Hyderabad, 3rd July 2024 – With the global glass packaging market poised for significant growth, from $67.28 billion in 2024 to $93.69 billion by 2032. AGI Greenpac, a focused Packaging Products company in India, is implementing a two-pronged strategy to capitalize on this growth.
AGI Greenpac is making a strategic investment of ₹230 crore to modernize its existing furnaces, implement cutting-edge technologies, and optimize production. This initiative will enable the company to better serve the growing demand for high-quality glass packaging solutions.
AGI Greenpac is also strategically expanding its reach beyond India’s borders to establish itself as a key force in the international glass packaging landscape. Fueled by the growing global demand for high-quality glass packaging, the company is actively exploring export opportunities in the Middle East and Europe, following the establishment of a strategic export channel in the USA. This move reflects AGI Greenpac’s commitment to effectively serving global markets and fostering stronger relationships with customers worldwide.
On the sidelines of a plant visit, Mr. Rajesh Khosla, CEO, of AGI Greenpac, said, “Our investment in our production capabilities will ensure we are well-positioned to meet the demand for our innovative, high-quality glass packaging solutions. This commitment to best-in-class practices not only strengthens our domestic offerings but also allows us to venture into new markets.”
The state-of-the-art specialty glass plant in Bhongir, Telangana, has been fully operational since January 2023. With a daily production capacity of 154 tonnes, this facility caters to a diverse range of industries, including cosmetics, perfumery, candle jars, and premium alcohol beverage segments. The plant utilizes cutting-edge Blow & Blow and Press & Blow technologies to produce high-quality clear glass products in various shapes and sizes to precisely shape molten glass into a wide range of high-quality, complex glass bottles and jars.
AGI Greenpac also houses India’s first glass packaging R&D Center, dedicated to developing sustainable solutions and pioneering new technologies such as our energy-efficient multi-color cold foil stamping process. The Decoration Unit, another first in India, offers a vast array of customization options and leverages a range of advanced processes, including ceramic, UV, and hot-foil stamping, to meet the evolving demands of global cosmetics, perfumery, and beverage brands.