Press release
Pharmaceutical Glass Tubing Market: Innovations and Growth Opportunities in Drug Packaging Industry Overview, Market Share, and Growth Prospects Report 2024 - 2031
Pharmaceutical Glass Tubing Market
Global pharmaceutical glass tubing market is expected to reach US$ 11.2 Bn by 2030, from US$ 8.3 Bn in 2023, exhibiting a CAGR of 7.1% during the forecast period.
The Research report on Global Pharmaceutical Glass Tubing Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.
Do you think, if this report could be of your interest? If yes, access our full report @ https://www.coherentmi.com/industry-reports/global-pharmaceutical-glass-tubing-market
Key Trends:
1. Increasing Demand for Injectable Drugs
The rise in chronic diseases such as diabetes, cancer, and autoimmune disorders has driven the demand for injectable drugs. Glass tubing is used to produce primary packaging materials like vials and ampoules for injectable medications. The growing production of biologics, vaccines, and biosimilars further boosts the demand for high-quality pharmaceutical glass tubing.
2. Growth in Vaccine Production
Vaccine production, especially in response to pandemics like COVID-19, has significantly increased the demand for pharmaceutical glass tubing. The global vaccination drives have led to higher consumption of vials and syringes made from glass tubing, and this demand is expected to remain strong as vaccine development continues for various diseases.
3. Superior Properties of Borosilicate Glass
Borosilicate glass, known for its superior chemical resistance, thermal stability, and low thermal expansion, is the material of choice for pharmaceutical glass tubing. It ensures the integrity and safety of stored medications, particularly sensitive biologics and vaccines. The demand for high-quality borosilicate glass tubing is driving innovation in the industry to meet stringent pharmaceutical standards.
4. Stringent Regulatory Requirements
Regulatory agencies like the FDA and EMA mandate strict guidelines for packaging materials used in pharmaceuticals, particularly injectable drugs. Glass tubing manufacturers are required to comply with these regulations to ensure that their products do not react with the medications they store, thereby maintaining drug safety and efficacy.
Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):
❖By Product Type
▪️ Vials
▪️ Ampoules
▪️ Cartridges
▪️ Syringes
▪️ Bottles
▪️ Others (Tubes, Rods, Stoppers etc.)
❖By End User
▪️ Pharmaceutical
▪️ Biotechnology
▪️ Diagnostics
▪️ Chemical
▪️ Others (Research, Forensics etc.)
❖ By Distribution Channel
▪️ Direct Sales
▪️ Distributors
▪️ Online
▪️ Others
❖ By Manufacturing Process
▪️ Tubing
▪️ Molding
▪️ Extrusion
▪️ Others
❖By Region:
▪️ North America
▪️ Europe
▪️ Asia Pacific
▪️ Latin America
▪️ Middle East
▪️ Africa
❖ Following are the players analyzed in the report:
▪️Schott AG
▪️Nipro Pharma Corporation
▪️Corning Incorporated
▪️NEG Glass
▪️PreCision Glass & Packaging
Get access to the latest Edition of this Market Study (comprising 150+ pages): https://www.coherentmi.com/industry-reports/global-pharmaceutical-glass-tubing-market/buynow
The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Global Pharmaceutical Glass Tubing market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Global Pharmaceutical Glass Tubing market?
4. What are the prominent market trends influencing the development of the Global Pharmaceutical Glass Tubing market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Global Pharmaceutical Glass Tubing market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
Key insights provided by the report that could help you take critical strategic decisions?
➞ Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
➞ Reports provide opportunities and threats faced by suppliers in the Global Pharmaceutical Glass Tubing industry around the world.
➞ The report shows regions and sectors with the fastest growth potential.
➞ A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
➞ The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
➞ This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
Author of this marketing PR:
Money Singh is a seasoned PR writer with over four years of experience in the market research sector. Known for her strong SEO background, she skillfully blends SEO strategies with insightful content. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
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About CoherentMI:
At CoherentMI, we are a leading global market intelligence company dedicated to providing comprehensive insights, analysis, and strategic solutions to empower businesses and organizations worldwide. Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today's rapidly changing business landscape.
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