Pharmaceutical Glass Packaging Market Size - By Product Type (Vials, Bottles, Syringes and Cartridges, Ampoules), By Drug Type (Generic, Branded, Biologic), End Use (Humans, Plants, Animals) & Region – Forecasts By 2030
- PUBLISHED ON
- 2024-06-12
- NO OF PAGES
- 225
- CATEGORY
- Packaging
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 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.
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.
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
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.
Market – Key Market players
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
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.
What are the drivers shaping various markets?
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.
Who are the key competitors of market Players?
Some of the major players operating within the market are Corning Incorporated, Nipro Corporation, SGD S.A., Stölzle-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 Şisecam Group.
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