India Glass Bottles and Containers Market revenues is projected to grow at a CAGR of 10.3% respectively during 2024E-2030F

Liquors by End-User held the highest revenue share in India Glass Bottles and Containers Market -6Wresearch

In 2023, liquor led the market in terms of volume, fueled by strong demand for both liquor and beer in India. Glass is the material of choice for packaging these beverages, as it effectively preserves their taste and quality. Its ability to prevent contamination and safeguard flavor makes it highly desirable for packaging in this industry.

According to 6Wresearch, IndiaGlass Bottles and Containers Market revenues is projected to grow at a CAGR of 10.3% respectively during 2024E-2030F. The packaging industry, currently the 5th largest in India, is growing at an annual rate of 22-25%, boosting the demand for glass bottles and containers. Sectors like fast-moving consumer goods (FMCG) and agriculture, which are heavily reliant on sustainable packaging, are driving this demand. Glass packaging’s eco-friendly properties make it a preferred choice for industries focused on reducing environmental impact.

Foreign direct investment (FDI) in the packaging sector, amounting to US$ 1.71 billion in the Eco-friendly Packaging industry from 2000 to 2024, reflects the market's growth potential. Companies like Swiss-based SIG are establishing operations in India, signaling strong interest in sustainable packaging. This offers significant opportunities for glass manufacturers to expand their market share and lead the shift towards eco-friendly packaging solutions in India.

According to Parth, Senior Research Analyst, 6Wresearch, more than 50% of India’s glass bottle consumption is attributed to the alcoholic beverages sector. The phasing out of PET bottles in states like Kerala is further boosting demand for glass, creating new opportunities in the glass packaging industry. As consumers increasingly prefer sustainable and premium packaging, glass is emerging as the material of choice. This shift is encouraging greater investments in production capacity and sustainable innovations, driving further growth in the glass bottle market.

India Glass Bottles and Containers Market (2024-2030) report provides an in-depth analysis with 18 figures and 3 tables, covered in 63 pages. The report thoroughly covers market by end-user. India Glass Bottles and Containers Market outlook report provides an unbiased and detailed analysis of the on-going India Glass Bottles and Containers Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.