India Container Glass Market Size (2024 - 2029)

India Glass Container Market Analysis

The India Container Glass Market size is estimated at USD 12.25 billion in 2024, and is expected to reach USD 25.67 billion by 2029, growing at a CAGR of 15.96% during the forecast period (2024-2029).

The glass container's higher content of water-insoluble oxides imparts slightly higher chemical durability against water, which is required to store beverages and food. Low per capita container glass consumption in India provides tremendous growth opportunities.

• The increased alcohol consumption in India has contributed to the significant increase in the growth rate of the container glass market in India. Container glass has the most abundant adoption in the Liquor industry, and thus, the growth rate of the Liquor industry directly impacts the glass container market in India. According to the report published by Agriculture and Agrifood Canada, the in the past years, beer consumption has been increasing. The estimated beer consumption in India marked 2.15 billion liters in 2022; by 2026, the consumption is expected to increase to 2.6 billion liters. Beer is packaged in dark-colored glass bottles to preserve contents, which are prone to spoilage when exposed to UV light.
• The ban on plastic in regions like India and other countries has also contributed significantly to the usage of glass containers. Due to glass containers being a direct substitute for plastic containers, the ban on plastics has made the industries see the glass as the primary replacement for emerging packaging material. Despite the low per capita consumption, with the downstream demand from local beverage, alcohol, food, pharmaceuticals, and cosmetics industries, the market is experiencing robust growth.
• However, the main hindrance to the market growth is the higher carbon footprint. Glass manufacturing requires a high-temperature, energy-intensive process, with furnace temperatures up to 1,300°C to 1,650°C and flames up to 2,000°C. Further, compared with alternate materials, Glass packaging is 12 times heavier than carton-based packaging. A Thinkstep study revealed that material weight also contributes significantly to the carbon footprint from fossil fuels to stores.
• The Indian soft drink market might continue its "robust growth trajectory" as the annual per-capita bottle consumption was expected to reach around 84 by 2021 and more in 2022, according to the report by PepsiCo India's bottling partner Varun Beverages Ltd (VBL). Furthermore, PepsiCo is looking to curb plastic packaging in its soft drinks. The company has set a target of reducing up to 67 billion plastic bottles by 2025. With its acquisition of the SodaStream business, it is expected to boost glass bottle packaging in its offerings.
• The COVID-19 pandemic boosted the online discovery and sales of a new generation of cosmetic products due to the closure of supermarkets, department stores, hypermarkets, and salons. Like China, India's consumer relocation to online channels has benefited the DTC (direct-to-consumer) brands. One such success story in the sector, founded by Falguni Nayar, was Nykaa, one of the leading cosmetic companies with the largest share in the online beauty and personal care market. Also, the pandemic has presented both an opportunity and a challenge for India to emerge as a pharmacy globally. The statewide lockdown in India placed the whole packaging supply chain to a near-standstill. Glass packages in the country, on the other hand, turned their focus to the pharmaceutical industry.

India Glass Container Industry Segmentation

Container glass has a lower magnesium oxide and sodium oxide content than flat glass and a higher Silica, Calcium oxide, and Aluminium Oxide content. Most container glass is soda-lime glass, produced by blowing and pressing techniques, while some laboratory glassware is made from borosilicate glass.

The India Container glass packaging is Segmented by End-user Industries (Food, Beverage, Cosmetics & Perfumery and Pharmaceuticals). The market sizes and forecasts are provided in terms of value in USD for all the segments mentioned above.