Glass Container Packaging Market In China to grow by USD 2.79 Bn, Rising Demand From E

NEW YORK, Oct. 28, 2022 /PRNewswire/ -- The "Glass Container Packaging Market In China by Distribution Channel (Offline and Online) and End-user (Food and beverage, Personal care, Pharmaceutical, and Others) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the glass container packaging market in china between 2021 and 2026 is USD 2.79 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Download the Sample Report.

Key Market Dynamics:

Market Driver: The rising demand from the e-commerce industry is one of the key drivers supporting the glass container packaging market growth in China. Consumers are increasingly spending less time in retail stores due to the comfort of shopping from their homes. In view of this, the first direct interaction that consumers have with different brands is the packaging of products that are delivered to their doors. Packaging plays a major role in the first impression that consumers have of brands. Therefore, most brands try to differentiate themselves by offering various types of packaging, such as paper and paperboard containers and specialized corrugated containers. Moreover, the major applications of glass container packaging in the food and beverage industry are the packaging of snacks, beer, and others. Thus, the growth of the e-commerce industry in China will increase the demand for container packaging, which will drive the China glass container packaging market growth in focus during the forecast period.

Market Challenges: Fluctuations in raw material prices are one of the challenges hampering China's glass container packaging market growth. The high demand for a specific raw material also leads to an increase in its price. The prices of soda ash, one of the major raw materials, which accounts for more than 50% of the total cost of raw materials in the manufacturing of glass containers, have been continuously rising since January 2018. The fluctuations in raw material prices are providing opportunities for substitutes for glass packaging such as bioplastics, aluminum, and PET. Aluminum allows the development of premium-looking containers that weigh less, are simple to manage and are less costly to ship. Thus, the use of substitutes can pose a threat to China's glass container packaging market growth during the forecast period.

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Revenue Generating Distribution Channel Segment Analysis

The glass container packaging market share growth in China by the offline segment will be significant during the forecast period. The preference for convenience stores is increasing among consumers, which is expected to drive the growth of the offline distribution channel during the forecast period. Convenience stores target consumers who are constrained for time and want to get in and out of the store quickly. Factors such as the location of the store at a convenient place, the extended hours of operation, one-stop shopping benefits, grab-and-go food service options, a variety of merchandise, and fast transactions are attracting consumers to shop in convenience stores. These factors of offline stores will drive the glass container packaging market size in China during the forecast period.

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Glass Packaging Market in Americas by Application and Geography – Forecast and Analysis 2022-2026: The glass packaging market share in the Americas is expected to increase by USD 4.43 billion from 2021 to 2026.

Glass Container Packaging Market In China Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.63%

Market growth 2022-2026

USD 2.79 billion

Market structure

Concentrated

YoY growth (%)

4.33

Regional analysis

China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

East Asia Glass Ltd., Hualian Glass Manufacturers Co. Ltd., Huaxing Glass, Jining Baolin Glass Products Co. Ltd., Roetell Glass Packaging Co. Ltd., Ruisheng Glass Bottle Wholesale Co. Ltd., Shanghai Misa Glass Co. Ltd., Shanghai Vista Packaging Co. Ltd, Tai an Maidao Industry Co. Ltd., Unipack Glass Co. Ltd., Xuzhou Huihe International Trade Co. Ltd., and Zhangjiagang Guochao Glassware Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market Overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market Definition

3.2 Market segment analysis

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

4.1 Five forces summary

4.2 Bargaining power of buyers

4.3 Bargaining power of suppliers

4.4 Threat of new entrants

4.5 Threat of substitutes

4.6 Threat of rivalry

4.7 Market condition

5 Market Segmentation by Distribution Channel

5.1 Market segments

5.2 Comparison by Distribution Channel

5.3 Offline - Market size and forecast 2021-2026

5.4 Online - Market size and forecast 2021-2026

5.5 Market opportunity by Distribution Channel

6 Market Segmentation by End-user

6.1 Market segments

6.2 Comparison by End-user

6.3 Food and beverage - Market size and forecast 2021-2026

6.4 Personal care - Market size and forecast 2021-2026

6.5 Pharmaceutical - Market size and forecast 2021-2026

6.6 Others - Market size and forecast 2021-2026

6.7 Market opportunity by End-user

7 Customer Landscape

7.1 Customer landscape overview

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

9.3 Landscape disruption

9.4 Industry risks

10 Vendor Analysis

10.1 Vendors covered

10.2 Market positioning of vendors

10.3 East Asia Glass Ltd.

10.4 Jining Baolin Glass Products Co. Ltd.

10.5 Roetell Glass Packaging Co. Ltd.

10.6 Ruisheng Glass Bottle Wholesale Co. Ltd.

10.7 Shanghai Misa Glass Co. Ltd.

10.8 Shanghai Vista Packaging Co. Ltd

10.9 Tai an Maidao Industry Co. Ltd.

10.10 Unipack Glass Co. Ltd.

10.11 Xuzhou Huihe International Trade Co. Ltd.

10.12 Zhangjiagang Guochao Glassware Co. Ltd.

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

11.3 Currency conversion rates for US$

11.4 Research methodology

11.5 List of abbreviations

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