pharmaceutical), product type (bottles and jars, caps and closures, trays and containers, labels, and vials), and country (China, Japan, India, and Rest of Asia Pacific). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Product Type | |
| Bottles and Jars | |
| Caps and Closures | |
| Trays and Containers | |
| Vials | |
| Labels | |
| Other Product Types |
| By End-user Industry | |
| Food | |
| Beverage | |
| Personal Care | |
| Healthcare | |
| Household Care | |
| Pharmaceutical | |
| Other End-user Industries |
| By Country | |
| China | |
| Japan | |
| India | |
| Rest of Asia-Pacific |
APAC Glass Packaging Market Research FAQs
What is the current Asia Pacific Glass Packaging Market size?
The Asia Pacific Glass Packaging Market is projected to register a CAGR of 5.16% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Glass Packaging Market?
Amcor Ltd, Sonoco Products Company, Piramal Glass Company, MTS Medication Technologies (Omnicell Inc.) and Bemis Company Inc. are the major companies operating in the Asia Pacific Glass Packaging Market.
What years does this Asia Pacific Glass Packaging Market cover?
The report covers the Asia Pacific Glass Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Glass Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Glass Packaging Industry Report
Statistics for the 2024 Asia Pacific Glass Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Glass Packaging analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
