Pharmaceutical Glass Vials and Ampoules Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Pharmaceutical Glass Vials and Ampoules Market is anticipated to grow at a CAGR of 7.4% over the forecast period. The stringent law's introduction enhances the quality and integrity of domestically manufactured drugs, primarily leading to increased glass usage as a material for pharmaceutical packaging products. Also, the global demand for pharmaceutical glass vials increased due to the need for the COVID-19 vaccine.
Key HighlightsThe Pharmaceutical Glass Vials and Ampoules Market is highly competitive, owing to multiple players operating in domestic and international markets. The market is moderately concentrated, with major players like Schott AG, Gerresheimer AG, and Nipro Corporation adopting strategies, like product innovation, mergers, acquisitions, and expansion, to expand their reach and increase their production capabilities.
In July 2022, Japan's Nipro invested KN 100 million (USD 14 million) in a new glass packaging plant for the pharmaceutical industry in Croatia. A new factory that will produce glass ampoules and vials to package life-saving drugs was inaugurated in Zagreb's suburb Sesvete, Nipro's division Nipro PharmaPackaging.
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