Market Overview:
According to the latest report, the global pharmaceutical glass packaging market size reached US$ 8.05 Billion in 2021. It is projected to reach a value of US$ 12.63 Billion by 2027 exhibiting a CAGR of 7.40% during 2022-2027.
Packaging refers to ensuring security, information convenience, distinctive appearance, identification, and compliance for goods during storage, display, and transportation. Commonly available pharmaceutical glass packaging solutions include surface-treated soda-lime glass, ultra-resistant borosilicate glass, regular soda-lime glass, etc. They assist in eliminating the risk of impurities in the medicines. These solutions also extend the shelf-life of pharmaceutical products and prevent the escape of volatile ingredients, which increases drug stability. Colored glass, such as red-colored and amber, is also used to protect the contents from ultraviolet rays and specific wavelengths. As a result, pharmaceutical glass packaging finds widespread applications across various sectors, such as food and beverage (F&B), cosmetics, medical, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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| Market Size Value in 2021: | US$ 8.05 Billion |
| Growth Rate: | CAGR of 7.40% from 2022 to 2027 |
| Market Outlook: | 2022-2027 |
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Global Pharmaceutical Glass Packaging Market Trends and Drivers:
The expanding healthcare industry is among the primary factors driving the pharmaceutical glass packaging market. Besides this, the elevating requirement for generic drugs and injectables is further augmenting the market growth. Apart from this, the escalating prevalence of chronic diseases and the growing health consciousness among individuals are also catalyzing the global market.
Moreover, the launch of various policies by the government bodies to encourage the usage of recycled glass to minimize the carbon footprint and ensure a safer and greener environment is acting as another significant growth-inducing factor.
Furthermore, the introduction of thin and lightweight glass bottles by the leading manufacturers to reduce the consumption of raw materials and energy is expected to bolster the pharmaceutical glass packaging market in the coming years.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the 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., Stölzle-Oberglas GmBH and West Pharmaceutical Services Inc.
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
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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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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