Report Overview

Asia Pacific Glass Packaging Market - Industry Trends & Forecast Report 2028

Bottles, vials, jars, and other glass goods are commonly used to hold solid as well as liquid substances. And chemically, the products are inert and sterile. The glass preserves the composition of the contained item while also extending its shelf life. As customer preferences shift toward more hygienic food packaging, the demand for food and non-alcoholic packaging is also expanding. Pharmaceutical uses are also on the rise in countries like Indonesia, Australia, Malaysia, and Japan.

Report overview

For the forecast period of 2022-2028, the Asia Pacific Glass Packaging Market is expected to grow at a CAGR of 5.0%. The growth of the glass packaging market is fuelled by manufacturers' increased focus on packaging product innovations and technological advancements, the growth as well as expansion of the packaging industry, particularly in developing economies such as India and China. Also, rising demand for innovative packaging solutions developed with advanced and innovative manufacturing methods and increased personal disposable income are few other growth factors. As a result, by 2028, the market value is forecast to reach USD 44.68 billion from USD 31.25 billion in 2020, growing at a CAGR of 5.3% from 2022-2028

Industries trends and market forecasts

For alcoholic beverages, the glass packaging sector faces stiff competition from the metal packaging industry. During the projected period, however, glass packaging is likely to continue its considerable share, boosting the use of luxury products. Because the use of environmentally hazardous plastics for packaging might be overshadowed by the entire unique selling feature (USP) of organics, organic product sellers who are switching to glass packaging. Organic dairy producers, for example, are seeing an increase in demand for glass bottles that can be reused, refilled, and recycled from organically-minded clients. Similarly, the growing popularity of organic products in the cosmetics industry is driving up demand for glass packaging.

Segmentation of the market for Asia Pacific Glass Packaging

By type - The glass packaging market is divided into type I, type II, type III, and others based on the type of glass used.

By jar size - The glass packaging market is divided into five categories based on jar sizes: 20-50 mL, 51-100 mL, 101-250 mL, 251-500 mL, and over 500 mL.

By packaging materials - The glass packaging market is divided into coloring material, cullet, selenium, dolomite, cobalt oxide, limestone, and others based on raw material.

By application -The glass packaging market is divided into alcoholic and non-alcoholic beverages, food, medicines, personal care, and cosmetic goods, among other applications.

Growth drivers

Glass's environmental benefits will lead to a surge in demand

Glass is receiving just enough attention in the industry as an effective and eco-friendly packaging solution, which is projected to raise demand for glass packaging throughout the forecast period due to its 100% recyclable nature. Glass recycling saves raw materials and minimises the carbon impact of the product on the environment. Additionally, it reduces water pollution by 50% and air pollution by 20%. Because of these advantages, it is a popular choice in the packaging sector. Consumers' packaging preferences are evolving, and they're gravitating toward eco-friendly and sustainable packaging options, which is helping the market grow.

Increasing the use of bottled beverages around the world to expand the market

The beverage industry, particularly the alcoholic beverage segment, is the sole driver of glass packaging demand in the market. The beer sector is responsible for more than half of the global demand for glass containers. China used more than 55 billion litres of alcoholic beverages in 2019, while the United States consumed more than 30 billion litres. Glass is often preferred in the packaging of non-alcoholic beverages such as milk, juices, sauces, and others due to its inertness and luxury appearance. Consumption of these crucial non-alcoholic beverages is expected to rise in a healthy way as the world's population grows. As a result, rising beverage consumption is propelling the glass packaging industry forward, hence, boosting the growth of the Asia Pacific Glass Packaging Market during the forecast period.

Restraints

Alternative packaging options

The market for glass materials is expected to be limited by rising consumer preferences for plastic as a packaging material. Plastic is also favoured by manufacturers because of its lightweight and flexible characteristics. As a result, the increased use of plastic as a packaging material will have some impact on the market growth.

Production with a high energy consumption

Glass production is an energy-intensive process that necessitates high temperatures for the processing of raw materials. In addition, glass is more expensive than alternative packing materials. All of these factors are likely to limit the growth of the glass packaging industry.

Impact of COVID -19

Covid-19 has had a mixed impact on the glass packaging business. During this pandemic, demand for several products has skyrocketed. The demand for packaging for healthcare, groceries, and e-commerce shipping has increased dramatically. However, demand for luxury, industrial, and business-to-business transportation has decreased. The impact is determined by the packaging businesses' portfolio and their exposure to various geographies.

Regional Insights

The Asia Pacific Glass Packaging Market was worth USD 22.20 billion in 2019, and it is expected to grow even more during the forecast period. During the projection period, the Asia Pacific region is expected to grow at the fastest rate. This region has become one of the most profitable in recent decades due to smart investments by global corporations in the region. China, Japan, India, and South Korea are just a few of the Asia Pacific's significant countries. Due to rising demand for glass vials for the delivery of covid-19 vaccines, availability of raw materials, and higher personal disposable income, China will dominate the glass packaging market in the Asia-Pacific region during the forecast period.

In the next few years, the Asia Pacific Glass Packaging Market is expected to become the most important market. The growing popularity of bottled beverages in numerous nations across the area will help the regional market expand. Market expansion will be aided by increased alcoholic beverage consumption and the use of glass packaging in the beverage industry in India. Furthermore, strong government rules governing the use of plastic, as well as plastic bans in  several nations, will help the market grow in this region during the forecast period.

Competitive Landscape

The key market players in the Asia Pacific Glass Packaging Market are Saint-Gobain, Ardagh Group S.A., Owens-Illinois, Inc., Amcor plc, Bormioli Rocco S.p.A., HEINZ-GLAS GmbH & Co. KGaA, BA GLASS GROUP, KOA GLASS CO., LTD.,Gerresheimer AG, Hindustan National Glass & Industries Limited., Nihon Yamamura Glass Co., Ltd., Oror DBMR.

Recent Developments

• In March 2021, AGI Glaspac spent INR 550 million in the company's Bhongir factory in Telangana to construct a new 154 TPD AGI Speciality Glass Division furnace. It was part of the INR 2.2 billion investment raised by parent company HSIL recently.

• Owens- Illinois announced an innovation called O-I: EXPRESSIONS in September 2020 that will employ digital printing to alter glass bottle design and allow customisation and personalization by shaping glass bottles into multi-dimensional works of art.

Scope of the Report

By Type

• Type I
• Type II
• Type III
• Others

By Jar Size

• 20-50 mL
• 51-100 mL
• 101-250 mL
• 251-500 mL
• > 500 mL

By Packaging Materials

• Coloring material
• Cullet
• Selenium
• Dolomite
• Cobalt oxide,
• Limestone

By Application

• Alcoholic and non-alcoholic beverages
• Food
• Medicines
• Personal care
• Cosmetic goods
• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Asia-Pacific Glass Packaging Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Recent Development/Technological Advancement
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Asia-Pacific Glass Packaging Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Bottles and Jars
         2. Caps and Closures
         3. Trays and Containers
         4. Vials
         5. Labels
         6. Others
      2. By End User
         1. Food
         2. Beverage
         3. Personal Care
         4. Healthcare
         5. Household Care
         6. Pharmaceutical
         7. Others
      3. By Country
         1. China
         2. Japan
         3. India
         4. Thailand
         5. South Korea
         6. Philippines
         7. Indonesia
         8. Vietnam
         9. Malaysia
         10. Singapore
         11. Australia
         12. Others
6. China Glass Packaging Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End User
7. Japan Glass Packaging Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End User
8. India Glass Packaging Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End User
9. Thailand Glass Packaging Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By End User
10. South Korea Glass Packaging Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End User
11. Philippines Glass Packaging Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End User
12. Indonesia Glass Packaging Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End User
13. Vietnam Glass Packaging Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End User
14. Malaysia Glass Packaging Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End User
15. Singapore Glass Packaging Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End User
16. Australia Glass Packaging Market Overview
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By End User
17. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share/Ranking Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Competitive Benchmarking, By Product Offering
    5. Distribution Channel Strategy
    6. Key Strategic Developments
       1. Mergers & Acquisitions
       2. New Product Launch
       3. Joint Ventures
       4. Partnerships
       5. Others
18. Pricing Analysis
    1. By Product Type
       1. Bottles and Jars
       2. Caps and Closures
       3. Trays and Containers
       4. Vials
       5. Labels
       6. Others
19. Impact of COVID on Asia-Pacific Glass Packaging Market
    1. Future Impact
    2. Key Developments during COVID-19
    3. Impact on Market
       1. Different Scenario
       2. Impact on Companies
       3. Impact in the Indian Market
20. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook) *
    1. Sonoco Products Company
    2. Bemis Company Inc.
    3. Amcor Ltd
    4. Saver Glass
    5. Piramal Glass Company
    6. RPC Group
    7. Tetra Laval
    8. Hindustan National Glass & Industries Ltd
    9. MTS Medication Technologies (Omnicell Inc.)
    10. Gerresheimer AG
    11. Vitro Packaging LLC
    12. Others

21. Financial details of unlisted companies will be available as per data availability in final deliverable The segmentation and the companies are subject to modifications based on in-depth secondary for the final deliverable

    Key Strategic Recommendations

List of Figures

Figure 1          Asia-Pacific Glass Packaging Segmentation

Figure 2          Asia-Pacific Glass Packaging Market Value Chain Analysis

Figure 3            Company Market Share Analysis, 2021

Figure 4            Asia-Pacific Glass Packaging Market Size, By Value (USD Million), 2018-2028

Figure 5             Asia-Pacific Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 6           Asia-Pacific Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 7             Asia-Pacific Glass Packaging Market Share, By Country, By Value, 2018-2028

Figure 8            China Glass Packaging Market Size, By Value (USD Million), 2018-2028

Figure 9           China Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 1 0         China Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 11        Japan Glass Packaging Market Size, By Value (USD Million), 2018-2028

Figure 12        Japan Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 13        Japan Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 14        India Glass Packaging Market Size, By Value (USD Million), 2018-2028

Figure 15        India Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 16        India Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 17        Thailand Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 18        Thailand Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 19        South Korea Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 20        South Korea Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 21        Philippines Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 22        Philippines Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 23        Indonesia Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 24        Indonesia Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 25        Vietnam Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 26        Vietnam Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 27        Malaysia Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 28        Malaysia Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 29        Singapore Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 30        Singapore Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 31        Australia Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 32        Australia Glass Packaging Market Share, By End User, By Value, 2018-2028

Figure 33        Rest of Asia-Pacific Glass Packaging Market Share, By Product Type, By Value, 2018-2028

Figure 34        Rest of Asia-Pacific Glass Packaging Market Share, By End User, By Value, 2018-2028

List of Tables

Table 1            Asia-Pacific Glass Packaging Market Size, By Product Type, By Value, 2018-2028        

Table 2             Asia-Pacific Glass Packaging Market Size, By End User, By Value, 2018-2028  

Table 3             China Glass Packaging Market Size, By Product Type, By Value, 2018-2028     

Table 4             China Glass Packaging Market Size, By End User, By Value, 2018-2028

Table 5            Japan Glass Packaging Market Size, By Product Type, By Value, 2018-2028     

Table 6              Japan Glass Packaging Market Size, By End User, By Value, 2018-2028

Table 7            India Glass Packaging Market Size, By Product Type, By Value, 2018-2028      

Table 8             India Glass Packaging Market Size, By End User, By Value, 2018-2028 

Table 9             Thailand Glass Packaging Market Size, By Product Type, By Value, 2018-2028

Table 10         Thailand Glass Packaging Market Size, By End User, By Value, 2018-2028       

Table 11         South Korea Glass Packaging Market Size, By Product Type, By Value, 2018-2028      

Table 12         South Korea Glass Packaging Market Size, By End User, By Value, 2018-2028 

Table 13         Philippines Glass Packaging Market Size, By Product Type, By Value, 2018-2028       

Table 14         Philippines Glass Packaging Market Size, By End User, By Value, 2018-2028   

Table 15         Indonesia Glass Packaging Market Size, By Product Type, By Value, 2018-2028          

Table 16         Indonesia Glass Packaging Market Size, By End User, By Value, 2018-2028     

Table 17         Vietnam Glass Packaging Market Size, By Product Type, By Value, 2018-2028

Table 18         Vietnam Glass Packaging Market Size, By End User, By Value, 2018-2028        

Table 19         Malaysia Glass Packaging Market Size, By Product Type, By Value, 2018-2028

Table 20         Malaysia Glass Packaging Market Size, By End User, By Value, 2018-2028       

Table 21         Singapore Glass Packaging Market Size, By Product Type, By Value, 2018-2028

Table 22         Singapore Glass Packaging Market Size, By End User, By Value, 2018-2028     

Table 23         Australia Glass Packaging Market Size, By Product Type, By Value, 2018-2028

Table 24         Australia Glass Packaging Market Size, By End User, By Value, 2018-2028      

Table 25         Rest of Asia-Pacific Glass Packaging Market Size, By Product Type, By Value, 2018-2028             

Table 26         Rest of Asia-Pacific Glass Packaging Market Size, By End User, By Value, 2018-2028  

Table 27         Sonoco Products Company Company Overview   

Table 28         Sonoco Products Company Financial Overview    

Table 29         Bemis Company Inc. Company Overview  

Table 30         Bemis Company Inc. Financial Overview   

Table 31         Saver Glass Company Overview      

Table 32         Saver Glass Financial Overview      

Table 33         Piramal Glass Company Company Overview         

Table 34         Piramal Glass Company Financial Overview         

Table 35         Tetra Laval Company Overview      

Table 36         Tetra Laval Financial Overview      

Table 37         MTS Medication Technologies (Omnicell Inc.) Company Overview        

Table 38         MTS Medication Technologies (Omnicell Inc.) Financial Overview        

Table 39         Gerresheimer AG Company Overview       

Table 40         Gerresheimer AG Financial Overview        

Table 41         Vitro Packaging LLC Company Overview   

Table 42         Vitro Packaging LLC Financial Overview