IMARC Group, a leading market research company, has recently releases report titled “Pharmaceutical Glass Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global pharmaceutical glass packaging market size, share, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Pharmaceutical Glass Packaging
Pharmaceutical glass packaging involves the use of vials, ampoules, and bottles to store, transport, and protect pharmaceutical products during transit and storage. It can withstand extreme temperatures, which makes it suitable for pharmaceuticals that require cold storage or heat sterilization. It creates an effective barrier against moisture, gas, and contaminants and aids in preserving the integrity of the medication. It is generally transparent and allows for easy content inspection, which aids in quality control. It is widely used for storing vaccines and other injectable drugs. It is also employed for packing syrups and liquid antibiotics to prevent contamination and extend shelf-life.
How Big Is the Pharmaceutical Glass Packaging Market?
The global pharmaceutical glass packaging market size reached US$ 9.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
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What are the growth prospects and trends in the Pharmaceutical Glass Packaging industry?
The continuous rise in the pharmaceutical industry represents one of the key factors catalyzing the demand for glass packaging that ensures product integrity and safety. Apart from this, the development of new and complex drug formulations is driving the demand for packaging that offers superior barrier properties, chemical stability, and biocompatibility.
Furthermore, the implementation of stringent regulations from organizations like the European Medicines Agency and the Food and Drug Administration (FDA) is promoting the use of packaging materials that meet high safety standards, thereby driving the demand for pharmaceutical glass.
Moreover, the rising awareness among the masses about the harmful impact of polymer packaging materials is encouraging the industry to adopt sustainable packaging options like recyclable glass.
WHAT IS INCLUDED IN MARKET SEGMENTATION?
The report has segmented the market into the following categories:
Breakup by Product:
- Bottles
- Vials
- Ampoules
- Cartridges and Syringes
- Others
Breakup by Drug Type:
- Generic
- Branded
- Biologic
Breakup by Application:
- Oral
- Injectable
- Nasal
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
WHO ARE THE KEY PLAYERS OPERATING IN THE INDUSTRY?
The report covers the major market players including:
- Ardagh Group S.A
- Beatson Clark
- Bormioli Pharma S.p.A.
- Corning Incorporated
- Gerresheimer AG
- Nipro Corporation
- Piramal Enterprises Ltd.
- Schott AG
- SGD Pharma
- Shandong Pharmaceutical Glass Co. Ltd.
- Sisecam (Türkiye Is Bankasi A.S.)
- Stölzle-Oberglas GmBH
- West Pharmaceutical Services Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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