Market Trends of Germany Glass Packaging Industry
This section covers the major market trends shaping the Germany Glass Packaging Market according to our research experts:
Higher Disposable Income and Integration in Premium Personal Care Packaging
- The demand for efficient packaging increased significantly due to robust sales of various customized beauty products. Furthermore, the rising consumer awareness regarding personal grooming is driving the need for cosmetic products, which, in turn, is driving the glass packaging market in the country.
- Face serums and oils have witnessed demand over the past five years, as they offer hydration, moisturization, anti-aging, blemish-clearing benefits, and skin repair. These premium products have been witnessing demand among the aging population. Their increase in demand has increased the growth of dropper and push pump bottles in the country.
- Glassmakers in the country are also investing in new technology to quickly swap colors and molds to persuade craft brewers and small brands to break from the long production runs that have dominated the industry.
- Among the glass packaging trends in the beauty and fragrance industry is the uptick in disruptive designs, embodied by innovative shapes featured in the outer or inner molded glass. For instance, Verescence manufactured the sophisticated and complex 100 ml bottle for Illuminare by Vince Camuto (Parlux Group) using its patented SCULPT'in technology. The glassworks from Murano inspired the innovative design of the bottle.
- Further, the government agency is assisting Gerresheimer AG in Lohr am Main, Germany, with the implementation of a new process for producing high-quality primary glass packaging for the pharmaceutical and cosmetics industries to make glass production sustainable and environmentally friendly. In December 2021, the Bavarian glass industry will benefit from a project supported by around EUR 9.9 million (USD 10.15 million) from the Federal Environment Ministry of Germany.
- Furthermore, according to ITC, in 2021, the exports of essential oils and resinoids, perfumery, and cosmetic or toilet preparations were valued at around USD 11.94 billion, a 15.6% rise in exports from the previous year, 2020, which was recorded about USD 10.32 billion. The significant rise in exports may create increased opportunities for vendors across the country in considerable glass production over the forecast period.
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Pharmaceutical Sector Expected to Witness Significant Growth
- Vendors have been supplying vials for more than 100 coronavirus vaccine trials worldwide. For instance, Schott AG introduced vials made of Borosilicate glass that can withstand temperatures from -80 to 500 degrees Celsius for the Pfizer/BioNTech vaccine as the temperature required to store the vaccine is -70 degrees centigrade. Furthermore, Schott AG aims to produce two billion glass vials for COVID-19 vaccine doses by the end of 2021.
- Furthermore, Germany has been adversely hit by the spread of COVID-19. For instance, according to WHO, the number of confirmed COVID-19 cases since January 2020 in Germany is 3,473,503, with 84,126 deaths. Also, according to the Robert Koch Institute, the country was struck by a third pandemic wave, which increases the need for vaccines. The demand for vials and ampoules has been surging since the research for a vaccine against COVID-19 began.
- Also, according to WHO, in May 2021, a total of 30,631,299 COVID-19 vaccine doses have been administered in Germany, and it is expected to rise further owing to the change in decisions made by 16 regional health ministers of the country to start initiating AstraZeneca's vaccine doses to age group 12 to 18 years from August 2021. Such initiatives increase the demand for glass packaging in the country.
- Furthermore, according to ITC, in 2021, the imports of pharmaceutical products were valued at around USD 79.26 billion, a 20.82% increase in the imports from the previous year, 2020, which recorded USD 65.6 billion. The significant rise in imports represents the demand for pharmaceutical products, which may create opportunities for various pharmaceutical glass packaging product investments in the country.
- Bormioli Pharma plans to double its production capacity by September 2023 and install new production lines by investing in its Bad Königshofen plant in Germany. The company also plans to upgrade one of its San Vito al Tagliamento furnaces by 2023, further supporting its growth goals in the glass vial manufacturing industry.
