Glass bottles are hugely popular for the packaging of alcoholic and non-alcoholic beverages as it preserves taste, aroma, freshness and quality of the product… It excludes assets held for rental purposes. Our reports include 15+ pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. The debt to equity ratio also provides information on the capital structure of a business, the extent to which a firm's capital is financed through debt. WRAP’s market reports provide in-depth information on the latest economic trends and developments facing the UK’s recycling industry. (Other Current Assets * 100) / Total Assets. ... British glass playa a major role in helping the glass industry to adhere to global standards in manufacturing and maintaining environmental safety. While a stronger ratio shows that the numbers for current assets exceed those for current liabilities, the composition and quality of current assets are critical factors in the analysis of an individual firm’s liquidity. Try our corporate solution for free! Industry data suggest that container output is likely to continue to grow steadily over the coming years – production is forecast to increase by 1-2 per cent per annum – although competition from other materials, such as plastic, and initiatives to lightweight glass containers, may lead to weaker growth. This ratio is a rough indication of a firm’s ability to service its current obligations. As in 2016, all glass sectors succeeded to increase or maintain their production, thanks to a revived economy mainly in the construction sector, car industry, energy, engineering and food services. Fire resistant glass used in the marine industry is forecast to amount to 294 million U.S. Examples of such liabilities include accounts payable, customer advances, etc. This percentage represents tangible or intangible property held by businesses for use in the production or supply of goods and services or for rental to others in the regular operations of the business. However, companies within the same industry may have different terms offered to customers, which must be considered. This percentage represents the total of cash and other resources that are expected to be realized in cash, or sold or consumed within one year or the normal operating cycle of the business, whichever is longer. Besides the construction industry, which represents a sizeable share of product demand, the solar industry is predicted to be a lucrative application segment for the coming years. UK Glass makes products like doors, windows, staircases, ceilings, and walls. (Net Profit + Interest and Bank Charges) * 100 / Total Assets. This percentage represents all current assets not accounted for in accounts receivable and closing inventory. The higher the percentage, the relatively better profitability is. This percentage represents all claims against debtors arising from the sale of goods and services and any other miscellaneous claims with respect to non-trade transaction. Consumer behaviour and sustainable clothing, the cost of producing glass has continued to increase, driven by rising energy costs and raw materials prices, glass recovery has increased over the past year, yet cullet consumption by UK container manufacturers remains below its peak, industry contacts indicate that shortages of high quality cullet have intensified. Roughly half of the increase came from higher amber glass production. As per the reports, the world flat glass market is expected to record 3% annual growth between 2012 and 2015 and by 2020, smart glass for use in transportation and architectural facades, privacy screens and windows is expected to reach a value of $700 million. IAG pages may contain different tables or levels of data because BLS programs produce differing levels of industry detail. The lower the positive ratio is, the more solvent the business. Recent developments in the UK glass manufacturing sector >>. US Glass Industry 2020‑2024 322 reports; Glass Production, Container Glass Production, Glass Sales, Container Glass Sales… 881 statistics; Glass Export, Glass Import, Industrial Equipment Export, Kitchenware Export… 2. Get more details on this report - Request Free Sample PDF Glass packaging industry statistics will witness promising trends in future owing to rising demand from food & beverage and pharmaceutical packaging sectors. Industry Statistics. Biggest companies in the Glazing industry in the UK, Collection Period for Accounts Receivable (Days), Revenue to Closing Inventory (Inventory Turnover), Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Constractors, Market Size Statistics for Glazing in the UK. This ratio is not very relevant for financial industries. The glass sector coverscontainer glass (60% of output in tonnage terms but about 54% in terms of value)flat glass (about 30% in both tonnage and value)domestic glass, special glass, and reinforcement glass fibresWhy the glass industry is importantEmployment - in 2012, the sector employed 100 thousand peopleLink to other sectors - the industry is interlinked with other sectors such as construction, It indicates the profitability of a business, relating the total business revenue to the amount of investment committed to earning that income. This is an efficiency ratio, which indicates the average liquidity of the inventory or whether a business has over or under stocked inventory. Because the data are assembled from different surveys and programs, they may not always be directly comparable. Moreover, the amount of cullet used by the UK container manufacturing industry remains substantially below the peak reached in 2006. Glass Manufacturing Market size was valued at USD 238.39 billion in 2018 and is estimated to exhibit around 3.8% CAGR from 2019 to 2026. This percentage represents obligations that are expected to be paid within one year, or within the normal operating cycle, whichever is longer. The main raw materials required to manufacture virgin container glass are silica sand, soda ash and limestone. The total U.S. industry market size for Flat Glass Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. The UK glass manufacturing industry produced around 4 million tonnes of glass in 2007, about 15 per cent more than in 2005. highest rates of annual reported cases were seen in the following industry groups: Manufacture of chemicals (SIC 20), Manufacture of basic metals (SIC 24 and Manufacture of fabricated metal products (SIC 25). It includes obligations such as long-term bank loans and notes payable to Canadian chartered banks and foreign subsidiaries, with the exception of loans secured by real estate mortgages, loans from foreign banks and bank mortgages and other long-term liabilities. The average hourly wage for an employee within the glass industry is $15.79 per hour. Glass Packaging Market size was recorded over USD 45 billion in 2016 and the market will grow with a CAGR more than 4.5% up to 2024. Glass industry launches new sustainability hallmark for people and planet and invites brands to join forces (Total Current Liabilities * 100) / Total Assets. *Net Working Capital = Current Assets - Current Liabilities, (Net Profit + Interest & Bank Charges) / Interest & Bank Charges), This ratio calculates the average number of times that interest owing is earned and, therefore, indicates the debt risk of a business. Being the industry authority, the GGF promotes best practice and helps shape the highest technical and health & safety standards. Valuation of net fixed assets is the recorded net value of accumulated depreciation, amortization and depletion. Get more details on this report - Request Free Sample PDF This ratio is not very relevant for financial, construction and real estate industries. Around 1.5 million tonnes of container glass were recycled in the twelve months to June 2008, 200,000 tonnes more than a year earlier. This figure represents the sum of two separate line items, which are added together and checked against a company’s total assets. The Glass and Glazing Federation (GGF) represents companies that manufacture, supply or install glass and glazing products in the UK and internationally. Indian glass industry export and import value FY 2016-2019 Indian glass industry import value FY 2019 by type Statista is a great source of knowledge, and pretty helpful to manage the daily work. A case study of Recresco, an innovative glass recycling company opening a new reprocessing plant. This percentage represents the net worth of businesses and includes elements such as the value of common and preferred shares, as well as earned, contributed and other surpluses. Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses. These industries all had rates of contact dermatitis at least treble the all-industry average. When you relate the level of sales resulting from operations to the underlying working capital, you can measure how efficiently working capital is being used. The main causes of injury The pie chart below uses accident statistics from the years 1996-2000 to set out the main causes of accidents in the glass industry as a whole. 1159512 and registered as a Company limited by guarantee in England & Wales No. (212) 419-8286. This percentage represents obligations that are not reasonably expected to be liquidated within the normal operating cycle of the business but, instead, are payable at some date beyond that time. Includes the necessary information to perform SWOT, PEST and STEER analysis. We also use third-party cookies that help us analyze and understand how you use this website. The sharp increase in green cullet prices since early 2007 is consistent with the market for green cullet no longer being in excess supply. A comparison of this ratio may indicate the extent of a company’s control over credit and collections. Want to know more about recovered materials markets? Despite an increase in glass recovery, cullet consumption by UK container glass manufacturers fell in 2007. Cellular Glass Market by Product Type, Application And Region - Global Forecast to 2025 : April 2020 $ 4950 Glass & Specialty Synthetic Fiber Market by Fiber Type, Application, End-Use Industry And Region - Global Forecast to 2024 : February 2020 $ 4950 Fiberglass Market by Glass Type, Resin Type, Product Type, Application And Region - Global Forecast to 2024 This ratio is relevant for all industries. Current liabilities are generally paid out of current assets or through creation of other current liabilities. 3. and accordingly, prices for colour-separated cullet have increased. This ratio provides an indication of the economic productivity of capital. It reflects the combined effect of both the operating and the financing/investing activities of a business. Second, rising virgin materials and energy prices, which have increased demand for cullet. This statistic shows selected figures on the United States glass product manufacturing industry as of April 2018, November 2019, and August 2020. This percentage is also known as "return on investment" or "return on equity." This percentage, also known as "return on total investment," is a relative measure of profitability and represents the rate of return earned on the investment of total assets by a business. Telecommunications contributed 15.5% of the industry’s employees in 2018, compared with 21.4% in 2009. GlassOnline is the World's leading glass industry website providing news on the glass industry since 1996 and information on glass companies by category. These glass manufacturing enterprises employed 371.6 thousand persons in the Member States in 2006, about one in four (23.4 %) of all those working in other non-metallic mineral products manufacturing … This figure represents the average value of all resources controlled by an enterprise as a result of past transactions or events from which future economic benefits may be obtained. Published 25 September 2014 Last updated 16 September 2020 — see all updates. The majority of exports from the UK are to Spain, Italy and Portugal for closed-loop recycling into wine bottles (Graph 8), with exports to Portugal in particular growing rapidly. This ratio is also known as "inventory turnover" and is often calculated using "cost of sales" rather than "total revenue." Average Total Liabilities + Average Total Equity. This is a solvency ratio, which indicates a firm's ability to pay its long-term debts. Provides Market Size information to assist with planning and strategic decisions. By looking at the total batch costs for these materials it is possible to derive a shadow price for cullet used as a substitute for these raw materials. However, although there was an increase in the amount of cullet going into remelt applications – including domestic container manufacture, glass wool and export – the majority of the increase was absorbed by the aggregates market. (All Other Assets & Adjustments * 100) / Total Assets. The global automotive glass market size was valued at USD 30.3 billion in 2019 and is expected to register a CAGR of 4.5% over the forecast period. Around 55 per cent of the glass recovered from the municipal waste stream is now collected via kerbside schemes compared with 50 per cent a year earlier. It excludes loan receivables and some receivables from related parties. The larger the ratio, the more able a firm is to cover its interest obligations on debt. Dividing the inventory turnover ratio into 365 days yields the average length of time units are in inventory. This percentage represents all other assets not elsewhere recorded, such as long-term bonds. It excludes those assets intended for sale. Escalating glass demand from packaging and construction industry will provide positive outlook for industry expansion. In January 2007, we published the first glass Market Situation Report. Examples of such items are plant, equipment, patents, goodwill, etc. This figure must match total assets to ensure a balance sheet is properly balanced. There were 17.7 thousand enterprises in the EU-27 for whom the manufacture of glass and glass products (NACE Group 26.1, hereafter referred to as glass manufacturing) was their main activity in 2005. Germany remains the EU’s biggest producer with about one fifth of the volume, closely followed by France, Spain, Italy and the UK. Industry at a Glance (IAG) tables are refreshed every time a source program releases new statistics. Guardian Glass has developed easy-to-use, advanced software for glass and glazing system analysis. Find industry analysis, statistics, trends, data and forecasts on Glazing in the UK from IBISWorld. The glass industry has today published its Decarbonisation and energy efficiency roadmap action plan – a bold blueprint of practical measures which industry and government can take to towards the progressive net decarbonisation of the glass industry.. For more information, jump directly into this chapter using the menu below: The increase in the municipal collection rate continues to be driven by an increase in kerbside collections. Increasing emphasis on lightweight cars on account of rising harmful emissions from vehicles that have an adverse effect on the environment drives the glass penetration in the automotive industry. After a period of stability in 2007, prices for colour-separated cullet have increased in recent months. Mixed cullet prices, meanwhile, have received support from strong export and aggregate demand. Market contacts indicate that this reflects a number of factors. Glass Analytics™ online tools offer a comprehensive suite of engineering and analytical reports that demonstrate the advantages of high-performance glass in building facades. UK Glass is one of the UK’s leading designers, manufacturers and installers of glass structures. This percentage represents tangible assets held for sale in the ordinary course of business, or goods in the process of production for such sale, or materials to be consumed in the production of goods and services for sale. 2.5% of the UK’s employees worked in the arts, entertainment and recreation industry in 2018 (2017: 2.5%). By continuing to use this website you agree to the use of these technologies. Occupational cancer This is a solvency ratio indicating a firm's ability to pay its long-term debts, the amount of debt outstanding in relation to the amount of capital. Exports of cullet from the UK have increased sharply in recent years. Market Size & Industry Statistics. This ratio is also known as "times interest earned.". Each report focuses on a different material stream and is presented in a compact, easily digestible format. The UK glass manufacturing industry produced around 4 million tonnes of glass in 2007, about 15 per cent more than in 2005. This percentage represents all current loans and notes payable to Canadian chartered banks and foreign bank subsidiaries, with the exception of loans from a foreign bank, loans secured by real estate mortgages, bankers acceptances, bank mortgages and the current portion of long-term bank loans. Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain. Overall, the UK’s industrial sector has increased by 1.4% a year since 1948, according to a recent report from the Office for National Statistics (ONS). This update considers how the market for recovered glass (cullet) in the UK has since been impacted by developments in the UK glass manufacturing sector, collection trends and prices of cullet and packaging recovery notes (PRNs). Between 2005 and 2007, container glass production increased by around 200,000 tonnes to 2.3 million tonnes. UK business growth, survival and change over time. Because it reflects the ability to finance current operations, working capital is a measure of the margin of protection for current creditors. England is responsible for the vast majority of UK Get up to speed on any industry with comprehensive intelligence that is easy to read. Roughly half of the … Purchase this report or a membership to unlock the average company profit margin for this industry. Total UK WfH generation was 26.4 million tonnes in 2018, a decrease of 1.8% from 26.9 million tonnes in 2017. First, a shortage of high-quality colour-separated cullet, which is attributed to the growth in mixed-colour and comingled kerbside collections. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. This figure expresses the average number of days that receivables are outstanding. (Current Bank Loans * 100) / Total Assets. This percentage represents the obligations of an enterprise arising from past transactions or events, the settlements of which may result in the transfer of assets, provision of services or other yielding of economic benefits in the future. IBISWorld reports on thousands of industries around the world. With a series of exclusive industry figurehead interviews alongside an expanded technology section, articles from 25 different countries in the November/December issue of Glass Worldwide offer a truly global update of the hollow, flat and speciality glass sectors. The lower the ratio, the more solvent the business is. (Other Current Liabilities * 100) / Total Assets, (Long-Term Liabilities * 100) / Total Assets. This percentage indicates the profitability of a business, relating the business income to the amount of investment committed to earning that income. The higher the percentage, the better profitability is. This statistic shows the market revenue of automotive glass in the United States in 2014 and 2015, with forecasted figures for 2016 to 2025. With this IBISWorld Industry Research Report on , you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions. (Net Tangible & Intangible Assets * 100) / Total Assets. (Accounts Receivable * 100) / Total Assets. UK businesses registered for VAT and PAYE with regional breakdowns, including data on size (employment and turnover) and activity (type of industry), research and development, and business services. Glass Industry Current Trends. The glass industry utilizes 250 trillion but every year in order to create the 20 million tons of glass that is produced annually. Between 2005 and 2007, container glass production increased by around 200,000 tonnes to 2.3 million tonnes. ... Statistics on " Glass industry" 4125764. Generally, the higher the current ratio, the greater the "cushion" between current obligations and a firm’s ability to pay them. Further information can be obtained from British Glass, Northumberland Road Sheffield, S10 2UA or The Glass and Glazing Federation, 44-48 Borough High Street, London, SE1 1XB. Its high-quality glass products are used in both domestic and commercial setups. Take a look at our reports, guides, tools and case studies for further information: Reports >>Guides >>Tools >>Case studies >>, Collections and reprocessing >>Recovered materials markets >>, 30% glass containers produced in the UK have an average recycled content of 30 per cent, 385,000 glass recycling saved around 385,000 tonnes of CO2 emissions over the past year, equivalent to taking more than 120,000 cars off the road. UK statistics on waste Figures compiled on the total waste generated for the whole of the UK. Arts, entertainment and recreation. However, the number of local authorities with kerbside glass collection schemes has remained unchanged over the past year at around 300, representing 70 per cent of the UK’s local authorities. LEARN MORE, IBISWorld is used by thousands of small businesses and start-ups to kick-start business plans, Spend time growing your business rather than digging around for industry ratios and financial projections, Apply for a bank loan with the confidence you know your industry inside and out, Use IBISWorld’s industry ratios and benchmarks to create realistic financial projections you can stand behind. Indicates relative capital investment structure planning and strategic decisions and some receivables from related parties equipment patents. Liquidity of the UK ’ s control over credit and collections generation was million! Added together and checked against a company ’ s Total Assets 2019, and walls and planning and kerbside... The marine industry is $ 15.79 per hour known as `` return on investment or. Stability in 2007, about 15 per cent more than in 2005 and collections compiled on the industry! Indicate that this reflects a number of factors the 20 million tons of glass.! 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