Global Pharmaceutical Glass Packaging Market 2023

Global Pharmaceutical Glass Packaging Market 2023

Description
Pharmaceutical glass packaging refers to the use of glass containers and vials for the packaging of pharmaceutical products. Glass is a preferred material for pharmaceutical packaging due to its inertness, impermeability, and ability to maintain the integrity and stability of pharmaceutical products.

Glass containers provide excellent protection for pharmaceutical products. Glass is impermeable to gases and moisture, preventing contamination and maintaining the integrity and stability of the packaged drugs. It helps protect the product from light, oxygen, and other environmental factors that can degrade the pharmaceutical formulation.

According to the latest data, the market size of the global pharmaceutical glass packaging sector is expected to rise by USD 9.7 billion with a CAGR of 6.1% by the end of 2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global pharmaceutical glass packaging market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Product: ampoules, bottles and jars, cartridges and syringes, vials
Application: biological drugs, branded drugs, generic drugs
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, application, and region. The global market for pharmaceutical glass packaging can be segmented by product: ampoules, bottles and jars, cartridges and syringes, vials. Bottles and jars was the highest contributor to the global pharmaceutical glass packaging market, with 39.5% share in 2022. Going forward, the ampoules segment is projected to witness the highest CAGR during the forecast period. Ampoules are small glass capsules that are airtight and sealed, containing a measured amount of medicine, typically in liquid form, intended for injection. They are sealed at the neck to ensure the integrity of the contents and provide protection against external factors like air, water, and moisture. Ampoules have proven to be effective in storing unstable chemical compounds. These sealed capsules are particularly suitable for the pharmaceutical industry as they can store, transport, and deliver single doses of medicinal drugs. This makes them an ideal choice for applications requiring precise dosage and minimizing contamination risks.

In the glass packaging market, notable players offering vials include SCHOTT AG, Gerresheimer AG, SGD S.A., and Nipro Corporation. These companies play a significant role in providing reliable and high-quality ampoules to meet the demands of the pharmaceutical industry. Their expertise and commitment to delivering safe and secure packaging solutions make them key players in the market. These industry leaders contribute to ensuring the integrity and effectiveness of medications by providing quality glass ampoules for pharmaceutical storage and use.

Pharmaceutical glass packaging market is further segmented by application: biological drugs, branded drugs, generic drugs. The generic drugs segment held the largest share of the global pharmaceutical glass packaging market in 2022 and is anticipated to hold its share during the forecast period. The generic drugs market segment is experiencing a significant increase in demand globally as consumers opt for less expensive alternatives to brand-name drugs. Generic drugs are those that are marketed without brand names and are generally priced lower than their brand-name counterparts. According to the United States Food and Drug Administration (FDA), these drugs have the same chemical composition as brand-name drugs and meet the required standards and regulations pertaining to dosage form, safety, strength, purity, quality, and characteristics.

The affordability and equivalency in terms of effectiveness and safety make generic drugs an attractive option for healthcare consumers. This trend has led to a thriving market for generic drugs, with increasing consumption worldwide. As more individuals and healthcare providers choose generic drugs over brand-name drugs, the demand for this market segment continues to grow. The availability of high-quality generic drugs that meet regulatory requirements contributes to this lucrative market's expansion.

Based on region, the pharmaceutical glass packaging market is segmented into: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America. In 2022, North America made up the largest share of revenue generated by the pharmaceutical glass packaging market. In 2022, the Asia-Pacific region emerged as the leading market for pharmaceutical glass packaging and is expected to maintain this position as the fastest-growing regional market throughout the study period. The market growth in this region is primarily driven by the increasing consumption of medicines and drugs.

Furthermore, growing health awareness among consumers and the rising demand for medical and healthcare facilities in the region have also played a significant role in propelling the growth of the pharmaceutical glass packaging market. Key contributors to the regional market include China, Japan, and India, with China leading the market in terms of size and influence.

Looking ahead, the Asia-Pacific pharmaceutical glass packaging market is projected to achieve a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period. This positive growth trajectory reflects the region's potential for further expansion and development in the pharmaceutical glass packaging sector.

Major Companies and Competitive Landscape
The global pharmaceutical glass packaging market report offers detailed information on several market vendors, including Arab Pharmaceutical Glass Company S.A.E. (APG), Ardagh Group S.A., Beatson Clark Ltd., Bormioli Pharma S.p.A., Cangzhou Four Stars Glass Co., Ltd., Chongqing Zhengchuan Pharmaceutical Packaging Co., Ltd., Corning Incorporated, Crestani S.r.l., Gerresheimer AG, Hindustan National Glass & Industries Limited, Nipro Corporation, Owens-Illinois Inc., Piramal Enterprises Limited (PEL), Schott AG, SGD S.A., Shandong Dingxin Electronic Glass Group Co., Ltd., Shandong Linuo Technical Glass Co., Ltd., Shandong Pharmaceutical Glass Co., Ltd., Stevanato Group S.p.A., Stoelzle Oberglas GmbH, Triumph Junheng Pharmaceutical Glass Ltd., TURKIYE SISE VE CAM FABRIKALARI ANONIM SIRKETI (Sisecam), Vetropack Holding AG, West Pharmaceutical Services, Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global pharmaceutical glass packaging market.
To classify and forecast the global pharmaceutical glass packaging market based on product, application, region.
To identify drivers and challenges for the global pharmaceutical glass packaging market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global pharmaceutical glass packaging market.
To identify and analyze the profile of leading players operating in the global pharmaceutical glass packaging market.

Why Choose This Report
Gain a reliable outlook of the global pharmaceutical glass packaging market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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