Angola Container Glass Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Angola Container Glass Market Analysis

The Angola Container Glass Market size in terms of shipment volume is expected to grow from 214.54 kilotons in 2024 to 224.05 kilotons by 2029, at a CAGR of 0.87% during the forecast period (2024-2029).

In Angola, the demand for container glass has been shaped by economic growth, urbanization, and infrastructure enhancements. Given their perception as more environmentally friendly than plastic alternatives, the demand for glass containers will likely surge as awareness and preference for sustainable packaging rise.

• With a growing emphasis on sustainable packaging, glass containers are witnessing heightened demand, given their eco-friendliness compared to plastic. The beverage sector, especially bottled drinks—both alcoholic and non-alcoholic—is pivotal in driving container glass demand. Furthermore, the expanding food processing industry is set to amplify this trend.
• The Angolan government is supporting local production to curb import reliance. This initiative is poised to boost container glass demand as domestic industries expand. Angola's historical dependence on imports spans various consumer goods, including glass packaging. Thus, supply chain shifts and import cost variations could influence local demand.
• With funding from the KOAFEC trust fund, the Angolan Government has initiated a study, backed by the Bank, to enhance export diversification and refine the business environment. By diversifying its exports, Angola aims to better integrate into regional markets, specifically under SADC and ECCAS, and on a continental scale. The study recommends focusing on the manufacturing, agriculture, and tourism sectors for export action plans and government backing. It highlights six primary products that include glass/glass bottles and others.
• According to Eaglestone Securities, a financial services platform, Angola's demographic trends, promising growth prospects, and political stability make its market increasingly attractive. The population of Angola, currently around 21 million, is projected to surge to 54 million by 2050 (source: United Nations). Notably, Angola boasts a predominantly young demographic, with its working-age population set to outpace the overall population growth until 2085. Such factors would further create opportunities for the retail sectors driving the demand for glass container market.
• Angola's economic fluctuations have notably influenced investments in its glass manufacturing sector. Challenges in accessing financing can impede the setup and growth of container glass production facilities. The glass manufacturing industry depends on a consistent influx of raw materials; disruptions in the supply chain for these essential materials often arise from inadequate infrastructure and logistics.

Angola Container Glass Market Trends

The Pharmaceutical Sector is Expanding, Driven by Heightened Healthcare Demands and Investments

Angola Container Glass Industry Segmentation

Glass Containers refer to clean bottles and jars made from glass. The scope excludes windows and other non-container glass products. Container glass is used in the alcoholic and non-alcoholic beverage industries due to its ability to maintain chemical inertness, sterility, and non-permeability. Glass packaging is valued for its unique properties, including its transparency, inertness, and ability to preserve the quality and integrity of its contents.

Angola Container Glass Market is Segmented by End-User Industry ((Beverages (Alcoholic Beverages (Wines and Spirits, Beer and Cider, and Other Alcoholic Beverages) and Non-Alcoholic Beverages (Carbonated Drinks, Juices, Water, Dairy-Based, Flavored Drinks, Other Non-Alcoholic Beverages)), Food, Cosmetics, Pharmaceuticals, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Volume (Tonnes) for all the Above Segments.