Get ready for a glass shortage: The unexpected effects of the energy crisis

Innovation being explored

clock • 4 min read

Plastic champagne bottles, plastic jam jars and long waiting lists for luxury glass items may all become part of daily life as a result of the energy crisis.

Glass manufacturers are heavy energy users, so have been hard pressed by the rapidly escalating costs of oil and gas. They are currently having to put up the prices of their products by around 35%, although this may have to rise further. The concern is that passing this cost on to the consumer means prices will have to rise in a way that makes glass packaging, especially for food and drink, too expensive and consumers will demand cheaper alternative packaging, such as wine boxes, plastic bottles and plastic food containers.  Despite this, glass is completely recyclable, so remains one of...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Commodities

Deep Dive: Copper supply squeeze offers potential for gold-busting returns

Deep Dive: Copper supply squeeze offers potential for gold-busting returns

‘Significantly more attractive’

clock 05 April 2024 • 4 min read
Four Graphs explaining silver

Four Graphs explaining silver

Four experts write

Investment Week
clock 28 March 2024 • 2 min read
Charles Stanley Direct: Explaining the gold spike

Charles Stanley Direct: Explaining the gold spike

Reaching a record high

Rob Morgan
clock 05 December 2023 • 4 min read
Trustpilot