Market Size of Europe Glass Bottles and Containers Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.18 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Glass Bottles & Containers Market Analysis
The European Glass Bottle and Containers Market is expected to grow at a CAGR of 4.18% during the forecasted 2021 to 2026. Glass packaging was considered an essential industry by most countries during the COVID-19 pandemic. There has been increased demand for glass packaging from the F&B industry and the pharmaceutical sector as the COVID-19 pandemic has led to greater demand for medicine bottles, food jars, and beverage bottles.
- Alcoholic drinks, like beer, accounted for the market's largest segment, as glass does not react with the chemicals present in drinks and, therefore, preserves the aroma, strength, and flavor of these beverages, making it a favorable option for packaging. Due to this, most of the beer volume is transported in glass bottles. This trend is expected to continue over the forecasted period. Glass packaging is 100% recyclable, making it a desirable packaging option from an environmental point of view.
- The introduction of stringent laws to enhance the quality and integrity of domestically manufactured drugs increases the use of glass for pharmaceutical packaging products. Additionally, the increasing demand for sterile medical packaging products from the pharmaceutical industries further drives the market growth over the forecast period.
- The trend of customization is also growing in the region, with demand for bespoke glass bottles increasing. The UK's best-selling kombucha tea is sold in new bespoke glass bottles manufactured by Rotherham glass manufacturer Beatson Clark.
- The glass production market declined in Europe during 2020, especially in Germany. However, the positive consumer sentiment towards sustainable production is expected to increase the demand.
- The pandemic brought adverse impacts on the glass container and bottle manufacturers in the region. In January 2021, the International Finance Corporation (IFC), the private investment arm of the World Bank Group, announced a USD 10 million loans to Kioo Limited to help the company weather the challenges created by the COVID-19 pandemic.
