Pharmaceutical Glass Tubing Market Size, Trends, Analysis, Leading Players and Future Forecast by 2025

The Pharmaceutical Glass Tubing market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers detailed market analysis to provide a 360-degree research study on the global Pharmaceutical Glass Tubing market. Some of the tools used for this are SWOT, PESTEL and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Pharmaceutical Glass Tubing from 2021 till 2026.

Glass is one of the most widely used packaging materials in the pharmaceutical industry. Most of the primary packaging products, such as ampoules, vials, and syringes, in the industry are made up of glass material. Pharmaceutical tubing is primarily used as a raw material by the pharmaceutical packaging players to manufacture the end-user primary packaging products.

The healthcare and pharmaceutical sector in China is one of the world's largest markets, primarily driven by its ageing population. Also, glass production is significant in the region, with the export value of glass products in the country was around USD 6.6 billion in 2018 alone according to the National Bureau of Statistics of China.

market was valued at USD 13.47 billion in 2020, and it is projected to reach USD 19.61 billion by 2026, and grow at a CAGR of 6.5% over the forecast period (2021 - 2026)

Top leading Manufactures Profiled in Pharmaceutical Glass Tubing Market Report are:

Schott, Nipro Pharma Corporation, Corning Incorporated, Nippon Electric Glass, Accu-Glass, Richland Glass, Cang Zhou Four-star Glass, LINUO Group, DWK Life Sciences, Puyang New Harmony Industrial Development, Shandong Pharmaceutical Glass

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The healthcare and pharmaceutical sector in China is one of the world's largest markets, primarily driven by its ageing population. Also, glass production is significant in the region, with the export value of glass products in the country was around USD 6.6 billion in 2018 alone according to the National Bureau of Statistics of China.

Market News and Update

-April 2020 - Corning Inc. supported China’s effort to help mitigate the impact of COVID-19 on the regional pharmaceutical supply chain by donating its Type I borosilicate glass tubing. This high-quality tubing will be converted into 5 million to 10 million ampoules and vials that will then be supplied to the Chinese pharmaceutical companies for parenteral packaging of drug therapies.

-February 2020 - Piramal Glass Ltd announced an investment of INR 300 Crores (USD 42 million) in its greenfield project in Jambusar, Gujarat, India. The expansion plan includes 1 new furnace with 7 new manufacturing lines across 300,000 sq. ft. plant, catering primarily to high-end specialty spirit, food & beverage and pharmaceutical markets primarily for exports to countries in Asia, Europe, and the United States.

Global Pharmaceutical Glass Tubing Market Split by Product Type and Applications:

Market Research Study Focus on these Types:

Up to 40mm
40mm-80mm
80mm-120mm
More than 120mm

Market Research Study Focus on these Applications:

Bottles
Ampoules
Vials
Syringes
Others

Regional Analysis for Pharmaceutical Glass Tubing Market:

For a comprehensive understanding of market dynamics, the global Pharmaceutical Glass Tubing market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

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Global Pharmaceutical Glass Tubing Market: Competitive Landscape

The pharmaceutical glass tubing market is highly consolidated with the three market players i.e. Corning Pharmaceutical Glass, Schott AG, and Nipro Pharmaceutical Packaging. All of these companies together account for more than 30% market share in the pharmaceutical glass tubing market. Due to high growth in the demand for the pharmaceutical parental packaging products, the pharmaceutical glass tubing market will witness an impressive CAGR of 5%-6% in the next 6-7 years. However, it is little difficult for the new entrants to capture significant market share in the market due to the predominance of few players. Companies present in the market are planning to invest in the developing countries such as China, India, etc

Frequently Asked Questions about the Pharmaceutical Glass Tubing market:

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