Pharmaceutical Glass Packaging Market Insights:
The Pharmaceutical Glass Packaging Market size was valued at USD 18.25 Billion in 2022, expecting a CAGR of 9.5% during the forecast period (2023-2030), and the market is projected to be worth USD 37.72 Billion by 2030.
Driver:
The increased adoption of Pharmaceutical Glass Packaging in the Pharmaceuticals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Pharmaceutical Glass Packaging also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Pharmaceutical Glass Packaging in many sectors also boosts the market growth during the forecast period.
The pharmaceutical glass packaging market refers to the segment of the packaging industry that provides glass containers and other packaging materials for the pharmaceutical industry. Glass is a preferred packaging material for pharmaceutical products because of its chemical stability, impermeability, and inertness. The pharmaceutical glass packaging market is driven by factors such as increasing demand for pharmaceutical products, stringent government regulations regarding drug safety, and the growing adoption of biologics and biosimilars.
Pharmaceutical Glass Packaging Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Vials, Small vials, Large vials, Bottles, Small bottles, Large bottles, Cartridges & Syringes, Ampoules), By Drug Type (Generic, Branded, Biologic), and companies (Corning Incorporated, Nipro Corporation, SGD S.A, Stoelzle Oberglas GmbH, Bormioli Pharma S.p.A., West Pharmaceutical Services, Inc., Schott AG, Gerresheimer AG, Shandong Medicinal Glass Co., Ltd., Beatson Clark, Ardagh Group S.A, Arab Pharmaceutical Glass Co., Piramal Enterprises Ltd., Şişecam Group, Owens-Illinois, Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 9.5%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 37.72 Billion |
| CAGR (2023-2030) | 9.5% |
| By Product | Vials, Small vials, Large vials, Bottles, Small bottles, Large bottles, Cartridges & Syringes, Ampoules |
| By Drug Type | Generic, Branded, Biologic |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Corning Incorporated, Nipro Corporation, SGD S.A, Stoelzle Oberglas GmbH, Bormioli Pharma S.p.A., West Pharmaceutical Services, Inc., Schott AG, Gerresheimer AG, Shandong Medicinal Glass Co., Ltd., Beatson Clark, Ardagh Group S.A, Arab Pharmaceutical Glass Co., Piramal Enterprises Ltd., Şişecam Group, Owens-Illinois, Inc. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Pharmaceutical Glass Packaging market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Corning Incorporated, Nipro Corporation, SGD S.A, Stoelzle Oberglas GmbH, Bormioli Pharma S.p.A., West Pharmaceutical Services, Inc., Schott AG, Gerresheimer AG, Shandong Medicinal Glass Co., Ltd., Beatson Clark, Ardagh Group S.A, Arab Pharmaceutical Glass Co., Piramal Enterprises Ltd., Şişecam Group, Owens-Illinois, Inc.
Market Segment Analysis:
By Product
- Vials
- Small vials
- Large vials
- Bottles
- Small bottles
- Large bottles
- Cartridges & Syringes
- Ampoules
By Drug Type
- Generic
- Branded
- Biologic
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Pharmaceutical Glass Packaging industries in the region.
Key Pharmaceutical Glass Packaging Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Pharmaceutical Glass Packaging Market segments.
– Largest Market Share Held by Industry to Industry for Pharmaceutical Glass Packaging
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Pharmaceutical Glass Packaging Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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