Glass bottles made from glass by glass bottle manufacturers in India come in a variety of sizes, but the most common sizes range between 200 ml and 1.5 liters. Glass bottles are commonly used to store culinary sauces, soda, wine, cosmetics, pickles, and preserves. To produce glass, the material was heated, and clay shapes were dipped into the molten liquid. When the glass cooled, the clay inside was peeled away, leaving only the hollow glass vessel.
Future Prospects for Glass Bottle Manufacturers in India
India's glass packaging market is expected to grow at a CAGR of 6.94% during the forecast period. Packaging manufacturing and production, as well as related industries, are located in only a few countries where packaging has a significant economic impact. The focus has shifted from the country's glass packagers to the pharmaceutical industry.
In pharmaceuticals and biotechnology, India has the second largest workforce in the world. According to the Indian Economic Survey 2021, the pharmaceutical business will expand during the next decade. The value of the pharmaceutical industry in the country is estimated to be US$41 billion in 2021, US$65 billion in 2024, and US$120-130 billion in 2030.
The non-porosity, impermeability, eco-friendliness, and aesthetic appeal of glass bottles are contributing to the rise in their use in the packaging industry. The glass industry in India is well established and has long been a cottage industry. In recent years, the company has moved from manual labor to sophisticated automated technology. According to Hindustan National Glass and Industries Limited, India's per capita glass packaging usage (1.8 kg) is very low compared to other countries.
Consumers' growing environmental awareness is also boosting the glass packaging industry, as glass packaging is a reusable and eco-friendly alternative to plastic packaging. Changes in consumer lifestyles and rising disposable incomes are also expected to drive the industry's growth.
Increasing competition from other forms of packaging, such as aluminum cans and plastic containers, is one of the major concerns of the market. These goods are lighter in weight than thick glass, and they are becoming more popular among producers and buyers due to lower haulage and shipping expenses. Also, in recent years, the glass packaging sector has focused on strengthening traceability to reduce counterfeiting in the country.
Glass manufacturers in India are talking about using permanent markers on containers to protect customers from the dangerous behaviour of counterfeit goods producers. The country's current trend of investing in COVID-19 vaccines is emerging as a major driver of vials growth. According to IBEF, the Indian pharmaceutical industry meets more than half of the demand for various vaccines worldwide and accounts for about 40% of the generic market in the United States and 25% of all medicines in the country.
Note: Are you looking for top company databases for manufacturing, businesses and related sectors? Here, 77Data provides you with high-quality and verified data at a very affordable price. To download data, click on the text links given below:
Gurgaon company list | Pune manufacturing company list | Manufacturing company in Delhi NCR | Hyderabad industries list | Manufacturing Company in Vadodara
Comments