Asia-Pacific Container Glass Market - Forecast(2024 - 2030)

Report Code: CMR 1310 Report Format: PDF + Excel

Asia-Pacific Container Glass Market Overview

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.

Impact of Covid-19

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.

Report Coverage

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.

Key Takeaways

  • China dominated the Asia-Pacific Container glass market owing to the presence of key players coupled with the growing demand of beverages with innovative taste and flavor which is helping the growth of the market in the region.
  • The growing demand of clear glass container in the pharmaceutical industry as it offers better protection because it is relatively impermeable to air and moisture and chemically resistant to most products are some of the key factors contributing to its segmental growth.
  • Increasing awareness among consumers regarding the health benefits associated with the consumption of fruit juices, carbonated drinks, milk products and others usually stored in a glass container is expected to positively impact the market growth during the forecast period.
  • Moreover, the growing consumption of alcohol in APAC countries will raise the demand for Asia-Pacific Container glass in the upcoming years.

Figure: Asia-Pacific Container Glass Market Revenue Share, by application, 2020 (%)
Asia-Pacific Container Glass Market Revenue Share
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Asia-Pacific Container Glass Market Segment Analysis -By Raw Material

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.

Asia-Pacific Container Glass Market Segment Analysis - By Glass Type

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.

Asia-Pacific Container Glass Market Segment Analysis -By Application

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.

Asia-Pacific Container Glass Market Segment Analysis – By Country

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. 

Asia-Pacific Container Glass Market Drivers

The growing consumption of alcoholic beverages in the APAC region 

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.

Asia-Pacific Container Glass Market Challenges

The availability of other alternative packaging material

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.

Asia-Pacific Container Glass Market Landscape

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

Acquisition/Product Launches

  • In February 2020, Amcor introduced shape Art which is an iconic closure for distinctive brands to design the closures of the wine bottles.
  • In December 2019, Saverglass acquired glass factory MD Verre with a vision to enhance its footprint in top countries such as US, and the APAC region.

Relevant Reports

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Report Code: CMR 0173

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1. Asia-Pacific Container Glass Market- Market Overview
    1.1 Definitions and Scope 
2. Asia-Pacific Container Glass Market- Executive Summary
    2.1 Key Trends by Raw Materials
    2.2 Key Trends by Glass Type
    2.3 Key Trends by Product Type
    2.4 Key Trends by Color
    2.5 Key Trends by Application
    2.6 Key Trends by Country
3. Asia-Pacific Container Glass Market– Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Asia-Pacific Container Glass Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Asia-Pacific Container Glass Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Asia-Pacific Container Glass Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Asia-Pacific Container Glass Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Asia-Pacific Container Glass Market– By Raw Material(Market Size -$Million, KT)
    8.1 Silica Sand
    8.2 Feldspar
    8.3 Calcined Alumina
    8.4 Dolomite
    8.5 Limestone
    8.6 Soda Ash
    8.7 Nepheline
    8.8 Glass Cullet
    8.9 Chromite
    8.10 Iron Oxide
    8.11 Manganese
    8.12 Others
9. Asia-Pacific Container Glass Market– By Glass Type (Market Size -$Million, KT)
    9.1 Borosilicate Glass/Neutral Glass
    9.2 Soda-Lime-Silica Glass
    9.3 Regular Soda Lime Glass
    9.4 Others
10. Asia-Pacific Container Glass Market– By Product Type (Market Size -$Million, KT)
    10.1 Glass Bottle
    10.2 Glass Jars
    10.3 Glass Vials
    10.4 Candle Glass Containers
    10.5 Others
11. Asia-Pacific Container Glass Market– By Color (Market Size -$Million, KT)
    11.1 Clear
    11.2 Amber
    11.3 Blue
    11.4 Frosted
    11.5 White
    11.6 Others
12. Asia-Pacific Container Glass Market – By Application (Market Size -$Million/Billion)
    12.1 Personal Care & Cosmetics
        12.1.1 Body and Skin Care
        12.1.2 Hair Care
        12.1.3 Cosmetics
        12.1.4 Fragrance
        12.1.5 Nail Care
        12.1.6 Others
    12.2 Pet Care
        12.2.1 Food and Treats
        12.2.2 Grooming
        12.2.3 Cleaning Supplies
        12.2.4 Veterinary Care
        12.2.5 Others
    12.3 Food
        12.3.1 Dairy
        12.3.2 Honey
        12.3.3 Jams and Jellies
        12.3.4 Sauces and Syrups
        12.3.5 Spices
        12.3.6 Oil 
        12.3.7 Others
    12.4 Beverages
        12.4.1 Alcoholic Beverages
            12.4.1.1 Beer
            12.4.1.2 Wine
            12.4.1.3 Spirits
            12.4.1.4 Others
        12.4.2 Non Alcoholic Beverages
            12.4.2.1 Fruit Juices
            12.4.2.2 Carbonated Drinks
            12.4.2.3 Milk and Milk Products
            12.4.2.4 Others
    12.5 Nutraceutical& Healthcare
        12.5.1 Vitamins
        12.5.2 Powders
        12.5.3 Energy Drinks
        12.5.4 Dietary Supplements
        12.5.5 Others
    12.6 Others
13. Asia-Pacific Container Glass Market -By Country (Market Size -$Million, KT)
    13.1 China
    13.2 Japan
    13.3 India
    13.4 South Korea
    13.5 Australia and New Zealand
    13.6 Indonesia
    13.7 Taiwan
    13.8 Malaysia
    13.9 Vietnam
    13.10 Thailand
    13.11 Rest of APAC
14. Asia-Pacific Container Glass Market–Market Share Analysis Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category- Major companies
15. Asia-Pacific Container Glass Market – Key Company List by Country Premium Premium
16. Asia-Pacific Container Glass Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Piramal Glass Pvt. Ltd.
    16.2 Haldyn Glass Ltd.
    16.3 La Opala RG
    16.4 Toyo Glass Co. Ltd.
    16.5 Saverglass Group
    16.6 Dongwon Systems Corp.
    16.7 Hindustan National Glass & Industries Ltd.
    16.8 AGI Glasspac
    16.9 Amcor plc
    16.10 Owens-illnois, Inc. and Others
 "*Financials would be provided on a best efforts basis for private companies"