Light Resistant Containers Market Outlook (2022-2032)
Following a CAGR of 5.0% from 2022 to 2032, the market is expected to reach US$ 99.46 billion in 2032 from US$ 61.06 billion. Increased customer interest in green, clean, and sustainable food and beverage packaging is the primary factor propelling the global light resistant containers market. Because they can't break down in sunlight, consumers are increasingly interested in purchasing light-resistant containers.
Attributes
Details
Light Resistant Containers Market CAGR
5%
Light Resistant Containers Market (2022)
US$ 61.06 Bn
Light Resistant Containers Market (2032)
US$ 99.46 Bn
The billion-dollar light resistant containers sector has been changed by the COVID-19 pandemic, which has altered the megatrends that have been influencing it. These megatrend changes are likely to have far-reaching effects on light resistant containers design as the globe finds its way through and begins to emerge from the big public-health and economic crises.
To adapt to these shifts and the coming normal, light resistant containers manufacturers will need to rethink light resistant containers design beyond the traditional "must-haves" of low price, high efficiency, and high convenience.
First, a compelling story about the product's sustainability, second, designing with cleanliness in mind considering recent increased consumer-safety concerns; and third, designing for e-commerce, ship-ready design, and direct-to-consumer models.
These megatrend changes and the ensuing design challenges present an opportunity for light resistant containers converters to expand their businesses by assisting their customers in updating their packaging portfolios with more effective designs, provided the business is prepared for the change and has the necessary resources for innovation.
Research by Future Market Insights suggests five key steps that businesses can take to get the ball rolling on the journey toward a new approach to light resistant containers design, which will help them succeed in the future and stay ahead of the competition.
Packaging converters are likely to follow these five steps to bring light resistant containers designs into harmony with the changing trends.
Defining how megatrends will affect end-use areas. Establishing clear strategic priorities and road maps to determine which clients need immediate package redesign and development help.
Prioritizing consumer safety when designing light resistant containers. Consider how you can construct a winning approach by utilising resources efficiently.
Developing e-commerce designs. Stronger, more economical light resistant containers and business-exciting designs will be needed.
Creating a captivating tale about sustainability commitment. Manufacturers are now using smart light resistant containers and cutting-edge technologies to reduce waste and promote recycling. It's important to compare the pros and cons of different light resistant containers substrates, evaluate the light resistant containers' environmental impact from manufacture to disposal and consider each option's costs and benefits.
As the new megatrends transform the market, light resistant containers innovations will be in the limelight in the future. The best designs will consider not only the usual considerations of price, performance, and usability but also the specific requirements of the internet channel, sustainability, and cleanliness.
These design obstacles, if properly prioritised, might fuel explosive expansion. Conversely, converters that do nothing will fall behind their faster-moving contemporaries.
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Light Resistant Containers Market Overview
Light resistant containers keep the content safe from the effect of light owing to the material’s scientific properties of which it is composed, including any type of coating applied to it. A transparent light resistant container is widely used to store the medicinal agents includes capsules, tablets, etc. Light resistant containers are used in pharmaceutical industry to protect them from photochemical deterioration.
Light resistant containers help to reduce light transmission adequately to protect any light sensitive medicinal product. In addition, the Light resistant container should meet the USP (U.S. Pharmacopeial Convention) reference standard to accept the light transmission limit at any wavelength of light between 290 and 450 nm.
Light resistant containers also have high demand in food and beverages industry. Furthermore, red glass and amber glass are more effective to resist the sunlight to protect the contents.
Global light resistant containers market: Dynamics
The key driving factor of global light resistant containers market is rising demand for green pure and sustainable food & beverage packaging among consumers. Light resistant containers remain chemically inert, pure and safer to be used, their demand and popularity and demand is significantly rising among consumers.
Technological advancement in light-resistant containers is also a major driving factor of global light resistant containers market, owing to protect the contents from ultraviolet rays, deterioration and getting fade. The rapidly growing pharmaceutical industry will help to grow the light resistant containers market across the globe due to high usage of medicines across the globe.
Furthermore, significant growth in chemical industry and cosmetics industry are also the major driving factors for the light resistant containers market across the globe, owing to the high consumption of cosmetics among consumers. Significant growth in the healthcare and packaging industry acts as the key driver in the global light resistant containers market.
In addition, the recyclable property of light resistant containers is another major factor which makes it the most preferred choice of packaging and helps to grow the light resistant containers market over the forecasted period.
The key restraining factor of global light resistant containers market is to meet the USP reference standard due to a high protection of content from an effect of light. Light resistant containers embedded with smart devices is the key trends of global light resistant containers market.
Find your sweet spots for generating winning opportunities in this market.
Global light resistant containers market: Regional Outlook
Based on the geographies, global light containers market is segmented into seven regions globally such as Eastern Europe Western Europe, North America, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. Among the regions as mentioned above, North America accounts the high market share in light-resistant containers market across the globe due to a high demand for light resistance packaging for medicinal contents.
Asia-pacific is predicted to witness high growth rate in the global light resistant containers market, attributed to rapid growth of pharmaceutical industry in this region. In addition, Japan is also a high growing market for cosmetics along with pharmaceutical industry which will help to grow the light resistant containers market across the globe. The Middle East and Africa region are one of the highest oil producing region.
So, MEA region is estimated to see a positive growth rate in light-resistant containers market across the globe, owing to a high demand for light-resistant containers for chemical along with the petrochemical industry. Furthermore, Western Europe is also estimated to a positive growth rate in global light containers market due to high demand for light resistant packaging in pharmaceuticals and chemical industry.
Few prominent player of global light containers market as follow
The Bengal Glass Works Limited
Ghani Glass Limited
Balochistan Glass Ltd.
Misr Glass Manufacturing Company S.A.E
Centor
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global light resistant containers market: Segmentation
Global light resistant containers market can be segmented by material type, end-use industry and region type
Global light resistant containers market can be segmented by end-use type as follows:
Pharmaceutical Packaging
Food & Beverage Packaging
Cosmetics & Perfumery
Other (consumer products) packaging
Global light resistant containers market can be segmented by glass type as follows:
