Pharmaceutical Glass Packaging Market In-depth Insights, Revenue Details, Regional Analysis by 2027 | SCHOTT Pharmaceutical Packaging, Gerresheimer AG, Nipro Corporation

Report Ocean releases its latest report on the global Pharmaceutical Glass Packaging Market.

The growing demand for glass packaging in pharmaceuticals can be attributed to the growth of the global pharmaceutical glass packaging market. The glass lining in glass packaging protects the contents of the package from being contaminated by the air outside the container, thus, enhancing the shelf life of the content/product.

Global Pharmaceutical Glass packaging market Overview

Be it any product or medicine, the packaging is an essential part of the business process. Glass packaging enhances the chemical resistance of the components present inside the products while abiding by child safety measures & other regulations as well. The recyclability rates of glass packaging exceed that of plastic packaging, making it a better alternative to plastic. Additionally, factors such as the growing population in developing countries, increasing prevalence of chronic illnesses, climate change initiatives, and growing levels of health expenditures are likely to drive the growth of the industry.

The global pharmaceutical glass packaging market reached USD 5.77 billion in 2020. The market is further expected to reach USD 7.51 billion by 2027 and is projected to grow at a CAGR of 4.4% during 2021-2027.

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Growth Drivers

Growing population contributes to the growth of unknown chronic illnesses

The growth of the pharmaceutical glass packaging market is positively influenced by the growing population in developed as well as emerging regions. With the exponential growth rate of the population in the African and Asia-Pacific regions, it is estimated that the prevalence of chronic unknown diseases is increasing sharply. With an increase in population in developing countries like India & South Africa, wherein healthcare is still underfunded, the number of unknown diseases is increasing every year.

The rise in unknown chronic diseases demands more expenditure in healthcare packaging, which in turn is contributing to the growth of pharmaceutical glass packaging in Africa. According to the UNFPA (United Nations Fund for Population Activities), Niger has the highest annual population growth rate in Africa (3.8%), followed by DRC (The Democratic Republic of the Congo) (3.2%). These regions are already confronting epidemics such as measles which have claimed more than 8000 lives in the last year.

Less reactivity with the components than plastic packaging

Due to its non-reactive nature, glass packaging can help prevent leakages into the medicines contained within the glass containers. Any leakage, if not taken care of, can cause severe damage to the medicine, thereby eroding the essential elements needed for curing diseases. For example, some plastics are made of an industrial chemical called Bisphenol-A.

When the chemical comes into contact with the elements present in the medicine, it can raise blood pressure levels besides causing brain damage. Plastic packaging can absorb heat from the sun and affect the medicinal properties of the components inside the bottle.

The surge in awareness about the environment

Increased worldwide environmental awareness has led many nations to think about the packaging process of medicines. Another factor to consider is the recyclability rate. The government has been urging the pharmaceutical industry to opt for glass packaging as it produces less waste in comparison to plastic.

Because of its easy availability and low cost,  environmental degradation caused by plastic packaging has increased over time. However, continuous plastic packaging can not only cause harm to human health due to high contamination possibilities, but it can also affect the environment in the long run. 

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Pharmaceutical Glass Packaging Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Pharmaceutical Glass Packaging Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Pharmaceutical Glass Packaging Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Pharmaceutical Glass Packaging Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Pharmaceutical Glass Packaging Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Pharmaceutical Glass Packaging Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Pharmaceutical Glass Packaging Market provides insight into the factors influencing its growth. This market study breaks down the Pharmaceutical Glass Packaging Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Pharmaceutical Glass Packaging Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Pharmaceutical Glass Packaging Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Pharmaceutical Glass Packaging Market are:

 SCHOTT Pharmaceutical Packaging, Gerresheimer AG, Nipro Corporation, SGD Pharma, Shandong Qidu Pharmaceutical Co.,Ltd, Bormioli Rocco SpA, Ardagh Group S.A., West Pharmaceutical Services, Inc., Piramal Glass, and Stölzle-OberglasGmbh.

Scope of the Report

The global Pharmaceutical Glass Packaging Market segmentation focuses on:

By Type:

Ø  Product

o    Vials

o    Ampoules

o    Syringes

o    Cartridges

By Material Type:

Ø  Type I

Ø  Type II

Ø  Type III

By Application:

Ø  Generic

Ø  Biologic

Ø  Branded

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