Thailand Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.12 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thailand Container Glass Market Analysis
The Thailand container glass market is expected to grow at a CAGR of 3.12% during the forecast period, 2022-2027. The ongoing demand for convenient packaging and increased demand from end-user industries drive the container glass market.
- The Thailand glass industry provides a range of glass packaging products for food and beverage and perfumery, cosmetics, and pharmacy to their customers.
- Companies in the region are continuously looking to expand their production capacity due to the customers' rising demands. For instance, in August 2021, BG Container Glass (BGC) announced its plans to spend 2.7 billion baht, expanding its production capacity. Capacity at its glass factories is expected to increase by 12% to 3,935 tons a day, up from 3,495 tons.
- The new rules for sustainability and recyclability in the region are also prominent factors pushing the growth of glass packaging. The government of Thailand plans to develop a plastic waste recycling system that will follow circular economy principles. The project will start in 2022 to achieve 100% recycling of targeted plastic waste by 2027.
- Thailand generates approximately 2 million tons of waste every year, and the recycling capacity as of July 2021 is only 25%. To achieve the zero plastic waste by 2027, the government has approved a draft plan to manage plastic waste by banning four types of products by 2022, which include plastic bags with a thickness of fewer than 36 microns, foam containers for foods, plastic beverage cups with a thickness of fewer than 100 microns, and plastic straws. These rules and regulations are expected to drive the growth of the glass market.
- Further, glass bottles and containers are majorly used in the non-alcoholic and alcoholic beverage industry because of their ability to maintain sterility, chemical inertness, and non-permeability. The inert nature of the glass material makes it suitable for storing food, and hence it is extensively used to store jam, jellies, oil, and other food products.
- The ongoing war between Russia and Ukraine has restricted many companies in the market from making investments. For instance, in May 2022, BGC announced to reconsider its business plans, including a new glass melting furnace development project, because of the higher energy and raw materials prices.
Thailand Container Glass Market Trends
This section covers the major market trends shaping the Thailand Container Glass Market according to our research experts:
Cosmetics to have a significant growth
- Plastic packaging technologies have come a long way in recent years, but glass dominates exclusive fragrance, skincare, and personal care packaging. Most glass used for cosmetic and fragrance applications is made from natural and sustainable materials, including sand, limestone, and soda ash. Most glass packaging products are 100% recyclable and can be recycled infinitely without loss in quality and purity, from which 80% of the glass recovered is made into new glass products.
- Cosmetic containers comprise bottles, palettes, jars, vials, and ampoules, among others, which are used for the packaging of skincare, haircare, nail-care, and make-up products. Cosmetic products are available in glass containers for luxury cosmetic packaging. Glass containers containing jars and bottles are widely used worldwide due to the numerous dispensing options, including jet and drop inserts, frothing caps, spray nozzles, and pump heads.
- Additionally, it is essential for cosmetic containers to not absorb substances from the products that are stored in them, for instance, the absorption of water from creams into the cardboard. The cosmetic container market is expected to witness moderate to high growth in this region due to the development of the cosmetic packaging market.
- Another factor that boosts demand for cosmetic glass packaging is the growing perfume market, which has always been a home for glass packaging. While the sector continues to be growing through personal grooming and income-driven personal spending, key players also focus on introducing attractive shapes and sizes of glass bottles. Moreover, the market is moving toward highly innovative products, including lightweight, breakage-resistant, and intricately decorated alternatives.
- The premium perfume segment dominates the cosmetic glass container market, which currently holds a substantial percent market share and is expected to continue its pace over the next five to seven years.
Understand The Key Trends Shaping This Market
Growing adoption of premium glass packaging is expected to drive the market growth
- The growing adoption of premium glass packaging in end-user industries such as beverage and cosmetics is one factor driving the growth of the market. The region is home to some major luxury brands such as Dior, Chanel Beauty, and Estee Lauder. Packaging plays an imperative role in luxury perception, and the presence of luxury brands creates new opportunities for premium glass packaging.
- Luxury brands are also moving towards premium glass packaging in line with the region's sustainability shift. In September 2021, Chanel partnered with Group Pochet for N°5, a laconic perfume bottle. The company used the highest quality of recycled glass for the perfume, focusing on details such as depth, color, purity and shine, and transparency.
- In May 2021, O-I launched a new Contemporary Collection of standard glass bottles made in Scotland. The normal range offered by the company creates the appeal of premium, thick-based designs in line with consumers' growing desire for more sustainable forms of packaging.
- In addition to a regular version, the LUX, ATTENUA, and NOBLE shapes available in a lightweight variant retain the premium look and feel and contemporary design features of the overall portfolio while reducing weight by 20%. The company launched its products after research that the consumers in the region need premium, sustainable, and quickly available spirit bottles.
- Furthermore, in Oct 2021, scented British lifestyle brand Jo Malone partnered with Southeast Asia's leading e-commerce platform Lazada to launch the first region-wide Jo Malone London flagship store on LazMall. The collaboration will help the brand to scale its presence across the region.
- In May 2022, BG Container Glass, one of Thailand's largest glass manufacturers by capacity, has forecasted the demand for packaging products to increase despite a rise in the cost of raw materials. It is because of the ease in travel restrictions, which is expected to further boost the premium glass bottle market.
Thailand Container Glass Industry Overview
The conatiner glass market is moderately competitive, with some local and international players active. International participants operate in the country through partnerships with local players. With the Market expected to broaden and yield more opportunities, more players will enter the market soon. Key players operating in the market include Bangkok Glass Public Co Ltd, Union Victors Co Ltd, etc. The recent developments in the market are -
- Oct 2021 - O-I Glass Inc has developed the automatic bottle-making machine to shift companies manufacturing operations into intelligent factories to meet the increasing market demands.
Thailand Container Glass Market Leaders
Bangkok Glass Public Co Ltd
Union Victors Co Ltd.
Kong Thavorn Glassware Co Ltd.
Ocean Glassware
Bangkok Modern Glassware Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
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Thailand Container Glass Market News
May 2021 - O-I glass has developed a new wide-mouth glass bottle, Drinktainer. A bottle is designed for to-go services with a wide mouth that combines the convenience of a glass bottle with the sensory consumption experience of a drinking glass. The Drinktainer was designed for bars, restaurants, and taprooms to differentiate to-go service with a container that captures the on-premise experience allowing bars and restaurants to fill a single-serve container with draft, or fresh cocktails, that would typically be limited to on-premise consumption.
Thailand Container Glass 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 Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rapid Shift Towards Sustainable Packaging Due to Stringent Regulations
5.1.2 Growing Adoption of Premium Glass packaging in End-user Industries such as Beverage and Cosmetics
5.2 Market Restraints
5.2.1 Alternative Forms of Packaging is Challenging the Market Growth
6. MARKET SEGMENTATION
6.1 By End-user Industry
6.1.1 Beverage
6.1.2 Food
6.1.3 Pharmaceuticals
6.1.4 Cosmetics
6.1.5 Other End-User Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Bangkok Glass Public Co Ltd
7.1.2 Union Victors Co Ltd
7.1.3 Kong Thavorn Glassware Co Ltd.
7.1.4 Ocean Glassware
7.1.5 Bangkok Modern Glassware Co. Ltd.
7.1.6 Thai Glass Industries Public Company Ltd
7.1.7 Biomed
7.1.8 T&S Glass Packing Limited
7.1.9 Tube glass perfume and cosmetic packing
7.1.10 Siam Glass Industry Co. Ltd.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Thailand Container Glass Industry Segmentation
Glass Container means a glass bottle, jar, or other packaging container used to contain a product subject to retail sales. Glass is one of the most preferred packaging materials for end-users concerned about health and the environment. Glass packaging preserves the product's taste and flavor.
The Thailand Container Glass Market is segmented by End-User Vertical ( Beverages, Food, Pharmaceuticals, Cosmetics).
| By End-user Industry | |
| Beverage | |
| Food | |
| Pharmaceuticals | |
| Cosmetics | |
| Other End-User Industries |
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Thailand Container Glass Market Research FAQs
What is the current Thailand Container Glass Market size?
The Thailand Container Glass Market is projected to register a CAGR of 3.12% during the forecast period (2024-2029)
Who are the key players in Thailand Container Glass Market?
Bangkok Glass Public Co Ltd, Union Victors Co Ltd., Kong Thavorn Glassware Co Ltd., Ocean Glassware and Bangkok Modern Glassware Co. Ltd. are the major companies operating in the Thailand Container Glass Market.
What years does this Thailand Container Glass Market cover?
The report covers the Thailand Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thailand Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Thailand Container Glass Industry Report
Statistics for the 2024 Thailand Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand Container Glass analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Thailand Container Glass Report Snapshots
