Vietnam Container Glass Market Size (2024 - 2029)

The Vietnam Container Glass Market is anticipated to experience growth driven by increasing consumer demand for safe and eco-friendly packaging solutions. This growth is supported by technological advancements that enhance the appeal of glass packaging, as well as a rising demand from the food and beverage sector. The market's expansion is further fueled by investments in research and development, which promote innovations in glass packaging. The shift towards glass is largely influenced by the growing middle class and the youthful population, alongside a heightened awareness of environmental impacts, making glass a preferred sustainable option over plastics.

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Market Size of Vietnam Container Glass Industry

Vietnam Container Glass Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) 3.09 %
Market Concentration Low

Major Players

Vietnam Container Glass Market Major Players

*Disclaimer: Major Players sorted in no particular order

Vietnam Container Glass Market Analysis

The Vietnam Container Glass Market size in terms of production volume is expected to grow from 833.55 kilotons in 2024 to 970.46 kilotons by 2029, at a CAGR of 3.09% during the forecast period (2024-2029).

The rising consumer preferences for safe and eco-friendly packaging are propelling the growth of glass packaging across various segments in Vietnam. Additionally, technological advancements, including embossing, shaping, and artistic finishes, enhance the appeal of glass packaging.

  • Notably, the escalating demand for eco-conscious solutions and a surging appetite from the food and beverage sector are further fueling Vietnam's glass packaging market. The market is also benefiting from increased investments in research and development, which are driving innovations in glass packaging.
  • This transition is chiefly propelled by two factors: the swift growth of the middle class and the country's predominantly youthful population. With convenience stores, coffee shops, snack outlets, and the more comprehensive retail and hospitality landscape thriving, the demand for glass bottle packaging is poised for a significant upswing.
  • Extended Producer Responsibility (EPR) is an environmental policy approach in which a producer's responsibility for a product is extended to the post-consumer stage of a product's life cycle. EPR policies require producers to take responsibility for the entire lifecycle of their products, including the post-consumer stage.
  • Consumers are increasingly aware of the environmental impact of packaging materials. Glass is recyclable and perceived as a more sustainable option compared to plastics. This preference for environmentally friendly packaging can drive up the demand for container glass.
  • Materials like plastic offer greater design and functionality flexibility than glass. For instance, plastic can be molded into various shapes and sizes more easily than glass, which might appeal to companies looking to differentiate their products.

Vietnam Container Glass Industry Segmentation

The market is defined in terms of consumption sales of various container glasses such as bottles, jars, vials, and ampoules offered by various vendors operating in the market. The consumption volume (kilo tonnes) of the Vietnam container glass market is considered for the market size and forecasts. The market study factors are based on the prevalent base scenarios, key themes, and end-user vertical-related demand cycles.​​​

The Vietnam container glass market is segmented by end-user industry (beverages (alcoholic (beer and cider, wine and spirits, and other alcoholic beverages), non-alcoholic (carbonated soft drinks, milk, water and other non-alcoholic beverages (juices, among others)), food, cosmetics, pharmaceuticals, other end-user industry). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

By End-user Industry
Beverage
Alcoholic
Beer and Cider
Wine and Spirits
Other Alcoholic Beverages
Non-Alcoholic
Carbonated Soft Drinks
Milk
Water and Other Non-alcoholic Beverages (Juices, Among others)
Food
Cosmetics
Pharmaceuticals
Other End-user Industries
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Vietnam Container Glass Market Size Summary

The Vietnam container glass market is experiencing a notable expansion, driven by a growing consumer preference for safe and eco-friendly packaging solutions. This trend is particularly evident in the food and beverage sector, where glass packaging is favored for its ability to preserve taste and quality. The market's growth is further supported by technological advancements in glass packaging, such as embossing and artistic finishes, which enhance its appeal. The increasing awareness of environmental impacts and the recyclability of glass compared to plastics are significant factors contributing to the rising demand for container glass. This shift is also influenced by the country's expanding middle class and youthful population, which are boosting the retail and hospitality sectors, thereby increasing the demand for glass bottle packaging.

The market is characterized by a fragmented landscape with several key players, including O-I BJC Vietnam Glass Co., Go Vap Glass, and Nashley Technology Joint Stock Company, among others. These companies are investing in innovation and sustainability to maintain a competitive edge. The premium segment, often packaged in glass, is expected to see continued growth, particularly in the wine and spirits market, as consumers increasingly seek high-quality and environmentally friendly products. Additionally, potential government regulations aimed at reducing plastic usage could further enhance the demand for glass packaging. The market's expansion is also reflected in the increased retail sales of alcoholic beverages, which are likely to drive further investments in glass packaging solutions.

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Vietnam Container Glass Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitute Products

    3. 1.3 Industry Ecosystem Analysis with Emphasis on Circular Economy

    4. 1.4 Industry Standards and Regulations for Glass Packaging in Vietnam

    5. 1.5 Raw Material Price Trend Analysis Cullet, Sand, and Container Glass

    6. 1.6 Trade Analysis

    7. 1.7 Vietnam Container Glass Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By End-user Industry

      1. 2.1.1 Beverage

        1. 2.1.1.1 Alcoholic

          1. 2.1.1.1.1 Beer and Cider

          2. 2.1.1.1.2 Wine and Spirits

          3. 2.1.1.1.3 Other Alcoholic Beverages

        2. 2.1.1.2 Non-Alcoholic

          1. 2.1.1.2.1 Carbonated Soft Drinks

          2. 2.1.1.2.2 Milk

          3. 2.1.1.2.3 Water and Other Non-alcoholic Beverages (Juices, Among others)

      2. 2.1.2 Food

      3. 2.1.3 Cosmetics

      4. 2.1.4 Pharmaceuticals

      5. 2.1.5 Other End-user Industries

Vietnam Container Glass Market Size FAQs

The Vietnam Container Glass Market size is expected to reach 833.55 kilotons in 2024 and grow at a CAGR of 3.09% to reach 970.46 kilotons by 2029.

In 2024, the Vietnam Container Glass Market size is expected to reach 833.55 kilotons.

Vietnam Glass Market Report Snapshots

Vietnam Container Glass Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)