Pharmaceutical Glass Packaging Market Size, Share, Growth Report 2032

Pharmaceutical Glass Packaging Market: Industry Perspective

The global Pharmaceutical Glass Packaging Market accrued earnings worth approximately USD 4.18 Billion in 2020 and is predicted to grow to around USD 8.01 Billion by 2028 with a compound annual growth rate (CAGR) of roughly 8.9% between 2021 to 2028. 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 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

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Pharmaceutical Glass Packaging Market: Outlook

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.

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Pharmaceutical Glass Packaging Market: Growth Dynamics

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.

Pharmaceutical Glass Packaging Market: Report Scope

Pharmaceutical Glass Packaging Market: Regional Insights

North America To Account For Major Market Share By 2028

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.

Pharmaceutical Glass Packaging Market: Competitive Insights

Key players profiled in the report and favorably influencing the market surge are

• Gerresheimer AG
• Beatson Clark
• West Pharmaceutical Services Inc.
• Schott AG
• Bormioli Pharma S.r.l
• Stölzle-Oberglas GmbH
• Corning Incorporated
• SGD S.A.
• Nipro Corporation
• Shandong Medicinal Glass Co. Ltd.

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 the Middle East & Africa