Market Trends of Denmark Container Glass Industry
Beverage Segment is Expected to Dominate the Market
- In Denmark, changing consumer preferences, increasing disposable incomes, and robust economic growth is driving a surge in alcoholic beverage consumption. This uptick is, in turn, boosting the demand for container glass. According to the Food and Agricultural Organization (FAO), beer consumption per capita in Denmark reached 58.6 liters in 2021, with projections estimating an increase to 60.3 liters by 2023, further fueling market expansion.
- Additionally, the USDA points out that Denmark is unique in the Nordic region, being the only country that allows the sale of all alcoholic beverages in standard supermarkets. The Danish market features wines from states like California, Washington, Oregon, New York, and Virginia, with Denmark leading globally in per capita consumption of American wines outside the U.S. Current trends indicate a growing preference for beverages with lower alcohol content, eco-friendly packaging, and distinctive, eye-catching labels, all of which are significantly driving up the demand for container glass.
- Wine consumption in Denmark has been on a consistent upward trajectory. Data from Statistics Denmark reveals that wine sales volume increased from 149.5 million liters in 2017 to 150.1 million liters in 2023. This growing appetite for alcoholic beverages highlights the expanding market for container glasses.
- Wine Australia reports that the Nordic quartet, comprising Denmark, Finland, Norway, and Sweden, imported 30 million liters of Australian wine, making up about 5% of the total volume exported in the year leading up to June 2024. This statistic underscores Denmark's significant influence in the container glass market. Furthermore, Denmark's wine imports are diverse, spanning countries like France, Italy, Spain, and Australia. Notably, the International Trade Center (ITC) highlighted a substantial wine import from France, valued at USD 254.24 million in 2023.
Understand The Key Trends Shaping This Market
Download PDF
Pharmaceutical Segment Expected to Hold High Market Share
- Denmark stands out as a pivotal European nation, hosting numerous active pharmaceutical companies dedicated to drug development. The country is also extending appealing business solutions to foreign biotech firms, bolstering Denmark's economic landscape.
- As the demand for enhanced manufacturing capabilities and fresh research avenues surged, international investments and collaborations flocked to Denmark's pharmaceutical sector. In August 2024, Novo Nordisk, a prominent pharmaceutical entity, unveiled plans for a DKK 1.5 billion (USD 221 million) facility in Denmark, aiming to cater to the escalating demand for chronic disease medications.
- Such strategic investments by industry leaders, focusing on expanding capacity for both oral and injectable products, underscore the market's burgeoning demand. This trend is poised to usher in substantial opportunities for container glass manufacturers in Denmark over the coming years.
- Denmark is amplifying its exports of glass containers, bottles, and jars across diverse sectors, notably pharmaceuticals, cosmetics, and beverages. Data from the International Trade Center (ITC) reveals that in 2023, Denmark's glass product exports, valued at USD 57.25 million, predominantly reached markets in Germany, Sweden, and Italy.
