Global Pharmaceutical Glass Packaging Market Revenue To Expand Exponentially With USD 8.01 Bn Earnings By 2028

As per study of Zion Market Research, Pharmaceutical Glass Packaging industry earned revenue of nearly US$ 4.18 billion in 2020 and is anticipated to accumulate earnings of approximately US$ 8.01 billion by 2028. Moreover, Pharmaceutical Glass Packaging market is prognosis to record CAGR of almost 8.9% in 2021-2028. Furthermore, growth of pharmaceutical glass packaging market over forecast timespan is owing to rise in demand for pharmaceutical glass packaging as it can be easily sterilized and can enhance shelf life of drugs. Highlight of manufacturers on improving drug storage capacity & medicine delivery ability has resulted in large-scale innovations in pharmaceutical packaging systems. This will prop up expansion of pharmaceutical glass packaging industry. Rapidly expanding pharmaceutical sector in emerging economies will contribute a large chunk of share towards market growth in near future. Nevertheless, huge costs associated with production of glass containers can halt swift expansion of pharmaceutical glass packaging business in years ahead.

Bottles To Lead Product Segment Over Forecast Timespan

Growth of segment over 2021-2028 can be attributed to its use in packaging drugs along with its availability in different sizes such as small and large bottles. Reportedly, large bottles are utilized for reagent packaging and infusion & transfusion bottles. Small bottles are used for packing oral drugs.

Generic Drug Type Segment To Contribute Massively Towards Market Size By 2028

Expansion of generic drug type segment over anticipated period is owing to its cost effectiveness as compared to branded drug products. In addition to this, focus of various governments on reducing costs of medicines and offering of huge discounts by manufacturers on generic drugs purchase as a part of their sales promotion strategies has prompted rapid growth of segment. Many of healthcare insurance firms have covered generic drugs in their healthcare policies and this has enhanced (medical) prescription & use of generic drugs in healthcare sector. Apart from this, there is a high demand for packaging generic drugs in pharmaceutical glass packaging for increasing its shelf life, thereby driving penetration of pharmaceutical glass packaging in generic drug type segment.

North America To Account Large Share Towards Regional Market By 2028

Expansion of pharmaceutical glass packaging industry in North America in 2021-2028 is subject to high government investment in pharmaceutical industries across countries such as the U.S. and Canada. Presence of giant manufacturers in region will contribute lucratively towards regional market size.

Key players profiled in report and strongly impacting market growth are Gerresheimer AG, Nipro Corporation, Beatson Clark, West Pharmaceutical Services, Inc., SGD S.A., Schott AG, Bormioli Pharma S.r.l, Corning Incorporated, Stölzle-Oberglas GmbH, and Shandong Medicinal Glass Co., Ltd.

Browse the full “Pharmaceutical Glass Packaging Market- By Drug Type (Biologics, Generic, And Branded), By Application (NASAL, INJECTABLE, And Oral), And By Product (Bottles, Vials, Ampoules, And Syringes & Cartridges): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028.” Report at https://www.zionmarketresearch.com/report/pharmaceutical-glass-packaging-market

The global Pharmaceutical Glass Packaging Market is segmented as follows:

By Drug Type

• Biologics
• Branded
• Generic

By Application

• NASAL
• INJECTABLE
• Oral

By Product

• Syringes & Cartridges
• Bottles
• Vials
• Ampoules

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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