The substantial growth of alcoholic beverages intake in Asia Pacific will expand the industry growth in coming years. The common glass products include bottles, vials, jars, etc. to contain various solid and liquid substances. The products are chemically inert and sterile.
Glass conserve the containing material’s composition and also correspondingly increases its shelf life. The product demand for food & nonalcoholic packaging is also increasing as the consumer preference is shifting towards more hygienic food packaging. Countries such as Indonesia, Australia, Malaysia, Japan etc. also detect similar trend for pharmaceutical applications.
Based on product, Asia Pacific glass packaging market is segmented into borosilicate, de-alkalized soda lime and soda lime. Soda lime acquired the highest share in the Asia Pacific glass packaging market in 2018. On the basis of applications, the industry is divided into alcoholic beverages, beer, food & beverages, pharmaceuticals and others. Alcoholic beverages and beer are considered different entities. Alcoholic beverages includes wine and spirits. Alcoholic beverages has the highest share in the market in 2018. Additionally, product demand for pharmaceutical will grow as the pharmaceutical industry is growing impressively in the region, especially in India and China.
Some of the key companies in the Asia Pacific glass packaging market includes Amcor Limited, Ardagh Group, Vitro Packaging LLC, Gerresheimer AG, Bormioli Rocco S.p.A, Hindusthan National Glass & Industries Ltd., Piramal Glass Limited, Owens-Illinois, Inc., Nihon Yamamura Glass Co, Ltd., etc.