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.

Regional Analysis

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 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 Pharmaceutical Glass Packaging Market Size 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.

Segmental Analysis

On the basis of application, the market has been segmented into biological drugs, branded drugs and generic drugs. Among these, the generic drugs segmented is expected to witness a significant growth over the next couple of years. Segment’s growth is partly triggered by the introduction favourable regulations for generic drug manufacturing in various countries across the globe.

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.

Competition Analysis

Piramal Glass (India), SGD Pharma (France), West Pharmaceutical Services, Inc. (U.S.) and Bormioli Rocco SpA (Italy) are among the prominent marker players discussed in MRFR’s report.