Pharmaceutical Glass Packaging Market Size, Business Overview, Challenges, Opportunities, Trends and Analysis By 2023
Global Pharmaceutical Glass Packaging Market Size, Segments, Size, Share, Trends, Growth by Product (Glass Vials, Ampoules, and Cartridges), by Application (Generic Drugs, Branded Drugs, and Biological Drugs) and by Region - Global Forecast to 2023
Glass continues to be a popular packaging material in the pharmaceutical industry. The material is used for packing liquids, semi-liquids, and solids. Due to its non-reactive nature and low environmental consequences, glass has remained a preferred packaging material.
- Gerresheimer AG (Germany)
- SCHOTT Pharmaceutical Packaging (U.S.)
- Shandong Qidu Pharmaceutical Co.,Ltd. (China)
- Ardagh Group S.A. (Luxembourg)
- Stölzle-Oberglas Gmbh (Austria)
- Nipro Corporation (Japan)
- Piramal Glass (India)
- SGD Pharma (France)
- West Pharmaceutical Services, Inc. (U.S.)
- Bormioli Rocco SpA (Italy)
are among the prominent marker players discussed in MRFR’s report.
The segmental analysis of Pharmaceutical Glass Packaging Market Size has been conducted on the basis of application, product and region.
On the basis of product, the market has been segmented into cartridges, ampoules and glass vials. The glass vials segment currently account for the largest share of the market in terms of value. The glass vails segment is expected to remain a profitable segment throughout the assessment period. Glass vails witness widespread popularity owing to properties such as dust resistance, easy to clean and non-reactive with solutions stored in them. Nevertheless, introduction of eco-friendly and more durable packaging solutions is expected to impact the market share of glass vials.
North America has emerged as a prime market for pharmaceutical glass packaging. The vast pharmaceutical industry in the region offers tremendous scope of the growth for the North America Global Pharmaceutical Glass Packaging Market Size,. Any major debacle in demand growth is highly unlike in North America during the forecast period. In North America, glass packaging continues to find favour owing to its eco-friendly attributes and non-reactiveness. North America is expected to maintain is dominant market position in 2019 and beyond.
Asia is viewed as an emerging market for pharmaceutical glass packaging. The market in the region is projected to demonstrate a relatively higher growth during the projection period. the rapid expansion of the pharmaceutical sector in countries such as India and China is providing an impetus to the market in the region. Furthermore, a high demand for pharmaceutical products in these countries make them important investment destinations. Factor such as improving healthcare facilities, increase product penetration and rising healthcare expenditure are supporting the market growth in Asia.
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