Hyderabad, 3rd July 2024 – With the global glass packaging market projected to grow from $67.28 billion in 2024 to $93.69 billion by 2032, AGI Greenpac, a leading Packaging Products company in India, is executing a strategic plan to leverage this expansion.
AGI Greenpac is investing ₹230 crore to modernize its existing furnaces, incorporate advanced technologies, and optimize production processes. This strategic investment aims to meet the increasing demand for high-quality glass packaging solutions.
Furthermore, AGI Greenpac is broadening its horizons by expanding its international presence. The company is exploring export opportunities in the Middle East and Europe, following the successful establishment of a strategic export channel in the USA. This move demonstrates AGI Greenpac’s dedication to serving global markets and building stronger customer relationships worldwide.
During a plant visit, Mr. Rajesh Khosla, CEO of AGI Greenpac, commented, “Our investment in enhancing our production capabilities ensures that we are well-equipped to meet the growing demand for our innovative, high-quality glass packaging solutions. This commitment not only strengthens our domestic market position but also allows us to enter new international 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 serves various industries, including cosmetics, perfumery, candle jars, and premium alcoholic beverages. The plant employs advanced Blow & Blow and Press & Blow technologies to produce high-quality clear glass products in diverse shapes and sizes, ensuring precise molding of molten glass into complex glass bottles and jars.
AGI Greenpac also boasts India’s first glass packaging R&D Center, dedicated to developing sustainable solutions and pioneering new technologies, such as an energy-efficient multi-color cold foil stamping process. The Decoration Unit, another first in India, offers extensive customization options and utilizes advanced processes, including ceramic, UV, and hot-foil stamping, to meet the evolving demands of global cosmetics, perfumery, and beverage brands.
