Market Trends of Netherlands Container Glass Industry
This section covers the major market trends shaping the Netherlands Container Glass Market according to our research experts:
Pharmaceutical Industry to Create Demand During Forecast Period
- The Netherlands ranks among the top countries in the world for a number of patent applications in biotechnology. Numerous universities and medical centers coexist with 420 biopharmaceutical companies and more than 2,500 other life sciences companies throughout the country. Also, the ongoing clinical development programs and a growing number of public-private partnerships strengthen the pharmaceutical sector in the country.
- Pharmaceutical companies are investing on an unprecedented scale in the Netherlands. Three major American corporations are investing billions of euros in new factories and expanding existing ones. For instance, in July 2021, Ardena, a specialist pharmaceutical Contract Development and Manufacturing Organisation (CDMO) announced an investment of EUR 35 million in partnership with GHO Capital for expansion across its European operations.
- Healthcare and medical spending in the country have increased over the past few years, reflecting strong potential for new medicine development, infrastructure building, and new entry/expansion opportunities.
- Moreover, the growth in the export of pharmaceutical products and the number of pharmaceutical start-ups dedicated to the discovery and development of medicines for the treatment of various diseases are expected to create demand for container glass.
Understand The Key Trends Shaping This Market
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Increasing demand from the food and beverage sector
- Beverages hold a significant market share, with the imposing bans on plastic. Constantly shifting trends among the consumer are the primary factors that create demand for alcoholic and non-alcoholic beverages. In the Netherlands, more than half of the population consumes alcohol, resulting in a growth in the number of liquor shops in the country.
- The players in the market are going under strategic partnerships and acquisitions. For instance, Berlin Packaging acquired a glass packaging supplier, New pack, to expand its offering to the wine market. The company's distribution network extends across Europe regions. The acquisition of New pack allows Berlin Packaging to increase its offering in the wine sector, an important market in the country and Europe.
- The Netherland is among the key countries in Europe that exports food and beverage on a large scale. According to UN Comtrade, the value of the beverages, spirits, and vinegar exported from the Netherlands is increased from EUR 6.01 billion in 2020 to EUR 6.86 billion in 2021.
- Moreover, in November 2021, GEA Group AG announced that it is opening a new carbon-neutral factory in the Netherlands to produce up to 300 million liters of chilled juice drinks and smoothies each year at the Rotterdam Food Hub and is scheduled to open officially in spring 2022.
