Packaging is the process of protecting the product from all hazards it is exposed during transportation and handling. Glass is pure, non-reactive material which is made up of natural ingredients such as sand, soda ash, limestone, and others. It doesn’t allow any chemical reactions to take place and ensures that the products inside the glass keep their strength, aroma, and flavour. The benefits related to glass packaging include fully recyclable without loss of quality & purity, non-porous, impermeable, zero rates of chemical interactions, protection, and others.
Asia-Pacific Glass Packaging Market Size & Growth:
The Asia-Pacific Glass Packaging Market size is estimated to reach $ XX Billion by the end of 2024 with a CAGR of X% from $XX Billion in 2018 from 2018 to 2024. The Key factors that drive the growth of the market include increasing demand for glass packaging in the pharmaceutical sector, rising emphasis on the usage of eco-friendly recyclable materials, increase in beer consumption rates among individuals, fully recyclable properties without degeneration of purity & quality and others. Major restraints for the glass packaging market include increasing demand for plastics, transportation inconvenience and cost-effective.
Nowadays food & beverages are stored in glass containers attributed to its water-resistance and non-porous properties. Raising healthcare awareness among the individuals coupled with the potential risks associated with plastic packaging have shifted the consumers focus towards glass packaging. The usage of glass products in pharmaceuticals are increasing at a great phase owing to its fully recyclable properties without degradation
Asia-Pacific Glass Packaging Market Share:
Various parameters segmented the Asia-Pacific Glass Packaging market. By the material, they are divided into borosilicates, De-alkalized soda lime, soda lime, and others. Among this soda, the lime segment is estimated to have largest market share owing to its ability to eliminate the formation of toxic compounds such as carbon dioxide in glass containers to enhance the product performance. By the product, they are divided into bottles, jars, vials, and others. Among them, glass bottles are estimated to have the largest market share attributed to its inert nature coupled with its ability to preserve foods for a long duration of time. The rise in consumption of wines and beers in emerging economies coupled with a shifting of consumer preference towards single serving drink bottles also drive the market growth of glass bottles. By the Application, they are divided into pharmaceuticals, medical, personal care, alcoholic beverages, agriculture, household care and others. Among these alcoholic beverages is estimated to have the largest market share owing to increasing alcohol consumption rates in emerging economies, changing lifestyles and increasing income levels of individuals. As the pharmaceutical segment is estimated to have fastest market growth owing to rising healthcare awareness among the customers and improving lifestyles of consumers will increase the need for sophisticated packaging. By the geography, China is estimated to have the fastest market growth attributed to raising glass packaging consumption in alcoholic beverages and pharmaceutical applications in that region.
Asia-Pacific Glass Packaging Market Trends:
Asia-Pacific Glass Packaging Market Research Reports:
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To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Along with these companies, there were many other companies considered/cited in the report while analysing the Asia-Pacific Glass Packaging market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
in that region. Asia-Pacific
Starting from $2700
Starting from $2700
Starting from $2700
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