Belgium Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Belgium Container Glass Market Analysis
Belgium container glass market is expected to register a CAGR of 3.4% during the forecast period of 2022-2027. The growth of the market is attributed to the increasing demand for food and beverages and significant demand from the pharmaceutical industry.
- The country has been dominating food and beverage producer in European Union, with high-quality food that has significant demand in the European region as well as global market that aids the significant increase in the demand for different forms of packaging solutions like glass containers and bottles. Also, the growth in the number of breweries in the country propelling the demand for container glass. For instance, according to the Belgian Brewers National Association, the number of active breweries in Belgium increased from 379 in 2020 to 408 in 2021.
- The container glass is witnessing significant demand from the food & beverage and pharmaceutical sectors as the pandemic has led to greater demand for medicine bottles, food jars, and beverage bottles. To cater to the increased demand for container glass, the vendors are investing in the country to start a new plant as a capacity expansion. For instance, in September 2021, Ciner Glass Belgium NV, a subsidiary of Ciner Glass, announced establishing a glass packaging factory in Lommel, Belgium.
- However, the increased competition from alternative forms of packaging, such as aluminum cans and plastic containers, is one of the market's main challenges. Because they are lighter in weight than bulky glass, these items are gaining popularity among manufacturers and customers due to the lower cost of carriage and transportation. Further, the carbon footprint from glass manufacturing with more energy consumption will likely restrain the market's growth.
- The Covid-19 pandemic has adversely impacted the container glass market as the production process was disturbed due to the restrictions that created a shortage of raw materials for the manufacturers. Furthermore, post-pandemic, the brewers in the country are facing a scarcity of bottles as the bars and restaurants are opened to full capacity creating the demand.
Belgium Container Glass Market Trends
This section covers the major market trends shaping the Belgium Container Glass Market according to our research experts:
Growing Export of Beverages and Food to Drive the Studied Market Growth
- Belgium's food and beverage industry is known for producing high-quality products. Despite the effects of Brexit, Belgian food and drinks are doing better than ever in the United Kingdom and outperforming products from neighboring countries.
- According to Fevia, the Belgian food and drink federation, Belgian food and drink exports to the United Kingdom have increased significantly in recent years. In addition, Belgium ranks among the premier countries that account for 10% of exports of food and beverages representing Euro 2.89 billion in 2022, with the strongest contribution from alcoholic and non-alcoholic drinks to the United Kingdom.
- Moreover, according to the National Bank of Belgium, in 2021, Belgian food and beverage exports generated approximately 30 billion euros, whereas the value of imports of the food and beverage industry in Belgium was just over 25 billion euros in the same year.
- The growing demand for food in the country has encouraged food manufacturers to invest. For instance, according to Federal Public Service Economy Belgium, the total investments in the food industry in Belgium increased from Euro 1.72 billion in 2020 to Euro 1.87 billion in 2021. Such an increase in investment and growth of export to EU countries is expected to propel the demand for container glass in the market.
- The food companies have undergone partnerships and acquisitions for expansion and new product development in the market. For instance, in August 2022, Cooke Seafood group, one of the world's largest salmon farming companies, acquired the leading shrimp and prawn processor Morubel N.V. based in Belgium, which supplies organic and frozen seafood to retail and food service customers in major European countries.
Pharmaceutical Industry Expected to Fuel Demand During Forecast Period
- Belgium is among the key parts of the pharmaceutical industry in the European Union, owing to the presence of many active pharmaceutical companies. Moreover, the local business environment repositioned itself as a global hub for pharma exports through its top-notch infrastructure. The pharmaceutical accounts total 10% of the country's export.
- According to pharma.be, in 2021, the pharmaceutical sector invested over EUR 14 million per day in research and development (EUR 5.2 billion in total for the entire year). This represents an increase of 35% over just two years. The number of active researchers in the sector also went up significantly: by no less than 24.4% over the past four years.
- In July 2021, Ardena, a specialist pharmaceutical Contract Development and Manufacturing Organisation (CDMO), in partnership with GHO Capital, announced an investment of Euro 35 million for expansion across its European operations. With this investment, the company is willing to expand drug product services in Belgium and aseptic fill and finish capabilities for developing and clinically producing small molecule, injectable formulations.
- Such rising export of pharmaceutical products in the international market and growing investment in pharmaceutical research & development activities are expected to bolster the demand for container glass for different parenteral products or powders for parenteral use.
Belgium Container Glass Industry Overview
The Belgium container glass market is moderately consolidated and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. The vendors in the market are undergoing expansion, merger & acquisition, and product innovations.
- September 2021 - Ciner Glass Belgium NV, a subsidiary of Ciner Glass, has announced to establish a glass packaging factory in Lommel, Belgium. The production capacity of the factory will be approximately half a million tonnes of glass packaging per year, with an investment of approximately EUR 400 million. This project is expected to create employment for 400 to 500 people.
Belgium Container Glass Market Leaders
Gerresheimer AG
AXA GLASS bv/srl
Konings NV
Saverglass
AYANO HOLLAND BV
*Disclaimer: Major Players sorted in no particular order
Belgium Container Glass Market News
- June 2021 - AB InBev, a multinational drink and brewing company based in Leuven, Belgium introduced the world's lightest longneck glass beer bottle for commercial production. The company successfully reduced the weight of its standard longneck beer bottle from 180 to 150 g, cutting CO2 emissions by an estimated 17% bottle.
Belgium Container Glass Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Intensity of Competitive Rivalry
4.3.5 Threat of Substitutes
4.4 Assessment of COVID-19 Impact on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Demand from the Food and Beverage Market
5.1.2 Adoption of Sustainable Packaging
5.2 Market Restrain
5.2.1 Avaliability of Alternative Solutions
6. MARKET SEGMENTATION
6.1 End-user Industry
6.1.1 Beverage
6.1.1.1 Alcoholic
6.1.1.2 Non-Alcoholic
6.1.2 Food
6.1.3 Cosmetics
6.1.4 Pharmaceuticals
6.1.5 Other End user verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Gerresheimer AG
7.1.2 AXA GLASS bv/srl
7.1.3 Konings NV
7.1.4 Saverglass
7.1.5 AYANO HOLLAND BV
7.1.6 Ciner Glass Belgium NV
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Belgium Container Glass Industry Segmentation
Glass Containers refer to clean bottles and jars, among others products type made from clear glass. The scope excludes windows and other non-container glass, porcelain and ceramic products.
Belgium Container Glass Market is segmented By End-User Industry (Beverage, (Alcoholic and Non-Alcoholic), Food, Cosmetics, Pharmaceuticals)
| End-user Industry | ||||
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| Food | ||||
| Cosmetics | ||||
| Pharmaceuticals | ||||
| Other End user verticals |
Belgium Container Glass Market Research FAQs
What is the current Belgium Container Glass Market size?
The Belgium Container Glass Market is projected to register a CAGR of 3.40% during the forecast period (2024-2029)
Who are the key players in Belgium Container Glass Market?
Gerresheimer AG, AXA GLASS bv/srl , Konings NV, Saverglass and AYANO HOLLAND BV are the major companies operating in the Belgium Container Glass Market.
What years does this Belgium Container Glass Market cover?
The report covers the Belgium Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Belgium Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Belgium Container Glass Industry Report
Statistics for the 2024 Belgium Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Belgium Container Glass analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
