Amber Glass Market Report Overview
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global amber glass market size was USD 682.3 million in 2021 and market is projected to touch 908.14 Million by 2031, exhibiting a CAGR of 10.0 % during the forecast period.
Amber glass is a sort of slightly golden glass that is used to make bottles. Products like oils and medications that need to be shielded from light are frequently packaged in this kind of glass.
The rise in demand for amber glass bottles from the pharmaceutical, consumer goods, food and beverage, and other industries is to blame for the expansion of this industry. Compared to other types of glass containers, amber glass bottles provide higher chemical resistance and thermal shock qualities since they are composed of high-quality borosilicate or soda-lime glasses. These characteristics make them perfect for packing goods that need to be shielded against UV rays, moisture, oxygen intrusion, and other environmental elements.
One of the most reliable types of packaging for health, flavour, and environmental safety is glass. Glass packaging, which is regarded as premium, keeps the goods secure and fresh. This can guarantee its continued use in a variety of end-user sectors around the globe.
COVID-19 Impact: COVID-19 Pandemic Significantly Affected The Market Growth
Nearly every business has been impacted by the unmatched worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the projection period. In order to assure the inclusion of underlying COVID-19 concerns and potential future directions, our continuous study expands upon our research approach. The paper provides information on COVID-19 taking into account changes in consumer demand and behaviour, buying habits, supply chain rerouting, dynamics of contemporary market forces, and substantial government initiatives. Insights, analyses, projections, and predictions are provided in the revised report, which takes the market effect of COVID-19 into account.
Latest Trends
"Beverages Industry Will Share The Largest Market Growth"
Trends towards premiumization have influenced the use of glass packaging for a number of beverage categories, including soft drinks. Due to their widespread appeal across the world, soft drinks account for a sizeable portion of the industry under study. Any drinking situation may be accommodated by the large range of flavours and styles available in soft drinks.
The metal packaging sector, which includes cans, competes fiercely with the glass packaging business in the alcoholic beverage industry. Due to its use of high-end items, it is anticipated to hold onto its share over the projected period. Many beverage items, including juices, coffee, tea, soups, and non-dairy beverages, are predicted to rise.
Amber Glass Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Cartridges, Glass Vials, and Ampoules. Cartridges are anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into Pharmaceuticals, Cosmetics and Perfumery, Food and Beverages. Pharmaceuticals will be the dominating segment.
Driving Factors
"Increasing Demand For Glass Bottles Due To A Number Of Advantages"
Glass bottles are preferred by customers because to its many benefits, including bottlenecks, sanitary packaging, leak-resistant construction, and consistent wall thickness. Because to their many benefits, these bottles are used in a variety of industries, including blood banks, research labs, universities, and clinics. These applications are anticipated to drive the growth rate of the glass bottle market over the projected period. Glass packaging is expanding across a variety of industries as a result of growing customer demand for secure and healthy packaging. Moreover, cutting-edge techniques for shaping, embossing, and adding aesthetic finishes to glass increase consumer demand for glass packaging. Also, factors like the increased demand from the food and beverage industry and the desire for environmentally friendly goods both contribute to the market's expansion.
"Development And Growth In The Healthcare Industries Fuel the Market Growth"
One of the main factors driving the global demand for glass bottles is the expansion and growth of the healthcare industry everywhere, as well as rising per-capita spending in the healthcare packaging sector. Amber glass jars or bottles are frequently used to package anti-aging serums and creams with light-sensitive components like retinol and hyaluronic acid. Amber glass containers are used by cosmetic companies like L'Oréal, DECIEM's The Ordinary, Cliganic, Clarins, and others to store their anti-aging skincare products, which helps to extend the shelf life of the product. Glass bottles are a simple, cost-effective, and practical packaging solution for medical applications, which is anticipated to fuel demand for glass bottles throughout the projected period.
Restraining Factors
"Existence Of Alternative Remedies Hinder The Market Growth"
Other packaging choices, including plastic bottles and a number of others, as well as stringent laws governing product packaging are anticipated to function as significant market barriers that will impede the expansion of the glass bottle market. Moreover, problems with breakage and shipping will be the largest obstacles to the market expansion for glass bottles.
Amber Glass Market Regional Insights
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"North American Market Contributed A Higher Percentage Of Global Revenue Than Other Regional Markets"
Due to government and industry reactions to consumer demand, green packaging has become more prevalent throughout North America. Governments and regulatory agencies are concentrating on reducing the use of plastic to lessen the production of plastic garbage. Due to the explosive expansion of end-use sectors including pharmaceuticals and food & beverage, the market in North America is predicted to have considerable growth over the next years. In recent years, North American nations have dominated about half of the world's pharmaceutical market.
According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the combined sales share of the U.S. and Canada in the global pharmaceutical industry was 49.0% in 2020. The need for amber glass injection vials, ampoules, cartridges, and bottles in the area is anticipated to increase as a result.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- SCHOTT AG (Germany)
- Shandong PG (China)
- Piramal Glass (India)
- Gerresheimer (Germany)
- SGD (France)
- Ardagh Group (Luxemburg)
- Stölzle Glass Group (Austria)
- Vetropack Group (Bülach)
- Silver Spur (U.S.)
- Empire Industries (India)
- Pacific Vial Manufacturing (U.S.)
- O-I Glass (U.S.)
- Haldyn Glass (India)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 682.3 Million in 2021 |
Market Size Value By |
US$ 908.14 Million by 2031 |
Growth Rate |
CAGR of 10% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What are the key factors driving the Amber Glass market?
The market for amber glass bottles is expanding as a result of increased demand from end-use sectors such as food and beverage, cosmetics, and pharmaceuticals as well as the rising trend of sustainable packaging.
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What is the leading region in the Amber Glass market?
North America is the leading region in the Amber Glass market.
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What are the key players in the Amber Glass market?
Piramal Glass, Gerresheimer, SGD, Ardagh Group, Stolzle Glass Group, Vetropack Group, Silver Spur, Empire Industries, Pacific Vial Manufacturing, O-I Glass, Haldyn Glass are the key players in the Amber Glass market.
