Asia-Pacific Glass Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Asia-Pacific glass packaging market is expected to record a CAGR of 5.16% over the forecast period (2022-2027). The impact of COVID-19 on the glass packaging industry is mixed. The packaging demand for healthcare, groceries, and e-commerce transportation rose sharply during the pandemic. However, the demand for luxury, industrial, and B2B transportation declined. The impact depends on the exposure to different regions and the portfolio of the packaging players.
Key HighlightsThe Asia-Pacific glass packaging market is moderately fragmented. Major players like Amcor, AptarGroup, Bemis, Piramal Glass Company, MTS Medication Technologies, and Sonoco Products Company are up-scaling the market with substantial R&D investments toward sustainability and digitization of the packaging industry in Asia-Pacific.
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