Glass Bottles and Vials for Vaccines and Pharmaceutical Market to Grow at 7.7 Percent CAGR Through 2031 Driven by Rising Drug Demand

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Global Glass Bottles and Vials for Vaccines and Pharmaceutical Market By Application (Vaccines And General Medicine), End-User (Hospital, Drug Manufacturers, Diagnostic Centers And Others) - Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

The global glass bottles and vials for vaccines and the pharmaceutical market are estimated to exhibit a CAGR of 7.7% during the forecast period.

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Vials, which may be tubular or bottle-shaped with a defined neck, serve as essential packaging components in the pharmaceutical industry, offering optimal container closure integrity (CCI). These glass containers are critical for maintaining the required temperature stability of vaccines and are widely utilized in both clinical and research environments. Commonly referred to as phials or flacons, glass vials and bottles are experiencing increasing demand due to their widespread use across key end-user segments, including hospitals, pharmaceutical manufacturers, and research institutions.

Glass bottles and vials are favored for their non-reactive properties, which help ensure extended shelf life and contamination-free storage of pharmaceutical products. This has led to a noticeable shift in end-user preferences away from traditional packaging options. Furthermore, glass is considered a sustainable material due to its recyclability, aligning with growing environmental considerations within the industry. The use of glass vials and bottles also supports the production of high-quality, cost-effective pharmaceutical products, contributing to their expanding adoption in the global market.

List of Prominent Players in the Glass Bottles and Vials for Vaccines and Pharmaceutical Market:
SCHOTT AG
Thermo Fisher Scientific
ZHENGCHUAN ICP
Cang Zhou Four-star Glass Co., Ltd.
Stevanato Group P.IVA
Gerresheimer AG
SGD Pharma
Qorpak
Corning Incorporated
SM PACK

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Market Dynamics
Drivers:
The global demand for glass bottles and vials used in pharmaceutical and vaccine applications is increasing rapidly, primarily driven by the expanding pharmaceutical industry. This growth is particularly notable in densely populated countries, where the rising demand for vials is contributing to increased pharmaceutical production and is expected to significantly support market expansion. Additionally, the growing complexity of pharmaceuticals-fueled by the rising incidence of various diseases and the escalating need for parenteral medications such as insulin and corticosteroids-is further accelerating the demand for glass vials and bottles. The global increase in vaccination rates is also contributing to this upward trend.

Challenges:
One of the key challenges for manufacturers is the risk of chemical leaching from the inner surface of glass tubular containers, which poses quality concerns for pharmaceutical applications. Moreover, the rising costs associated with packaging materials are expected to constrain market growth. The availability of alternative packaging solutions, such as plastic and polymer-based containers, also presents a potential threat to the demand for glass packaging in the pharmaceutical industry.

Regional Trends:
North America is anticipated to hold a substantial share of the global glass bottles and vials market for vaccines and pharmaceuticals and is projected to register a robust compound annual growth rate (CAGR) over the forecast period. The pharmaceutical sector in the United States is a major contributor to this growth, driven by increased investment in innovative products and strong demand for generic medications. Meanwhile, the Asia Pacific region is also exhibiting significant market potential, supported by a rising prevalence of chronic diseases, improved healthcare awareness, and increasing disposable income levels. Government initiatives aimed at expanding healthcare coverage and promoting affordable generic drugs are expected to boost pharmaceutical production volumes, thereby supporting the growth of the glass bottles and vials market in this region.

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Recent Developments:
• In July 2022, Gerresheimer is growing its glass vial capacities at its Wertheim, Germany location as well as at two more locations in China and the United States. The company is investing in Wertheim production to expand vial capacity by 150 million per year. By extending its production capacity in Wertheim, Gerresheimer is contributing, among other things, to the improvement of the supply of glass vials to European vaccine makers.
• In March 2021, Corning Inc. intended to double current targets for glass vial manufacturing for COVID vaccines. In 2021, the company planned to create 150 million vials, each of which will contain around 1.2 billion doses of vaccine. As a result of the enhanced production, there should be less of a scarcity of vials needed to keep the COVID-19 vaccines on hand to fight the COVID-19 outbreak.

Segmentation of Glass Bottles and Vials for Vaccines and Pharmaceutical Market-
By Product Type-
• Less Than 30ml
• Between 30ml-80ml
• More than 80 ml
By Application-
• Vaccines
• General Medicine
By End-User
• Hospital
• Drug manufacturers
• Diagnostic Centers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.