According to the latest report by IMARC Group, titled “Pharmaceutical Glass Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global pharmaceutical glass packaging market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
What is the estimated value of the Global Pharmaceutical Glass Packaging Market?
The global pharmaceutical glass packaging market size reached US$ 8.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.63 Billion by 2027 exhibiting a CAGR of 7.40% during 2022-2027.
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Glass is used as a primary packaging material for several pharmaceutical products. Some commonly utilized glass packaging materials are treated soda-lime, borosilicate, regular soda-lime, and general-purpose soda-lime glass. They help preserve volatile ingredients, reduce the chances of accidental breakage, extend shelf life, and are sustainable and recyclable. In addition, various colored glasses, like amber and red-colored glass, protect the contents from specific wavelengths and ultraviolet (UV) rays and shield pharmaceutical products against air, light, and moisture damage. Owing to these properties, glass packaging is extensively adopted in the pharmaceutical industry to preserve temperature-sensitive drugs such as insulin and vaccines.
Pharmaceutical Glass Packaging Market Trends and Drivers:
The market is primarily driven by the significant expansion of the pharmaceutical industry across the globe. In addition, the increasing health awareness among individuals due to the rising prevalence of chronic diseases, including asthma, obesity, cancer, and diabetes, is contributing to market growth.
Moreover, the increasing utilization of generic drugs and the growing access to enhanced healthcare services are accelerating the product adoption rate across the globe. Besides this, the introduction of innovative product variants, such as lightweight and thin glass bottles that reduces energy and raw materials consumption, represents another major growth-inducing factor.
Along with this, various government authorities are taking favorable initiatives to promote the use of recycled glass to minimize carbon footprint, which is providing a thrust to the market growth. Furthermore, the growing disposable incomes of individuals and the increasing research and development (R&D) activities conducted by key players are also creating a positive market outlook across the globe.
Global Pharmaceutical Glass Packaging Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
What are the top players operating in the Pharmaceutical Glass Packaging Market?
Ardagh Group S.A, Beatson Clark, Bormioli Pharma S.p.A., Corning Incorporated, Gerresheimer AG, Nipro Corporation, Piramal Enterprises Ltd., Schott AG, SGD Pharma, Shandong Pharmaceutical Glass Co. Ltd., Sisecam (Türkiye Is Bankasi A.S.), Stölzle-Oberglas GmBH and West Pharmaceutical Services Inc.
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The report has segmented the market on the basis of region, product, drug type and application.
Breakup by Product:
- Bottles
- Vials
- Ampoules
- Cartridges and Syringes
- Others
Breakup by Drug Type:
- Generic
- Branded
- Biologic
Breakup by Application:
- Oral
- Injectable
- Nasal
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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