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Glass & Glass Product Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 231 August 2024 Spotlight Report

Revenue

€72.5bn

2019-2024 5.3 %
2024-2029 X.X %

Employees

506k

2019-2024 3.6 %
2024-2029 X.X %

Businesses

21,168

2019-2024 2.5 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Glass & Glass Product Manufacturing in Europe industry analysis

Flat glass and glass products are key materials throughout downstream industrial and construction markets, with glass bottles and containers also widely used by food and beverage manufacturers. Glassmakers across Europe rely on activity in these downstream markets, with high fixed costs associated with glass production dictating that small changes in output can substantially impact profitability.

European coverage with a localised twist

  • Market estimates from 2014-2029
  • Detailed reports analysing industry performance, market dynamics and company data, compared across countries
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Industry Statistics and Trends

Glass & Glass Product Manufacturing in Europe key trends

Energy price rises spur panic throughout the supply chain.

 

Extraordinary increases in the price of natural gas have spurred significant price hikes among glassmakers.

A slowdown in industrial activity weighs on demand.

 

A widespread economic slowdown has spurred contractions in key downstream markets, including major construction markets.

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Glass & Glass Product Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Glass & Glass Product Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 5.3 % over the past five years, to reach an estimated €72.5bn in 2024.

Trends and Insights

Soaring wholesale gas prices have shattered glassmakers’ finances

  • Soaring natural gas prices caused the European industry to buckle in the aftermath of Russia’s invasion of Ukraine, with glassmakers particularly vulnerable to the effects of increases of more than 500% in natural gas prices, with EU glass and glass product manufacturers relying on natural gas for 74% of their overall energy needs in 2021 according to Eurostat data.

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Glass & Glass Product Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

A protracted return to economic growth is set to maintain sluggish demand

  • In September 2023, the ECB downgraded its forecast for economic growth in the Euro area to 1.5% in 2025, with economic growth in Europe continuing to lag behind the global economy.

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Revenue

€72.5bn

2019-2024 5.3 %
2024-2029 X.X %

Employees

506k

2019-2024 3.6 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 3.6 % *
  • Job Growth

Top 5 Countries

  1. Serbia +13.3%
  2. Romania +12.4%
  3. Bosnia & Herzegovina +8.7%
  4. Turkey +8.3%
  5. Poland +7.8%

Bottom 5 Countries

  1. Finland -7.3%
  2. Estonia -3.6%
  3. Luxembourg -3.5%
  4. Denmark -3.3%
  5. Iceland -2.2%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Glass & Glass Product Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Saint-Gobain SA
56,529.0
5,487.0
9.7
Ardagh Group SA
8,679.6
865.6
10.0
Turkiye Sise Ve Cam Fabrikalari AS
6,104.9
1,117.2
18.3

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Glass & Glass Product Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Glass & Glass Product Manufacturing industry in Europe in 2024?

The market size of the Glass & Glass Product Manufacturing industry in Europe is €72.5bn in 2024.

How many businesses are there in the Glass & Glass Product Manufacturing in Europe industry in 2024?

There are 21,168 businesses in the Glass & Glass Product Manufacturing industry in Europe, which has grown at a CAGR of 2.5 % between 2019 and 2024.

Has the Glass & Glass Product Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Glass & Glass Product Manufacturing industry in Europe has been declining at a CAGR of 5.3 % between 2019 and 2024.

What is the forecast growth of the Glass & Glass Product Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Glass & Glass Product Manufacturing industry in Europe is expected to grow.

What does the Glass & Glass Product Manufacturing in Europe include?

Flat Glass and Processed Glass are part of the Glass & Glass Product Manufacturing industry.

Which countries have the most businesses in the Glass & Glass Product Manufacturing industry in Europe?

The European country with the most businesses in the Glass & Glass Product Manufacturing industry is Italy.

How competitive is the Glass & Glass Product Manufacturing industry in Europe?

The level of competition is high and steady in the Glass & Glass Product Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

The industry includes the manufacturing of glass in all forms, made by any process and the manufacture of articles of glass. Products manufactured include flat glass, toughened flat glass, glass rods, glass mirrors, glass bottles, drinking glasses and glass fibres.

Related Terms

LAMINATED GLASS CULLETTOUGHENED GLASS

What's included in this industry?

Flat GlassProcessed GlassHollow GlassGlass FibresOther Glass

Companies

Saint-Gobain SAArdagh Group SATurkiye Sise Ve Cam Fabrikalari AS

Industry Code

ISIC 2006

231 - Manufacture of glass and glass products in Europe

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Performance

Key Takeaways

Soaring wholesale gas prices have shattered glassmakers’ finances

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Glass & Glass Product Manufacturing in Europe industry (2011 -2029)
  • Employees in the Glass & Glass Product Manufacturing in Europe industry (2011 -2029)
  • Business in the Glass & Glass Product Manufacturing in Europe industry (2011 -2029)
  • Profit in the Glass & Glass Product Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Glass & Glass Product Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Glass & Glass Product Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Glass & Glass Product Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Glass & Glass Product Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Trends in retail drive demand for glassmakers. Food and beverage manufacturers are the largest downstream market for glass product manufacturers, so trends in private consumption dictate output.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Glass & Glass Product Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Glass & Glass Product Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Glass & Glass Product Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The degree of concentration varies depending on the type of operation. Flat glass manufacturing operations are highly concentrated, while glass product manufacturing operations are more fragmented due to the variety of products manufactured.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Saint-Gobain SA
  • Countries of operation for Ardagh Group SA
  • Countries of operation for Turkiye Sise Ve Cam Fabrikalari AS
  • Countries of operation for AGC Inc
  • Countries of operation for Verallia SA
  • Countries of operation for O-I Glass Inc
  • Countries of operation for Nippon Sheet Glass Co Ltd
  • Countries of operation for Vidrala SA
  • Countries of operation for Schott AG
  • Countries of operation for Vetropack Holding SA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Glass manufacturing is highly regulated. Glassmakers are subject to strict regulations relating to production safety standards, environmental regulations and building regulations.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Glass & Glass Product Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Soaring energy costs have posed a major threat to bottom lines. Huge increases in wholesale energy prices have placed significant pressure on glassmakers, with many forced to hike prices to maintain output.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Glass & Glass Product Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.