Europe Glass Packaging Market Size

Europe Glass Packaging Market Analysis

The Europe Glass Packaging Market size is estimated at USD 21.75 billion in 2024, and is expected to reach USD 25.47 billion by 2029, growing at a CAGR of 3.21% during the forecast period (2024-2029).

The European glass industry offers consumers a variety of glass packaging products for food and beverage as well as cosmetics, pharmacy, and perfumery.

• European Container Glass Federations (FEVE) reports that there are 162 manufacturing facilities spread across the continent. Container glass contributes significantly to the real economy of Europe, employs about 125,000 people, and generates a significant number of job opportunities throughout the entire supply chain.
• In addition, according to Glass Alliance Europe, container glass is the largest sector of the EU glass industry. Glass production as a whole increased to 39.12 million tonnes in 2021, an increase of 6.1% from 2020, which shows that the market has somewhat recovered from the decline of 8.1% from 2020 to 2019. With China and North America, the European Union continues to be one of the two largest glass producers in the world due to its output level. Germany remains the European Union's top producer, accounting for around one-fifth of the total. Italy, France, Spain, the United Kingdom, and Poland are next in line.
• The manufacturers' increased focus on technological advancements and packaging product innovations, the expansion of the packaging market overall and in developing nations like China and India, the rising demand for creative packaging solutions created using innovative manufacturing techniques, and rising consumer disposable income are the key factors driving the glass packaging market.
• The new rules for sustainability and recyclability in the region are also prominent factors pushing the growth of glass packaging. The European Union targets recycling 75% of the packaging waste by 2030 as part of the Circular Economic Package.
• However, the market growth rate will be slowed by fluctuations in raw material prices and intense competition from other packaging materials. Additionally, the pandemic's impact on the supply chain, the sensitivity of glass materials, and an increase in operating costs will slow the market's expansion.
• The COVID-19 epidemic had an impact on both demand and production across a range of end-user industries as a result of the lockdown that was implemented in the majority of the region's countries. According to Advance Publications, restrictions in Germany and the United Kingdom and total lockdowns in Italy and France caused a decline in fragrance and cosmetic sales. On the other hand, there was a demand for glass packaging since the food, beverage, and pharmaceutical industries are regarded as important by various governments in the region.