Market Size of Czech Republic Container Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Czech Republic Container Glass Market Analysis
The Czech Republic Container Glass Market is expected to grow at a CAGR of 4.1% during the forecasted 2020 to 2027. Significant consumer demand and behavior shifts have driven exponential growth across food production, cosmetics, pharmaceutical, and opportunities for Glass Container Packaging. The leveraging Czech Republic within the Cosmetic sector is creating growth opportunities for the Market.
- The need for glass packaging in the pharmaceutical business is expected to rise due to factors including population growth that is growing exponentially, more health awareness, and increasing spending on public healthcare systems. Additionally, it is anticipated that the pharmaceutical business will use more glass due to rising technological advancements and the adoption of cutting-edge manufacturing techniques.
- Favorable properties of glass, such as high recyclability, transparency, and chemical inertness, are set to surge the product demand in the forthcoming years. Glass packaging is impervious to moisture and air. It can be easily sterilized, thereby supporting the growth of the Market.
- The stringent government regulation can hamper the growth of the Market. For example, to curb excessive drinking habits among their population, Central European countries, including Poland and the Czech Republic, recently decided to increase the taxes on the number of alcoholic drinks.
- Covid has impacted moderately negatively on the Market. Production fell in 2020 by 6.9% to 20.1 million hectoliters, down from a record 21.6 million hectoliters in 2019. Coronavirus restrictions on the operation of pubs and restaurants both here and abroad are to blame for the drop, according to the Czech Association of Breweries and Malthouses (ČSPS). The crisis is reflected not only in trade losses but also in the fates of several people who guard the brewing tradition as a national treasure.
- Pubs and restaurants usually account for one-third of beer sales, dropping to a quarter in 2020, despite windows being open for take-away. Beer sales in stores could not compensate for the loss of pub and restaurant sales.
