PUBLISHER: The Business Research Company | PRODUCT CODE: 1249296
PUBLISHER: The Business Research Company | PRODUCT CODE: 1249296
“Pharmaceutical Glass Packaging Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pharmaceutical glass packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pharmaceutical glass packaging? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pharmaceutical glass packaging market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Companies Mentioned: Gerresheimer; Corning Inc; Nipro; Stolzle-Oberglas GmBH; Bormioli Pharma S.r.l
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Major players in the pharmaceutical glass packaging market are: Gerresheimer, Corning Inc., Nipro, Stolzle-Oberglas GmBH, Bormioli Pharma S.r.l, West Pharmaceutical Services, West Pharmaceutical Services, Schott AG, Beatson Clark, Sisecam, O-I Glass, Arab Pharmaceutical Glass Co, Acme Vial & Glass Co, Hindusthan National Glass & Industries Limited, and United Glass Company.
The global pharmaceutical glass packaging market grew from $12.58 billion in 2022 to $13.7 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pharmaceutical glass packaging market is expected to grow to $18.89 billion in 2027 at a CAGR of 8.4%.
The pharmaceutical glass packaging market consists of sales of borosilicate glass, treated soda-lime glass, regular soda-lime glass, and general purpose soda-lime. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Pharmaceutical glass packaging refers to a type of glass container which is prepared by a combination of different materials that are designed to ensure the safe transportation of various acidic and medical items. The use of glass in pharmaceutical packaging has many benefits, as glass is incredibly resistant to temperature changes.
North Amrica was the largest region in the pharmacuetical glass packaging market in 2022. The regions covered in the pharmaceutical glass packagin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of pharmaceutical glass packaging are ampoules, bottles, vials, syringes, cartridges, and other products. The ampoules refer to the sealed glass-containing solutions for hypodermic injections. Ampoules are used as packaging for many cosmetic and pharmaceutical products. The various drug types include generics, branded, and biologics that are made of different materials such as type I, type ii, and type iii. The several applications include oral, injectable, nasal, and others.
The growth of the pharmaceutical industry is expected to propel the growth of the pharmaceutical glass packaging market going forward. The pharmaceutical industry refers to the discovery, development, and manufacture of medications and drugs. Pharmaceutical glass packaging is used to pack and store medicines, strong alkalis, and acids. For instance, in 2021, according to the Indian Brand Equity Foundation, an India-based government agency, the Indian pharmaceutical market increased by 17.7% annually, up from 13.7% in July 2020, and the market revenue is expected to be over 12% in 2022. Therefore, the growth of the pharmaceutical industry is driving the growth of the pharmaceutical glass packaging market.
Technological innovations are the key trend gaining popularity in the pharmaceutical glass packaging market. Major companies operating in pharmaceutical glass packaging are introducing new technologies to reinforce their position in the market. For instance, in January 2020, Gerresheimer, a Germany-based manufacturer of pharmaceutical glass packaging and glass injections for patients, launched Gx Elite vials, which are manufactured by using new technology, Gx RHOC systems. Gx Elite vials: this is a new type I borosilicate glass packaging. These are high-end tubular glass vials. This is the safest product for customers and patients.
In May 2021, Nipro, a Japan-based company operating in pharmaceutical glass packaging, acquired Piramida for an undisclosed amount. The acquisition is expected to increase the production capacity of Nipro. also helps in the strong development of Nipro's ampoules and vials business. Piramida is a Latvia-based company that manufactures pharmaceutical glass containers, with premium quality glass vials and ampoules.
The countries covered in the pharmaceutical glass packaging market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The pharmaceutical glass packaging market research report is one of a series of new reports from The Business Research Company that provides pharmaceutical glass packaging market statistics, including pharmaceutical glass packaging industry global market size, regional shares, competitors with a pharmaceutical glass packaging market share, detailed pharmaceutical glass packaging market segments, market trends and opportunities, and any further data you may need to thrive in the pharmaceutical glass packaging industry. This pharmaceutical glass packaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.