APAC Glass Packaging Market Share, Trends, Demand, Key Players, Revenue, Challenges, Growth Drivers and Business Opportunities Till 2033


APAC Glass Packaging Market Share, Trends, Demand, Key Players, Revenue, Challenges, Growth Drivers and Business Opportunities Till 2033: SPER Market Research

 Category : Packaging

 Published: Mar-2024
 Author: SPER Analyst

Asia-Pacific Glass Packaging Market is projected to be worth USD 59.09 billion by 2033 and is anticipated to surge at a CAGR of 5.75%.

Glass packaging has gained popularity as a versatile and long-lasting option for storing a variety of goods. In order to create a stiff, non-porous polymer, silica, soda ash, limestone, and other raw materials are melted together at high temperatures to create this packaging solution. One of the many benefits of glass packaging is its impermeability, which keeps the contents' quality and freshness intact by keeping out gasses and oxygen. Moreover, glass does not react with packed goods because it is inert and non-reactive, maintaining the product's purity and flavour.

Asia-Pacific Glass Packaging Market Driving Factors and Challenges

Glass's environmental benefits will drive more demand for it. Glass packaging is anticipated to grow in popularity over the course of the projection period since it is 100% recyclable. Glass is becoming sufficiently recognized in the business as an effective and sustainable packaging option. Glass recycling protects raw materials and lessens the product's carbon footprint's negative environmental effects.  Using more bottled drinks worldwide in an effort to expand the market Only the beverage industry—more especially, the alcoholic beverage segment—drives global demand for glass packaging. The beer business accounts for almost half of the global demand for glass containers.

Challenges: Different packing options It is anticipated that the market for glass materials will be constrained by consumers' growing preferences for plastic packaging materials. Plastic's flexibility and light weight are other reasons why manufacturers use it. Consequently, the increased use of plastic as a packing material will have some impact on market growth. High energy consumption during production The raw materials must be processed at high temperatures in the energy-intensive glassmaking process. Moreover, glass is more expensive to load with than other materials. The expansion of the glass packaging business is expected to be restricted by all of these factors.

Impact of COVID-19 on Asia-Pacific Glass Packaging Market
The glass packaging industry's response to COVID-19 has been uneven. A lot of products have seen an increase in demand during this pandemic. Packaging is now much more important for internet sales, grocery stores, and healthcare facilities. Nonetheless, there is less need for luxury, industrial, and business-to-business transportation. The impact is determined by the portfolio and exposure to various packaging manufacturers' locales.

Asia-Pacific Glass Packaging Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Amcor Ltd, Bemis Company Inc., Gerresheimer AG, Hindustan National Glass & Industries Ltd, MTS Medication Technologies (Omnicell Inc.), Piramal Glass Company, RPC Group, Saver Glass, Sonoco Products Company, Tetra Laval, and Others.

Asia-Pacific Glass Packaging Market Segmentation:

By Product Type: Based on the Product Type, Asia-Pacific Glass Packaging Market is segmented as; Bottles and Jars.

By End User: Based on the Shipment Weight, Asia-Pacific Glass Packaging Market is segmented as; Food, Beverage, Personal Care, Healthcare, Household Care, Pharmaceutical, Others.

By Region: This research also includes data for China, Japan, India, Rest of Asia-Pacific.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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