According to experts, the Vietnam container glass market is poised for steady growth. The market is expected to expand from 0.86 thousand kilotons in 2025 to 1.00 thousand kilotons by 2030, representing an annual growth rate of 3.09%.
Several factors are driving this expansion. Experts highlight the flourishing food and beverage industry as a primary catalyst. Furthermore, increasing environmental consciousness among consumers and the enforcement of Extended Producer Responsibility (EPR) regulations are contributing significantly to the market’s positive trajectory.
Currently, the beverage sector dominates the market, commanding approximately 61% of the total market share in 2024, according to experts. However, the cosmetics segment is experiencing the most rapid growth, with projections indicating an annual growth rate of around 6% between 2024 and 2029.
Key players shaping the market landscape include O-I BJC Vietnam Glass Co., San Miguel Yamamura Packaging Corporation, and Hung Phu Glass Joint Stock Company. Experts note that these companies are prioritizing innovation, sustainability, and strategic expansions to maintain their competitive edge.
Key Takeaways:
- Steady Growth: The market is projected to grow at a CAGR of 3.09% from 2025 to 2030, indicating a stable and expanding market.
- Beverage Dominance: The beverage segment remains the largest market share holder, presenting significant opportunities for suppliers catering to this sector.
- Cosmetics Growth: The cosmetics segment is the fastest-growing, signaling a rising demand for premium and sustainable packaging solutions.
- Environmental Factors: Increasing environmental awareness and EPR regulations are driving demand for sustainable packaging, impacting material choices.
- Key Players’ Focus: Major companies are focusing on innovation, sustainability, and strategic expansions, indicating a competitive and evolving market.
- Market size: The market is expected to grow from 0.86 thousand kilotons in 2025 to 1.00 thousand kilotons by 2030.
- Strategic Expansion: The need for companies to strategically expand their operations to keep up with the growing market.
- Regulatory impact: The impact of governmental regulations, such as EPR, should be monitored closely, as they will shape the industry.
