Glass Container Market Overview in Southern Asia

The South Asian glass container market shrank slightly to $ in 2019, reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2010 indices. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. The level of consumption peaked at $ in 2018, and then declined modestly in the following year.

In value terms, glass container production dropped to $ in 2019 estimated in export prices. Overall, production showed a prominent increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by % against the previous year. The level of production peaked at $ in 2018, and then declined modestly in the following year.

The countries with the highest volumes of glass container production in 2019 were Bangladesh ( units), Pakistan ( units) and Afghanistan ( units), with a combined % share of total production.

From 2007 to 2019, the most notable rate of growth in terms of glass container production, amongst the key producing countries, was attained by Bangladesh, while glass container production for the other leaders experienced more modest paces of growth.

For the ninth year in a row, Southern Asia recorded growth in consumption of bottles, jars and other containers of glass, which increased by % to units in 2019. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 when the consumption volume increased by % against the previous year. The volume of consumption peaked in 2019 and is likely to continue growth in years to come.

The size of the glass container market in Southern Asia shrank to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated a strong expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2010 indices. The pace of growth appeared the most rapid in 2016 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2018, and then reduced in the following year.

The countries with the highest volumes of glass container consumption in 2019 were Bangladesh ( units), Pakistan ( units) and Afghanistan ( units), together accounting for % of total consumption.

From 2007 to 2019, the biggest increases were in Bangladesh, while glass container consumption for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($), Pakistan ($) and Afghanistan ($) appeared to be the countries with the highest levels of market value in 2019, together accounting for % of the total market.

Pakistan recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while glass container market for the other leaders experienced more modest paces of growth.

The countries with the highest levels of glass container per capita consumption in 2019 were Bangladesh ( units per person), Afghanistan ( units per person) and Nepal ( units per person).

From 2007 to 2019, the biggest increases were in Bangladesh, while glass container per capita consumption for the other leaders experienced more modest paces of growth.

Driven by increasing demand for glass container in Southern Asia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .