Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.60 Billion | USD 52.79 Billion | 9.35% | 2024 |
The global Pharmaceutical Glass Packaging Market size was worth around USD 21.60 Billion in 2024 and is predicted to grow to around USD 52.79 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 9.35% between 2025 and 2034. The report analyzes the global pharmaceutical glass packaging market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the pharmaceutical glass packaging industry.
The report offers an assessment and analysis of the Pharmaceutical Glass Packaging Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2024 along with a forecast from 2025 to 2034 based on revenue (USD Billion).
Pharmaceutical glass is designed for preventing cracks in containers and hence pharmaceutical glass packaging has become popular these days. Furthermore, pharmaceutical glass packaging helps in effective drug storage & delivery and ensures patient safety. Innovations such as blow fill seal vial snap-off ampoules, plasma impulse chemical vapor deposition coating systems, and unit dose ampoules in the pharmaceutical packaging sector at regular intervals will boost market trends.
Apart from this, the use of child-resistant packets, prefilled syringes, and two-in-one prefilled vial designs in the pharmaceutical sector will create new growth avenues for the pharmaceutical glass packaging industry over the forecasting timeframe. However, delamination of pharmaceutical glass is likely to cause glass particles to appear in vials, thereby resulting in a surge in product recalls. This can decrement the growth of the pharmaceutical glass packaging market.
The surge in the number of chronic disorders and the discovery of new drug molecules has resulted in positive outcomes for the pharmaceutical glass packaging market growth in terms of both volume and revenue. Additionally, glass obstructs various kinds of gases such as oxygen and carbon dioxide when it tries to enter the primary container. This, in turn, helps in reducing the risk of medicine getting contaminated. Apart from this, glass packaging of drugs aids in alleviating medicine degradation due to hydrolysis and oxidation. All these aforementioned aspects will help the pharmaceutical glass packaging market register marked growth. Furthermore, glass packaging resists the escape of volatile products along with enhancing drug stability, thereby optimizing the growth of the pharmaceutical glass packaging industry.
Moreover, manufacturers of pharmaceutical glass packaging have increased their production capacities to fulfilling the needs of the pharmaceutical sector and provide effective, visually appealing, attractive, proficiently designed, new-styled, and durable packaging for biological medicines. The necessity of elongating the shelf life of drugs for their use in the healthcare sector over the long run is predicted to facilitate the elevation of the pharmaceutical glass packaging market. The outbreak of the COVID-19 pandemic has culminated in large demand for pharmaceutical medicines and this has led to an exponential surge in the growth of the pharmaceutical glass packaging market. Improvement witnessed in healthcare amenities and breakthroughs in drug development research will assist the market transverse new paths of growth in upcoming years.
Report Attributes | Report Details |
---|---|
Report Name | Pharmaceutical Glass Packaging Market |
Market Size in 2024 | USD 21.60 Billion |
Market Forecast in 2034 | USD 52.79 Billion |
Growth Rate | CAGR of 9.35% |
Number of Pages | 198 |
Key Companies Covered | Gerresheimer AG, Corning Incorporated, Nipro Corporation, Schott AG, SGD Pharma, Shandong Pharmaceutical Glass Co., Ltd., Bormioli Rocco Pharma, Ardagh Group, West Pharmaceutical Services Inc., Şişecam Group, Stölzle Oberglas GmbH, Beatson Clark, and others. |
Segments Covered | By Material Type, By Product, By Drug Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Account For Major Market Share By 2034
The growth of the pharmaceutical glass packaging industry in North America in the coming years can be credited to the rise in the allocation of funds for producing generic drugs. High government focus on producing drugs that are effective against chronic diseases and can be stored for long period is predicted to embellish the expansion of the pharmaceutical glass packaging market in the sub-continent over years to come. The presence of giant players in the region is predicted to contribute sizably to regional market revenue in the coming decade.
Key players profiled in the report and favorably influencing the market surge are
By Drug Type
By Application
By Product
By Region
FrequentlyAsked Questions
The global pharmaceutical glass packaging market is expected to grow due to growing pharmaceutical production, demand for contamination-free packaging, and regulatory requirements for drug safety.
According to a study, the global pharmaceutical glass packaging market size was worth around USD 21.60 Billion in 2024 and is expected to reach USD 52.79 Billion by 2034.
The global pharmaceutical glass packaging market is expected to grow at a CAGR of 9.35% during the forecast period.
Europe is expected to dominate the pharmaceutical glass packaging market over the forecast period.
Leading players in the global pharmaceutical glass packaging market include Gerresheimer AG, Corning Incorporated, Nipro Corporation, Schott AG, SGD Pharma, Shandong Pharmaceutical Glass Co., Ltd., Bormioli Rocco Pharma, Ardagh Group, West Pharmaceutical Services Inc., Şişecam Group, Stölzle Oberglas GmbH, Beatson Clark, among others.
The report explores crucial aspects of the pharmaceutical glass packaging market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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