Glass packaging is becoming more and more popular as a durable and adaptable choice for keeping a range of products. This packing solution is made by melting silica, soda ash, limestone, and other basic ingredients at high temperatures to form a stiff, non-porous polymer. Glass packaging has several advantages, one of which is its impermeability, which prevents gases and oxygen from escaping while maintaining the contents' quality and freshness. Additionally, because glass is inert and non-reactive, it does not react with packed goods, preserving the flavor and purity of the product.
According to SPER market research, ‘Asia-Pacific Glass Packaging Market Size - By Product Type, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Asia-Pacific Glass Packaging Market is predicted to reach USD 59.09 billion by 2033 with a CAGR of 5.75%.
Drivers: The glass packaging industry is expanding across all categories due to the growing need for packaging that is safer and healthier. Packaging is more appealing to consumers when it is shaped, embossed, and given an artistic touch using cutting-edge techniques. Glass packaging is expanding as a result of consumer demand for environmentally friendly and biodegradable products as well as the expansion of the food and beverage industries.
The only industry driving the demand for glass packaging globally is the beverage sector, particularly the alcoholic beverage market. About half of the demand for glass containers worldwide is accounted for by the beer industry.
Challenges: The glass packaging market in Asia-Pacific is faced with multiple challenges that affect its growth potential and dynamics. First of all, it faces competition from materials like plastic, aluminium, and paperboard, all of which have unique benefits and put pressure on prices. In addition, the brittle nature of glass combined with transportation-related problems makes breakage during transit a worry, increasing costs and logistical complexity. Glass is naturally recyclable and environmentally benign, but there are still issues with streamlining the recycling process and lowering the carbon footprint that goes along with it. The demand for glass is impacted by shifting customer preferences toward sustainability and convenience, which also has an impact on packaging options. Complying with varying regulatory requirements in different markets presents extra challenges for producers.
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There has been an uneven response from the glass packaging sector to COVID-19. This epidemic has increased demand for a number of things. Packaging matters a lot more now days for grocery stores, healthcare facilities, and online commerce. Still, there's less demand for business-to-business, luxury, and industrial transportation. The portfolio and exposure to the locations of different package manufacturers determine the impact.
Additionally, Some of the market key players are Amcor Ltd, Bemis Company Inc., Gerresheimer AG, Hindustan National Glass & Industries Ltd, MTS Medication Technologies (Omnicell Inc.), Piramal Glass Company, RPC Group.
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APAC Glass Packaging Market Outlook
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Rising alcohol consuming population throughout the year is likely to be the key driver for the Asia Pacific glass packaging market in the forecast period.
Glass as packaging material provides chemical inertness and stability, that which leads to insignificant chemical leeching into reusability, sterility and glass.
Though the plastics use may hamper the product growth, the consumer preference for glass packaging is increasing due to its use results in preservation of taste, quality and flavor of the contents.
Additionally, transparency of glass helps consumers to view the stored contents.Request for a sample of this report @ https://www.graphicalresearch.com/request/1217/sampleAccording to the Graphical Research new growth forecast report titled Asia Pacific Glass Packaging Market By Application (Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals, Others), By Product (Borosilicate, De-alkalized Soda Lime, Soda Lime), Industry Analysis Report, Regional Outlook (China, India, Japan, Australia, Indonesia, Malaysia) Estimated to surpass USD 25 billion by 2024.The product segments in the Asia Pacific glass packaging market, borosilicate glass, de-alkalized soda lime glass and soda lime glass.
Among the product segment, soda lime glass is likely to occupy a noteworthy share in the industry.
The alcohol beverages mainly includes, spirits, wines etc.
