Market Size of Belgium Container Glass Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Belgium Container Glass Market Analysis
Belgium container glass market is expected to register a CAGR of 3.4% during the forecast period of 2022-2027. The growth of the market is attributed to the increasing demand for food and beverages and significant demand from the pharmaceutical industry.
- The country has been dominating food and beverage producer in European Union, with high-quality food that has significant demand in the European region as well as global market that aids the significant increase in the demand for different forms of packaging solutions like glass containers and bottles. Also, the growth in the number of breweries in the country propelling the demand for container glass. For instance, according to the Belgian Brewers National Association, the number of active breweries in Belgium increased from 379 in 2020 to 408 in 2021.
- The container glass is witnessing significant demand from the food & beverage and pharmaceutical sectors as the pandemic has led to greater demand for medicine bottles, food jars, and beverage bottles. To cater to the increased demand for container glass, the vendors are investing in the country to start a new plant as a capacity expansion. For instance, in September 2021, Ciner Glass Belgium NV, a subsidiary of Ciner Glass, announced establishing a glass packaging factory in Lommel, Belgium.
- However, the increased competition from alternative forms of packaging, such as aluminum cans and plastic containers, is one of the market's main challenges. Because they are lighter in weight than bulky glass, these items are gaining popularity among manufacturers and customers due to the lower cost of carriage and transportation. Further, the carbon footprint from glass manufacturing with more energy consumption will likely restrain the market's growth.
- The Covid-19 pandemic has adversely impacted the container glass market as the production process was disturbed due to the restrictions that created a shortage of raw materials for the manufacturers. Furthermore, post-pandemic, the brewers in the country are facing a scarcity of bottles as the bars and restaurants are opened to full capacity creating the demand.
Belgium Container Glass Industry Segmentation
Glass Containers refer to clean bottles and jars, among others products type made from clear glass. The scope excludes windows and other non-container glass, porcelain and ceramic products.
Belgium Container Glass Market is segmented By End-User Industry (Beverage, (Alcoholic and Non-Alcoholic), Food, Cosmetics, Pharmaceuticals)
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Belgium Container Glass Market Size Summary
The Belgium container glass market is experiencing steady growth, driven by the increasing demand from the food and beverage sector and the pharmaceutical industry. Belgium's position as a leading food and beverage producer in the European Union, coupled with its high-quality exports, has significantly boosted the demand for glass packaging solutions. The rise in the number of breweries further propels this demand, as more breweries require glass containers for their products. The pandemic has also contributed to the heightened need for container glass, with a surge in demand for medicine bottles, food jars, and beverage bottles. In response to this demand, companies are investing in new plants and capacity expansions, such as Ciner Glass Belgium NV's establishment of a glass packaging factory in Lommel. However, the market faces challenges from alternative packaging materials like aluminum cans and plastic containers, which are gaining popularity due to their lighter weight and lower transportation costs.
Belgium's robust pharmaceutical sector, a significant contributor to the country's exports, also plays a crucial role in the container glass market. The sector's investment in research and development and its status as a global hub for pharma exports necessitate the use of container glass for various pharmaceutical products. The market is moderately consolidated, with major players engaging in expansions, mergers, acquisitions, and product innovations to maintain their market share. Despite the challenges posed by the pandemic, such as production disruptions and raw material shortages, the market is poised for growth, supported by the country's strong export performance in food, beverages, and pharmaceuticals. The ongoing investments and strategic partnerships in these industries are expected to further drive the demand for container glass in Belgium.
Belgium Container Glass Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Intensity of Competitive Rivalry
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1.3.5 Threat of Substitutes
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1.4 Assessment of COVID-19 Impact on the Market
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2. MARKET SEGMENTATION
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2.1 End-user Industry
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2.1.1 Beverage
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2.1.1.1 Alcoholic
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2.1.1.2 Non-Alcoholic
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2.1.2 Food
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2.1.3 Cosmetics
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2.1.4 Pharmaceuticals
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2.1.5 Other End user verticals
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Belgium Container Glass Market Size FAQs
What is the current Belgium Container Glass Market size?
The Belgium Container Glass Market is projected to register a CAGR of 3.40% during the forecast period (2024-2029)
Who are the key players in Belgium Container Glass Market?
Gerresheimer AG, AXA GLASS bv/srl , Konings NV, Saverglass and AYANO HOLLAND BV are the major companies operating in the Belgium Container Glass Market.
