Pharmaceutical Glass Packaging Market Growing Demand and Manufacturing Analysis 2021 to 2025

The report presents an in-depth assessment of the Pharmaceutical Glass Packaging Market including enabling technologies, key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Pharmaceutical Glass Packaging investments from 2021 till 2026.

The global pharmaceutical glass packaging market was valued at USD 24.17 billion in 2019 and is expected to reach a value of USD 31.34 billion by 2025 registering a CAGR of 5.2% over the forecast period (2020-2025).

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Pharmaceutical Glass Packaging Market: Gerresheimer Glass Inc., Corning Incorporated, Nipro Corporation, SGD S.A (SGD Pharma), Stolzle-Oberglas GmBH (CAG Holding Gmbh), Bormioli Pharma S.p.A, West Pharmaceutical Services, Inc., Schott AG, Shandong Medicinal Glass Co., Ltd., Beatson Clark, Arab Pharmaceutical Glass Co., Piramal Enterprises

Key Developments:

- February 2020 - Stevanato Group and Bormioli Pharma announced a collaboration agreement to enable biopharma customers, contract filling organizations, and research laboratories to receive Bormioli Pharmas proprietary primary containers in Ompis (Stevanato) industry-recognized EZ-fill secondary packaging configuration.
- January 2020 - Gerresheimer launched Gx Elite top-quality injection vials for greater patient safety. These high-end tubular glass vials are Gerresheimers response to increasingly stringent customer demands and expectations on the pharmaceutical market, including greater demands for patient safety.

Market Overview:

Glass packaging is one of the primary packaging material for the pharmaceutical industry as it limits the alkalinity and hydrolytic resistance of the glass container. Further, the pharmaceutical and medical device industries are highly regulated and are emphasizing the safety and sustainability aspects of manufacturing and packaging processes. For instance, in October 2019, Corning Incorporated announced an allied pharmaceutical manufacturer got FDA approval of Corning Valor Glass to be deployed as a primary package for a marketed drug product. Such innovative glass packaging solution is following a new trend in the market.
- The growth of the pharmaceutical industry in emerging economies_ is driving the market. The glass packaging manufacturers and suppliers are focusing on shifting their base to China, India, and Brazil, as a result of increasing opportunities offered by the pharmaceutical industry in these countries, especially in the generics sector. For instance, in April 2019, the technology group, SCHOTT, invested BRL 50 million in its pharmaceutical tubing production in Rio de Janeiro, as part of its global growth strategy. As the demand in pharmaceutical industries is increasing, SCHOTT is contributing to manufacture 100% inspection of glass tubing to detect possible defects.

Regional Analysis:

For comprehensive understanding of market dynamics, the global Pharmaceutical Glass Packaging Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Market Trends

Glass Bottles to Witness a Significant Growth
- Glass bottles used in the pharmaceutical industry are extensively used for the packaging of medicinal drugs. Pharmaceutical glass bottles are manufactured to meet tight tolerance limits because theyre often filled in high-speed lines. Glass is being considered as a viable alternative as its impacts on humans and the environment are much less compared to polyethylene terephthalate (PET), making it the most environment-friendly packaging medium._
- The range of glass bottles includes standard products such as oral medicine and syrup bottles, dropper bottles, and infusion bottles in addition to tablet and ointment jars or wide mouth packers._
- These glass bottles come in different sizes, designs, and specifications whose volumes range from 5 ml up to 4000 ml. Of these, the large-sized containers are used for packaging of reagents as well as infusion transfusion bottles, whereas small-sized bottles are being used for packaging oral liquid, including syrup bottles, drops. These are also used for storing oral tablets._
- In addition to the regular-sized bottles, dropper bottles are being used in the pharmaceutical industry, in ophthalmic contexts and for things like essential oils and aromatherapy. The demand for these bottles is expected to witness increased demand owing to the growing popularity of vape liquids._
- Further technological innovations are addressing the 1 or 2% of these containers are outside the tolerance range (not exactly vertical, or the bottom is too thick). For instance, Bionorica, a manufacturer of herbal medicines worked with Romaco, a manufacturer of packing and process technology, to develop a simple, space-saving inspection unit, named Spectra, for monitoring empty bottles. This could prevent damage to the filling machine due to those faulty bottles.

The report has 150 tables and figures browse the report description and TOC:

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Pharmaceutical Glass Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Pharmaceutical Glass Packaging Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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