Hungary Container Glass Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 0.49 Million tons |
| Market Volume (2029) | 0.55 Million tons |
| CAGR (2024 - 2029) | 1.81 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Hungary Container Glass Market Analysis
The Hungary Container Glass Market size in terms of shipment volume is expected to grow from 0.49 Million tons in 2024 to 0.55 Million tons by 2029, at a CAGR of 1.81% during the forecast period (2024-2029).
The country's demand from the food and beverage sectors primarily drives the container glass market. Consumers increasingly favour sustainable and eco-friendly packaging. Given that glass is 100% recyclable and maintains its quality upon reuse, its rising popularity bolstered the container glass market.
- In recent years, Hungary's non-alcoholic drinks market has witnessed notable growth. Driven by a shift towards healthier choices, Hungarian consumers increasingly favour non-alcoholic beverages. While the market has risen, soft drinks have emerged as the dominant segment. Notably, the preference for packaging soft drinks and carbonated beverages in glass containers is anticipated to fuel market demand further.
- Hungary is making strides in environmental sustainability by rolling out innovative, reusable transport containers. In 2024, Hungary initiated its deposit refund scheme (DRS). Under this scheme, all beverage packaging can be returned at designated points, ranging from 0.1 to 3 litres and shaped as bottles or cans—whether made of plastic, metal, or glass. This initiative aims to shrink plastic and packaging waste while boosting demand for sustainable, returnable, reusable glass containers.
- The demand for premium, visually appealing glass packaging for perfumes and cosmetics has seen a notable surge in Hungary—the presence of prominent global perfume companies, including NEROLI Perfumery and Superz. Budapest, Eau de Tihany, and Mar Galliti Skin Care & Botanicals have increased the demand for export-quality glass bottles and containers.
- Data from the United Nations COMTRADE database on international trade reveals that Hungary's imports of glass and glassware surged to USD 757.09 million in 2023, up from USD 654 million in 2022. This uptick is primarily driven by heightened demand from various sectors, notably beverages and cosmetics, suggesting a trend of increasing imports in the foreseeable future.
- However, the country is grappling with the repercussions of soaring inflation, exacerbated by high energy prices linked to the Ukraine-Russia conflict. As the Hungarian National Bank reported, Hungary's inflation rate surged by 17.6% in 2023 compared to the prior year. Such economic challenges could pose hurdles to the market's growth trajectory.
Hungary Container Glass Market Trends
Rising Demand For Carbonated Beverage Aids the Market
- Often associated with premium quality, glass containers have become a favoured choice among consumers, particularly in high-value and health-conscious beverage segments. As Hungarian consumers increasingly lean towards eco-friendly options—especially for speciality soft drinks and carbonated beverages—companies are poised to amplify their use of glass bottles to capture this eco-conscious market.
- In 2023, high inflation significantly pressured consumer spending, adversely affecting the soft drinks market. As a result, many consumers cut back on non-essential purchases, leading to a dip in soft drink consumption. Nevertheless, robust product innovations, such as introducing new flavours, emphasizing a healthier image, and utilizing reusable and recyclable glass bottles, have the potential to stabilize market spending.
- Hungary's youthful demographic significantly propels the carbonated soft drink market. This group is typically receptive to novel experiences and is willing to explore diverse brands and beverage flavours. Major brands have capitalized on this trend, rolling out marketing campaigns for the younger audience.
- Coca-Cola HBC stands out as a leading producer of non-alcoholic beverages in Hungary. According to a report by Coca-Cola HBC released in May 2024, the company achieved a peak net revenue of USD 559.18 million in Hungary for 2023. This figure marks the highest revenue recorded during the observed timeframe.
- In contrast, the company's net revenue hit USD 326.61 million in 2020. This growth is expected in the forecast period, depicting a robust demand for contrast bottles and containers across the market.
Glass Container's Demand Backed By Robust Perfume and Cosmetics Market
- Hungary's middle class is rising, with disposable incomes climbing, leading to a notable uptick in spending on luxury items and perfumes. Economic reforms and growth policies have improved financial stability, and purchasing power has surged.
- The country also participates in trade. According to the International Trade Center, the country exported 340,197 tons of container glass products in 2023, an increase from 322,895 tons in 2022, which indicates the need for manufacturing container glass in the country.
- Organic and natural cosmetics brands prioritize high-quality, eco-friendly packaging to resonate with their values. They favour recyclable and non-toxic glass bottles and containers that maintain the purity of organic ingredients. This preference is driving a surge in demand for glass packaging within the cosmetic sector.
- Fragrance and skincare, pivotal segments of the beauty industry, favour glass packaging. Glass not only safeguards product quality and prevents contamination but also offers an attractive and durable presentation. With the expansion of these segments, the demand for premium glass containers is on the rise.
- Eurostat data indicates that Hungary's wholesale revenue for perfumes and cosmetics is projected to climb to USD 962.11 million in 2025, a rise from USD 873.1 million in 2020. This upward trend is anticipated to continue in the coming years, driving robust demand for container glass in the perfume and cosmetics sector.
- As the beauty and personal care market expands, brands are turning to premium, eye-catching packaging as a means of product differentiation. Glass containers, synonymous with luxury and quality, are becoming the packaging of choice for skincare, perfumes, and other beauty products, further fueling the demand for glass packaging.
Hungary Container Glass Industry Overview
The Hungary Container Glass Market is consolidated and consists of a few major players, such as O-I Hungary KftA, Észak Üvért Kft., and PLASTRADE Packaging Ltd. 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.
Hungary Container Glass Market Leaders
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O-I Hungary Kft
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Észak Üvért Kft.
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PLASTRADE Packaging Ltd.
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Feemio Group Co., Ltd.
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Şişecam
*Disclaimer: Major Players sorted in no particular order
Hungary Container Glass Market News
- June 2024: Schott Pharma inaugurated a glass production facility in Lukácsháza, Hungary, with an investment of EUR 76 million (USD 80.26 million). Constructed over 1.5 years, this facility is poised to bolster the market's growth for pre-fillable syringes crafted from speciality glass, aligning with prevailing pharma megatrends. With the backing of the local government, the new facility is set to create over 120 jobs in the region.
- January 2024: To streamline the recycling process, Hungary has unveiled its new deposit return scheme (DRS) for single-use drink containers. This initiative is a collaboration between TOMRA and MOL Hulladékgazdálkodási Zrt. (MOHU), the central system administrator aims to enhance the efficiency of returning used packaging. Under the DRS, consumers can return single-use glass bottles for ready-to-drink or concentrated beverages.
Hungary 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 Hungary
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
4.6 Container Glass Furnace Capacity and Location in Hungary
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Constant Focus on Reducing Packaging Waste and Boost Eco-Friendly Packaging
5.1.2 Robust Demand For Carbonated and Other Non-Alcoholic Beverages
5.2 Market Challenge
5.2.1 High Energy Costs and Rising Inflation Rates Weigh on the Market
5.3 Analysis of the Current Positioning of Hungary in the European Container Glass Market
5.4 Trade Scenerio - Analysis of the Historical and Current Export Import Paradigm for Container Glass Industry in Hungary
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 O-I Hungary Kft
7.1.2 Észak Üvért Kft.
7.1.3 PLASTRADE Packaging Ltd.
7.1.4 Şişecam
- *List Not Exhaustive
8. LIST OF SUPPLIERS
8.1 Feemio Group Co., Ltd.
9. SUPPLEMENTARY COVERAGE - ANALYSIS OF MAJOR FURNACE SUPPLIERS TO MAJOR CONTAINER GLASS PLANTS IN HUNGARY
10. FUTURE OUTLOOK OF THE MARKET
Hungary 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 Hungary glass containers market tracks the shipment volume of different types of glass containers across end-user industries in the market.
Hungary 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 |
Hungary Container Glass Market Research FAQs
How big is the Hungary Container Glass Market?
The Hungary Container Glass Market size is expected to reach 0.49 million tons in 2024 and grow at a CAGR of 1.81% to reach 0.55 million tons by 2029.
What is the current Hungary Container Glass Market size?
In 2024, the Hungary Container Glass Market size is expected to reach 0.49 million tons.
Who are the key players in Hungary Container Glass Market?
O-I Hungary Kft, Észak Üvért Kft., PLASTRADE Packaging Ltd., Feemio Group Co., Ltd. and Şişecam are the major companies operating in the Hungary Container Glass Market.
What years does this Hungary Container Glass Market cover, and what was the market size in 2023?
In 2023, the Hungary Container Glass Market size was estimated at 0.48 million tons. The report covers the Hungary Container Glass Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hungary Container Glass Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hungary Container Glass Industry Report
Statistics for the 2024 Hungary Container Glass market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hungary 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.
