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Pharmaceutical Glass Packaging Global Market Report 2024 - By Size, Share, Growth Analysis, Report, Forecast To 2033
Pharmaceutical Glass Packaging Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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