Asia-Pacific Container Glass Market - Forecast(2023 - 2028)

Asia-Pacific Container Glass Market size is forecast to reach US$61.0 billion by 2026, after growing at a CAGR of 4.3% during 2021-2026. The growing demand of glass containers owing to its various benefits such as infinitely reusable, recyclable, and refillable has led to the increased adoption of it in various industry which is a vital factor contributing to its market growth. Additionally, the countries such as India, South Korea, China and Thailand in the APAC region have been witnessing significant increase in beer consumption. This increase in beer consumption will positively impact the Asia-Pacific container glass market in the future as majority of beers are packaged in glass bottles. However, the wide availability of various other alternative packaging materials is estimated to create challenges for the growth of the Asia-Pacific container glass market.

COVID-19 has impacted the consumer goods, food and beverage industry, oral care, household care; fine fragrances, animal and pet food as well. Companies faced significant reduction in consumption and supply chain disruption challenges in the year 2020. Lack of supply of basic raw material due to the temporary shutdown of factories, blockage of roads, reduced access to input and services, labour movement, and various other factors has hampered the market growth. Owing to the pandemic, the manufacturers are usually unable to come up with a wide range of products which is eventually hampering its market growth. This has led to tremendous loss for various manufacturers.

The report “Asia-Pacific Container Glass Market– Forecast (2021-2026)”,by IndustryARC, covers an in-depth analysis of the following segments of the Asia-Pacific Container glass market.

By Raw Material: Silica Sand, Feldspar, Calcined Alumina, Dolomite, Limestone, Soda Ash, Nepheline, Glass Cullet, Chromite, Iron Oxide, Manganese, and Others.

By Glass Type: Borosilicate Glass/Neutral Glass, Soda-Lime-Silica Glass, Regular Soda Lime Glass, and Others.

By Product Type: Glass Bottle, Glass Jars, Glass Vials, Candle Glass Containers, and Others.

By Color: Clear, Amber, Blue, Frosted, White, and Others.

By Application: Personal Care & Cosmetics, Pet Care, Food, Beverages, Nutraceutical & Healthcare, and Others.

By Country: China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, Vietnam, Thailand, and Rest of APAC.

Soda ash held the largest share in the Asia-Pacific Container glass market in 2020. Soda ash is one of the world's most widely produced and used inorganic chemicals. It is considered as a key component in the production of glasses since it is utilized as a fluxing agent to lower the melting point of silica. Soda-lime is used in the production of almost all glass today. Furthermore, light sodium carbonate (light soda ash), granular soda ash (heavy soda ash), and refined sodium hydrogen carbonate are the three main forms of soda ash. When crude sodium hydrogen carbonate is filtered, decarbonated, and then heated to dehydrate it, refined sodium hydrogen carbonate is produced. Also, soda ash is typically found as a crystalline heptahydrate that quickly effloresces to generate a white monohydrate.Increasing demand for soda ash owing to its alluring properties is estimated to drive the growth of the market.

Soda-lime-silica-glass held the largest share in the Asia-Pacific Container glass market in 2020. Soda lime glass is used in a variety of sectors due to its popularity and widespread availability. It can be found as windows in architecture and construction, as bottles and containers in the packaging and food and beverage industries, and as a high voltage insulator in the electrical area. Owing to its increased strength and chemical resistance, soda lime glass is also utilized in scientific applications for supplies such as petri dishes, and as a cheaper alternative to borosilicate glass items when tempered. It can also be found in consumer goods such as décor, and the tempered variant is utilized in consumer bake ware. Thus, the rapidly rising demand for soda-lime-silica-glass due to its alluring properties is estimated to drive the growth of the industry.

The beverages segment held the largest share with 46% in the Asia-Pacific Container glass market in 2020 and is anticipated to grow at a CAGR of 4.5% during the forecast period 2021-2026. Beverages are categorized into alcoholic and nonalcoholic beverages. Alcoholic beverages include beer, wine, spirits and others. Alcoholic beverage packaging is the major application in the Asian container glass market. To avoid contamination, beer is stored in dark glass bottles. Furthermore, because glass has a neutral nature and does not react, it is used in chemical packaging. Also, non-alcoholic beverages include fruit juices, carbonated drinks, milk and milk products and others. As stated by Indian government, the country recorded milk production of 187.7M tons during 2018-19. Thus, with the rising production of non-alcoholic beverages the market for Asia-Pacific Container glass is estimated to rise over the forecast period. Currently, increasing investments in the production of alcoholic beverage business would further drive the industry growth. For instance, in January 2021, Japanese beer maker Kirin announced to invest US$30M in India's Bira, a major alcohol brewing company in India. Additionally, in January 2021, Anheuser-Busch InBev (AB InBev) and SAB Beer announced merger in Vietnam.Thus, the rising growth of beverage industry in the APAC region would further drive the market growth in the forecast period.

China dominated the Asia-Pacific Container glass market in terms of revenue with a share of 70% in 2020 and is projected to dominate the market during the forecast period (2021-2026). China is major market share holder as of 2021 with significant presence of food & beverage manufacturing, cosmetics, healthcare sector and so on. In addition to this, the growing investment in the country is set to further escalate the market growth rate. For instance, in September 2020, Nestlé announced investment of US$58.5 million into China, in an effort to boost production in the country. Part of the investment is to be used to complete an expansion and upgrade of the Nestlé Dairy Farming Institute. Additionally, in August 2020, Brazilian cosmetics maker Natura & Co Holding SA is looking to increase its exposure to China after purchasing Avon Products Inc.Furthermore, in November 2019, Givaudan inaugurated a new extension to its Nantong manufacturing facility which will double the company’s flavor production capacity in China. The beverage manufacturing giant is investing an additional US$30 million to support its growth ambitions in the country and meet the growing consumer demand for healthier products. 

The growing consumption of alcoholic beverages such as beer usually stored in a glass container in India is a vital factor driving the Asia Pacific container glass market in the upcoming years. For instance, according to World Health Organization (WHO), average alcohol consumption in India was 5.7 liters per person above the age of 15 year in 2016, up from 4.3litres in 2010. Moreover, about one-third of India’s population consumes alcohol on a regular basis and 11% of the total numbers of Indians are moderate or heavy drinkers. Growing population coupled with the increased popularity of various kinds of alcoholic beverages such as beer, vodka, wine and other with enhanced packaging among youngsters has eventually fueled its market growth. Furthermore, the increasing beer consumption in emerging countries of Asia-Pacific its set to drive its market growth in the upcoming years, as the product is extensively used as beer bottles. Also, factors such as increasing income levels influence of western lifestyle, easy of availability and reduced cost of beer has led to its rising consumption in these emerging economies.

The availability of other packaging material such as plastics and bottles made up of flax fibers that could provide a lightweight and biodegradable alternative to traditional glass wine spirit and beer bottles may hamper its market growth in the upcoming years. For instance, owing to some limitations of the product such as brightness, high cost and transparent related difficulties has led the adoption of plastics as a preferred packaging material in the recent years. In addition, the global plastic production was more than 330 million tons in 2017 and is likely to increase to more than 380 million ton by 2023. This will further impact the industry negatively as most of the plastic producers in the world are used for packaging purposes.

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Asia-Pacific Container glass market. Major players in the Asia-Pacific Container glass market are Piramal Glass Pvt. Ltd., Haldyn Glass Ltd., La Opala RG, Toyo Glass Co. Ltd., Saverglass Group, Dongwon Systems Corp., Hindustan National Glass & Industries Ltd., AGI Glasspac, Amcor plc, Owens-illnois, Inc. and Others