Pharmaceutical Glass Packaging Market: Current Analysis and Forecast (2023-2030)
Emphasis on Product (Bottles, Vials, Cartridges & Syringes, Ampoules, Others); Drug Type (Generic, Branded, Biologic); Application (Orals, Injectables, Nasal, Others); and Region/Country
Global Pharmaceutical glass packaging market is expected to grow at a significant rate of around 8% during the forecast period. Offering protection, presentation, identity, information convenience, and compliance for a drug and medicine throughout storage, carriage, and exhibition is referred to as pharmaceutical glass packaging. Due to its rigidity and outstanding protective characteristics, glass packaging is employed in the pharmaceutical packaging of liquid as well as solid medicines. Its extreme transparency makes it simple to examine its contents. Because of its relative air and moisture impermeability, it provides better protection. Most pharmaceutical drugs do not react chemically with glass. Glass containers safeguard their contents and maintain the product’s qualities like flavor and taste.
The major reason for the expansion of this market is the rising demand for pharmaceutical glass packaging and the presence of important characteristic benefits of glass, such as its compatibility with varied chemical compositions and chemical resistance are driving the growth of the market during the forecast period. Increased consumer awareness and a rise in spending on healthcare units also fuel market growth. In addition, the surge in demand for pharmaceutical drugs and medicines coupled with technological advancements in the pharmaceutical industry is creating the demand for bottles, ampoules, and other glass packaging solutions.
Corning Incorporated, Nipro Europe Group Companies, SGD Pharma, Stoelzle Glass Group, Gerresheimer AG, Schott AG, Bormioli Pharma S.p.A., PGP Glass, West Pharmaceutical Services, Inc, Ardagh Group S.A are some of the key players in the market. Several M&A’s along with product launches have been undertaken by these players to facilitate customers with innovative products.
Insights Presented in the Report
“Amongst product, bottles category to witness higher CAGR during the forecast period”
Based on product, the market is segmented into bottles, vials, ampoules, cartridges and syringes and others. Among these, the bottles category is to witness higher growth during the forecast period owing to the widespread use of glass bottles for storing medicines. One of the major factors contributing to the growth of the segment is the rise in demand for large and small glass bottles in the pharmaceutical industry. This type of packaging offers better chemical inertness, higher rigidity, and protective qualities, which ultimately boosts market growth.
“Amongst drug type, generic category to witness higher CAGR during the forecast period”
Based on drug type, the market is segmented into generic, branded and biologic. Among these, the generic segment is expected to witness higher growth during the forecast period owing to the lower cost in comparison with branded drugs while offering similar usage and formulations. Rising cases of chronic diseases coupled with an increase in a number of the aging population is a major factor for the expansion of this segment. Furthermore, patent expiration of branded drugs will also propel the market growth during the period of forecast.
“Amongst application, injectable category to witness higher CAGR during the forecast period”
Based on application, the market is divided into oral, injectable, nasal and others. Among them, the injectable category accounted for the largest market share due to the growing demand for liquid medicines and drugs. Another major factor contributing to the growth of the market is the widespread use of injections to administer dosage to patients from vials, cartridges, ampoules, etc.
Pharmaceutical glass packaging Market Report Coverage
“North America to hold a significant share in the market”
The global pharmaceutical glass packaging market in North America accounts for a significant share and is expected to maintain its position over the forecast period. The major factor driving the expansion of the market in the region is the robust development of the pharmaceutical industry. The rise in per capita income of consumers coupled with advancement in production technology is to act as a significant role in the growth of the industry in the region. In addition, growth is anticipated to be supported by the emergence of generic drugs in the region during the period of forecast.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global pharmaceutical glass packaging market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Pharmaceutical Glass Packaging Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global pharmaceutical glass packaging market were the three major steps undertaken to create and analyze the adoption of pharmaceutical glass packaging in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global pharmaceutical glass packaging market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the pharmaceutical glass packaging market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the pharmaceutical glass packaging market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, drug type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the pharmaceutical glass packaging market. Further, we conducted factor analysis using dependent and independent variables such as various products, drug type and applications of pharmaceutical glass packaging. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the pharmaceutical glass packaging market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global pharmaceutical glass packaging market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the pharmaceutical glass packaging market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global pharmaceutical glass packaging market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global pharmaceutical glass packaging. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and distribution channel in the global pharmaceutical glass packaging market.
The main objective of the global pharmaceutical glass packaging market study
The current & future market trends of the global pharmaceutical glass packaging market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the pharmaceutical glass packaging market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product, drug type and application.
- Define and analysis of the regulatory framework for the pharmaceutical glass packaging industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the pharmaceutical glass packaging market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the pharmaceutical glass packaging market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the global pharmaceutical glass packaging market?
Q2: What are the driving factors for the growth of the global pharmaceutical glass packaging market?
Q3: Which segment has the largest share of the global pharmaceutical glass packaging market by product?
Q4: What are the emerging opportunities in the global pharmaceutical glass packaging market?
Q5: Which region will dominate the global pharmaceutical glass packaging market?
Q6: Who are the key players operating in the global pharmaceutical glass packaging market?
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