In 2023, the glass and glass products production value in Switzerland stood at 1.17 billion Euros. Looking at the forecasted data, the production value is projected to rise modestly over the coming years. From 2024 to 2025, the production value remains steady at 1.18 billion Euros. A slight increase to 1.19 billion Euros is forecast for 2026 and 2027, followed by another incremental rise to 1.20 billion Euros in 2028. This represents a minimal year-on-year growth of approximately 0.84% between 2026 and 2027 and between 2027 and 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is roughly calculated at 0.63%, indicating stable but slow growth in the sector.
Future trends to watch for include:
- Technological advancements in glass manufacturing processes
- Increasing demand for eco-friendly and sustainable glass products
- Potential market impacts due to regulatory changes and trade policies
- Shifts in consumer preferences towards smart glass applications
