Global Pharmaceutical Glass Packaging Market Trends & Analysis by 2032

Pharmaceutical Glass Packaging Market Size, Share & Industry Forecast 2023-2032 According to Fortune Business Insights the global pharmaceutical glass packaging market report is set to gain momentum from the increasing development of new types of glasses owing to the high demand from the pharmaceutical industry. This information is given by Fortune Business Insights the study further mentions that the market size was USD 6.31 billion in 2019 and is projected to reach USD 10.76 billion by 2027, exhibiting a CAGR of 6.3% during the forecast period. The pharmaceutical glass packaging market has seen significant growth in recent years due to its critical role in ensuring the safety, integrity, and stability of pharmaceutical products. Glass packaging is preferred in the pharmaceutical industry due to its chemical resistance, transparency, and impermeability, making it ideal for storing sensitive substances like vaccines, biologics, and injectable drugs. This report provides an in-depth analysis of the pharmaceutical glass packaging market, covering market size, industry share, growth prospects, segmentation, and key driving factors. Get a Free Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pharmaceutical-glass-packaging- market-104710 Drivers & Restraints- Rising Awareness of Health to Favor Growth The pharmaceutical industry is expanding rapidly across the globe. The rising expenditure on public healthcare systems, increasing awareness of health, and astonishingly surging population are the prime factors for the pharmaceutical glass packaging market growth in the upcoming years. However, the industry is making more usage of plastic packaging nowadays backed by its impact resistance, cost effectiveness, easy molding, and flexibility properties. It may lower the demand for this type of glass packaging. Regional Insights- Increasing Spending on Healthcare to Help North America Remain at the Forefront Geographically, North America procured USD 2.12 billion in 2019 in terms of revenue. The ongoing expansion of the pharmaceutical industry would propel the regional growth. Besides, the increasing prevalence of various diseases, as well as surging spending on healthcare is likely to propel growth. Europe, on the other hand, is projected to remain in the second position throughout the forthcoming years on account of the rising government guidelines for controlling the transmission of COVID-19. Italy, Germany, and the U.K. are considered to be the main contributors to this growth. In Latin America, governments are implementing new policies, such as favorable tariff protection. Coupled with this, the increasing geriatric population would accelerate the demand for pharmaceutical glass packaging. Segment- By Product Type: Vials: Vials are the most commonly used glass packaging products in the pharmaceutical industry, especially for injectables and biologics. Ampoules: Ampoules are sealed glass containers used to store liquid drugs and are widely used in hospitals and laboratories. Cartridges: Cartridges are used in injectable devices such as pens and syringes, particularly for insulin delivery.

Syringes: Glass syringes are used for precise and safe delivery of medications. Others: This segment includes bottles and other specialized glass containers for pharmaceutical packaging. By Application: Injectable Drugs: A significant portion of the market is driven by injectable drug packaging, which requires high-quality, sterile glass containers. Vaccines: Vaccine production has surged globally, driving the demand for glass vials and ampoules. Oral Liquid Medications: Glass bottles are commonly used for storing liquid medications, including syrups and solutions. Others: Other applications include ophthalmic products, nasal sprays, and diagnostic reagents. Get Your Customized Research Report https://www.fortunebusinessinsights.com/enquiry/customization/pharmaceutical-glass-packaging- market-104710 Competitive Landscape- Key Players Focus on Launching Innovative Packaging Solutions to Strengthen Their Positions The global market houses multiple reputed companies that are presently focusing on developing unique products to cater to the high demand worldwide. Also, the COVID-19 pandemic has resulted in the high demand for robust packaging. List of the Leading Companies Profiled in the Global Pharmaceutical Glass Packaging Market are: Corning Inc. (New York, U.S.) Nipro Corporation (Osaka, Japan) SCHOTT (Mainz, Germany) Gerresheimer AG (Dusseldorf, Germany) SGD S.A. (France) St lzle-Oberglas GmbH (K flach, Austria) Bormioli Pharma (Philadelphia, U.S.) West Pharmaceutical Services, Inc. (Pennsylvania, U.S.) Shandong Medicinal Glass Co., Ltd. (China) Beatson Clark (U.K.) i ecam Group (Tuzla, Turkey) Others Below is one of the latest industry developments: March 2019: SCHOTT unveiled EVERIC , new generation of ultra-pure pharmaceutical vials in the market. The new product will allow pharmaceutical companies to gain access to a state-of-the-art blend of attributes to pack biologic drugs. At the same time, they can keep up with the current quality requirements of finish lines and fill. Market Growth Analysis:

Several factors are contributing to the growth of the pharmaceutical glass packaging market: Growing Pharmaceutical Industry: The expansion of the pharmaceutical sector, driven by rising healthcare expenditures, increasing prevalence of chronic diseases, and growing demand for biologics and vaccines, is boosting the demand for glass packaging solutions. Rising Demand for Injectable Drugs: Injectable drugs require high-quality packaging solutions to ensure safety, efficacy, and shelf life. Glass vials and ampoules are widely used in the packaging of injectables, contributing to the market's growth. Technological Advancements: Advances in glass manufacturing techniques, such as the development of Type I borosilicate glass and improved surface coatings, have enhanced the performance of glass packaging, making it more durable and resistant to chemical reactions. Increased Vaccine Production: The COVID-19 pandemic has accelerated vaccine production, driving the demand for glass vials and other pharmaceutical packaging solutions. This trend is expected to continue as new vaccines for various diseases are developed. Inquire Before Buying This Research Report: https://www.fortunebusinessinsights.com/enquiry/queries/pharmaceutical-glass-packaging-market- 104710 About Us: Fortune Business Insights delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in. Address: Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner Mahalunge Road, Baner, Pune-411045, Maharashtra, India. Phone: US: +1 424 253 0390 UK: +44 2071 939123 APAC: +91 744 740 1245 Email: sales@fortunebusinessinsights.com LinkedIn Facebook Twitter