Market Size of Denmark Container Glass Industry
| 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.
