The turnover in Sweden’s Glass and Glass Products sector has shown a notable growth trajectory over a decade. Between 2013 and 2023, the value rose from 7.27 to 11.19 billion Swedish Kronas, demonstrating resilience despite fluctuations. Notably, the sector experienced significant drops in 2014 and 2020, but these were followed by strong rebounds in subsequent years. The year-on-year variations indicate a generally positive trend with some volatility, particularly in the middle of the last decade. Over the past five years, a steady average growth rate of 1.32% (CAGR) has been observed.
Looking ahead, forecasted data from 2024 to 2028 shows a continual growth trend with the forecasted 5-year CAGR standing at 1.62%. By 2028, the sector is expected to reach 12.39 billion Swedish Kronas, marking an 8.36% increase from 2023.
Future trends to watch for:
• Development of sustainable and energy-efficient glass products.• Advancements in smart glass technology.• Impact of global raw material supply chains.• Regulatory changes focusing on environmental impact.• Innovation in recycling processes and circular economy.