Market Trends of Japan Container Glass Industry
This section covers the major market trends shaping the Japan Container Glass Market according to our research experts:
Pharmaceutical Industry to Witness Significant Growth
- Japan has one of the fastest-growing pharmaceutical sectors, always focusing on strong innovation and patent pharmaceuticals. The Japanese government is also helping to drive growth by removing barriers to international investment, fueling the country's pharmaceutical market. With the growing demand in the pharmaceutical sector, the use of glass containers is expected to rise in the country.
- Companies in the region expanded their production and manufacturing capacity due to the COVID-19 pandemic to support the pharmaceutical industry. For instance, Nipro Corporation Japan is investing USD 13.6 million in a new glass packaging plant for the pharmaceutical industry in Croatia. This new factory will produce glass ampoules and vials to package life-saving drugs.
- Recently, Namicos a provider of glass containers for the pharmaceutical industry hosted one of the first meetings of the Pharma & Biopharmaceutical Outsourcing Association of America (PBOA) and the Japan CMO Association. CMO representatives from Japan and the world attended this joint gathering to share his CMO/CDMO vision in the US and Japan and the best practices, ideas, and knowledge shaping the international pharmaceutical industry. Such initiatives will further leverage the market for pharmaceutical glass containers in the region.
- Organizations are focused on innovating new products in the market. For instance, in July, KOA Glass Co., Ltd. introduced a new glass jar for the Loop project. Shiseido AQUA LABEL's "Special Gel Cream A (Oil-in)" will go on sale in Loop Japan's "Loop EC." The company's product has been adopted as the container for this product. This cream is the first skincare product for Loop Japan. The company has developed the jar to be highly durable and to give a sense of luxury.
- Additionally, in the past few years, Japan has emphasized recycling glass containers and bottles to reduce its carbon footprint and has built multiple glass recycling plants across the country. The strong recycling infrastructure, in a way, promotes the use of glass packaging due to its functional property advantages.
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Beverage Sales to Drive the Market Growth
- Glass is one of the most preferred packaging materials for alcoholic beverages such as spirits. The ability of glass bottles to retain product aromas and flavors is driving demand. Glass bottles are most preferred for wine packaging, especially tinted glass, as the wine should not be exposed to sunlight. Increasing consumption of wine is expected to lead to the demand for glass packaging during the forecast period in the country.
- According to Meininger's Wine Business International in January 2021 , Japan is considered the second largest wine consumer in Asia and the sixth largest importer globally. Japan is also the third largest importer of sparkling wine. Governments have signed EPAs with many wine-producing countries to eliminate or reduce tariffs.
- Moroever, Coca-Cola Japan is trying to make more environmentally friendly products by removing plastic labels from its beverages and reducing the power consumption of its vending machines. Coca-Cola's latest campaign follows announcement to make 25% of its packaging worldwide recyclable by 2030 and reusable packaging includes returnable glass bottles and more. This leverages the market for glass containers in the region.
- In Japan, a law to reduce the use of disposable plastic products has been enforced since April 2022, and companies that use large amounts of disposable plastic are obliged to reduce their use. Convenience stores, restaurants, hotels, laundries, etc., will be asked to set specific targets to reduce their use of single-use plastic products. Such laws enforced by the government will improve the market for glass containers in Japan.
