Castles of Glass
Index : 1,820 | 1Yr : +45.7% | 1Mo : -7.96%
Category : Sectoral Trackers
Min Investment : 1,307
The Indian Glass industry is dominated by containers in terms of volume. The demand for the container segment mainly comes from the alcohol, food & pharmaceutical industries. However, In terms of sales, the industry is dominated by float glass which is dependant on real estate, infrastructure and automobiles growth. The tableware and crockery segment is a niche market which is growing at a healthy rate as there are vast changes in consumption patterns, lifestyles and higher disposable incomes. With all round growth expected in the coming years the glass manufacturing companies are poised to grow at a healthy CAGR rate of 15 percent in the future.
The organized sector controls more than 55 percent of the total market share and employs roughly 1 million people both directly and indirectly. The rest is shared between small & medium scale enterprises (SMEs) mainly in small cities. The population growth, concept of green buildings, glass packaging and solar panels are additional drivers of demand in the foreseeable future.