Market Trends of Portugal Container Glass Industry
This section covers the major market trends shaping the Portugal Container Glass Market according to our research experts:
Beverage End User Segment are Expected to Witness Significant Growth
- The increasing production of wine compared to the previous year will promote growth for the container glass market. Due to the increase in export of spirits and liqueurs volume, the country has increased production to 7.3 million hectoliters (hl), from 6.4 million hectoliters (hl), representing an increase of 14% compared to the 2020/2021 campaign, which compared to the average of five previous campaigns is 15%, according to Instituto da Vinha e do Vinho.
- Also, the country also exports beverages, spirits, and vinegar to Brazil, which amounted to USD 87.8 Million in 2021, according to the United Nations COMTRADE database on international trade. The export has grown in the past years and will continue to grow in the coming years, which will stimulate the demand for container glass packaging in beverages and spirits.
- Additionally, Health eating and drinking trends across European countries such as Germany, Spain, France, and Portugal have propelled the demand for flavored sparkling natural mineral water, fruit juices, and alkaline water are some of the products which will create growth for the market.
- Furthermore, Recycling levels remain low in Portugal. The municipal corporation of Portugal is implementing an iREC project that will promote recycling and the value of waste. This will bring an innovative approach to the management of single-use containers, which might influence the use of glass containers in the long run.
Understand The Key Trends Shaping This Market
Download PDF
Pharmaceutical Segment are Expected to Support Growth
- Glass container in pharmaceutical is among the primary packaging material that has found their use in the pharmaceutical industries. Pharmaceutical glass containers are either borosilicate (neutral) glass or soda-lime-silica glass, as these glasses have good resistance to thermal shocks and hydrolytic resistance. These properties make them suitable to use in the pharmaceutical industry.
- The sales value of pharmaceuticals in Portugal increased by EUR 113.8 million in 2021 and amounted to EUR 2.9 billion from EUR 2.8 billion in 2020. The increase in sales value was due to prescription and over-the-counter drugs. The Covid-19 pandemic took a toll on numerous industries, but the pharmaceutical industry remained stable.
- In May 2022, Portugal's pharmaceutical products exports accounted for EUR 472 million, and imports amounted to EUR 331 million, resulting in a positive trade balance of EUR 141 million. The exports of Portugal's Pharmaceutical products reached EUR 472 million in May 2022 from EUR 114 in May 2021. The increasing export of pharmaceutical products is expected to support the market's growth.
