Denmark Container Glass Market - Growth, Trends, COVID -19 Impact, and Forecasts (2022 - 2027)

Denmark Container Glass Market - Growth, Trends, COVID -19 Impact, and Forecasts (2022 - 2027)

Denmark's container glass market is expected to register a CAGR of 2.8% during the forecast period of 2022-2027. Rising consumer demand for safe and healthier packaging in food categories and the rising demand from the food & beverage industry, followed by the pharmaceutical industry, is stimulating the market's growth.

Key Highlights

• The demand for container glasses is majorly driven by the beverage industry, particularly the alcoholic beverage segment, where spirit, wine, and other alcoholic beverages account for a significant market share. In addition, the packaging of non-alcoholic beverages is preferred container glass due to several benefits. For instance, according to Statistics Netherlands, the volume of spirits sold in Denmark increased by 17.8% in 2021 compared to 2020.
• Being 100% recyclable material, container glass is being utilized as an effective and eco-friendly solution by different industry verticals in their applications which is likely to increase the demand over the projected period.
• The availability of container glass substitutes is restricting the market's growth. Such as plastic, which is lighter in weight than bulky glass, these items are gaining popularity among manufacturers. Further, the carbon footprint from glass manufacturing with more energy consumption will likely restrain the market's growth.
• Furthermore, the key players of the beverage industry in the country are opting for sustainable alternative solutions to container glass which could further restrict the market growth. For instance, in June 2022, Danish brewer Carlsberg announced plans to trial the performance of 8,000 fiber-based beer bottles to reduce carbon emissions and improve recyclability.
• The Covid-19 pandemic has adversely impacted the container glass market as the production process was disturbed due to the restrictions that created a shortage of raw materials and decreased sales of different products from the food & beverage and cosmetics industries.

Key Market TrendsGrowing Consumption of Food and Beverages Expected to Drive Demand

• Denmark is among the key countries in advanced food processing sectors with the presence of major food and beverage companies such as Arla Foods, Danish, and Carlsberg. In addition, Denmark boasts global leaders such as Novozymes (in enzymes), Christian Hansen (in food ingredients), and Royal Greenland (in fish and seafood production and processing). The rigorous quality assurance, regulatory standards, and growing investment in research and development are the growth factor of the food industry.
• The investments in the food sector for product development in the country are expected to help the growth of the market studied as the government of Denmark has supported the food industry initiatives in the country. For instance, in April 2022, the government announced that it will invest USD 100 million into a new Plant Fund to promote climate-friendly plant-based foods. Further, the investment is expected to provide support for business and product development, as well as for sales, and exports which will boost the demand for container glass.
• The consumption of wine in the country has increased over the past years. According to Statistics Netherlands, the annual turnover of organic wine, cider, and spirits in retail shops in Denmark increased by 20% in 2020 compared to 2019 and by 1% in 2021. This indicates the demand for alcoholic beverages supports the growth of container glasses.

Pharmaceutical Industry to Gain Significant Share in Forecast Period

• Denmark is among the key European countries, with many active pharmaceutical companies in drug development. Moreover, the country is offering attractive business solutions for foreign biotech companies in the industry.
• The growing need for increased manufacturing and production capability and new research opportunities attracted international investments and partnerships in the pharmaceutical industry. For instance, in December 2021, Novo Nordisk unveiled its plans to invest more than USD 2.5 billion to build three new manufacturing facilities and expand the existing facility at its Kalundborg production site in Denmark. The investment is expected to expand Novo Nordisk’s production capacity from active pharmaceutical ingredients (API) to assembly and packaging. The company said that expanding the Kalundborg site would facilitate the production of current and future oral and injectable products.​
• Such investment by industry key players in the country for capacity expansion in oral and injectable products indicates the growing demand in the market. Thus, it is projected to add significant opportunities for container glass manufacturers in the country for their products in the coming years.

Competitive Landscape

The Denmark container glass market is consolidated with the presence of a few major players. In terms of market share, a few of the major players are currently dominating the market. Companies in the market are leveraging strategic collaborative initiatives, product innovation, and mergers & acquisitions to increase their market share and profitability.

• February 2021 - Carlsberg Brewing Company announced rolling out a new glass beer bottle that reduces its core brand’s carbon impact by up to 90%. The company trialed the new bottle in partnership with its supplier Encirc, which switched to running its glass furnace on biogas a renewable fuel made from waste organic materials and with lower carbon emissions than the natural gas it replaces.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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