Vietnam Container Glass Market Report and Forecast 2024-2032

Vietnam Container Glass Market Size

The Vietnam container glass market is projected to grow at a CAGR of 2.6% between 2024 and 2032. The market is being driven by the growing focus on sustainability and the rising demand for premium packaging solutions.

Vietnam Container Glass Market Outlook

• Vietnam aims to reduce ocean plastic by 75% by 2030, focusing on eliminating single-use and non-biodegradable plastic in coastal tourist areas.

• The food and beverage sector in Vietnam experienced a robust growth rate of 11.47% in 2023, which is anticipated to boost market as glass containers are extensively utilised in food and beverage packaging.

• The growing market for ready-to-eat meals and gourmet foods is boosting the demand for glass containers, valued for their aesthetic appeal and ability to ensure product safety.

Vietnam Container Glass Market Growth

Container glass consumption in Vietnam is dominated by alcoholic beverages, making up more than half of the total at 53%. Non-alcoholic beverages, foods, and pharmaceuticals follow at 12%, 18%, and 12%, respectively, with the remaining 5% allocated to miscellaneous items. Beer stands out as the primary user of container glass bottles in the nation. The significance of container glass in the local beer sector is underscored by the fact that two major brewers, Saigon Beer-Alcohol-Beverage Corporation and the Hanoi Beer Alcohol and Beverage Joint Stock Company, have investments in the country's main container glass producers.

The increasing awareness of environmental issues and the detrimental effect of plastic waste are driving both consumers and companies to adopt glass containers. Glass is highly recyclable, allowing it to be reused indefinitely without degrading in quality. Additionally, glass containers have a significantly lower environmental footprint compared to plastic, contributing less to pollution and reducing the strain on natural resources. This shift towards glass containers reflects a broader commitment to sustainability and environmental responsibility in packaging choices.

Vietnamese consumers are increasingly favouring premium and safe packaging solutions due to rising disposable incomes and heightened awareness of health and environmental issues. Glass containers, in particular, are gaining popularity for their aesthetic appeal, which enhances the visual presentation of products. Additionally, the perceived quality of glass, which does not react chemically with its contents and offers superior preservation, is a significant factor driving this trend. This shift is also supported by a broader movement towards sustainable and eco-friendly packaging options.

Vietnam Container Glass Industry Segmentation

“Vietnam Container Glass Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Bottles

• Jars

• Vials and Ampoules

• Others

Market Breakup by End Use

• Food

• Beverage

• Pharmaceuticals

• Cosmetics

• Others

Market Breakup by Region

• Southeast

• Red River Delta

• Mekong River Delta

• South Central Coast

• Others

Vietnam Container Glass Market Share

Based on the end use, the market is divided into food, beverage, pharmaceuticals, and cosmetics, among others. The pharmaceuticals sector is projected to grow at a CAGR of 3.4% during the forecast period of 2024-2032 as glass remains inert with most pharmaceuticals, ensuring the medications' stability and efficacy. This non-reactivity prevents contamination from chemical interactions, maintaining the drug's purity. Furthermore, glass can be easily sterilised at high temperatures without compromising its structural integrity, making it an ideal choice for pharmaceutical packaging.

Leading Companies in the Vietnam Container Glass Market

Major market players are investing heavily in sustainable manufacturing practices to gain a competitive edge.

• O-I BJC Vietnam Glass Limited

• Go Vap Glass JSC

• Hung Phu Glass JSC

• San Miguel Corporation

• Viet Nam Nashley Technology JSC

• Feemio Group Co., Ltd.

• Others

Key Highlights of the Report