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The global amber glass packaging market is expected to witness strong growth during the forecast period, between 2021 and 2031.
Amber glass has been used in packaging different liquid products such as capsules, syrups, and tablets to offer protection from sunlight and assist in increasing their shelf life. Amber glass has emerged as suitable product to offer protection from light-sensitive products and are available in different colors such as blue and green.
The future for amber glass packaging market seemed optimistic, but the outbreak of the COVID-19 pandemic negatively impacted growth in global amber glass packaging market. Increasing number of cases worldwide led to imposition of strict restrictions and lockdowns in leading economies globally which reduced the sales of alcoholic beverages and reduced the demand for amber glass packaging and lowered the market growth.
However, with most population sections vaccinated twice and approval given to the use of third booster dose, it is expected that sales of alcoholic beverages will increase, which could augment the growth in global amber packaging market, in future.
Rising government initiatives towards sustainable packaging solutions is the key growth driver of global amber glass packaging market.
Also, increasing demand for eco-friendly packaging solutions is expected to help create revenue-generating opportunities for prominent players in global amber glass packaging market, in the coming years.
In addition to this, increasing consumption of alcoholic products such as wine and beer could stimulate the growth in overall amber glass packaging market, in the years to come.
Other factors such as rapid urbanization, especially in developing economies as well as rising disposable income could also help create revenue-generating opportunities for players in overall amber glass packaging market, in the years ahead.
Bottles product segment is expected to emerge as largest contributor, in terms of revenue, to overall market because of increasing use of amber glass bottles to store alcoholic beverages in prominent countries worldwide.
Pharmaceutical application segment is anticipated to emerge as largest revenue contributor to overall amber glass packaging market owing to rising demand for amber glass packaging solutions to store drugs formulated with APIs in leading economies globally.
The global amber glass packaging market is competitive, with the presence of numerous leading players. Many of these players are expected to account for a large share in overall market, in future.
R&D undertakings to produce improved solutions could be key, revenue-generating growth strategy for leading players in global market, in the coming years.
Other strategies such as signing of collaborative agreements with smaller players could help well-established market players in expanding their presence in global market and increasing their revenue shares.
Few leading players in global market include Pacific Vial, Piramal Enterprises Ltd., Ardagh Group S.A., and Origin Pharma Packaging.
The global amber glass packaging market is classified into four regions, namely, North America, Asia Pacific, Europe, and rest of the world.
North America is expected to offer maximum revenue-generating opportunities for players in global amber glass packaging market because of rising consumption of alcoholic beverages such as wine in countries such as the U.S. and Canada.
Europe is anticipated to witness significant growth in global market in future because of increasing demand for amber glass packaging during the post-pandemic phase in countries such as Germany and the U.K.
Asia Pacific is expected to witness moderate growth in global market in future owing to reduced demand for amber glass packaging in both developed and developing economies such as China and India.
The rest of the world is expected to witness sluggish growth in overall market, in future.
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Amber Glass Packaging Market
