Market Size of Belgium Container Glass Industry
| 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.
