Europe Glass Packaging Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
The Europe glass packaging
market is likely to rise prominently in the coming years on account of the
increasing use of glass bottles for packaging food and beverage products. Glass
packaging is considered safe for consumers and has been used for food and
beverage products for a long time. A recent report by Fortune Business
Insights, titled, “Europe Glass Packaging Market Size, Share & COVID-19 Impact Analysis, By End-use
Industry (Skin/Personal Care, Fragrance, Food, Beverages (Alcoholic beverages,
Non-Alcoholic beverages}, Pharmaceuticals and others), and Regional Forecast,
2020-2027,” states that the value of this
market was USD 19.24 billion in 2019 and will rise at a CAGR
of 4.38% to reach USD 22.01 billion by the
end of 2027.
Due to the current COVID-19 pandemic,
most industries are facing heavy losses. The world economy is fluctuating with
most businesses at a temporary halt. The lockdown period imposed by various
governments to prevent coronavirus is still a temporary measure, impacting most
of the industries. The healthcare sector is also not able to suffice to the
needs of the increasing number of corona positive cases.
Fortune Business Insights is offering
special reports on various markets impacted by the COVID-19 pandemic. These
reports are based on analysis of the current situation and their impact on
various markets that will help financers accordingly chalk out
revenue-generating strategies in the coming years.
The report answers the following questions:
- What is the competitive nature of this market?
- Who are the key players of the market for Europe glass packaging
and what are their key strategies?
- Which are the key end-users present in the market?
- What are the major industry developments of this market?
Drivers & Restraints-
Growing Popularity of Bottled Beverages to Add Impetus to Market
The increasing demand for glass
packaging from the food and beverage sector is a key factor boosting the Europe
glass packaging market growth. Most of the alcoholic and non-alcoholic
beverages such as milk, beer, sauces, juices, and others are packed in glass
containers and bottles as glass helps to maintain the authenticity of the
product stored in it without disrupting the taste or smell. Additionally, the
increasing awareness about health and fitness and the rising inclination of
people towards healthy food and drinks are expected to aid in the expansion of
the market in the coming years.
On the contrary, the presence of
substitutes such as plastic, paper and board, and metal packaging may hamper
the market growth in the coming years. The increasing popularity of metal cans
is likely to cause major hindrance to the market. Nevertheless, the rising
awareness about environment-friendly products is propelling the use of
sustainable and eco-friendly packaging, thereby creating lucrative growth
opportunities for the market in the near future.
Segmentation:
Beverages Segment to Cover Largest Share in the Coming Years
With respect to segmentation by end-use
industries, the beverage segment earned 73.18% Europe glass packaging market
share in 2019 and emerged dominant. The beer industry holds the major share,
contributing to maximum shares in the beverage sector. Food industry, on the
other hand, holds the second largest share.
Regional Analysis:
West European Nations hold Highest Share Owing to Increasing Inclination
towards Environment-friendly Products
Nation wise, the western nations such
as the United Kingdom, France, Germany, and Italy are holding more than 55%
share and held the largest market share in 2019. They are further expected to
continue doing so in the coming years owing to the rising inclination towards
environment-friendly packaging products.
Competitive Landscape:
Vendors are Engaging in Joint Ventures to Gain Competitive Edge
The competitive landscape of the market
for Europe glass packaging is bestowed by many players. Most of them are
engaging in joint ventures and other collaborative agreements to hold
significant position in the market competition. The others are investing in
strengthening their portfolio by expanding to other nations such as Portugal
and Spain.
Some Industry Developments of the
Market include:
October 2019 – Renovation of clear-glass furnace was successfully
completed by Gerresheimer AG. It installed a new and improved technology in the
factory will help to reduce the energy needs and multiply the overall glass
production capacity for its consumers in the healthcare and pharmaceutical
industry.
List of the Leading Companies Operating in the Europe Glass Packaging Market
Include:
- Ardagh Group S.A.
- Steklarna Hrastnik, d. o. o.
- Bruni Glass
- Groupe Pochet
- Vetropack Group
- Gerresheimer AG
- HEINZ-GLAS GmbH & Co. KGaA
- Verallia
- Bormioli Luigi SpA
- Stolzle-Oberglas GmbH
- Others
Browse Detailed Research Insights with
TOC:
https://www.fortunebusinessinsights.com/europe-glass-packaging-market-103472
Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Regulatory Analysis
- Recent Industry Developments - Policies, Partnerships, New
Product Launches, and Mergers & Acquisitions
- Qualitative Insights – Impact of COVID-19 on Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome the impact
- Potential Opportunities due to COVID-19 Outbreak
TOC
Continued…!!!
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