Overview and Scope
Pharmaceutical glass packaging refers to a type of glass container which is prepared by a combination of different materials that are designed to ensure the safe transportation of various acidic and medical items. The use of glass in pharmaceutical packaging has many benefits, as glass is incredibly resistant to temperature changes.
Sizing and Forecast
The pharmaceutical glass packaging market size has grown strongly in recent years. It will grow from $13.8 billion in 2023 to $15.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing pharmaceutical production, stringent regulations and quality standards, preference for glass's inert nature, global aging population, rise in chronic diseases.
The pharmaceutical glass packaging market size is expected to see rapid growth in the next few years. It will grow to $22.16 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to continued growth in pharmaceutical sector, advancements in drug delivery, focus on sustainable packaging, demand for biopharmaceuticals, global healthcare infrastructure development. Major trends in the forecast period include growing popularity of ready-to-use packaging, shift towards biodegradable packaging, expansion of emerging markets, collaborations and partnerships.
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Segmentation & Regional Insights
The pharmaceutical glass packaging market covered in this report is segmented –
1) By Product: Ampoules, Bottles , Vials, Syringes, Cartridges, Other Product Types
2) By Drug Type: Generic, Branded, Biologic
3) By Material: Type I, Type II, Type III
4) By Application: Oral, Injectable, Nasal, Other Applications
North America was the largest region in the pharmaceutical glass packaging market in 2023. The regions covered in the pharmaceutical glass packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth of the pharmaceutical industry is expected to propel the growth of the pharmaceutical glass packaging market going forward. The pharmaceutical industry refers to the discovery, development, and manufacture of medications and drugs. Pharmaceutical glass packaging is used to pack and store medicines, strong alkalis, and acids. For instance, in 2021, according to the Indian Brand Equity Foundation, an India-based government agency, the Indian pharmaceutical market increased by 17.7% annually, and the market revenue is expected to be over 12% in 2022. Therefore, the growth of the pharmaceutical industry is driving the growth of the pharmaceutical glass packaging market.
Key Industry Players
Major companies operating in the pharmaceutical glass packaging market report are AGC Inc., Berry Global Inc., Corning Inc., Şişecam, Ardagh Group S.A., Teijin Pharma Ltd., O-I Glass Inc., Hoya Corporation, Albéa Group, Nipro Corp, Aptar Group Inc., Bormioli Pharma SpA, Gerresheimer AG, Piramal Enterprises Ltd., Wheaton Industries Inc., Shandong Pharmaceutical Glass Co Ltd., Hindusthan National Glass & Industries Limited, Quadpack, Yoshino Glass Co Ltd., Stolzle Glass Group, West Pharmaceutical Services Inc., Schott AG, Beatson Clark, Arab Pharmaceutical Glass Co, Acme Vial & Glass Co, United Glass Company, SGD SA, Yamamura Glass Co Ltd., Toyo Glass Co Ltd., NEG Group Co Ltd.
The pharmaceutical glass packaging market report table of contents includes:
1. Executive Summary
2. Pharmaceutical Glass Packaging Market Characteristics
3. Pharmaceutical Glass Packaging Market Trends And Strategies
4. Pharmaceutical Glass Packaging Market - Macro Economic Scenario
5. Global Pharmaceutical Glass Packaging Market Size and Growth
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32. Global Pharmaceutical Glass Packaging Market Competitive Benchmarking
33. Global Pharmaceutical Glass Packaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pharmaceutical Glass Packaging Market
35. Pharmaceutical Glass Packaging Market Future Outlook and Potential Analysis
36. Appendix
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