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

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

The Switzerland Container Glass Market is expected to grow at a CAGR of 4.8% during the forecasted 2020 to 2027. Glass is the preferred packaging for consumers concerned about their health and the environment. Significant consumer demand and behavior shifts have been driving exponential growth across food production, processing, delivery, and disposal and unlocking unprecedented opportunities for Glass Container Packaging. The leveraging of Switzerland and formidable footing within the food industry is creating growth opportunities for the market.

Key Highlights

• The demand for packaging solutions is increasing as the food industry is of great importance for securing the food supply in Switzerland and the economy as a whole. Some Swiss food corporations have a worldwide presence and occupy an important position in the global food industry.
• Switzerland is one of the world's largest per capita food importers. There are lots of niches to be filled. Within the food and drink sector, there are many growth markets, such as ethnic food, high-quality and regional specialties, convenience food, seafood, and alcoholic beverages. The Swiss market offers excellent opportunities for producers and manufacturers of quality food, and Swiss customers set high standards, but the rewards can also be increased.
• However, weight and fragility were the fundamental reasons which can hinder the growth of the market. The shifting focus of the users towards the alternative packaging solution can hamper the growth of the market.
• The Covid-19 pandemic has moderately affected the growth of the glass container packaging market. The COVID-19 pandemic led to numerous significant changes in commodity flows in the agriculture and food sector both in Switzerland and abroad. International markets proved resilient despite logistical challenges and export restrictions in individual countries.

Key Market TrendsIncreasing 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.

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.

Competitive Landscape

The Switzerland Container Glass Market is moderately competitive, with many 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.

• May 2021 - O-I introduces a new line of premium spirits bottles. The company has introduced a line of premium glass spirits bottles for European consumers. The first three bottle shapes in the Contemporary Collection, the Lux, Attenua, and Noble, are inspired by popular spirits bottle shapes from around the world. Each design is available with a thick base or a more eco-friendly lightweight version, as well as a cork mouth or screw cap finish. The entire collection is made with traditional flint, which contains more recycled content than the extra or cosmetic flint glass commonly used for premium spirits.

Additional Benefits:

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

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