Press release
Pharmaceutical Glass Containers Market Research Report by Type, by Technology, by End-User - Global Forecast to 2026
The Pharmaceutical Glass Containers Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. This market report provides a holistic scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future market prospects. This has brought along several changes in market conditions. Pharmaceutical Glass Containers market report provides latest insights about the market’s drivers, restraints, opportunities, and trends. It also gives an in-depth information about the growth and trends of various segments and the market in various regions.The global pharmaceutical glass packaging market was valued at USD 24.32 billion in 2020 and is expected to reach a value of USD 32.92 billion by 2026 registering a CAGR of 5.2% over the forecast period (2021-2026).
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Top Leading Companies of Global Pharmaceutical Glass Containers Market are - Shandong PG, Wego, Zheng Chuan, BD, SCHOTT, SGD, Chengdu Jingu Pharma-Pack, Nipro, Cangzhou Xingchen Glass Products, Cangzhou Four Stars Glass, Linuo, Gerresheimer, Lumme, Nippon Electric Glass, CORNING, Zhengli, Chaohua, Hua Xin Glass, Namicos Corporation, and others.
Industry News and Updates:
06 Apr 2020: German pharma glass manufacturer Schott introduces Smart Containers
Schott, a German pharmaceutical glass manufacturer, has entered into digitized pharma manufacturing with the introduction of Smart Containers.
Every Smart Container has a laser-mark along with a unique identifier which creates unprecedented traceability throughout the manufacturing process.
The new concept allows the pharma manufacturers to unlock the power of machine vision and big data analytics on pharmaceutical filling lines.
Market Overview:
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 they’re often filled in high-speed lines. Glass is being considered as a viable alternative as it’s 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.
On The Basis of Types: -
Glass Tube Injection Bottle
Ampoule
Prefilled Syringe
Cartridges
Other
On The Basis of Applications: -
Injectable Package
Oral Package
Others
The regions are further sub-divided into:
-North America: US, Mexico, Canada
-Europe: Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg
- Asia-Pacific: China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore
- South America: Brazil, Argentina, Peru, Chile
- Middle East and Africa: Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa
Regional Analysis:
The glass bottles and syringes are the most used form of packaging in the United States. Seven of the top ten drugs sold in the United States are packaged using glass, according to Pharmaceutical-technology.com. Drugs such as Opdivo, Avastin, Herceptin, and Keytruda are sold in glass bottles, which are of 20 to 50 cc sizes, while the most sold drug Humira in sold in Syringes.
The United States also dominates the pharmaceutical market, both in consumption and development. According to STAT, prescription drug spending in the nation is considered to add up to USD 600 billion by 2023, up from an estimated USD 500 billion in 2019, which is further expected to drive the market for pharmaceutical glass packaging in the country.
Moreover, the increasing population under the age group of 0-9 years is estimated to drive the demand for pharmaceutical syrups, which would, in turn, reflect the growth of the glass bottles consumption. According to the United States Census Bureau, in the United States, the population under 0-9 years age group was 40.01 million in 2019.
Further, over the years, the United States has been emphasizing on recycled glass packaging. According to the US Glass Packaging Institute (GPI), the country annually uses over 3.35 million metric tons of glass. Also, it was estimated that over 33% of this figure was accounted for to produce glass containers in 2019. Within this approach, the country has built over 80 recycling plants for all recyclable materials. Effective recycling is driving the pharmaceutical industry to adopt glass packaging solutions apart from its other benefits.
Influence of the Pharmaceutical Glass Containers Market Report:
-Comprehensive assessment of all opportunities and risk in the Pharmaceutical Glass Containers market.
-Pharmaceutical Glass Containers market recent innovations and major events.
-Detailed study of business strategies for growth of the Pharmaceutical Glass Containers market-leading players.
-Conclusive study about the growth plot of Pharmaceutical Glass Containers market for forthcoming years.
-In-depth understanding of Pharmaceutical Glass Containers market-particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Pharmaceutical Glass Containers market.
Browse Full Report at:
https://www.marketinsightsreports.com/reports/04192806765/global-pharmaceutical-glass-containers-market-growth-2021-2026/inquiry?Mode=namita
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.
Analytical Tools: The Global Pharmaceutical Glass Containers 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, SWOT analysis, feasibility study, and investment return analysis have been used to analyses the growth of the key players operating in the market.
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.
Finally, Pharmaceutical Glass Containers Market report is the credible hotspot for acquiring statistical market that will exponentially grow your business. The report gives the guideline area, monetary circumstances with the product value, advantage, limit, generation, supply, solicitation, and market improvement rate and figure, etc. Pharmaceutical Glass Containers Market report furthermore Presents another SWOT assessment, theory feasibility examination, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
- Free Country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
CONTACT US:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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