Pharmaceutical Glass Packaging Market is estimated to be US$ 8.52 billion by 2030 with a CAGR of 8.5% during the forecast period

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Published Date: May 2023

Pharmaceutical Glass Packaging Market accounted for US$ 3.79 billion in 2020 and is estimated to be US$ 8.52 billion by 2030 and is anticipated to register a CAGR of 8.5%. Glass packaging keeps products clean and uncontaminated for extended lengths of time since it does not react with a number of consumable and non-consumable things. Because of its recyclability and reuse, glass is a great pharmaceutical packaging material. It has a number of benefits, including sterility, chemical inertness, malleability, and water resistance, making it more suited for packaging a variety of pharmaceutical products. The pharmaceutical industry's increasing requirement for packaging has aided in the overall expansion of the pharmaceutical glass packaging market.

The report " Global Pharmaceutical Glass Packaging Market, By Type (Borosilicate Glass, Treated Soda-Lime Glass, and Regular Soda Lime Glass), By Products (Ampoules, Cartridges, Bottles, Syringes, and Vials), By Color (Amber and Clear), By Application (Nasal, Topical, Oral, and Injectable), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’

Key Highlights:

In August 2021, Pharma packaging specialist Origin launches SnappD to transform 'wasteful sachet economy'. Innovative single-dose solution proved a hit for sanitizer during the pandemic and now a separate business unit is being launched to drive growth.
In August 2021, Tageos launched its EOS-202 U9 RAIN RFID inlay. With the smallest form factor available today for healthcare and pharmaceutical applications, the new inlay has successfully passed latest tests specified by the Auburn University RFID Lab Spec S. Furthermore, EOS-202 U9 is certified by DoseID as suitable for a broad range of pharmaceutical and healthcare purposes.

Analyst View:

Due to the expansion of the pharmaceutical industry in emerging economies, this market is likely to grow significantly throughout the forecast period. Furthermore, the healthcare industry is plagued by the problem of drug interaction with the major packaging material. In the pharmaceutical and biotechnology industries, glass packaging has been the preferred option because it prevents drug interactions. Furthermore, many technical breakthroughs in the glass production industry are moving the global market forward. However, as alternative sources become more relevant, the worldwide market's growth may be hampered over the projection period.

Browse 60 market data tables and 35 figures* through 140 slides and in-depth TOC on “*Global Pharmaceutical Glass Packaging Market, By Type (Borosilicate Glass, Treated Soda-Lime Glass, and Regular Soda Lime Glass), By Products (Ampoules, Cartridges, Bottles, Syringes, and Vials), By Color (Amber and Clear), By Application (Nasal, Topical, Oral, and Injectable), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029"

Key Market Insights from the report:

The Global Pharmaceutical Glass Packaging Market accounted for US$ 3.79 billion in 2020 and is estimated to be US$ 8.52 billion by 2030 and is anticipated to register a CAGR of 8.5%. The Global Pharmaceutical Glass Packaging Market is segmented based on the type, products, color, application and region.

By Type, the Global Pharmaceutical Glass Packaging Market is segmented into Borosilicate Glass, Treated Soda-Lime Glass, and Regular Soda Lime Glass.
By Products, the market is segmented into Ampoules, Cartridges, Bottles, Syringes, and Vials.
By Color, the market is segmented into Amber and Clear.
By Application, the market is segmented into Nasal, Topical, Oral, and Injectable.
By Region, the Global Pharmaceutical Glass Packaging Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the largest share of the global market, due to increasing demand of glass in primary packaging of parenteral and topical formulations.

Competitive Landscape:

The key players operating in the global Pharmaceutical Glass Packaging Market include Gerresheimer AG, SCHOTT AG, Bormioli Pharma S.r.l, Origin Pharma Packaging, SGD Group SAS, West, Pharmaceutical Services, Inc., Nipro Corporation, Piramal Glass Private Limited and Stevanato Group SpA.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period