Pharmaceutical Glass Packaging Market - Global Industry Analysis

Pharmaceutical Glass Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Packaging Report Format : PDF Report Code: ZMR-6785 Status : Upcoming

Description

Global Pharmaceutical Glass Packaging Market: Overview

In pharmaceutical industry, glass packaging is counted amongst the primary packaging material. They are generally the first choice of packaging materials and most of the pharmaceutical formulations are packaged in glass containers as they are known for temperature & chemical resistance. Glass packaging also provides best protection for OTC as well as treatment medicines and other products of well-being. Ampoules, bottles, and vials are some of the different glass packaging products that are widely used in the pharmaceutical industries. Also, most of the major players are involved in packaging drugs and thus are constantly seeking to minimize the errors in order to make sure that by the time the drugs reach customers they are defect-free.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Pharmaceutical Glass Packaging Market: Growth Factors

The global pharmaceutical glass packaging market is growing at a faster pace. Rise in prevalence of chronic disease and increase in number of drug discovery & development projects are the prime factors that are fostering pharmaceutical glass packaging. In addition to this, increase in number of pharmaceutical glass packaging manufacturers, pharmaceutical industry growing at a rapid rate in developing countries, and increase in demand for glass packaging products as they are easy to sterilize are some of the additional factors that are spurring the growth of the market. Further, as glass has excellent protective qualities & is highly rigid, they are mostly used in the packaging of liquid formulations. It also enables inspection of the contents easily due to its high transparency and also offers better protection to the drugs as they are impermeable to moisture & air. Additionally, colored glass including red colored glass & amber colored glass is widely used in pharmaceuticals to protect the content from UV rays. All such beneficial properties of the glass make it an ideal packaging material in the pharmaceutical industry. Moreover, development of Covid-19 vaccine & increase in number of vaccination drives during the outbreak of Covid-19 pandemic in the year 2020 has significantly increased the demand for glass vials which in turn has propelled the overall market growth. However, high cost associated with the manufacture of glass containers and tendency of some of the glass containers to shed some of the silica parts in the formulation during the process of heat sterilization may hamper the growth of the global pharmaceutical glass packaging market. On the other hand, increase in focus and heavy investment by the manufacturers to enhance the pharmaceutical packaging technology to improve the storage & delivery of drugs thus, offering more sustainable access to medications that are necessary to public health is likely to create ample opportunities for the growth of the global pharmaceutical glass packaging market.

The outbreak of Covid-19 has moderately affected the growth of the global pharmaceutical glass packaging market. To curb the spread of the disease, most of the government across the world imposed strict regulations which slightly hampered the global market during the first half of the year 2020. However, initiation for the development of the Covid-19 vaccine by the major drug manufacturers led to sky-rocket demand for glass ampoules. This substantially boosted the market growth during the pandemic period.

Global Pharmaceutical Glass Packaging Market: Segmentation

The global pharmaceutical glass packaging market is segregated based on product, application, drug type, and region. Based on the product, the global pharmaceutical glass packaging market is split into bottles, vials, ampoules, and syringes & cartridges. The application segment is fragmented into nasal, injectable, oral, and others. Biologics, branded, and generics are the drug types used for pharmaceutical glass packaging.

Global Pharmaceutical Glass Packaging Market: Regional Analysis

Regionally, the global pharmaceutical glass packaging market is expected to be ruled by North America region. Presence of major pharmaceutical industries, heavy investment in drug discovery & development projects, and increase in number of generic products are some of the key features that are driving the market in this region. On the other hand, Asia Pacific is estimated to grow at the highest CAGR value and contribute to a significant share of the market. This is majorly attributed to presence of drug manufacturing countries such as India & China. Additionally, increase in number of vaccination programs in developing countries has led to increase in demand for glass packaging.

Global Pharmaceutical Glass Packaging Market: Competitive Players

The global pharmaceutical glass packaging market is highly competitive. To meet the growing demand from pharmaceutical industries, manufacturers are majorly focusing on the technologies and improvisation of product as well as production lines. Some of the dominant players that are operating in the pharmaceutical glass packaging market include Gerresheimer AG, Schott AG, West Pharmaceutical Services, Inc., Bormioli Pharma S.r.l, Stölzle-Oberglas GmbH, SGD S.A., Nipro Corporation, Corning Incorporated, Beatson Clark, and Shandong Medicinal Glass Co., Ltd.

Global Pharmaceutical Glass Packaging Market: Regional Segment Analysis

  • 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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global pharmaceutical glass packaging market is growing at a faster pace. Rise in prevalence of chronic disease and increase in number of drug discovery & development projects are the prime factors that are fostering pharmaceutical glass packaging.  Furthermore, increase in focus and heavy investment by the manufacturers to enhance the pharmaceutical packaging technology to improve the storage & delivery of drugs thus, offering more sustainable access to medications that are necessary to public health is likely to create ample opportunities for the growth of the global pharmaceutical glass packaging market.

Some of the dominant players that are operating in the pharmaceutical glass packaging market include Gerresheimer AG, Schott AG, West Pharmaceutical Services, Inc., Bormioli Pharma S.r.l, Stölzle-Oberglas GmbH, SGD S.A., Nipro Corporation, Corning Incorporated, Beatson Clark, and Shandong Medicinal Glass Co., Ltd.

 

Regionally, the global pharmaceutical glass packaging market is expected to be ruled by North America region. Presence of major pharmaceutical industries, heavy investment in drug discovery & development projects, and increase in number of generic products are some of the key features that are driving the market in this region.

 

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