Bulgaria Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.46 Million tons |
| Market Volume (2029) | 0.51 Million tons |
| CAGR (2024 - 2029) | 1.79 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bulgaria Container Glass Market Analysis
The Bulgaria Container Glass Market size in terms of shipment volume is expected to grow from 0.46 Million tonnes in 2024 to 0.51 Million tonnes by 2029, at a CAGR of 1.79% during the forecast period (2024-2029).
As packaged foods and beverages are consumed, especially in the alcohol and soft drink sectors, the demand for glass containers rises. Bulgarian producers increasingly opt for glass, citing its sustainability and superior product preservation qualities. Glass stands out as a prime choice for companies looking to shrink their carbon footprint and resonate with eco-conscious consumers.
- Bulgaria, classified as an upper-middle-income market, boasts a thriving agribusiness and food sector that is pivotal in driving economic growth. The Food and Beverage Industry is a prominent and lucrative sector within Bulgaria's industrial landscape.
- Historically, the Bulgarian Food and Beverage Industry (BFBI) has leaned towards export orientation. As reported by Eurostat in March 2024, Bulgaria witnessed a EUR 159.8 million (USD 168.76 million) surge in the turnover of retail sales for food and beverages in specialized stores, marking a 15.31% increase from the prior year. Since container glass packaging, including bottles and jars for food, is favoured in the industry due to its notable advantages, the rise in sales of food and beverage would bolster the market demand.
- Driven by a global surge in bottled beverage consumption, Bulgaria's container glass industry is witnessing robust growth. Glass containers are favored for preserving product originality during storage. Responding to this heightened demand, Bulgaria's imports of glass and glassware reached USD 239.57 million in 2023, a notable increase from USD 193 million in 2021, as the United Nations COMTRADE database on international trade reported.
- Bulgaria's labour market faces several structural challenges, notably a rapidly shrinking working-age population. The Bulgarian labor market faced an immediate and severe blow from the dual shocks of the COVID-19 pandemic and the Ukraine-Russia conflict. While numerous sectors have nearly bounced back, the long-term repercussions of these crises remain uncertain.
- Bulgaria is actively adopting sustainable practices across its ecosystem. In 2023, Bulgaria implemented a new packaging law impacting manufacturers, online sellers, and distributors. This law, integrated into the Waste Law, mandates that manufacturers, importers, and dealers are accountable for packaging waste disposal. Companies are required to register and pay a fee for this disposal. These changes are expected to boost the demand for sustainable and reusable container glass, further mitigating environmental impact and promoting responsible packaging waste management.
Bulgaria Container Glass Market Trends
Rising Healthcare Sector Aids Pharmaceutical Container Glass Demand
- Bulgaria's pharmaceutical market is one of the more appealing options in Central and Eastern Europe. Key advantages include a stable and well-established operating environment, an ageing demographic, and comparatively low production and distribution costs.
- According to a report by the International Trade Administration, U.S. Department of Commerce, released in February 2024, pharmacy operators are witnessing a consistent 10% growth in drug sales, driven by an ageing population. Additionally, the 2023 pharmaceutical budget has allocated an increase of USD 137.44 million (16.75%) for pharmaceuticals compared to the previous year. This robust growth in the pharmaceutical sector would consequently be attributed to the country's growing demand for pharmaceutical packaging options like glass bottles and vials.
- Positioned in Central and Eastern Europe, Bulgaria's pharmaceutical market emerges as a particularly attractive choice. The allure lies in its stable and established operational landscape, an ageing population, and relatively low costs in production and distribution.
- In its 2023 draft budget, the government allocated over USD 5 billion for healthcare expenditures. As reported by IQVIA, Bulgaria produces 10 billion tablets and 164 million liquid medicines, with a total valuation of USD 376 million. The pharmaceutical sector constitutes 2.2% of Bulgaria's GDP. Therefore, this depicts that the country's pharmaceutical industry is primarily attributed to the growing demand for container glass demand across the country.
- As UN Comtrade and the International Trade Centre reported in May 2024, Bulgaria's exports of pharmaceutical preparations and products reached USD 27,198.3 million in 2023. This marks a substantial increase from the USD 15,899.13 million recorded in 2020. Consequently, the demand for pharmaceutical container glass for packaging in Bulgaria is anticipated to rise.
Robust Demand From the Beverage Industries Creates Opportunity
- Bulgaria is a Southeast European nation with a storied history of grape cultivation and winemaking dating back to Thracian times. Beverages play a central role in its culture. Owing to its varied climate and geography, Bulgaria boasts a rich tapestry of local drinks, encompassing both alcoholic and non-alcoholic varieties.
- Bulgaria consistently ranks among the world's top countries for per capita alcohol consumption. This trend underscores a cultural backdrop characterized by a pronounced tolerance for alcoholic beverages and a nuanced appreciation of alcohol traditions. Exploring the depths of Bulgaria's traditional drinking customs illuminates the global allure and rising popularity of its beverages, subsequently driving the demand for glass containers in beverage packaging.
- The alcoholic beverages and other soft drink and bottled water production industry is undergoing notable transformations, influenced by changing consumer preferences and global trends. Prominent trends encompass a stronger emphasis on sugar reduction, environmental sustainability initiatives, and packaging materials innovations.
- Bulgaria boasts more than 65% share of carbonated drinks without added sugars, outperforming the European average by double. The demand for economical and customizable beverages that appeal to diverse income levels drives Bulgaria's soft drink concentrates market.
- According to Eurostat, Bulgaria's wholesale beverages industry revenue is projected to increase from USD 1,125.58 million to USD 1,422.53 million by 2025. This growth is expected to continue during the forecast period, partly due to the increasing demand for container glass used in beverage packaging across the country.
Bulgaria Container Glass Industry Overview
The Bulgaria Container Glass Market is semi-consolidated and consists of few major players such as BA Glass Bulgaria SA, ProAmpac LLC, Cascades Inc and more. In terms of market share, few of the major players currently dominate the market. However, with creative and decorative packaging patterns, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Bulgaria Container Glass Market Leaders
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BA Glass Bulgaria SA
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Feemio Group Co., Ltd.
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Rubin Trading JSC
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Vials.Bg – Melampous Ltd
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Glassy Bulgaria
*Disclaimer: Major Players sorted in no particular order
Bulgaria Container Glass Market News
- March 2024: Şişecam, a global company operating in the glass and chemicals industries, has announced plans to invest USD 114 million in three new glass production lines. These lines, with a combined capacity of nearly 20 million square meters, will be established in Turkey, Italy, and Bulgaria. The investment aims to meet the increasing demand for coated glass in the market. Şişecam intends to strengthen its competitive position by improving operational efficiency and expanding its product portfolio.
- November 2023: CANPACK Group and BA Glass, a company operating in Bulgaria, announced a definitive agreement for the transfer of CANPACK's CP Glass operations in Poland to BA Glass. Both parties have committed to ensuring a smooth transition of CP Glass operations and employees into the BA Glass organization in Poland. This agreement is expected to strengthen BA Glass's position in the global market.
Bulgaria Container Glass Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 PESTEL ANALYSIS - Container Glass Industry in Bulgaria
4.3 Industry Standard and Regulation for Container Glass Use for Packaging
4.4 Raw Material Analysis and Material Consideration for Packaging
4.5 Sustainability Trends for Glass Packaging
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Adoption of Sustainable Packaging Across Industries Boost Glass Packaging Growth
5.1.2 Surging Demand from the Pharmaceutical Sector Aids the Topline
5.2 Market Challenge
5.2.1 Labor Market Related Issues and Other Macroeconomic Pressures Dents the Industry
5.3 Analysis of the Current Positioning of Bulgaria in the European Container Glass Market
5.4 Trade Scenerio - Analysis of the Historical and Current Export Import Paradigm for Container Glass Industry in Bulgaria
6. MARKET SEGMENTATION
6.1 By End-user Vertical
6.1.1 Beverage
6.1.1.1 Alcoholic
6.1.1.1.1 Beer and Cider
6.1.1.1.2 Wine and Spirits
6.1.1.2 Non-alcoholic
6.1.1.2.1 Carbonated Soft Drinks
6.1.1.2.2 Dairy-based
6.1.1.2.3 Water
6.1.1.2.4 Other Non-Alcoholic Beverages
6.1.2 Food
6.1.3 Cosmetics
6.1.4 Pharmaceutical
6.1.5 Other End-user Verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 BA Glass Bulgaria SA
7.1.2 Feemio Group Co., Ltd.
7.1.3 Rubin Trading JSC
7.1.4 Vials.Bg – Melampous Ltd
7.1.5 Glassy Bulgaria
7.1.6 Ecoprint Glass, Ltd.
7.1.7 Gudex SA
7.1.8 KMC Glass
8. FUTURE OUTLOOK OF THE MARKET
Bulgaria 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. The Bulgaria glass containers market tracks the shipment volume of different types of glass containers across end-user industries in the market.
Bulgaria Container Glass Market is Segmented by End-User Industry ((Beverages (Alcoholic Beverages (Beer and Cider and Wines and Spirits) and Non-Alcoholic Beverages (Carbonated Soft Drinks, Dairy-based, Water and Other Non-Alcoholic Beverages)), Food, Cosmetics, Pharmaceutical, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Volume (Tons) for all the Above Segments.
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| Other End-user Verticals |
Bulgaria Container Glass Market Research FAQs
How big is the Bulgaria Container Glass Market?
The Bulgaria Container Glass Market size is expected to reach 0.46 million tons in 2024 and grow at a CAGR of 1.79% to reach 0.51 million tons by 2029.
What is the current Bulgaria Container Glass Market size?
In 2024, the Bulgaria Container Glass Market size is expected to reach 0.46 million tons.
Who are the key players in Bulgaria Container Glass Market?
BA Glass Bulgaria SA, Feemio Group Co., Ltd., Rubin Trading JSC, Vials.Bg – Melampous Ltd and Glassy Bulgaria are the major companies operating in the Bulgaria Container Glass Market.
What years does this Bulgaria Container Glass Market cover, and what was the market size in 2023?
In 2023, the Bulgaria Container Glass Market size was estimated at 0.45 million tons. The report covers the Bulgaria Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bulgaria Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bulgaria Container Glass Industry Report
Statistics for the 2024 Bulgaria Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bulgaria Container Glass analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
