Pharmaceutical Glass Packaging Market Revenue, Future Scope, Trends, Key Players and Forecast to 2023

Pharmaceutical Glass Packaging Market Overview

The global pharmaceutical glass packaging market is set to demonstrate a CAGR of 6% from 2017 to 2023 report Market Research Future (MRFR).

In many regions, the pharmaceutical glass packaging is entering its maturity phase and hence entrance of new players remains moderate. Meanwhile, existing market players are expected to focus on merger and acquisition activities to further consolidate their market position.

Segmental Analysis

The segmental analysis of the pharmaceutical glass packaging market has been conducted on the basis of application, product and region.

On the basis of application, the market has been segmented into biological drugs, branded drugs and generic drugs. Among these, the generic drugs segmented is expected to witness a significant growth over the next couple of years. Segment’s growth is partly triggered by the introduction favourable regulations for generic drug manufacturing in various countries across the globe. 

On the basis of product, the market has been segmented into cartridges, ampoules and glass vials. The glass vials segment currently account for the largest share of the market in terms of value. The glass vails segment is expected to remain a profitable segment throughout the assessment period. Glass vails witness widespread popularity owing to properties such as dust resistance, easy to clean and non-reactive with solutions stored in them.

Competition Analysis

• Gerresheimer AG (Germany)
• SCHOTT Pharmaceutical Packaging (U.S.)
• Shandong Qidu Pharmaceutical Co.,Ltd. (China)
• Ardagh Group S.A. (Luxembourg)
• Stölzle-Oberglas Gmbh (Austria)
• Nipro Corporation (Japan)
• Piramal Glass (India)
• SGD Pharma (France)
• West Pharmaceutical Services, Inc. (U.S.)
• Bormioli Rocco SpA (Italy)

Regional Analysis

North America has emerged as a prime market for pharmaceutical glass packaging. The vast pharmaceutical industry in the region offers tremendous scope of the growth for the North America pharmaceutical glass packaging market. Any major debacle in demand growth is highly unlike in North America during the forecast period. In North America, glass packaging continues to find favour owing to its eco-friendly attributes and non-reactiveness. North America is expected to maintain is dominant market position in 2019 and beyond.

Asia is viewed as an emerging market for pharmaceutical glass packaging. The market in the region is projected to demonstrate a relatively higher growth during the projection period. the rapid expansion of the pharmaceutical sector in countries such as India and China is providing an impetus to the market in the region.

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