Global Pharmaceutical Glass Packaging Market to Grow at a CAGR of 7% in the Forecast Period of 2024-2032, Aided by the Extensive Utilisation of Generic Injectable Drugs

With the pre-existing established supply chain, glass packaging has become increasingly popular as the volume of generic medications has increased. Because of the increased usage of pharmaceutical glass packaging in the packaging of immunity-boosting medications, the current outbreak of COVID-19 has had a beneficial impact on market growth. The development of glass vials by pharma packaging manufacturers, that lowers the risk of delamination and breakage, is expected to continue the trend of glass vials occupying a significant market share in the coming years. The major factor, which actively drives the demand of the pharmaceutical glass packaging market, is the increase in prevalence for recycled packaging products. Glass makes up the majority of pharmaceutical packaging, it accounts for a very small percentage of trash. Glass packaging is also 100% recyclable, making it a sustainable packaging option that is contributing to the growth of the pharmaceutical glass packaging industry. An increase in patient-oriented medicines, including biologics, is expected to uplift the market growth of the pharmaceutical packaging market during the forecast period.

Pharmaceutical glass packaging companies have been working to increase product strength in order to decrease breaking during vial filling. Corning Inc. (NYSE: GLW) received FDA permission to market Corning Valor Glass in September 2019, which provides enhanced chemical durability and improves resistance to breakage, damage, and particulate contamination.

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Market Analysis by Product, Drug Type, Application, and Regions:

• Based on product, the industry can be divided into ampoules, bottles, vials, syringes, and cartridges, among others.

• By drug type, the market can be segmented into generic, branded, and biologic.

• The product finds applications in oral, injectable, and nasal, among others.

• The regional markets include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Key Findings of the Report:

• Increasing investment in research and development and the introduction of new medicines aimed at improving the health and quality of life of the patients are driving the growth of the market.

• Rising demand for pharmaceutical products and technological advancements in the field are some of the factors stimulating the growth of the market.

• The surging disposable income and rising population are some of the key trends fuelling the growth of the market.

• The government efforts to reduce healthcare costs and promote low-cost generic drugs are expected to fuel the utilisation of glass packaging in the forthcoming years.

Key Offerings of the report:

• The EMR report gives an overview of the global pharmaceutical glass packaging market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for the product, drug type, application, and regions of pharmaceutical glass packaging.  

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global pharmaceutical glass packaging industry are Ardagh Group S.A., Bormioli Pharma S.r.l., Piramal Glass Private Limited, Schott AG, and Sisecam, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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