PUBLISHER: Market Research Future | PRODUCT CODE: 1637067
PUBLISHER: Market Research Future | PRODUCT CODE: 1637067
Global Pharmaceutical Glass Packaging Market Research Report Information by Product Type (Vials, Bottles & Jars, Cartridges & Syringes, Ampoules), by Material Type (Type I, Type II, Type III), by Application (Generic Drugs, Branded Drugs, Biological Drugs), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Market Forecast Till 2032
In 2023, the pharmaceutical glass packaging market was estimated to be worth USD 21,354.2 million. The Global Pharmaceutical Glass Packaging industry is anticipated to experience a compound annual growth rate (CAGR) of 7.3% from USD 22,913.06 Million in 2024 to USD 40,409.6 Million by 2032.
The Pharmaceutical Glass Packaging Market is being led by the expansion of the pharmaceutical industry in emerging economies, the growing demand for pharmaceutical items to be extended, and the growing emphasis on anti-counterfeiting measures.
The Pharmaceutical Glass Packaging Market is being bolstered by the growing pharmaceutical industry in emerging economies and the heightened emphasis on anti-counterfeiting measures.
Market segment insights
The market is segmented into four categories: vials, bottles and canisters, cartridges and syringes, and ampoules, based on the type of product.
The market is segmented into type I, type II, and type III according to the type of material.
Generic drugs, branded drugs, and biological drugs comprise the application segment of the Pharmaceutical Glass Packaging Market size.
Regional Perspectives
The study offers market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America by region. In 2023, the North American pharmaceutical glass packaging market held the largest market share and is anticipated to experience a substantial CAGR growth during the research period. The pharmaceutical glass packing sector in North America will experience development in the future due to the increase in funding to produce conventional medicines. The government's emphasis on the development of long-term drugs for chronic diseases is expected to drive the evolution of the pharmaceutical glass packaging market in the sub-continent. It is anticipated that the revenue of the regional market will be significantly increased over the next decade because of the presence of major participants in the region.
Additionally, Asia Pacific is the second-largest region in the Pharmaceutical Glass Packaging Market. The markets are further augmented by the increasing technological advancements in the glass packaging of medications, which are resulting in advanced uses. The demand for glass packaging is expected to increase swiftly in India, a prominent and expanding market for medications.
Furthermore, the pharmaceutical glass packaging market in Europe has experienced substantial growth in recent years. The financial system of Europe is most notable for its pharmaceutical manufacturing, which is founded on research. The escalation in medicinal development, which is characterized by the exploration, expansion, and presentation of innovative medications aimed at improving the physical condition and quality of life of patients in the region, is resulting in an increase in the production of pharmaceutical glass packaging.
Gerresheimer AG, Nipro Corporation, Schott Pharmaceutical Packaging, Stevanato Group, Bormioli Pharma S.P.A, West Pharmaceutical Services, Inc, PGP Glass, Stolzle-Oberglas Gmbh, Arab Pharmaceutical Glass Co, and Ajanta Bottle are among the main players in the market.