Pharmaceutical Glass Packaging Market 2022 Growth Outlook - Gerresheimer Glass Inc., Corning Incorporated, Nipro Corporation, SGD S.A (SGD Pharma)

The Pharmaceutical Glass Packaging Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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 Pharmaceutical Glass Packaging Market are 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, ?i?ecam Group and others.

Industry News and Updates

February 2020 - Stevanato Group and Bormioli Pharma announced a collaboration agreement to enable biopharma customers, contract filling organizations, and research laboratories to receive Bormioli Pharma's proprietary primary containers in Ompi's (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.

Key Market Trends

North America Holds a Significant Share

- 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.

Regional Outlook of Pharmaceutical Glass Packaging Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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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.

Analytical Tools: The 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, SWOT analysis, feasibility study, and investment return analysis have been used to analyze 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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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