Pharmaceutical Glass Packaging Market expected to Grow at CAGR 8.8% by 2028

Pharmaceutical Glass Packaging Industry Overview

The global pharmaceutical glass packaging market size was valued at USD 3.79 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.8% from 2021 to 2028.

Extensive utilization of generic injectable drugs, coupled with the high demand from the pharmaceutical industry, is anticipated to drive the market. Glass poses as a hindrance to atmospheric gases, such as carbon dioxide and oxygen, from entering the primary container, mitigating the risk of contamination of the drugs. Glass packaging lowers the drug’s susceptibility to degradation, such as hydrolysis and oxidation. Moreover, glass packaging helps in resisting the escape of volatile ingredients, thereby increasing the drug stability. All these factors are anticipated to surge the product demand in the near future.

Gather more insights about the market drivers, restrains and growth of the Global Pharmaceutical Glass Packaging Market

The growth in the global pharma market slowed considerably in 2017 due to the slow growth of the industry in emerging markets owing to low to moderate demand for pharmaceutical products. This was seen particularly in the case of the U.S., which is the world’s largest and the most important pharmaceuticals market. The sales of injection drugs were majorly affected within the market. However, the growing importance of generic drugs and access to better healthcare services in the economy are anticipated to provide opportunities for the market.

The growing significance of cost-sensitivity and biotech drugs in the healthcare sector has resulted in the establishment of strict regulations related to drug delivery products. Multiple manufacturers working in the pharmaceutical glass manufacturing market are focused on packaging aimed at increasing the shelf life of a product and are therefore investing in vials.

The pharmaceutical glass packaging developers have been enhancing their production capabilities in order to cater to the changing pharmaceutical industry, which is anticipated to incline more toward biological drugs. Gerresheimer AG, for instance, has developed a metal-free 1 ml Gx RTF long Luer Lock syringe. This syringe uses a new technology in which the pin used to shape the cone is made of a special ceramic material instead of the conventional tungsten or alternative metal.

The additional impact of the COVID-19 pandemic has left the pharmaceutical industry with a steadily growing high demand for medicines and other healthcare facilities. The surge in demand for pharmaceutical drugs, as a result of the pandemic, has affected the market growth positively. The demand is expected to reach a new peak in the case of the approval for COVID-19 vaccines developed by different institutions and companies in various countries.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

  • Thermal Spray Coatings Market : The global thermal spray coatings market was valued at USD 10.73 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. The growth of thermal spray coatings depends on its use in various end-use industries like automotive, aerospace, medical, industrial gas turbine, printing, steel, and pulp & papers.
  • Aerosol Market: The global aerosol market size was valued at USD 73.9 billion in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030.The convenience of use and aesthetic design of aerosol has been attracting various end-use industries towards aerosol-based product packaging.


Pharmaceutical Glass Packaging Market Segmentation

Grand View Research has segmented the global pharmaceutical glass packaging market on the basis of product, drug type, and region:

  • Pharmaceutical Glass Packaging Product Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)
    • Vials
      • Small Vials
      • Large Vials
    • Bottles
      • Small Vials
      • Large Vials
    • Cartridges & Syringes
    • Ampoules
  • Pharmaceutical Glass Packaging Drug Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)
    • Generic
    • Branded
    • Biologic
  • Pharmaceutical Glass Packaging Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America 
    • Middle East & Africa (MEA)

Market Share Insights

  • August 2018: SGD S.A. and Şişecam Group are considered emerging players in the global market, had invested approximately USD 7.8 million to rebuild the furnace and has boosted production by 11%. 

 

Key Companies profiled:

Some prominent players in the global pharmaceutical glass packaging market include:

  • 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.
  • Şişecam Group
  • Owens-Illinois, Inc.


Order a free sample PDF of the Pharmaceutical Glass Packaging Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

 

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