Forecast Of European Glass Packaging Bottle Market From 2020 To 2024

Forecast Of European Glass Packaging Bottle Market From 2020 To 2024

Date:May 11, 2020

The ResearchAndMarkets report pointed out: The European glass packaging bottle market is expected to reach 19 billion US dollars in 2024, with a compound annual growth rate of 4.89% between 2020 and 2024.

The growth of the glass packaging bottle market is driven by a variety of factors, such as increased demand for alcoholic and non-alcoholic beverages, rising beer production in Europe, growing wine trade, and an increase in the recycling rate of glass packaging bottles. The glass packaging bottle market is expected to experience certain trends, such as the surge in food and beverage demand in Europe, the increase in the middle class population and the introduction of lightweight glass. The European glass bottle market also faces certain challenges, such as volatility in grape production and various trade barriers. Due to the emergence of COVID-19 disease worldwide, the glass packaging bottle market is expected to decline in 2020.

The European glass packaging bottle market can be divided into the following categories according to applications: beverages, food, pharmaceuticals and personal care. The beverage sector dominates the market in 2019, followed by food, medicine and personal care. The European beverage glass packaging market can be divided into five segments: sparkling wine, beer, spirits, soft drinks and sparkling wine. The market share of sparkling wine in 2019 is the first, followed by beer.

The European glass bottle market is divided by regions as follows: Germany, United Kingdom, France, Italy, Spain, Russia and Poland. The country with the highest market share in 2019 is Germany, followed by the United Kingdom. Supported by the government's strict plastic bag ban policy, Germany is expected to dominate the market in the next few years.

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