Press release
Pharmaceutical Glass Packaging Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Demand, Key Players
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Pharmaceutical Glass Packaging Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $22.16 billion In 2028 At A CAGR Of 10.2% :
The pharmaceutical glass packaging market size has grown strongly in recent years. It will grow from $13.8 billion in 2023 to $15.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing pharmaceutical production, stringent regulations and quality standards, preference for glass's inert nature, global aging population, rise in chronic diseases.
The pharmaceutical glass packaging market size is expected to see rapid growth in the next few years. It will grow to $22.16 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to continued growth in pharmaceutical sector, advancements in drug delivery, focus on sustainable packaging, demand for biopharmaceuticals, global healthcare infrastructure development. Major trends in the forecast period include growing popularity of ready-to-use packaging, shift towards biodegradable packaging, expansion of emerging markets, collaborations and partnerships.
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Pharmaceutical Glass Packaging Market Major Segments
The pharmaceutical glass packaging market covered in this report is segmented -
1) By Product: Ampoules, Bottles , Vials, Syringes, Cartridges, Other Product Types
2) By Drug Type: Generic, Branded, Biologic
3) By Material: Type I, Type II, Type III
4) By Application: Oral, Injectable, Nasal, Other Applications
Key Driver - Pharmaceutical Industry Surge Propels Growth In The Pharmaceutical Glass Packaging Market
The growth of the pharmaceutical industry is expected to propel the growth of the pharmaceutical glass packaging market going forward. The pharmaceutical industry refers to the discovery, development, and manufacture of medications and drugs. Pharmaceutical glass packaging is used to pack and store medicines, strong alkalis, and acids. For instance, in 2021, according to the Indian Brand Equity Foundation, an India-based government agency, the Indian pharmaceutical market increased by 17.7% annually, and the market revenue is expected to be over 12% in 2022. Therefore, the growth of the pharmaceutical industry is driving the growth of the pharmaceutical glass packaging market.
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Prominent Trend - Pharmaceutical Glass Packaging With Ready-To-Use Sterile 100 Ml Molded Glass Vials
Major companies operating in the pharmaceutical glass packaging market are focusing on innovating products, such as the Molded glass vials, to provide a competitive edge in the market. Molded glass vials are glass containers formed using a process of injecting a glob of molten glass into a mold and compressed air is used in the pre-forming process to fill the mold. For instance, in March 2022, SGD Pharma, an India-based company specializes in glass pharmaceutical packaging services launched Ready-to-Use (RTU) sterile 100 ml molded glass vials. Ready-to-Use (RTU) sterile 100 ml molded glass vials are a type of vials designed to package high-value parenteral drugs in large volumes. Ready-to-Use (RTU) sterile 100 ml molded glass vials has no glass-to-glass contact, which reduces particle generation to protect patient safety.it is Compatible with various injectable applications. it has sterility and depyrogenation, ensuring the vials are free from contaminants.
Pharmaceutical Glass Packaging Market Players
Major companies operating in the pharmaceutical glass packaging market report are AGC Inc., Berry Global Inc., Corning Inc., Şişecam, Ardagh Group S.A., Teijin Pharma Ltd., O-I Glass Inc., Hoya Corporation, Albéa Group, Nipro Corp, Aptar Group Inc., Bormioli Pharma SpA, Gerresheimer AG, Piramal Enterprises Ltd., Wheaton Industries Inc., Shandong Pharmaceutical Glass Co Ltd., Hindusthan National Glass & Industries Limited, Quadpack, Yoshino Glass Co Ltd., Stolzle Glass Group, West Pharmaceutical Services Inc., Schott AG, Beatson Clark, Arab Pharmaceutical Glass Co, Acme Vial & Glass Co, United Glass Company, SGD SA, Yamamura Glass Co Ltd., Toyo Glass Co Ltd., NEG Group Co Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the pharmaceutical glass packaging market in 2023. The regions covered in the pharmaceutical glass packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Pharmaceutical Glass Packaging Market Report Structure
3. Pharmaceutical Glass Packaging Market Trends And Strategies
4. Pharmaceutical Glass Packaging Market - Macro Economic Scenario
5. Pharmaceutical Glass Packaging Market Size And Growth
…..
27. Pharmaceutical Glass Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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