Market Forecast By Type (Mold-blown, Pressed, Glass, Glassblowing, Molten) And Competitive Landscape
Product Code: ETC433400 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India Pressed and Blown Glass Market is forecast to grow during the forecast period. The market is driven by the increasing demand for pressed and blown glass from the automotive and construction industries.
Pressed and blown glass are two types of glass that are manufactured using different methods. Pressed glass is made by pressing molten glass into a mold to create a desired shape. Blown glass, on the other hand, is made by blowing air into molten glass to create a bubble, which is then shaped into a desired shape. The main difference between pressed and blown glass is their appearance. Pressed glass has a smooth surface, while blown glass has a more textured surface. Pressed glass is also usually thinner than blown glass.
According to 6Wresearch, the India Pressed & Blown Glass Market size is expected to grow during 2022-2028. Pressed and blown glass are extensively used in the food & beverage industry for packaging purposes. The increasing demand for packaged food & beverages, owing to the changing lifestyle of consumers, is expected to drive the growth of the pressed and blown glass market in India. Moreover, the growing construction industry in India is anticipated to fuel the demand for pressed and blown glass over the forecast period.
The automotive industry is another major end-use sector for pressed and blown glass. The increasing production of vehicles in India is expected to drive the growth of the pressed and blown glass market over the forecast period. In addition, the rising disposable income of consumers is anticipated to boost the demand for luxury cars in India, which in turn is expected to propel the growth of the automotive sector. This, in turn, is expected to drive the growth of the pressed and blown glass market in India over the forecast period.
The COVID-19 pandemic significantly affected the growth of the India Pressed and Blown Glass Industry. The market was dealing with great challenges during the pandemic. It was because there were huge restrictions on the operation of any non-essential businesses. Every non-essential industry negatively affected by the pandemic. The operation of any non-essential businesses was not allowed because of the sudden outbreak of the pandemic. The Indian government wanted to limit the spread of the virus. Thus, government had to imposed lockdown that led to the restrictions on non-essential sectors including Pressed and Blown Glass Market in India. The market is now recovering from the impacts of the pandemic. It is expected that it will grow more in the near future.
On the basis of type, the Pressed & Blown Glass Market in India can be divided into Mold-Blown, Pressed, Glass, Glassblowing, and Molten. All these types have been growing effectively and rapidly in the market. They are expected to boost the growth, size, share and revenue of this market in the near future.
The Pressed and Blown Glass Market in India is highly competitive. This competition will be more intense in the years to come. The Prominent players operating in the India Pressed and Blown Glass Market are Vitro Architectural Glass (Guardian Industries), Schott AG (Taiwan Glass Ind. Corp.), Saint-Gobain S.A., Asahi Glass Co., Ltd., Nippon Sheet Glass Co., Ltd., compangia veneziana vetro s.p.a., Corning Incorporated (Vitro SAB de CV), Owens Corning Inc., Nippon Sheet Glass Co. Ltd., GlaxoSmithKline PLC, Hindustan National Glass & Industries Limited. These companies have been boosting the growth of the market. Since new players are entering the market, the competition will be intense.
The report offers a comprehensive study of the subsequent market segments: