India overview
Strength in Indian Container Glass Industry The Indian container glass industry has seen a number of important developments in the last three years. Along with a $1 billion acquisition of Piramal Glass by Blackstone Group recently, the Indian industry has added significant capacity. Glass International presents an overview of the sector.
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hanks to the increased income levels, changing lifestyles, rising population, and growth in the economy, the demand for glass packaging is growing in India. Considerable investments in the beverages, food processing, personal care, and pharmaceuticals end-user industries have created huge opportunities for container glass industry in the country. The Indian container glass industry has been dominated by three large glass producers Hindustan National Glass Limited (HNGL), AGI Glasspac and Piramal Glass (now PGP Glass) - for more than a decade. In recent years several mid and small sized container glass producers have started to make an impact. These smaller producer have gained market share in their respective regions. Some of these producers have added new furnaces and modernised to cater to the high quality demands of glass containers from different sub-segments. The Indian container glass industry has an installed capacity of nearly 14,000 tonnes per day (excluding pharmaceutical sub-segment). There are nearly 27 large, mid and small-sized container glass producers. HNGL, the largest container glass company in the country has a pan India presence with seven production plants. AGI Glasspac has two production plants in the state of Telangana. PGP Glass has two plants in the state of Gujarat. In addition to PGP Glass the state has container glass production units of Pragati Glass, Haldyn Glass, Haldyn Heinz Glass, Gerreishimer and Schott Glass. The state accounts for nearly 30% of the total container glass production in the country. Alcoholic beverages are the largest sub-segment for container glass consumption on a volume basis, followed by food, pharmaceutical glass and cosmetics & perfumery in that order.
Alcoholic beverages will spur Indian container glass industry Current low per capita consumption of alcoholic beverages in India, increasing consumption, rapidly increasing disposable income and container glass dominanace in this sub-segment is a big positive for Indian producers. This subsegment is expected to keep a healthy growth momentum for the foreseeable future. The alcoholic beverage market in India is divided into different segments such as country liquor, Indian Made Foreign Liquor (IMFL), beer, and imported liquor. According to IWSR Drinks Market Analysis, a London-based research firm, India is the world’s ninth-largest consumer of all alcohol by volume. After China, it is the second largest consumer of spirits (whiskey, vodka, gin, rum, tequila, liqueurs). India consumed more than 663 million litres of alcohol in the year 2019, up 11% from 2017. Per-capita consumption is rising. India consumes
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