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The APAC glass bottles and containers market size is forecast to increase by USD 19.3 million at a CAGR of 14.4% between 2023 and 2028. The market is witnessing significant growth due to the rising consumption of food and beverages, particularly in the premium spirits and artisanal olive oil segments. This trend is driving the demand for high-quality, eco-friendly packaging solutions. Sustainability is a key consideration in the market, with consumers and businesses increasingly seeking out recyclable and sustainable packaging options. In the alcohol industry, there is a growing preference for glass containers due to their ability to ensure packaging safety and maintain the quality of the product. In the beverage sector, glass containers are widely used for alcoholic and non-alcoholic beverages. However, challenges remain in the logistics of handling and transporting glass containers, which can increase costs and complexity. Overall, the market is expected to continue growing, with a focus on convenience packaging and the use of Type I glass to meet the demands of consumers and businesses for sustainable and safe packaging solutions.
The market encompasses a wide range of industries, including food, beverage, agriculture, personal care, and pharmaceuticals. This market is characterized by its ability to offer premium and sustainable packaging solutions that cater to various consumer preferences and regulatory requirements. In the food industry, glass containers are increasingly being adopted due to their ability to preserve food freshness and maintain product quality. Moreover, the growing trend towards zero-waste lifestyles and the circular economy has led to an increase in demand for reusable glass containers. The dairy industry is a significant contributor to this market, as glass containers offer excellent protection against light and maintain the taste and texture of dairy products. The craft beer industry, in particular, has seen a significant increase in the use of glass bottles due to their ability to showcase the unique colors and labels of craft beers. Moreover, health-conscious consumers prefer glass containers for beverages as they do not leach chemicals and are free from BPA and other harmful substances. The personal care industry also relies heavily on glass containers for perfumery and cosmetic packaging. The premium nature of these products requires packaging that not only protects the product but also enhances its appeal. Glass containers offer a sleek and elegant look, making them a popular choice for high-end cosmetics and perfumes. The agriculture industry uses glass containers for storing and transporting fertilizers and pesticides. Glass containers offer several advantages over plastic containers, including better resistance to UV radiation and reduced CO2 emissions during transportation.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The food and beverage segment is estimated to witness significant growth during the forecast period. In the food and beverage industry, glass bottles and containers hold a significant market position due to their popularity and benefits. The increasing sales of packaged foods in the Asia Pacific region are driving the demand for these containers. Glass is a preferred choice for food and beverage packaging due to its non-toxic properties and recyclability.
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The food and beverage segment was the largest segment and valued at USD 5.80 million in 2018. It ensures the purity of the content inside by preventing the transfer of unwanted flavors, odors, or chemicals. Moreover, glass containers are eco-friendly and align with the growing trend of sustainable packaging. The alcohol industry, including premium spirits and artisanal olive oils, also relies heavily on glass bottles for their high-end image and preservation qualities. Hence, such factors are fuelling the growth of this segment during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing consumption of beverages is notably driving market growth. In the beverage industry, the preference for glass bottles and containers is on the rise, particularly in Asia Pacific (APAC), due to their protective properties and visual appeal. These containers preserve the taste and aroma of beverages for extended periods, making them an ideal choice for health-conscious consumers.
The market growth is fueled by factors such as the increasing consumption of single-serve containers, rising disposable income, and improved living standards. Moreover, the trend towards zero-waste lifestyles and glass recycling aligns with the closed-loop system that glass containers represent. The proliferation of various package sizes and the introduction of new product offerings, including healthier options like bottled water, ready-to-drink teas, and non-dairy milk alternatives, further boost demand for glass containers. Thus, such factors are driving the growth of the market during the forecast period.
Demand for sustainable packaging is the key trend in the market. Glass packaging plays a significant role in various industries, including chemicals, agriculture, personal care, and perfumery. The demand for glass containers is driven by their recyclability and sustainability, as consumers increasingly prioritize eco-friendly packaging options.
In Asia Pacific (APAC), approximately half of all glass containers are manufactured using recycled glass. This not only reduces the environmental footprint but also offers cost savings for manufacturers. Integrating sustainable policies into production processes can result in increased profitability, with some companies reporting higher margins of 3%-5% compared to traditional manufacturing methods. Thus, such trends will shape the growth of the market during the forecast period.
Challenges associated with logistics of glass containers is the major challenge that affects the growth of the market. Glass bottles and containers play a significant role in the craft beverage industry, particularly for beverages and food products. The use of glass containers, specifically amber and green glass, adds to the premium quality image of these items. However, the energy consumption involved in manufacturing glass containers is a concern.
Recycled content is increasingly being used to reduce the environmental impact. Recycling infrastructure and quality standards are crucial for the effective use of recycled content. The logistics of transporting glass containers pose a challenge due to their fragile nature. Glass containers are typically transported via cargo trucks, which can be costly for manufacturers, especially small and medium-sized enterprises (SMEs). Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Abroach Exim Pvt. Ltd: The company offers glass bottles and containers such as honey jars, glass jars, and milk bottles.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Glass containers have gained significant popularity in various industries due to their premium material and protective properties. These containers are extensively used in the food and beverage industry, including premium spirits, artisanal olive oils, and the alcohol industry. In the agriculture sector, glass containers are utilized for storing and transporting chemicals such as fertilizers and pesticides. The personal care industry also relies heavily on glass containers for cosmetic packaging and perfumery packaging. The use of glass containers in these industries is driven by their visual appeal, brand commitment, and eco-friendly options. Sustainable packaging and recyclability are essential factors that make glass containers a preferred choice for health-conscious consumers. Moreover, glass containers offer several advantages, such as being an inert material that does not react with the contents, providing protective properties against UV radiation, and being recyclable. The convenience of reusable bottles and the circular economy concept are also contributing factors to the growth of the market. The market is also witnessing innovation with the use of 3D printing technology for creating textured labels and specialized glass bottles. The market is also focusing on reducing CO2 emissions by improving recycling infrastructure and using recycled content in glass production. Amber and green glass are popular choices for beverages and food due to their protective properties against light and preservation of taste.
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Market Scope |
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Report Coverage |
Details |
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Page number |
139 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.4% |
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Market growth 2024-2028 |
USD 19.3 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.9 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Abroach Exim Pvt. Ltd., Ajanta Bottle Pvt. Ltd., Central Glass Co. Ltd., Consol Holdings Ltd., Eagle Glass Deco Pvt. Ltd., Frigo DebtCo plc, Gerresheimer AG, Haldyn Glass Ltd., Hindustan National Glass and Industries Ltd., HSIL Ltd, Maidao Glass, O I Glass Inc., Piramal Glass Pvt. Ltd., Saverglass SAS, SKS Bottle and Packaging Inc., Toyo Seikan Group Holdings Ltd., and Vitro SAB De CV |
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Market dynamics |
Parent market analysis, market report , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by End-user
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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