Denmark Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Denmark Container Glass Market Analysis
Denmark's container glass market is expected to register a CAGR of 2.8% during the forecast period of 2022-2027. Rising consumer demand for safe and healthier packaging in food categories and the rising demand from the food & beverage industry, followed by the pharmaceutical industry, is stimulating the market's growth.
- The demand for container glasses is majorly driven by the beverage industry, particularly the alcoholic beverage segment, where spirit, wine, and other alcoholic beverages account for a significant market share. In addition, the packaging of non-alcoholic beverages is preferred container glass due to several benefits. For instance, according to Statistics Netherlands, the volume of spirits sold in Denmark increased by 17.8% in 2021 compared to 2020.
- Being 100% recyclable material, container glass is being utilized as an effective and eco-friendly solution by different industry verticals in their applications which is likely to increase the demand over the projected period.
- The availability of container glass substitutes is restricting the market's growth. Such as plastic, which is lighter in weight than bulky glass, these items are gaining popularity among manufacturers. Further, the carbon footprint from glass manufacturing with more energy consumption will likely restrain the market's growth.
- Furthermore, the key players of the beverage industry in the country are opting for sustainable alternative solutions to container glass which could further restrict the market growth. For instance, in June 2022, Danish brewer Carlsberg announced plans to trial the performance of 8,000 fiber-based beer bottles to reduce carbon emissions and improve recyclability.
- 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 and decreased sales of different products from the food & beverage and cosmetics industries.
Denmark Container Glass Market Trends
This section covers the major market trends shaping the Denmark Container Glass Market according to our research experts:
Growing Consumption of Food and Beverages Expected to Drive Demand
- Denmark is among the key countries in advanced food processing sectors with the presence of major food and beverage companies such as Arla Foods, Danish, and Carlsberg. In addition, Denmark boasts global leaders such as Novozymes (in enzymes), Christian Hansen (in food ingredients), and Royal Greenland (in fish and seafood production and processing). The rigorous quality assurance, regulatory standards, and growing investment in research and development are the growth factor of the food industry.
- The investments in the food sector for product development in the country are expected to help the growth of the market studied as the government of Denmark has supported the food industry initiatives in the country. For instance, in April 2022, the government announced that it will invest USD 100 million into a new Plant Fund to promote climate-friendly plant-based foods. Further, the investment is expected to provide support for business and product development, as well as for sales, and exports which will boost the demand for container glass.
- The consumption of wine in the country has increased over the past years. According to Statistics Netherlands, the annual turnover of organic wine, cider, and spirits in retail shops in Denmark increased by 20% in 2020 compared to 2019 and by 1% in 2021. This indicates the demand for alcoholic beverages supports the growth of container glasses.
Understand The Key Trends Shaping This Market
Pharmaceutical Industry to Gain Significant Share in Forecast Period
- Denmark is among the key European countries, with many active pharmaceutical companies in drug development. Moreover, the country is offering attractive business solutions for foreign biotech companies in the industry.
- The growing need for increased manufacturing and production capability and new research opportunities attracted international investments and partnerships in the pharmaceutical industry. For instance, in December 2021, Novo Nordisk unveiled its plans to invest more than USD 2.5 billion to build three new manufacturing facilities and expand the existing facility at its Kalundborg production site in Denmark. The investment is expected to expand Novo Nordisk's production capacity from active pharmaceutical ingredients (API) to assembly and packaging. The company said that expanding the Kalundborg site would facilitate the production of current and future oral and injectable products.
- Such investment by industry key players in the country for capacity expansion in oral and injectable products indicates the growing demand in the market. Thus, it is projected to add significant opportunities for container glass manufacturers in the country for their products in the coming years.
Denmark Container Glass Industry Overview
The Denmark container glass market is consolidated with the presence of a few major players. In terms of market share, a few of the major players are currently dominating the market. Companies in the market are leveraging strategic collaborative initiatives, product innovation, and mergers & acquisitions to increase their market share and profitability.
- February 2021 - Carlsberg Brewing Company announced rolling out a new glass beer bottle that reduces its core brand's carbon impact by up to 90%. The company trialed the new bottle in partnership with its supplier Encirc, which switched to running its glass furnace on biogas a renewable fuel made from waste organic materials and with lower carbon emissions than the natural gas it replaces.
Denmark Container Glass Market Leaders
Ardagh Glass Holmegaard A/S (Ardagh Group S.A.)
Berlin Packaging Denmark A/S
Gerresheimer Vaerloese A/S
ABA Packaging Corporation
Vetropack Group
*Disclaimer: Major Players sorted in no particular order
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Denmark Container Glass Market News
- July 2022 - According to European Container Glass Federation, the EU Container glass industry has the highest growth in production for food and beverage glass packaging. Industry production volume of glass packaging for the food and beverage sector increased strongly by 5.0% compared to 2020 to reach its highest level ever recorded. This rising demand in the EU region can provide opportunities for Denmark's food and beverage industry, which will propel the need for container glasses in the country. Furthermore, the Food Export Association of the Midwest USA and Food Export USA-Northeast stated that Denmark's export increased by 15.6% in 2021.
Denmark 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 COVID-19 Impact on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Demand of Beverages
5.1.2 Shift Towards Sustainable Packaging Solutions
5.2 Market Restrain
5.2.1 High Carbon Footprint in the Glass Manufacturing Process
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 Ardagh Glass Holmegaard A/S (Ardagh Group S.A.)
7.1.2 Berlin Packaging Denmark A/S
7.1.3 Gerresheimer Vaerloese A/S
7.1.4 ABA Packaging Corporation
7.1.5 Vetropack Group
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Denmark 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.
Denmark Container Glass Market is segmented By End-user Industry (Beverage, Food, Cosmetics, Pharmaceutical).
| End-user Industry | ||||
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| Food | ||||
| Cosmetics | ||||
| Pharmaceuticals | ||||
| Other End user verticals |
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Denmark Container Glass Market Research FAQs
What is the current Denmark Container Glass Market size?
The Denmark Container Glass Market is projected to register a CAGR of 2.80% during the forecast period (2024-2029)
Who are the key players in Denmark Container Glass Market?
Ardagh Glass Holmegaard A/S (Ardagh Group S.A.), Berlin Packaging Denmark A/S, Gerresheimer Vaerloese A/S, ABA Packaging Corporation and Vetropack Group are the major companies operating in the Denmark Container Glass Market.
What years does this Denmark Container Glass Market cover?
The report covers the Denmark Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Denmark Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Denmark Container Glass Industry Report
Statistics for the 2024 Denmark Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Denmark 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.
Denmark Container Glass Report Snapshots
