Spain Packaging Market Size (2024 - 2029)

Spain Packaging Market Analysis

The Spanish packaging market is expected to register a CAGR of 3.7% over the forecast period. Growing end-user industries and increasing investments by foreign players are significant factors driving the packaging industry in Spain. The recent rise in demand for pharmaceutical packaging and the trending shift to sustainable and environment-friendly packaging materials are opportunities that are expected to expand the packaging market during the forecast period.

• The country holds globally-recognized food manufacturing, motor vehicle, and pharmaceutical industry players. They boost the growth of the local contract packaging industry in the country. For instance, Referesco recently announced a strategic partnership with PepsiCo in Spain. The agreement includes transferring two of Pepsi's factories in Tafalla and Seville and will complement Refresco's existing facilities in Spain.
• Additionally, glass manufacturers maintain a policy of sustained investment in Spain with plants aimed at improving the operational excellence of indigenous industrial facilities and improving the quality and reliability of Spain as a producer. Becton, Dickinson, and Company (BD) announced plans to construct a new plant in Zaragoza, Spain, with an investment of EUR 165 million to produce glass pre-filled syringes and their plastic components.
• Also, Spain has increased its focus on the selective separation of recycling. According to Ecovidrio, 7 out of 10 packaging items are recycled in Spain, with an average of 17.8 kg recycled per citizen a year. The country has 230,950 containers for recycling glass containers. The organization also highlighted that the recycling rate of glass packaging doubled in the last two decades and is expected to see strong growth over the forecast period.
• Additionally, Spain is the third-largest exporter of sparkling wine, with a quantity just below France's. The bottles are exported, mainly to the United States, Germany and Belgium. In 2022, the demand for Cava was expected to increase significantly, catering to the market growth. Further, the increasing demand for Spanish Cava worldwide is expected to foster the development of glass bottles.
• However, a higher market growth is anticipated in the projected timeframe owing to stringent rules and regulations on packaging materials and the ban on single-use plastic.
• Owing to the COVID-19 pandemic, the glass packaging sector faced a shortage of raw materials, which impacted the price of raw materials. For instance, according to EUROSTAT, Spain's producer prices in manufacturing and processing other glass, including technical glassware, reached 115.60 points in September 2022 from a record low of 83.00 points in January 2005. Further, the Russia-Ukraine war has had an impact on the overall packaging ecosystem.

Spain Packaging Industry Segmentation

The study tracks the market from the demand perspective and the revenue derived from the sales of packaging solutions made of plastic, paper, glass, and metal. The study also tracks the effects of regulations and market drivers, along with factors challenging the market growth. The Spanish packaging market is segmented by layers of packing (primary, and secondary & tertiary), by packaging material (plastic (rigid and flexible packaging), paper, glass, and metal), and by end users (food & beverage, healthcare & pharmaceutical, beauty & personal care, industrial, and end users). Leather packaging, wood packaging, earthenware packaging, vegetable fibers, and textile packaging solutions are excluded from the scope of the study,

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.