Asia Pacific Glass Packaging Market Insights Forecasts to 2032
- The Asia Pacific Glass Packaging Market Size was valued at 22.775 Billion in 2022.
- The Market is Growing at a CAGR of 2.61% from 2022 to 2032
- The size is expected to reach USD 29.463 Billion by 2032.
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The Asia Pacific Glass Packaging Market Size was valued at USD 22.775 Billion in 2022 and is expected to Grow to USD 29.463 Billion by 2032, at a CAGR of 2.61% during the forecast period 2022-2032.
The Asia Pacific glass packaging market is anticipated to develop throughout the projected period due to the region's major rise in alcoholic beverage consumption, pharmaceutical usage, and desire for environmentally friendly packaging options. The glass firm supplies a variety of glass packaging items for food and drink, as well as for medicine, cosmetics, and perfumery. Given that it keeps the goods inside fresh and secure for a long time, this type of packaging is regarded as one of the most reliable for health, flavor, and environmental safety.
This research report categorizes the market of Asia Pacific glass packaging market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific glass packaging market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Asia Pacific glass packaging market.
Asia Pacific Glass Packaging Market Report Coverage
|Market Size in 2022:||USD 22.775 Billion|
|Forecast Period 2022-2032 CAGR:||2.61%|
|2032 Value Projection:||USD 29.463 Billion|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||120|
|Segments covered:||COVID-19 Impact Analysis, By Type, By Product, By Application, By Country|
|Companies Covered:||Amcor Limited, Ardagh Group, Vitro Packaging LLC, Gerresheimer AG, Bormioli Rocco S.p.A, Hindusthan National Glass & Industries Ltd., Piramal Glass Limited, Owens-Illinois, Inc., Nihon Yamamura Glass Co, Ltd., and Other key venders|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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The industry is paying exactly the right amount of attention to glass as a practical and environmentally responsible packaging option, and because glass is 100% recyclable, demand for glass packaging is expected to increase throughout the forecast period. Recycling glass reduces the environmental impact of the product's carbon emissions and conserves raw materials. Additionally, it lessens air pollution and water pollution by 50% and 20%, respectively. These benefits make it a common option in the packaging industry. The market is expanding as a result of consumers' changing packaging tastes, which are moving toward environmentally friendly and sustainable packaging solutions.
The market for glass products is anticipated to be restricted by consumers' growing preference for plastic packaging. Because it is lightweight and flexible, plastic is also preferred by manufacturers. The greater usage of plastic as a packaging material will therefore have some bearing on market expansion.
- In 2022, the soda lime segment is dominating the largest market share over the forecast period.
Based on the product, the Asia Pacific glass packaging market is segmented into borosilicate, de-alkalized soda lime, & soda lime. Among these segments, the soda lime segment dominates the largest market share during the forecast period.
- In 2022, the alcoholic beverages segment is dominating the largest market share during the forecast period.
On the basis of application, the Asia Pacific glass packaging market is bifurcated into alcoholic beverages, beer, food & beverages, pharmaceuticals, & others. Among these segments, the alcoholic beverages segment dominates the largest market share during the forecast period. The beer market has grown significantly in recent years among alcoholic beverages. Because beer is typically sold in bottles, the glass packaging sector produces at a faster rate. Alcoholic beverage use is increasing, which hastens production as well. Moreover, the perception of beer quality is higher in developing countries like China, India, and Thailand. As a result, increasing beverage consumption is probably going to fuel the expansion of the glass packaging market in Asia-Pacific during the course of the forecast year.
China accounts for the largest market share during the forecast period.
Based on the country, the Japan active pharmaceutical ingredient (API) market is bifurcated into China, India, Japan, Australia, Indonesia, & Malaysia. Among these segments, China accounts for the largest market share over the forecast period. China has one of the biggest pharmaceutical and healthcare markets in the world because of its aging population. However, due to recent legislative developments in China, notably about market access and price restriction, global pharmaceutical companies are finding it challenging to operate in the nation. As a result of the potential increase in demand for glass bottles and containers from these enterprises, local players may have an opportunity to expand. Also, the growing food and beverage industry is another important factor projected to boost market expansion. The regional expansion of the glass packaging market may be aided by government growth initiatives to encourage the use of eco-friendly products.
The report offers the appropriate analysis of the key organizations/companies involved within the Japan active pharmaceutical ingredient (API) market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Amcor Limited
- Ardagh Group
- Vitro Packaging LLC
- Gerresheimer AG
- Bormioli Rocco S.p.A
- Hindusthan National Glass & Industries Ltd.
- Piramal Glass Limited
- Owens-Illinois, Inc.
- Nihon Yamamura Glass Co, Ltd.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Asia Pacific Glass Packaging Market based on the below-mentioned segments:
Asia Pacific Glass Packaging Market, By Type
- Type I
- Type II
- Type III
Asia Pacific Glass Packaging Market, By Product
- De-alkalized Soda Lime
- Soda Lime
Asia Pacific Glass Packaging Market, By Application
- Alcoholic Beverages
- Food & Beverages
Asia Pacific Glass Packaging Market, By Country
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