India Container Glass Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)

The India container glass market is expected to register a CAGR of 6.78% during the forecast period of 2021-2026. Container glass is a type of glass for the production of glass containers, such as bottles, jars, drinkware, and bowls. Its higher content of water-insoluble oxides imparts slightly higher chemical durability against water, which is required for the storage of beverages and food. Low per capita container glass consumption in India provides tremendous growth opportunity.

– The increased alcohol consumption in India has contributed to the significant increase in the growth rate of the container glass market in India. The 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.
– The ban on plastic in regions like India has also contributed significantly to the container. Due to glass containers being a direct substitute to plastic containers, the ban on the plastics has made the industries see the glass as the primary replacement as the emerging packaging material.
– The emergence of other emerging packaging materials can pose a threat to the market growth of the glass container market.

Key Market Trends

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Increased Liquor Consumption in India is Contributing Significantly to the Market Growth

– According to the CARE Ratings, from INR 1,47,500 Cr. in 2016, the Indian alcohol market is expected to increase to INR 1,75,400 Cr. by 2021, giving a boost to the container glass segment in the country.
– Moreover, a 7.5% growth rate is expected for the beer market for the next 5 years in India.

Beverage Industry to Register Significant Growth

– Due to the plastic ban initiatives launched by the Indian Government, the usage of plastic beverage bottles has been restricted. This has lead the beverage industry manufacturers to search for alternatives and most of them have viewed Glass as an ideal replacement.
– The Indian soft drink market might continue its robust growth trajectory as annual per-capita bottle consumption is expected to reach around 84 by 2021, according to a report by PepsiCo India’s bottling partner Varun Beverages Ltd (VBL). The industry would have a broad-based growth across categories, especially helped by juices and bottled water, VBL said in its 2018 Annual Report.
– The beverage sales in India will be helped by key growth drivers such as under-penetration of the segment, growing middle class, rising affordability and urbanization, and rural electrification besides continued innovations towards product packaging and sizing.

Competitive Landscape

The market consists of several players. In terms of market share, none of the players currently dominate the market. The manufacturers are coming up with product innovations and are demonstrating how different their product offerings are from competitors.

– June 2019 – Piramal Glass participated in the 2019 edition of Cosmoprof India, held from June 12 to 14, 2019 at the Bombay Exhibition Center, Mumbai, India. At the event, the company showcased its latest range of glass-bottles and glass-jars in perfumery, cosmetics, and skincare segment.

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