Market revenue in 2021 | USD 43,025.2 million |
Market revenue in 2030 | USD 73,827.7 million |
Growth rate | 6.2% (CAGR from 2021 to 2030) |
Largest segment | Container glass |
Fastest growing segment | Fiber Glass |
Historical data covered | 2018 - 2020 |
Base year for estimation | 2021 |
Forecast period covered | 2022 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Container Glass, Flat Glass, Fiber Glass |
Key market players worldwide | AGC Inc, Fuyao Glass Industry Group Co Ltd ADR, Compagnie de Saint-Gobain SA, O-I Glass Inc, Vitro SAB de CV Class A, Luck Oka film Pharmaceutical, Nihon Yamamura Glass, Guardian Glass Services, AGI glaspac, 3B Fiberglass |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to glass manufacturing market will help companies and investors design strategic landscapes.
Container glass was the largest segment with a revenue share of 45.11% in 2021. Horizon Databook has segmented the Asia Pacific glass manufacturing market based on container glass, flat glass, fiber glass covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the largest consumer and manufacturer of glass in the world. Increasing requirements across various industries, such as infrastructure & construction, packaging, automotive & transportation, energy, and electronics, are anticipated to further augment market growth over the forecast period.
Furthermore, Asia Pacific countries are aiming to reduce their carbon emissions by shifting their focus toward solar energy. For instance, in October 2021, Bangladesh government set an ambitious target to generate 2,277 MW of energy from solar by 2030.
The rising consumption of packaged food & beverages and increasing investments for setting up recycling plants are propelling glass market growth in Asia Pacific. Packaged beverages are in great demand; companies engaged in beverage production witnessed tremendous growth in 2021.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific glass manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific glass manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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