Market Trends of Switzerland Container Glass Industry
This section covers the major market trends shaping the Switzerland Container Glass Market according to our research experts:
Increasing Production of the Soft Drinks and Soda in the Country
- With the rise in domestic soft drinks and soda production, the demand for glass packaging is increasing. Switzerland has a wide array of soft drinks, which are produced in large quantities or packaged in small batches. White wine, in particular, is highly popular and traditionally served with fondue - one of the most hearty foods in the Swiss diet.
- Swiss food-related institutes (academia, governmental) involved science and education focused on studying food & nutrition as well as sustainable packaging and reducing plastic pollution in packaging and chemical PET recycling and upcycling food waste to create new growth opportunities.
- According to UN Comtrade, Switzerland was the leading country in the world in terms of non-alcoholic beverage export value in 2020. The country exported over USD1.8 billion in beverages, ahead of Thailand, which exported USD1.5 billion.
- With the rising awareness of plastic pollution and the environmental impact plastic has, consumer demand and companies increasingly focus on using more sustainable ways of packaging for food products. In addition, manufacturers have made sustainable packaging a focal point to find alternative materials and reduce plastic pollution.
- Packaging requirement from the alcoholic drinks market is driving the demand for glass bottle packaging. Additionally, growing consumer interest in craft, low ABV, and premium beer are providing new opportunities for glass packaging.
- Switzerland's rich drinking culture with countless varieties and brands of alcoholic beverages attracts international attention. The report published by the Organisation for Economic Cooperation and Development (OECD) puts the average Swiss intake at 11.5 liters of pure alcohol per year. This amount, just above the OECD average, corresponds to 2.5 bottles of wine or 4.4 liters of beer weekly for those aged 15 or above.
- Companies are shifting current packaging to sustainable alternatives; these are key driving market growth factors. Glass's infinite recyclable potential is one of the most important factors in its sustainability. Glass is 100% recyclable and does not lose quality during the recycling process.
Understand The Key Trends Shaping This Market
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The Growing Demand for Glass Container in Food & Beverage and Pharmaceutical Industries
- Regarding production value and R&D expenditure on new drugs and healthcare technologies, the Swiss pharmaceuticals business has been atop the rankings in Europe in recent years.
- The demand for glass packaging solutions is increasing because Switzerland is home to many pharmaceutical companies, including very large groups, such as Novartis and Hoffmann-La Roche. The pharmaceutical industry is an important part of the Swiss economy. Pharmaceuticals is one of Switzerland's major industries, accounting for about 7% of GDP, 35% of manufacturing, and more than 8% of global production.
- According to the OECD value of pharmaceutical sales in Switzerland increased by Swiss francs 280 million (+4.1%) since the previous year. Therefore, the value of pharmaceutical sales in Switzerland peaked in 2021 at CHF 7.1 billion. A country's total pharmaceutical sales mean sales of pharmaceutical products on the domestic market based on retail prices.
- Additionally, in 2021, Switzerland's generics share of the total pharmaceutical market value increased by 0.3% in 2020. In total, the generics share amounted to 18.5% in 2021, as stated by OECD. Over the observed period, the generics share has been subject to fluctuation. The growing pharmaceutical export value in the country has created a way of growth for the market.
