Market Trends of Spain Container Glass Industry
This section covers the major market trends shaping the Spain Container Glass Market according to our research experts:
Beverage Industry to Hold the Highest Market Share
- Spain is among the top exporter of sparkling wine and is ranked third, with a quantity little than France's. The bottles are exported, mainly to Germany, the United States, and Belgium. The top three wine exporters contributed 59.9 MHL in 2021 export volumes, where Spain accounted for 16% of the global export volumes. This will further increase the demand for Spanish Cava globally, fostering the growth of container glass.
- Also, alcoholic beverages such as beer and wine have witnessed tremendous growth. Most of the wine volume is sold in glass bottles, propelling the need for increased production rates in the container glass packaging industry. Increasing wine consumption in Spain is anticipated to support the growth of the container glass market. For instance, wine export volume in 2020 in Spain was 20.2 MHL, compared to 23.0 MHL in 2021, in which bulk (>10 liters) volume stood at 56%.
- The container glass packaging market faces intense competition from the metal packaging segment in the form of cans in the alcoholic beverage segment. However, container glass packaging is expected to maintain its share during the studied timeframe owing to its usage in premium products. The market will experience growth across non-alcoholic beverage products, such as coffee, juices, soups, tea, dairy, and non-dairy beverages.
- Additionally, after the revival of the market from COVID-19 and reopening of HoReCa channels, and the resumption of social gatherings and festive events. Sparkling wine exports from France, Italy, and Spain, whose sparkling wine exports represent 35%, 26%, and 16% of their total 2021 wine export value, respectively.
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Pharmaceuticals Industry is Expected to Bolster Growth
- One of the main types of packaging used in the pharmaceutical industry is glass containers. Glass containers have been used to package a significant number of pharmaceutical formulations, and they are frequently the material of choice for packaging.
- The pharmaceutical industry is highly regulated and emphasizes sustainability and safety in manufacturing and packaging processes. The properties of glass such as resistance to heat, non-reactive to chemicals, leak or seep proof, easily sterilized, and others have promoted the growth of the container glass pharmaceuticals industry.
- Additionally, according to OECD, pharmaceutical sales in Spain increased by EUR 1,034 million (+4.97%) has reached EUR 21.8 billion in 2021 compared to EUR 13.75 billion in the previous year. The value of pharmaceutical sales has increased constantly in the past decade and has reached its all-time highest. The increasing sales of pharmaceutical products will support the market demand in Spain.
- Furthermore, players in the market are also focusing on acquiring companies in the country. For instance, in June 2022, Berlin Packaging, a hybrid packaging supplier, acquired Vidrierías Pérez Campos SL, a family-owned Spanish distributor of glass packaging for the olive oil, home fragrance, and spirits markets. The strategic acquisition of Vidrierías Pérez Campos expands Berlin Packaging coverage to southern Spain.
