IMARC Group, a leading market research company, has recently releases report titled “Pharmaceutical Glass Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global pharmaceutical glass packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Pharmaceutical Glass Packaging Market?

The global pharmaceutical glass packaging market size reached US$ 8.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

Pharmaceutical glass packaging enables the storage and transportation of pharmaceutical products. It includes bottles, vials, ampoules, cartridges, and syringes. It offers non-reactive and impermeable properties, which help protect the integrity and quality of the medication. It is also highly resistant to breakage, chemical degradation, light, moisture, and air and maintains the quality and efficacy of the medication. As a result, pharmaceutical glass packaging is employed across the globe for a variety of products, including oral, injectable, and nasal medications.

What are the growth prospects and trends in the pharmaceutical glass packaging industry?

At present, the burgeoning healthcare sector and escalating demand for pharmaceutical glass packaging for the protection of the contents against physical damage, biological contamination, and degradation due to hydrolysis and oxidation represent one of the key factors positively influencing the market.

In addition, the rising consumption of generic drugs and injectables and the increasing need to extend the shelf life of medicinal products are offering lucrative growth opportunities to key market players for increasing their sales. Besides this, due to rising environmental concerns, governments of several countries are undertaking favorable initiatives to encourage the usage of recycled glass to reduce the carbon footprint and ensure a safer environment.

This, along with the introduction of thin and lightweight glass bottles to minimize the overall consumption of energy and raw materials, is stimulating the growth of the market worldwide.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

• Bottles

• Vials

• Ampoules

• Cartridges and Syringes

• Others

Breakup by Drug Type:

• Generic

• Branded

• Biologic

Breakup by Application:

• Oral

• Injectable

• Nasal

• Others

•  

Breakup by Region:

• North America

  • United States

  • Canada

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Others

• Europe

  • Germany

  • France

  • United Kingdom

  • Italy

  • Spain

  • Russia

  • Others

• Latin America

  • Brazil

  • Mexico

  • Others

• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including: 

Ardagh Group S.A, Beatson Clark, Bormioli Pharma S.p.A., Corning Incorporated, Gerresheimer AG, Nipro Corporation, Piramal Enterprises Ltd., Schott AG, SGD Pharma, Shandong Pharmaceutical Glass Co. Ltd., Sisecam (Türkiye Is Bankasi A.S.), Stölzle-Oberglas GmBH and West Pharmaceutical Services Inc.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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