The turnover of glass and glass products in the UK has shown volatility over the past decade, peaking in 2015 with €4.69 billion and experiencing a notable decline since. In 2023, the turnover stood at €3.49 billion, representing a year-on-year decrease of 1.18%. Over the past five years, the average annual decrease (CAGR) was 0.29%. Forecasts for 2024-2028 predict a continued decrease with an average annual reduction of 1.01%, leading to a turnover of €3.27 billion by 2028.
Future trends to monitor include technological advancements in glass manufacturing, sustainability initiatives, and their impact on production costs and demand. Regulatory changes related to environmental standards and shifts in global supply chains could also significantly influence the market.
- The peak turnover was €4.69 billion in 2015- The 2023 turnover was €3.49 billion- Forecasted 5-year CAGR is -1.01%- Forecasted turnover for 2028 is €3.27 billion