Thursday, May 8, 2025

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Automotive, Transportation and Warehousing Growth of Pharmaceutical Industry Expected to Drive Global Pharmaceutical Glass Packaging Market:...

Growth of Pharmaceutical Industry Expected to Drive Global Pharmaceutical Glass Packaging Market: Ken Research

Glass packaging is a most important packaging material for pharmaceutical industry that restricts the alkalinity & hydrolytic resistance of glass container. Its elevated transparency allows easy inspection of its contents. It provides better protection as its relative impermeability to air & moisture. Glass is a chemically resistant to most medicinal products. In addition, colored glass such as, red colored glass and amber glass can protect its contents from ultraviolet rays & certain wavelengths. Glass containers are simply sterilized by heat that makes them an ideal material for the pharmaceutical packaging.

According to study, “Global Pharmaceutical glass packaging Market to reach USD 26.6 billion by 2027” the key companies operating in the global pharmaceutical glass packaging market are Corning Incorporated, Nipro Corporation, Gerresheimer AG, Schott AG, SGD Pharma, Stevanato Group S.p.A., Shandong Pharmaceutical Glass Co., Ltd., Bormioli Rocco Pharma, Piramal Glass, Ardagh Group, Şişecam Group, Beatson Clark, Stölzle-Oberglas Gmbh, and Arab Pharmaceutical Glass Co Ltd. Key manufacturers are constantly determined to offer an extensive range of technologies covering as much of the value chain as possible.

On the basis of product type, pharmaceutical glass packaging market is segmented as vials, bottles, cartridges & syringes and ampoules. The vials segment is further sub-segmented as small (<30 ml) and large (>30 ml). The segment is expected to witness higher CAGR owing to owing to its better suitability and analytical performance over the forecast period. Moreover, bottles segment is further sub-segmented as small bottle (<1000ml) and large bottle (>1000). Small-size bottles are used for storing oral tablets, which is estimated to create growth opportunities during the forecast period. In addition, on the basis of drug type, market is segmented as branded, generic and biologic. Generic drugs segment holds major share in market due to rise in the expiration of drug patents, growth in aging population, and rise in incidence of chronic diseases.

The pharmaceutical glass packaging market is driven by rise in access to health care, followed by increase in rate of consumption of generic drugs and growth of the pharmaceutical industry in emerging economies. However, increase in relevance of alternate material and rise in demand for alternative materials like plastics & its polymer may impact the market.

Based on geography, the North-American region dominates the global pharmaceutical glass packaging market owing to growth in technical advancements, rise in demand for pharmaceutical products, surge in awareness about the benefits of using glass packaging for the pharmaceutical products coupled with improved healthcare facilities in the region. Whereas, the European and Asian-Pacific regions are likely to exhibit considerable growth due to increase in prevalence of chronic diseases in these countries during the forecast period. It is estimated that future of the global market will be bright as a result of increase in public or private healthcare coverage by government over the forecast period. The global pharmaceutical glass packaging market is valued around at US $15.2 billion in 2019 and is projected to grow with a healthy growth rate of more than 6.4% during the forecast period 2020-2027.

For More Information, Click on the Link Below:-

Global Pharmaceutical Glass Packaging Market

Related Report:-

Global Pharmaceutical Glass Packaging Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

RELATED ARTICLES

What Makes Activa 6G Red Colour Stand Out Style and Features Reviewed

The Honda Activa Scooty has been a popular choice in the Indian market for decades, and the new Activa 6G Red Colour has taken...

Car Rental Market Share: Understanding the Competitive Landscape

In the fast-paced world of transportation, the car rental market stands as a dynamic and indispensable sector, offering mobility solutions to individuals and businesses...

Used Vehicles Market: Major Players and Trends

In the ever-evolving landscape of transportation, the used vehicles market emerges as a dynamic and bustling sector, teeming with opportunities and challenges alike. From...

Most Popular

Navigating the Dynamic Landscape of the Smartphone Industry

The Smartphone industry stands at the forefront of technological innovation, shaping the way individuals communicate, work, and interact with the digital world. From cutting-edge...

US Food Allergen Testing Industry: Trends, Challenges, and Opportunities

The US Food Allergen Testing industry is a critical sector safeguarding public health by ensuring food safety and catering to the growing population with...

The Dynamics of the Coal Mining Market: Growth Drivers and Challenges

Introduction Coal mining serves as a cornerstone in fueling industries, generating electricity, and fostering economic growth worldwide. This article delves into various facets of the...

A Market Research Report on the Cosmeceuticals Industry in India

The Indian beauty landscape is witnessing a fascinating shift. Consumers are no longer just seeking products that enhance appearance; they are actively seeking solutions...