The European glass packaging market (hereinafter referred to as the research market) is valued at US$1.85 billion in 2020 and is expected to reach US$2.33 billion by 2026, with a compound annual growth rate of 3.
New York, October 27, 2021 (GLOBE NEWSWIRE) - Reportlinker.com announced the release of the report "European Glass Packaging Market-Growth, Trends, COVID-19 Impact and Forecast (2021-2026)"-https:// /www .reportlinker.com/p06177324/?utm_source=GNW 2021-2026 period (hereinafter referred to as the forecast period) 21%. Due to the lockdown imposed by most countries in the region, the COVID-19 pandemic has affected the demand and production of various end-user industries. According to Advance Publications, sales of perfume and cosmetics have slowed due to the total blockade in Italy and France and restrictions in Germany and the United Kingdom. As restaurants, hotels, and other hotel services are considered non-essential in the region, the industry’s demand for liquor and wine has also been hit, with wine manufacturers reporting staff shortages and disruptions in the supply chain. According to Spanish winery La Rioja Alta, the complete shutdown of the economy affected its domestic sales, reducing it by more than 60%. In addition, labor shortages and safety measures have affected the packaging industry in the region. Governments in the region believe that the food, beverage and pharmaceutical industries are essential, which drives the demand for glass packaging. Main highlights The European glass industry provides its European customers with a series of glass packaging products for food and beverages, perfumes, cosmetics and pharmacies. According to data from the European Container Glass Federation (FEVE), 162 manufacturing plants are distributed across Europe. Container glass is an important contributor to the real economy in Europe. It has approximately 50,000 employees and creates a large number of jobs throughout the supply chain. In addition, according to the European Glass Union, container glass is the largest sector of the EU glass industry. It accounts for 62% of total EU glass production (22,331 thousand metric tons in 2020). FEVE also shows that almost all Europeans (48%) believe that glass is the best packaging material for climate change in 2020. In addition, two-fifths of Europeans choose glass because they believe that glass is more recyclable than other materials. The glass recycling rate is as high as 76%. Similarly, according to the European two-party packaging preferences in 2020, glass packaging is the first choice for factors such as reusability (55%) and better product protection (51%). Approximately 23% of consumers believe that the recycling rate of glass exceeds 60%, while the recycling rate of glass packaging is 74%. (n=5,900 consumers) The region's new regulations on sustainability and recyclability are also important factors driving the growth of glass packaging. As part of the circular economy package, the EU's goal is to recycle 75% of packaging waste by 2030. In order to meet the EU's recycling goals, in June 2020, the glass packaging industry launched the "Close Glass Recycling" platform plan. The common goal is to achieve 90% of the glass packaging recycling goals within the EU by 2030. Major market trends The pharmaceutical industry is expected to witness a huge share. The region has some world-renowned pharmaceutical glass packaging companies, such as Schott AG and Gerresheimer AG. These companies continue to expand their footprints in the region through product launches and capacity expansion. For example, Aenova Holding GMBH produces 70 million vials, 250 million ampoules and 120 million syringes each year. ?? Glass manufacturers have always been major players in Germany's reuse and recycling system. For example, in October 2020, Gerresheimer started producing glass with a higher percentage of recycled glass at the Tettau plant in Germany. In addition, vendors on the market have been providing vials for more than 100 coronavirus vaccine trials around the world. For example, Schott AG has introduced vials made of borosilicate glass that can withstand temperatures of -80 to 500 degrees Celsius for use in Pfizer/BioNTech vaccines. The temperature required to store the vaccine is -70 degrees Celsius. In addition, Schott AG's goal is to produce 2 billion glass vials for COVID-19 vaccine doses by the end of 2021. In addition, in October 2020, DWK Life Science announced the provision of borosilicate medicinal glass bottles to VMIC. The company plans to establish the UK's first strategic vaccine research and development and advanced manufacturing capabilities. In addition, CIMC also plans to open a permanent facility in the UK by 2021. These moves and expansions are driving demand for glass vials and ampoules in the UK. Due to the increased demand for vials in global vaccine production, the demand is expected to increase further. Poland is expected to witness significant growth During the forecast period, Poland is expected to witness the most significant packaging growth in Eastern Europe. Bottled water, juice and energy drinks, and premium beverages are expected to drive the growth of glass bottles. It is expected that Poland will continue to be the main supplier in the fields of beer, wine and spirits. The packaging in these areas is mainly in the form of glass bottles, with a small number of different packaging types. In the past two years, the Heiz-Glas Group has invested more than 40 million euros in Poland. In addition, the Italian company Premi SPA invested in a new glass production plant in Poland, focusing on cutting-edge glass factories. According to the Wisconsin Economic Development Corporation, Poland’s food processing industry is growing healthily due to increased exports, which is expected to create additional demand for glass packaging. In addition, the Ministry of Development plans to postpone the new tax on non-alcoholic beverages containing added sugar, caffeine, and taurine until the end of 2020 to reduce the impact of the coronavirus crisis on businesses. This is expected to have a positive impact on the market. In addition, due to Brexit, the country is witnessing a negative impact on the country’s food producers, especially the poultry, milk and dairy industries. Since glass occupies a large proportion of the packaging materials of these food materials, market growth may be hindered during the forecast period. Competitive landscape The European glass packaging market is moderately competitive, with a considerable number of regional and global players. The two companies are using strategic cooperation plans to increase market share and profitability. However, the properties of glass and its benefits to beverages, cosmetics and other industries are leading to the increasing adoption of glass bottles and containers. Suppliers are focusing on replacing plastic with green glass products. March 2021-Stoelzle Glass Group, headquartered in Europe, acquired Anchor Hocking Glass Company, a wholly-owned subsidiary of Oneida Group in Monaca, Pennsylvania, to provide services to international customers. February 2021-Ardagh Group launched Absolut's latest limited edition vodka bottle "Absolut Movement" to inspire people to celebrate inclusiveness. The frosted blue glass bottle is designed with 16 vortex upward spirals, symbolizing the endless cycle of change. The upward flow of the vortex indicates social development. June 2021-Beatson Clark PLC launched a 330ml amber beverage bottle for general sales and support of breweries and beverages produced for the public. The product has an unusual shape or design and is based on an alpha sirop bottle. In addition, glass bottles are suitable for beer and soft drinks because the company can change the bottle mouth from MCA to a standard crown mouth. Other benefits: Market estimates (ME) in Excel format. 3 months of analyst support. Read the full report: https://www.reportlinker.com/p06177324/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research The solution. Reportlinker finds and organizes the latest industry data so you can get all the market research you need-all in one place instantly. __________________________
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