The turnover for the glass and glass products industry in Sweden showed significant fluctuations over the last decade, noticeably declining by 19.27% in 2014 but later recovering with a 33.54% increase in 2016. The industry saw steady growth until peaking at 1020 million euros in 2017 and 2018. After a contraction in 2019 and 2020, a gradual recovery followed with a year-on-year growth of 3.97% in 2023, where the turnover stood at 1010 million euros. Over the five years leading up to 2023, the industry experienced negative average growth with a CAGR of -0.2%.
The forecast period from 2024 to 2028 is expected to see a moderate growth trend, with the turnover projected to reach 1090 million euros by 2028, representing a 1.26% average annual growth rate or a 6.46% total growth over the five years.
Future trends to watch for:
- Technological advancements in glass manufacturing processes.
- Regulatory shifts impacting production and environmental standards.
- Emerging demand in sectors such as renewable energy and smart glass applications.
- Market consolidation and strategic alliances within the European glass industry.
