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.
New Delhi, June 23, 2022 (GLOBE NEWSWIRE) — The rise in the demand for safer, eco-friendly, aesthetically pleasing, and healthier forms of packaging is helping the industry grow at a high CAGR…
Over the projected period, the
The increase in population in the China boosts market growth and potential. Because of the availability of disposable income, the Asia Pacific region contributes far too much to the market growth. China’s alcohol use has risen dramatically in recent years. According to Banco do Nordeste, a Brazilian bank, China’s alcoholic beverage consumption would reach 54.12 billion litres by 2021. Due to its recyclable nature, glass packaging is also the most desired eco-friendly packaging choice. The most notable recent invention is lightweight glass, which provides the same resistance as prior glass types while being more stable and emitting less CO2. Many alcoholic beverage firms are looking to expand in the country to take advantage of the growing market. China’s pharmaceutical and healthcare industry is one of the world’s largest, owing to the country’s ageing population. Foreign pharmaceutical businesses are having difficulty doing business in the country due to recent legislative changes, particularly when it comes to market access and pricing regulation.
As a result, local players may see an increase in demand for glass bottles and containers from these companies, creating a potential growth opportunity. Furthermore, the Asian region’s development in alcoholic beverages expands the market. The Asian region followed by the European region, with Europe being the second-largest market contributing to the expansion. Eastern European countries such as Turkey and Russia contribute to the market’s growth and size. In Germany, increased beer consumption boosts the packaging business. The presence of a growing geriatric population necessitates and propels the pharmaceutical industries forward. The pharmaceutical section of the glass packaging business experiences considerable demand primarily in North America and Europe. Furthermore, due to the rapid expansion of therapies that the populace prefers, this region is in high demand. Also, the Canadian and American regions are in great demand because the people prefer to use food containers.
The glass packaging sector saw a surge in demand during the pandemic. This was due to an increase in demand in the pharmaceutical and food industries. Due to the high demand for Food and Beverages units during the pandemic, glass demand surged, which boosted the usage of pharmaceutical bottles, food jars, and a rise in demand for beverage bottles.
Please Visit Press Release of the Asia Pacific Glass Packaging Market: https://www.blueweaveconsulting.com/press-release/asia-pacific-glass-packaging-market-to-grow-at-5-through-2028
The market is divided into five segments based on product size. They are 20-50 mL, 51-100 mL, 101-250 mL, 251-500 mL, and over 500 mL. The market has been divided into categories based on application, such as alcoholic beverage packaging, non-alcoholic beverage packaging, food product packaging, cosmetics packaging, and so on. 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.
The etching of artistic designs on the packaging of glass bottles is now possible due to advanced technology. Technology has enabled embossing and the purchase of bottles in a variety of shapes. The lightweight glass has been innovated in an established style, providing the same resistance on the bottles, due to technological advancements. The amount of carbon dioxide emitted was lowered, while the volume of raw materials was reduced.
Competitive Landscape –
The Asia Pacific Glass Packaging Market is moderately fragmented. Amcor, AptarGroup, Bemis, Piramal Glass Company, MTS Medication Technologies, and Sonoco Products Company are upscaling the market with significant research and development investments in the industry’s sustainability and digitization. Amcor introduced an improved heat-seal coated glass packaging solution for medical-grade packaging applications in June 2021. For healthcare applications, this technology provides better performance features. It will be manufactured in several sites throughout the world to provide clients more options. Gerresheimer announced the growth of its production output in Asia in January 2020. The company manufactures speciality packaging from glass and plastic at over 35 locations across Europe, America, and Asia. The company launched two more factories in China and India in December 2019.
- 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
|Years Considered||Historical data – 2018-2021|
|Base Year – 2021|
|Estimated Year – 2022|
|Forecast – 2022 – 2028|
|Facts Covered||Revenue in USD Billion|
|Market Coverage||China, Japan, India, South Korea and Others|
|Product Service/Segmentation||By Type (type I, type II, type III, and others), By Jar Size (20-50 mL, 51-100 mL, 101-250 mL, 251-500 mL, and over 500 mL), By Packaging Materials (coloring material, cullet, selenium, dolomite, cobalt oxide, limestone, and others), By application (alcoholic and non-alcoholic beverages, food, medicines, personal care, and cosmetic goods, others),|
|Key Players||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.|
- Type I
- Type II
- Type III
By Jar Size
- 20-50 mL
- 51-100 mL
- 101-250 mL
- 251-500 mL
- > 500 mL
By Packaging Materials
- Coloring material
- Cobalt oxide,
- Alcoholic and non-alcoholic beverages
- Personal care
- Cosmetic goods
Please Find Below Some Related Report:
- LED Packaging Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028
- Container Glass Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028
- Food Storage Container Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028
- Metal Cans for Food and Beverage Market- Global Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028
- Compostable Foodservice Packaging Market- Industry Size, Share, Trend Analysis and Forecast Report, 2018-2028
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
Powered by WPeMatico