India Pharmaceutical Glass Packaging Market Trends, Size, Competitive Analysis and Forecast 2020-2026

The Indian pharmaceutical glass packaging market is anticipated to grow at a CAGR of 7.7% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising pharmaceutical sector in India. As per the IBEF in 2019, the Indian pharmaceutical industry is among the top third drugs industry by volume. The industry generates annual revenue of around $38 billion. The rising pharma industry in the country allows better accessibility of the facilities across the country, which ultimately demands more drugs especially generic drugs. Thus, the increased adoption of generic drugs over the period is likely to demand advanced and safe packaging products. This, in turn, will drive the growth of the pharmaceutical glass packaging market. Besides, the country’s capabilities in formulation development, the entrepreneurial ability of the firms, and the vision of the industry to establish India’s footprint in large international markets such as the US are also encouraging the market growth.

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The Indian pharmaceutical glass packaging market is segmented on the basis of product type into bottles, vials, cartridges & syringes, and others such as ampoules. The demand for glass vials is projected to remain high during the forecast period due to its properties such as high inertness to the majority of chemicals. In addition, the vials prevent atmospheric gases such as oxygen and carbon dioxide from entering the container.

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India Pharmaceutical Glass Packaging Market Segmentation

By Product Type

• Bottles
• Vials
• Cartridges & Syringes
• Others

Company Profiles

• Ajanta Bottle Pvt. Ltd.
• BorosilCorporate AV
• Corning Inc.
• Gerresheimer AG
• Hindustan National Glass & Industries Ltd.
• Piramal Enterprises Ltd.
• Schott AG

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