Global Pharmaceutical Glass Packaging Market Research Report Forecast to 2026
Pharmaceutical Glass Packaging Market Forecast till 2026
Market Overview
The growth of the Pharmaceutical Glass Packaging Market is increasing at a faster rate. The pharmaceutical industry is booming due to the availability of crucial clinical drugs and other services, and the use of packaging is vital to protect these medicines. Glass packaging, in particular, is gaining popularity due to its advantages, such as protecting the product from contamination and damage, increasing its shelf life, and preventing carbon dioxide from entering the package.
The demand for pharmaceutical drugs and medicines is expected to be high in the coming years, leading to an increase in sales of pharmaceutical glass packaging. The segment of injectable medicines is experiencing the greatest demand, and the use of glass packaging helps to prevent the medicines from breaking down due to external factors..
Segment Overview
The growth of the Pharmaceutical Glass Packaging Market is fuelled by the growing demand for packaging in the pharmaceutical industry. Longer shelf life and advancements in packaging technology are factors contributing to market growth. The growth rate for vials is expected to be second highest after ampoules, driven by their high analytical performance and sustainability. Ampoules are expected to grow at a faster pace, and type III glass is projected to show significant growth. The generic drugs segment is expected to grow at the fastest rate.
Pharmaceutical glass bottles are categorized into two types based on size, small and large. Large bottles are used for packaging reagents, transfusion and infusion bottles, while small bottles are for syrup and oral liquid packaging. The small bottle segment is anticipated to grow due to new opportunities such as the increasing consumption of oral tablets packaged in small bottles.
Regional Analysis
North America plays a crucial role in the pharmaceutical glass packaging market, with strong investment in R&D and product innovation in the glass packaging sector. The demand for pharmaceutical glass packaging is fueled by stringent regulations and policies in the US and Canada, growing drug consumption, and the rapid growth of the pharmaceutical industry.
The US is the leading player in the North American pharmaceutical glass packaging market, as the rapidly expanding drug market drives a continuous increase in demand for glass packaging in the pharmaceutical sector. The growth of the pharmaceutical glass packaging market in the US is further supported by the rising healthcare spending in the country.
Major Players
The key players in the market are Shandong Qidu Pharmaceutical Co.,Ltd. (China), West Pharmaceutical Services, Inc. (U.S.), SCHOTT Pharmaceutical Packaging (U.S.), Ardagh Group S.A. (Luxembourg), Piramal Glass (India), Bormioli Rocco SpA (Italy), Nipro Corporation (Japan), SGD Pharma (France), and Stölzle-Oberglas Gmbh (Austria) and Gerresheimer AG (Germany).
COVID 19 Impacts
The COVID-19 pandemic has left a lasting impact on the pharmaceutical industry, causing steady growth and high demand for medical supplies and treatments. The sudden increase in demand for pharmaceutical drugs due to the pandemic has positively affected the market, and it is expected to reach new heights once COVID-19 vaccines are approved and distributed globally.
For example, the United States is producing millions of surplus vaccine doses packaged in large multi-dose vials, which are either used domestically or exported to other countries. has posed challenges for manufacturers, despite the demand from state officials.
Currently, most vaccines in the U.S. are distributed in the form of single-dose vials or prefilled syringes. However, the COVID-19 vaccines were initially distributed through multi-dose vials due to the urgency and quick production needed during the early months of the inoculation campaign in the country.
Companies Mentioned
Shandong Qidu Pharmaceutical Co.
Ltd. (China)
West Pharmaceutical Services
Inc. (U.S.)
SCHOTT Pharmaceutical Packaging (U.S.)
Ardagh Group S.A. (Luxembourg)
Piramal Glass (India)
Bormioli Rocco SpA (Italy)
Nipro Corporation (Japan)
SGD Pharma (France)
and Stölzle-Oberglas Gmbh (Austria) and Gerresheimer AG (Germany)
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