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The China glass container packaging market size is forecast to increase by USD 2.93 billion at a CAGR of 4.8% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is experiencing significant growth due to the increasing demand for glass packaging in various industries, particularly in food and beverages, personal care, cosmetics, pharmaceuticals, and healthcare packaging. The market is driven by factors such as the health and safety benefits of glass containers, high recycling rates, and the growing trend towards eco-friendly packaging. Glass containers are widely used for beverages, including beer, soft drinks, ciders, and non alcoholic beverages, as well as for food, thermal shocks, and pharmaceutical packaging. The market is also influenced by the increasing production of chronic illnesses, vaccine production, and alcohol consumption. Lightweight glass containers, such as those used for single-serving beverages, are gaining popularity due to their sustainability and eco-friendliness.
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The offline segment was valued at USD 5.83 billion in 2018 and showed a gradual increase 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.
Rising demand from e-commerce industry is the key driver of the market.
Advent of smart packaging is the upcoming trend In the market.
Fluctuations in raw material prices is a key challenge affecting the market growth.
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, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.
The market research and growth report 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.
The market has experienced significant growth in recent years, driven by the increasing demand for reusable and eco-friendly packaging solutions across various industries. Glass containers, which include bottles, tubes, and jars, have gained popularity due to their inherent properties such as health and safety, recycling, and suitability for a wide range of applications. In the food and beverage sector, glass containers are widely used for packaging a diverse range of products, including beverages, dairy, and wine. The beverage industry, in particular, has seen an increase in demand for glass containers due to their ability to maintain the taste and quality of the product, as well as their resistance to thermal shocks.
In addition, this is especially important for alcoholic beverages, such as beer, ciders, and wine, which require specific temperature conditions during production and storage. The personal care and cosmetics industries also utilize glass containers due to their aesthetic appeal and ability to preserve the product's quality. Borosilicate glass, which offers high thermal resistance and chemical inertness, is commonly used for packaging luxury cosmetics and pharmaceutical products. The healthcare sector is another significant market for glass container packaging in China. Glass containers are used for packaging various healthcare products, including medicines, vaccines, and sterilization devices. The rising healthcare expenditure and increasing focus on medical tourism have fueled the demand for glass packaging in this sector.
Furthermore, despite the numerous benefits of glass container packaging, there are challenges that the market faces. One of the main challenges is the high cost of glass containers compared to substitute products such as aluminum cans and plastic containers. However, the growing trend towards eco-friendly packaging and the increasing awareness of the environmental impact of plastic waste are driving the demand for glass containers. Another challenge is the recycling rates of glass containers in China. While glass is one of the most recyclable materials, the recycling rates for glass containers are relatively low due to the high energy consumption required for the recycling process and the lack of infrastructure for collecting and processing glass waste.
Market Scope |
|
Report Coverage |
Details |
Page number |
112 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.8% |
Market growth 2024-2028 |
USD 2.93 billion |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
4.4 |
Competitive landscape |
Leading Companies, Market Report, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by End-user
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 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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