PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1649449
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1649449
The Asia Pacific (APAC) glass packaging market is projected to grow at a CAGR of 4.41% over the forecast period, increasing from US$27.270 billion in 2025 to US$33.844 billion by 2030.
Glass packaging refers to the use of glass materials for packaging products, offering numerous advantages over other materials, including enhanced durability and a lightweight design. The growth of the glass packaging market is significantly driven by the increasing production in the pharmaceutical sector, where glass packaging provides safe and efficient solutions for drug storage. Glass is commonly used for packaging applications such as ampoules, injectables, and vials that contain both solid and liquid medications.The pharmaceutical production in the Asia Pacific region has seen substantial growth, with countries like India, China, and Japan emerging as major producers in the global market. According to the Ministry of Chemicals and Fertilizers of the Indian Government, India ranks as the third-largest producer of pharmaceuticals by volume.Additionally, the rising demand for cosmetic products globally is expected to further boost the growth of the glass packaging market in the Asia Pacific region. The increasing production within the pharmaceutical sector is also anticipated to contribute to market expansion during the forecast period.Various countries in Asia Pacific are implementing measures to support growth in their pharmaceutical sectors. For instance, the Chinese government has been investing in healthcare facilities and promoting domestic pharmaceutical production, which has increased demand for high-quality packaging options like glass. Furthermore, initiatives such as "Make in India" aim to enhance domestic manufacturing capabilities within the pharmaceutical industry, leading to greater demand for pharmaceutical packaging solutions.Increased investments in healthcare are also driving demand for glass packaging within the pharmaceutical industry. For example, the Interim Union Budget for 2024-25 allocated Rs. 90,659 crore (approximately US$ 10.93 billion) to the Ministry of Health and Family Welfare, reflecting a 1.69% increase.
In summary, the glass packaging market is poised for growth driven by increasing production in both the pharmaceutical and cosmetic sectors across Asia Pacific. Regulatory support, rising demand for high-quality packaging solutions, and significant investments in healthcare infrastructure further contribute to this positive outlook for glass packaging in the region.
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