Latest News- Glass Bottles And Containers Market in APAC: Food and beverage is expected to lead the End-user segment during 2024-2028
The Glass Bottles And Containers Market in APAC is being driven by Increasing consumption of beverages
The Glass Bottles And Containers Market in APAC is expected to grow at a CAGR of 14.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 19.3 million. In the APAC Glass Bottles and Containers market, consumer preferences are shifting towards sustainable packaging solutions. With increasing environmental concerns, approximately one-third of consumers believe that some products are excessively packaged. Consequently, packaging materials with the least environmental footprint are poised for higher demand. Recycled materials, such as glass, are gaining popularity, with around 50% of glass containers in APAC being produced from recycled glass. Companies embracing sustainable manufacturing processes report enhanced margins of up to 3%-5%, making it a strategic business move. Glass, the third most recycled material after paper and metal, offers a viable solution to the growing demand for eco-friendly packaging.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Food and beverage, Cosmetics, Pharmaceuticals, Others) Geography (APAC).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Glass Bottles And Containers Market in APAC Research Report
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The Glass Bottles and Containers market in APAC encompasses various sectors including glass packaging for chemicals, agriculture, personal care, and industries such as fertilizers, pesticides, cosmetics, perfumery, and specialty glass bottles. Recycling is a significant trend, with concerns over CO2 emissions, UV radiation, and plastic consumption driving demand for glass containers. Beer consumption, food packaging, and the beverage, dairy, and alcoholic beverages industries also utilize glass containers. Flint glass, 3D printing, textured labels, and reusable bottles are innovations in this premium material. Health-conscious consumers and the circular economy favor reusable glass bottles over single-use plastics, while the craft beverage industry also contributes to the market growth.
The Glass Bottles and Containers market in APAC is characterized by a complex supply chain, involving various stakeholders from raw material suppliers to end-users. Suppliers encompass providers of raw materials for glass containers, such as borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass, as well as those supplying metal containers' raw materials like steel, aluminum, and tin, and plastic container raw materials such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). The value chain includes research and development, large-scale manufacturing, and distribution through multiple channels to cater to diverse industries, including chemicals, agriculture, personal care, fertilizers, pesticides, cosmetics, and perfumery packaging.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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