Global Pharmaceutical Glass Packaging Market: Overview
The Global Pharmaceutical Glass Packaging Market is valued at around USD 9.18 billion in 2022 and is expected to reach USD 11.64 Billion by the year 2030 registering a CAGR of 7.1% over the forecast period. Pharmaceutical packaging is mainly constructed of plastic or glass. Glass is often preferable due to its properties that allow for easy sterilization and visibility of the product it contains. This factor is estimated to boost the growth of the market during the forecast period.
Global Pharmaceutical Glass Packaging Market- Growth Factors
The growing pharma industry is the major factor that is driving the growth of the market for pharmaceutical glass packaging. The growth in the population is resulting in the growing number of diseases and this factor is acting as a driving force for the market. Also the properties offered by the material of glass in packaging is better than that of plastic and this advantage of glass over the material is driving the growth of the market. Apart from this, the growing number of hospitals and pharma labs is also boosting the growth of the market. The growing number of medical colleges where the use of these glasses take place to demonstrate the experiment is also boosting the growth of the market during the forecast period.
Global Pharmaceutical Glass Packaging Market- Market Trends
The increasing variants of a single disease is leading to various number of experiments and the production and storage of the vaccines in larger number in these pharmaceutical glass bottles and this factor is estimated to drive the growth of the market during the forecast period.
The growing number of medical colleges where the use of these glasses take place to demonstrate the experiment is also boosting the growth of the market during the forecast period.
Glass packaging helps in resisting escape of volatile ingredients, thereby increasing the drug stability. This factor is also estimated to boost the growth of the market during the forecast period.
Global Pharmaceutical Glass Packaging Market Segmentation
The global plant based meat market has been sub-classified into product type, drug type and end-use.
By Product Type
Vials
Bottles
Syringes and Cartridges
Ampoules
By Drug Type
Generic
Branded
Biologic
End Use
Humans
Plants
Animals
Global Pharmaceutical Glass Packaging Market Regional Analysis
It is estimated for the region of Asia Pacific to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The US region is also estimated to witness a notable growth rate in the market.
Global Pharmaceutical Glass Packaging Market Key Market players
Corning Incorporated, Nipro Corporation, SGD S.A., Stlzle-Oberglas GmbH, Bormioli Pharma S.r.l, West Pharmaceutical Services, Inc., Schott AG, Gerresheimer AG, Shandong Medicinal Glass Co., Ltd., Beatson Clark, Ardagh Group S.A, Arab Pharmaceutical Glass Co., Piramal Enterprises Ltd., and ?isecam Group are the major players that are driving the growth of the market during the forecast period.
