LEADERSHIP
Acing the Sustainable Packaging
Game with GLASS
“The demand for glass packaging products is growing due to the rising population, increasing income levels, evolving lifestyles, and growing economy. Another strong focus for the packaging industry in 2022 and beyond, is on providing sustainable packaging solutions for various sectors. Every company that deals with packaged goods is now actively considering joining the green wave as the consumers are more conscious and deliberate about their environmental footprint today. The next five years will be focusing on transitioning towards sustainability and smart packaging solutions, “highlights Rajesh K Khosla, President & CEO, AGI Glaspac, a part of Packaging Products Division (PPD), HSIL Ltd, makers of the iconic brand ‘Hindware’, during an exclusive interview…. Share with us AGI Glaspac's journey to becoming one of the leading container glass bottle manufacturers in India. AGI Greenpac (erstwhile HSIL Ltd.) is a leading packaging products company. AGI Greenpac acquired AGI Glaspac in 1981 to foray into the manufacturing of glass containers in India. Today, AGI Glaspac is a leading packaging company with a wide range of glass packaging containers ranging from 5 ml to 4000 ml and has an average capacity of melting 1600 tonnes of glass per day. The company has two strategically located, state-of-the-art manufacturing plants, one in Hyderabad and the other at Bhongir (Telangana). Leveraging its innovation strength, the company continues to introduce new and customised products to cater to the ever-evolving needs of the customers and is leading the sector towards adopting sustainable practices. Recently, AGI Glaspac with an investment of Rs220 crore has commissioned a green facility to manufacture ‘Specialty Glass’ in Bhongir, Telangana. The plant has a combined
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capacity to process 154 metric tonnes and will produce about 70 lakh bottles and containers per day. The high-quality specialty glass products will cater to industries such as pharmaceuticals, including vials, perfumery, cosmetics, and high-end liquor.
What is the overall market size of the glass packaging industry in the country? What is the market share of your company at present? What is the target ahead? The past decade has witnessed significant changes in the packaging products industry driven by a host of factors such as new market penetration, the emergence of contactless delivery, and the changing ownership dynamics across the world. Glass packaging is a premium and one of the most trusted forms of packaging for health, taste, and environmental safety. This ensures its continuous usage worldwide, across a range of end-user industries, despite the heavy competition from other packaging materials. In India, the Packaging Industry is estimated to report a CAGR of 26.7%
during 2022-2027. The factors driving the demand for packaging can be attributed to the rising population, growing income levels, changing lifestyles, and increased internet penetration. We are the second-largest glass container company in India, and we strive for continued excellence in the business through our innovation, valueadded product mix, quality, and designs. Our marquee clientele comprises key brands from diverse sectors like AlcoBev, pharmaceuticals, FMCG, and others, derisking us from dependence on any specific sector. Our long-standing relationship with the clients helped us navigate through challenging times owing to the assured commitment we share with them. We expect to grow at an accelerated rate on the back of our investment in technology, our people, and streamlining of processes. In addition to it, our foray into specialty glass will further help us cement our position in high-margin sectors such as perfumery and beauty. The ongoing expansion of sectors such as food & beverage, pharmaceutical &
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