Germany Glass Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The German Glass Packaging Market is expected to register a CAGR of 8.51% during the forecast period. Glass packaging for food is anticipated to expand due to strong demand from industries including soups and baby food. The beer, cider, and spirits industries are also anticipated to contribute to the glass expansion substantially. Additionally, the personal hygiene industry is expected to contribute the most to the growth of this packaging material. Glass packaging for cosmetics and toiletries is expected to increase due to the skincare industry's high demand. There has been impacting of the Russia-United Kingdomraine war on the overall packaging ecosystem.
Key HighlightsThe German Glass Packaging Market is moderately competitive, with a considerable number of regional and global players. However, the properties of glass and its benefits to beverages, cosmetics, and other industries are leading to the increased adoption of glass bottles, containers, vials, and ampoules. Players in the market adopt strategies such as product innovation, partnerships, mergers, and acquisitions to increase their market share and further recyclability driving the market.
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