IMARC Group, a leading market research company, has recently releases report titled “Pharmaceutical Glass Packaging Market Report by Product (Bottles, Vials, Ampoules, Cartridges and Syringes, and Others), Drug Type (Generic, Branded, Biologic), Application (Oral, Injectable, Nasal, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global pharmaceutical glass packaging market.
How Big is the Pharmaceutical Glass Packaging Market?
The global pharmaceutical glass packaging market size reached US$ 9.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
Industry Overview of Pharmaceutical Glass Packaging
Packaging represents the process of ensuring security, distinctive appearance, identification, information convenience, and compliance for goods during storage, transportation, and display. Some widely utilized pharmaceutical glass packaging solutions include surface treated soda-lime glass, ultra-resistant borosilicate glass, regular soda-lime glass, etc. They aid in eliminating the risk of contamination of the medicines. Pharmaceutical glass packaging also assists in extending the shelf-life of pharmaceutical items and prevents the escape of volatile ingredients, thereby increasing the drug stability. Apart from this, colored glass, such as amber and red-colored glass, is also utilized to protect the contents from ultraviolet rays and specific wavelengths.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/pharmaceutical-glass-packaging-market/requestsample
What are the growth prospects and trends in the pharmaceutical glass packaging industry?
The expanding pharmaceutical sector is one of the primary factors driving the pharmaceutical glass packaging market. In line with this, the elevating requirement for generic drugs and injectables is further catalyzing the product demand.
Additionally, the inflating prevalence of chronic diseases, such as diabetes, and the growing consumer health consciousness are further propelling the market growth. Besides this, government bodies of numerous countries are launching various initiatives to encourage the usage of recycled glass to minimize the carbon footprint and ensure a safer and greener environment, which is also positively influencing the global market.
Moreover, the introduction of thin and lightweight glass bottles by key market players to reduce the consumption of raw materials and energy is anticipated to bolster the pharmaceutical glass packaging market in the coming years.
Leading Companies Operating in the Global Pharmaceutical Glass Packaging Industry:
- 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
- West Pharmaceutical Services Inc.
Pharmaceutical Glass Packaging Market Report 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
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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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