The global pharmaceutical glass packaging market size is expected
to reach USD 22.05 billion by 2025, according to a new report by Grand View
Research, Inc., registering a CAGR of 6.3% during the forecast period.
Spiraling sale of generic drugs in developed as well as developing economies is
projected to drive the demand for pharmaceutical glass packaging. Glass has a
well-defined supply chain in the pharmaceutical industry and is traditionally
used for parenteral drug packaging. Extensive R&D is being conducted by
product manufacturers in order to minimize negative aspects of glass, such as
high susceptibility to breaking and delamination, as well as to improve the
quality & efficacy of the product.
The pharmerging market is anticipated to
witness phenomenal growth owing to favorable government policies and increased
healthcare awareness. Governments of developing nations are expanding their
public or private healthcare coverage and simultaneously making efforts to
minimize out-of-pocket medical expenses for the consumers. Increasing
government efforts to reduce healthcare cost and promotion of low-cost generic
drugs are estimated to fuel the utilization of glass packaging over the coming
years.
Emergence of novel drugs such as cancer
drugs and bio-therapeutics is likely to help the market gain traction over the
coming years. In an effort to safeguard patient health, guidelines for
packaging of biological drugs have been made highly stringent, which
necessitates constant development in the field of pharmaceutical packaging.
Aforementioned factors promote manufacturers to adopt advanced techniques,
thereby driving the market.
In primary pharmaceutical packaging, glass
has an advantage over plastic as plastic production requires raw materials such
as polyethylene, polypropylene, and polystyrene, which are largely dependent on
fluctuating petroleum industry. Manufacturers use soda lime, quartz, and other
additives for manufacturing glass. These raw materials are easily available in
the market by numerous suppliers. Recent developments in the pharmaceutical
glass packaging include launch of Gx Baked-On RTF and an Omniflex plunger, a
prefilled syringe, by Gerresheimer AG in September 2017. This technology has
the ability to minimize particle loads and meet strict requirements for
therapeutic protein products for better deliver of drug.
Full research report on pharmaceutical glass
packaging market analysis:
https://www.grandviewresearch.com/industry-analysis/pharmaceutical-glass-packaging-market
https://www.grandviewresearch.com/industry-analysis/pharmaceutical-glass-packaging-market
Further Key Findings from the Report Suggest:
·
The vials segment is projected to ascend at
a CAGR of 6.9% in terms of revenue over the forecast period
·
The bottles segment dominated the global
pharmaceutical glass packaging market in 2016 in terms of revenue and is
anticipated to witness a CAGR of 4.7% from 2017 to 2025 owing to high
penetration of plastics in the manufacturing of bottles
·
The generic drug segment accounted for
69.8% of the market in 2016 due to rapidly increasing manufacturing volumes of
generic drugs in emerging economies
·
Europe is expected to witness considerable
growth during the forecast period owing to constant development in the medical
field aimed at improving health and quality of life
·
Some of the key companies present in the
market are Corning Incorporated; Gerresheimer AG; Nipro Pharmapackaging; SCHOTT
AG; Şişecam Group; Arab Pharmaceutical Glass Co.; Beatson Clark; Stevanato
Group; and Owens-Illinois, Inc.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the
global pharmaceutical glass packaging market on the basis of product, drug
type, and region:
Pharmaceutical Glass Packaging Product Outlook (Revenue,
USD Million, 2014 - 2025)
·
Vials
o Small vials (<30ml)
o Large vials (>30ml)
·
Bottles
o Small Bottles (< 1000 ml)
o Large Bottles (> 1000 ml)
·
Cartridges & Syringes
·
Ampoules
Pharmaceutical Glass Packaging Drug Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Generic
·
Branded
·
Biologic
Pharmaceutical Glass Packaging Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o U.K.
o France
o Spain
o Italy
·
Asia Pacific
o China
o India
o Japan
o South Korea
·
Central & South America
o Brazil
·
Middle East & Africa
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-pharmaceutical-glass-packaging-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
