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

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

The Spain Container glass market is projected to grow at a CAGR of 3.4% during the forecast period (2022- 2027). The increasing demand for container glass in packed food & beverage items has supported the need for soda-lime-silica-based glass for storing an extensive range of food ingredients. The market is anticipated to increase as a result of rising beverage consumption and the rising pharmaceutical industry's need for vials and ampoules. Furthermore, the market is expanding at an even faster rate thanks to the rising demand for luxury packaging in the food processing sector.

Key Highlights

• Growing consumer demand for eco-friendly, safe, and healthier packaging has helped glass container packaging flourish among many end-users. Also, innovative technologies for shaping, embossing, and adding artistic finishes to glass have made glass container packaging more popular among end-users. Additionally, the rising demand for eco-friendly products in the food and beverage market is boosting the market's growth.
• Premium food and alcoholic and non-alcoholic beverage brands prefer glass (container glass) over other packaging options, such as plastic, as glass is chemically inert, non-porous, and impermeable, eventually surging demand from the food and beverage market. For instance, according to oiv. int, wine consumption volume in Spain has increased in 2021 and has reached 10.5 MHL (+9.9% / 2020).
• Additionally, container glass is an optimum choice for alcoholic beverages to retain their aroma and taste. The wine manufacturing companies are using tinted container glass for wine packaging. The increasing consumption of wine globally has supported the growth of the Spain container glass market. For instance, according to oiv.int, Spain is the largest exporter of wine in 2021 with 23.0 MHL, accounting for 21% of the global wine exports.
• COVID-19 impacted Spanish wine sales significantly in a year forecast to be a great year in terms of harvest. The government offered subsidies to growers as the industry showed a decline in demand, and the surplus crops had to be destroyed. The revival of the wine demand in Spain is expected in the forecast period, which is further anticipated to boost the market's growth.

Key Market TrendsBeverage Industry to Hold the Highest Market Share

• Spain is among the top exporter of sparkling wine and is ranked third, with a quantity little than France’s. The bottles are exported, mainly to Germany, the United States, and Belgium. The top three wine exporters contributed 59.9 MHL in 2021 export volumes, where Spain accounted for 16% of the global export volumes. This will further increase the demand for Spanish Cava globally, fostering the growth of container glass.
• Also, alcoholic beverages such as beer and wine have witnessed tremendous growth. Most of the wine volume is sold in glass bottles, propelling the need for increased production rates in the container glass packaging industry. Increasing wine consumption in Spain is anticipated to support the growth of the container glass market. For instance, wine export volume in 2020 in Spain was 20.2 MHL, compared to 23.0 MHL in 2021, in which bulk (>10 liters) volume stood at 56%.
• The container glass packaging market faces intense competition from the metal packaging segment in the form of cans in the alcoholic beverage segment. However, container glass packaging is expected to maintain its share during the studied timeframe owing to its usage in premium products. The market will experience growth across non-alcoholic beverage products, such as coffee, juices, soups, tea, dairy, and non-dairy beverages.
• Additionally, after the revival of the market from COVID-19 and reopening of HoReCa channels, and the resumption of social gatherings and festive events. Sparkling wine exports from France, Italy, and Spain, whose sparkling wine exports represent 35%, 26%, and 16% of their total 2021 wine export value, respectively.

Pharmaceuticals Industry is Expected to Bolster Growth

• One of the main types of packaging used in the pharmaceutical industry is glass containers. Glass containers have been used to package a significant number of pharmaceutical formulations, and they are frequently the material of choice for packaging.
• The pharmaceutical industry is highly regulated and emphasizes sustainability and safety in manufacturing and packaging processes. The properties of glass such as resistance to heat, non-reactive to chemicals, leak or seep proof, easily sterilized, and others have promoted the growth of the container glass pharmaceuticals industry.
• Additionally, according to OECD, pharmaceutical sales in Spain increased by EUR 1,034 million (+4.97%) has reached EUR 21.8 billion in 2021 compared to EUR 13.75 billion in the previous year. The value of pharmaceutical sales has increased constantly in the past decade and has reached its all-time highest. The increasing sales of pharmaceutical products will support the market demand in Spain.
• Furthermore, players in the market are also focusing on acquiring companies in the country. For instance, in June 2022, Berlin Packaging, a hybrid packaging supplier, acquired Vidrierías Pérez Campos SL, a family-owned Spanish distributor of glass packaging for the olive oil, home fragrance, and spirits markets. The strategic acquisition of Vidrierías Pérez Campos expands Berlin Packaging coverage to southern Spain.

Competitive Landscape

The Spain container glass market is fragmented, with numerous regional and global players. Companies in the market are leveraging strategic acquisition to enhance their offering, market share, and profitability in Spain.

May 2022 - Coca-Cola Euro Pacific Partners expanded the returnable glass bottle system portfolio for restaurants, hotels, and cafes in Europe for its Tropico, Fuze Tea, Fanta, Sprite, and Minute Maid brands will be available in universal 250 ml bottles that can be returned, cleaned, and refilled for reuse in hotels, restaurants, and cafes.

April 2022 - The Ardagh Group company has introduced two new beer bottles available on its website: a 12 oz long-neck bottle and a 22 oz Belgian-style bottle. The new glass beer bottles are sold on the BOBTM website of AGP - North America (BuyOurBottles). Both bulk and 24-pack containers of the Pinnacle 2.0, a 12 oz standard North American long-neck bottle with a 26 mm Crown/pry-off closure, are offered.

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

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