The turnover of glass and glass products in the Netherlands experienced several fluctuations over the years, with values peaking in 2019 at €1.31 billion, a sharp increase of 19.23% from the previous year. The turnover slightly dipped in 2020 to €1.25 billion, followed by minor increases, stabilizing around €1.26 to €1.27 billion between 2021 and 2023. The year-on-year growth rate for 2023 was modest at 0.63%. The compound annual growth rate (CAGR) over the last five years stood at 3.04%, indicating steady but slow growth. Projections suggest the turnover will continue to grow, albeit at a slower CAGR of 0.48% through 2028.
Future trends to watch for:
- Ongoing economic factors impacting production costs and demand.
- Technological advancements in recycling and production efficiency.
- Regulatory changes related to sustainability and environmental impact.
- Shifts in consumer preferences towards eco-friendly products.
- Global market trends affecting export potential and competition.
