Pharmaceutical Glass Packaging Market 2020 by Global Key Players, Business Rising Awareness, Financial Plan and Trends by Forecast 2027

 Overview

Pharmaceutical glass packaging market is projected to reach USD 13.5 billion by 2027 from an estimated USD 7.6 billion in 2020, at a CAGR of 6.9% from 2021 to 2026.

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/5179 

The report covers segmentation and drivers for a better glimpse of the market in the coming years. The global pharmaceutical glass packaging market is mainly driven by various factors such as extending the shelf life of products, technical developments in the growth of pharmaceutical glass packaging, and the increasing demand from the pharmaceutical industry

Competitive Analysis

The global pharmaceutical glass packaging market comprises several global and regional players. These players are adopting growth strategies such as product developments, partnerships,mergers & acquisitions, joint ventures, and expansion to expand their market share and improve their position in the pharmaceutical glass packaging market. High competition, constant technological changes, and integrated solutions by industry participants are the key factors that impact market growth.

The success of the market vendors depends on the market conditions, government support, and industry development. Thus, the vendors must focus on improving their products and expanding their regional presence. Schott AG (Germany), Nipro Corporation (Japan), Piramal Glass (Mumbai), Sisecam Group (Tuzla, TR), Owens-Illinois Inc. (US), being the leading players, held a significant market share in 2019. Gerresheimer AG (Germany), SGD Pharma (France), Bormioli Pharma S.p.A(Italy), Ardagh Group S.A.(Luxembourg), West Pharmaceutical Services Inc. (US), and Stoelzle Oberglas Gmbh (Austria) are some of the other key players operating in the pharmaceutical glass packaging market.The leading players, as mentioned above, are dominating the market due to their diverse product offerings, vast industry experience, and wide geographic reach. These players may strengthen their presence worldwide through expansions and acquisitions during the forecast period. With access to better technologies, the market players can develop unique and innovative products and services, rendering their competitors’ offerings obsolete. The competitive environment in the global market is likely to intensify further due to the increasing number of expansions.

Segmental Analysis

The growing demand for packaging from the pharmaceutical industry has been influential in fueling the overall growth of the pharmaceutical glass packaging market.The need for extending the shelf life of pharmaceutical products and technological advancements in pharmaceutical packaging are likely to spur market growth. The global market for pharmaceutical glass packaging has been segmented based on product, material type, application, and region.

Based on product, the global pharmaceutical glass packaging market has been segmented into vials, bottles & jars, cartridges & syringes, and ampoules. The ampoules segment is expected to grow at a faster rate during the forecast period. In 2019, the bottles & jars segment held a share of 30.90% of the global pharmaceutical glass packaging market. It is projected to register a significant CAGR over the projected timeframe as glass bottles & jars offer several advantages over plastic, such as chemically inertness and transparency.

Based on material type, the global pharmaceutical glass packaging market has been segmented into type I, type II, and type III. The type II segment is projected to grow at the fastest rate during the forecast period. In 2019, the type III segment held a 67.49% share of the global pharmaceutical glass packaging market. It is projected to register a significant growth rate over the study period as type III glass is relatively inexpensive, chemically stable, reasonably hard, and extremely workable. Soda-lime glass can be re-softened and re-melted numerous times, and thus, it is ideal for glass recycling.

By application, the pharmaceutical glass packaging market has been segmented into generic drugs, branded drugs, and biological drugs. The generic drugs segment is projected to grow at the fastest rate during the forecast period. In 2019, the generic drugs segment held a 71.41% share of the global pharmaceutical glass packaging market. It is projected to witness a lucrative growth rate over the forecast period as generic drugs have the same chemical composition as brand-name drugs and meet the standard and regulations criteria in terms of dosage form, safety, strength, purity, quality, and characteristics.

Access full report @ https://www.marketresearchfuture.com/reports/pharmaceutical-glass-packaging-market-5179

Regional Analysis

Geographic analysis of the pharmaceutical glass packagings markets pans across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America is one of the leading regions for the pharmaceutical glass packaging market. The region has witnessed increased investments in R&D and product innovation as far as glass packaging is concerned. Stringent regulations and policies in the US and Canada, increased consumption of drugs, and rapid growth of the pharmaceutical sector are the key factors driving the demand for pharmaceutical glass packaging in the region. The US dominated the pharmaceutical glass packaging market in North America.In the country, the pharmaceutical glass packaging industry is witnessing rapid growth. With the expanding market for drugs, the demand for glass packaging is increasing continuously in the pharmaceutical industry. The growing healthcare spending is also contributing to the growth of the pharmaceutical glass packaging market in the US.

Browse Related Reports:

Global Produce Packaging Market Research Report: Information by Packaging Type (Corrugated Boxes, Bags and Liners, Plastic Containers and Trays), Application (Vegetables, Fruits and Salads), End User (Growers/Shippers, Re-Packers and Retail Stores) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) – Forecast till 2025

Global Pallet Racking Market Research Report: Information by System (Conventional, Mobile Racking, Shuttle Racking and Hybrid/Customized Racking), Racking System Type (Cantilever Racking, Selective Racking, Push Back Racking, Drive-In Racking, Pallet Flow Racking, Carton Flow Racking and others), Frame Load Capacity (Up to 5 Ton, 5–15 Ton and Above 15 Ton), End-Use Industry (Automotive, Food & Beverage, Retail, Manufacturing, Warehouse & Logistics and others) and Region (North America, Europe, Asia-Pacific and South America) – Forecast till 2025

Global Dry Bulk Shipping Market: Information by Type (Capesize, Panama, Supramax and Handysize), Application (Iron Ore, Coal, Grains, Bauxite/Alumina and Phosphate Rock) and Geography – Forecast till 2025

Global Temperature-Controlled Packaging for Pharmaceutical Market: By Product (Insulated Shippers and Insulated Containers), By Type (Active Systems and Passive Systems), By Temperature Range (Up to 10°C, 10°C to 20°C and More than 20°C), By Payload Capacity (Up to 10 L, 10-20 L, 20-40 L, 40-150 L and More than 150 L), By Type of Use (Single Use and Reusable), By End-Use Industry (Pharmaceutical and Clinical Trial) and By Region – Forecast Till 2023

Global Plastic Rigid IBC Market Research Report, By Material (High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), and Others), Capacity (Up to 500 liters, 500 to 1000 liters, 1000 to 1500 liters, 1500 to 2000 liters, and above 2000 liters), End Use (Industrial Chemicals, Petroleum & Lubricants, Food & Beverages, Paints Inks Dyes, Pharmaceuticals, and Others) — Forecast till 2023

Returnable Packaging Market By Material (Plastic, Metal, Wood and Others), Product Type (Pallets, Crates, Intermediate Bulk Container (IBC), Dunnage, Drums & Barrels, Bottles and Others), End Use (Automotive, Food & Beverages, Pharmaceuticals & Healthcare, and Consumer Goods) – Global Forecast till 2023

Global Agricultural Packaging Market Research Report— by Material (Plastic, Paper & Paperboard, Metal, Glass), Product (Pouches, Bags, Bottles, Trays), Barrier Strength (High, Medium, Low), Application (Chemical Pesticides, Chemical Fertilizers, Biologicals) and Region — Forecast till 2023

Global Collapsible Metal Tubes Market Research Report by Product Type (Squeeze Tube, Twist Tube, Others), by Closure Type (Standup Cap, Nozzle Cap, Fez Cap, Flip Top Cap, Others), by Capacity (Less than 20 ml, 20 to 100 ml, More than 100 ml), by End-use (Cosmetics, Industrial, Pharmaceutical, Food, Homecare & Personal Care, Others), and Region – Forecast to 2023

Global Bulk Bags Market Research by Fabric Type (Type A, Type B, Type C, Type D) by Capacity (Small up to 0.75 cu.m, Medium 0.75 to 1.5 cu.m, Large Above 1.5 cu.m) by Design (U-Panel Bags, Four Side Panels, Baffles, Circular/Tabular, Cross Corners, others) by End-use (Chemicals & Fertilizers, Food, Construction, Pharmaceuticals, Mining, Others) – Forecast to 2023

Global Thin Wall Packaging Market Research Report by Product Type (Tubs, Cups, Trays, Jars, Clamshells, Pots, Lids), Material (Polypropylene, High Density Polyethylene, Polyethylene Terephthalate, Polystyrene, Polyvinyl Chloride, and Others), Production Process (Injection Molding, Thermoforming, and Others), Application (Food & Beverages, Electronics, Cosmetics and Others), By Region (North America, Europe, Asia-Pacific and Rest-of-the-World) – Forecast to 2023

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact

Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune 411028
Maharashtra, India
+1 646 845 9312
Email:sales@marketresearchfuture.com