Market Size of Portugal Container Glass Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.20 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Portugal Container Glass Market Analysis
- The Portugal container glass market is projected to grow at a CAGR of 3.2% in the estimated timeframe (2022- 2027). Due to the growing demand for sustainable packaging and the ban on single-use plastic, players are shifting to more sustainable, eco-friendly, and reusable solutions such as glass. This is one of the major factors driving the growth of container glass in Portugal.
- The growing demand for sustainable packaging in the country has propelled the use of container glass by numerous end users. Also, many, owing to the bolstering impact of plastic on the environment, are looking into other sustainable solutions for packaging.
- Additionally, increasing use of containers glass and bottle glass in the pharmaceutical industry are widely used for medicinal drug packaging. Pharmaceutical glass containers are manufactured to meet tight tolerance limits because they are filled in high-speed lines. Glass containers are considered a viable option as their impacts on the environment and humans are much less than polyethylene terephthalate (PET); it is the most environment-friendly packaging alternative.
- The Increasing alcohol consumption is anticipated to boost the sales of the glass container market. Tinted Amber glass containers are preferred in alcoholic beverages because they offer protection against UV radiation. Also, the demand for clear glass containers is expected to rise at a higher rate in the coming years. For instance, according to Organization for Economic Cooperation and Development (OECD), Portuguese citizens consume an average of 12 liters of pure alcohol annually, which is one of the highest records in the countries, as per the analysis carried out in 52 countries.
- However, the growing use of substitute products such as metal and reusable plastic is expected to hinder the growth of the glass container market. For instance, in April 2021, Gatão Portuguese wine brand started selling its Vinho Branco cans using Ardagh's wine can. The can is designed to protect the taste of wine while offering convenience, portability, and sustainability.
- COVID-19 impacted numerous industries, but the glass container market was negatively affected and witnessed enhanced demand from the food, beverage, and pharmaceutical sectors during the period.
Portugal Container Glass Industry Segmentation
Glass Containers are glass bottles, jars, or other packaging containers used to contain a product that is the subject of a retail sale. These bottles and containers can be clear or Tinted/ Amber.
Portugal Container Glass Market is segmented By End-User Industry (Beverage, (Alcoholic and Non-Alcoholic), Food, Cosmetics, and Pharmaceuticals).
End-User Industry | ||||
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Food | ||||
Cosmetics | ||||
Pharmaceuticals | ||||
Other End user verticals |
Portugal Container Glass Market Size Summary
The Portugal container glass market is experiencing growth driven by the increasing demand for sustainable packaging solutions, particularly due to the ban on single-use plastics. This shift towards eco-friendly and reusable options like glass is gaining traction among various end users. The pharmaceutical industry is a significant contributor to this demand, as glass containers are preferred for medicinal packaging due to their environmental benefits over alternatives like PET. Additionally, the rising consumption of alcoholic beverages is expected to further boost the market, with tinted amber glass containers being favored for their UV protection. However, the market faces challenges from the growing use of metal and reusable plastic substitutes, which could hinder its expansion.
The market's growth is also supported by the increasing production and export of beverages, spirits, and vinegar, which necessitates the use of container glass for packaging. Health trends in Europe are driving demand for products like flavored sparkling water and fruit juices, contributing to market expansion. Despite low recycling levels in Portugal, initiatives like the iREC project aim to enhance recycling efforts, potentially influencing future glass container usage. The pharmaceutical sector remains stable, with significant sales and exports, further supporting the market. The fragmented nature of the market sees regional and local players actively participating in recycling projects to improve glass packaging recycling rates in the country.
Portugal Container Glass Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Surging Demand for Sustainable Products
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1.1.2 Food and Beverage Sector to Propel Growth
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1.2 Market Restrain
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1.2.1 Prevalence of Substitute Products such as plastic
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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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Portugal Container Glass Market Size FAQs
What is the current Portugal Container Glass Market size?
The Portugal Container Glass Market is projected to register a CAGR of 3.20% during the forecast period (2024-2029)
Who are the key players in Portugal Container Glass Market?
BA GLASS, Verallia, berlinpackaging, Mercado do Vidro, Vidrala and Depósito da Marinha Grande. are the major companies operating in the Portugal Container Glass Market.