Denmark Container Glass Market Size (2024 - 2029)

Denmark Container Glass Market Analysis

The Denmark Container Glass Market size in terms of shipment volume is expected to grow from 0.3 Million tonnes in 2024 to 0.35 Million tonnes by 2029, at a CAGR of 3.13% during the forecast period (2024-2029).

• Denmark, home to nearly six million residents, boasts a compact yet affluent consumer market. With a per-capita GDP estimated at USD 69,000, Denmark ranks among the world's wealthiest nations. The country's heavy reliance on imported food and beverages opens doors for U.S. exporters. As Denmark's food and beverage sector thrives, so does its appetite for container glass.
• Located in Scandinavia and part of the European Union (EU), Denmark is classified as a high-income nation. The demand for container glasses is primarily driven by the beverage industry, with a notable emphasis on alcoholic beverages like spirits and wine.
• According to data from the United States Department of Agriculture (USDA), Denmark boasts a vibrant wine import market, featuring around 1,500 importers. This indicates promising sales opportunities for U.S. wines. In 2023, Danish wine imports were valued at USD 772 million, with Italy and France accounting for half the volume, further driving the demand for container glass.
• Denmark's pharmaceutical sector is witnessing significant growth. As highlighted by Healthcare Denmark, the nation holds a crucial position in the global medicines and medical devices arena. Since 2008, exports from the Danish Life Science industry have surged over threefold, reaching about EUR 23.5 billion in 2020, and now represent 20% of the nation's total exports.
• In addition, leading pharmaceutical companies are strategically enhancing their production capabilities in Denmark. Thanks to a strong pharmaceutical output, spearheaded by Novo Nordisk A/S, Denmark's economy in 2024 exceeded growth projections. Emphasizing this upward trajectory, Novo Nordisk announced in November 2023 a significant investment plan, exceeding 42 billion Danish kroner (approximately USD 6.19 billion), aimed at expanding its manufacturing footprint in Kalundborg.
• Despite the growth, Danish container glass manufacturers face hurdles, particularly concerning sustainability. The essential glass manufacturing process brings forth environmental challenges, such as greenhouse gas emissions, air pollution, and high water consumption, which could impede market expansion.

Denmark Container Glass Industry Segmentation

Container glass is designed for crafting glass containers, including bottles, jars, drinkware, and bowls. Its key attributes include chemical inertness, sterility, and non-permeability, rendering it especially sought after in the beverage, food, pharmaceutical, and cosmetic sectors. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.

Denmark Container Glass Market is segmented by end-user industry ((Beverages (Alcoholic Beverages and Non-Alcoholic Beverages), Food, Cosmetics, Pharmaceutical and Other End-User Industries). The market sizes and forecasts are provided regarding volume (Tonnes) for all the above segments.