Steady production growth recorded in Europe

According to FEVE, production of glass packaging for food and beverages continues to grow in Europe. The increase of 2.0% in tonnes and 1.9% in units (representing an increase of 748 million units) recorded in the first half year 2019 corresponds to the industry’s best performance over the past four years. From 2016 to 2019, half year production increased by 3.5%. The pace of growth is especially positive when comparing to the previous year, where the increase was lower (1%).

The strong growth is particularly noteworthy given broader macroeconomic trends in the EU, according to consultancy Vivid Economics. “2019 was a challenging year for many major European economies” says Paul Sammon, Industry Lead at Vivid Economics, which reports and analyses data for FEVE. “However, container glass’ impressive production and sales figures are indicative of a healthy, robust and dynamic industry. The increase in growth suggests the sector remains an attractive one for customers and investors and that container glass will be central to a sustainable, circular economy.”

“Today, growth opportunities for brands are into the ability to combine what is good for the environment with what is good for consumers” commented Michel Giannuzzi, President of FEVE. “This increased demand for glass reflects the increasing consumer quest for a healthy and sustainable lifestyle also when it comes to packaging choice.”

www.feve.org

Published: 
30/01/2020

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