The turnover in the glass and glass products sector in the Netherlands saw fluctuating trends between 2013 and 2023. In 2013, the sector experienced a slight decline, followed by modest growth in 2014 and a notable dip in 2015 and 2016. Starting from 2017, the sector showed a recovery, reaching a significant peak in 2019. Although there was a downturn in 2020, the sector stabilized in the subsequent years with gradual growth, reaching 1.27 billion euros in 2023.
From 2023 to 2028, the sector is projected to experience steady growth. Key points to watch include:
- Sustained, albeit modest, year-on-year growth at an average of 0.48% CAGR over the next 5 years.
- The glass products sector's resilience and gradual recovery post-2020 volatility.
- Potential impacts of technological advancements and environmental regulations on industry dynamics and cost structures.