Asia-Pacific Glass Bottles And Containers Market Size (2024 - 2029)

Asia-Pacific Glass Bottles And Containers Market Analysis

The Asia-Pacific Glass Bottles And Containers Market size is estimated at USD 300.42 billion in 2024, and is expected to reach USD 387.23 billion by 2029, growing at a CAGR of 5.21% during the forecast period (2024-2029).

• Asia-Pacific is witnessing increased demand for food, beverage, and pharmaceutical products. The ban on plastic packaging, the increasing push for sustainability, and the long-established infrastructure for recycling have created a continued push for the use of glass bottles and containers across the region.
• The rise in alcoholic beverage consumption in India is anticipated to drive growth in the glass bottle and container industry. Glass bottles are preferred for alcoholic beverages, especially wine, due to their ability to prevent spoilage from sunlight exposure. According to Agriculture and Agri-Food Canada, the increasing wine consumption is expected to drive demand for glass packaging, with projections indicating a volume of 52.2 million liters of wine consumption in India by 2025.
• The packaging industry in China is growing fast and steadily due to the country's expanding economy and growing middle class with more purchasing power. The need for beverage packaging is increasing because of China's growing beverage market. Each beverage category will have challenges and opportunities, but new trends in the Chinese consumer lifestyle are shaping the demand for glass packaging.
• China has seen a rise in the consumption of alcoholic and non-alcoholic drinks across all industries in its large urban centers, and alcoholic beverages in China date back to ancient times. They include rice wine, grape wine, beer, whiskey, and various spirits. Baijiu is the most consumed distilled spirit in China. For instance, according to Tencent and CADA, in a 2023 survey, approximately 34% of baijiu drinkers in China were born between 1985 and 1994. People born after 1995 constituted around 18% of the total baijiu-drinking population in China.
• Additionally, banning single-use plastic has increased the demand for substitute products such as glass. According to the Japan Containers and Packaging Recycling Association, in 2023, the unit cost of recycling amber and colorless glass bottle packaging was the lowest among other packaging, which was around JPY 8.2 (USD 0.058) and JPY 6 (USD 0.042) per kilogram, respectively. This scenario has caused players to switch to glass packaging.

Asia-Pacific Glass Bottles And Containers Industry Segmentation

Glass bottles and containers are used in the alcoholic and non-alcoholic beverage industries due to their ability to maintain chemical inertness, sterility, and non-permeability. Glass packaging is valued for its unique properties, including its transparency, inertness, and ability to preserve quality and integrity of its contents. It is often chosen for products where purity, safety, and environmental sustainability are paramount concerns.

The Asia-Pacific glass bottles and containers market is segmented by end-user vertical (beverages [liquor, beer, soft drinks, milk], food, cosmetics, pharmaceuticals, and other end users) and country (China, Japan, India, South Korea, and Rest of Asia-Pacific). The report offers market size and forecast regarding value (USD) for all the above segments.