Pharmaceutical Glass Packaging Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Pharmaceutical Glass Packaging Market Worth $22.05 Billion By 2025�
The global pharmaceutical glass packaging market size is projected to reach USD 22.05 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% during the forecast period. Governments in developing regions are expanding their public or private healthcare coverage which is expected to drive the demand for this packaging. Pharmaceutical glass packaging plays a major role in increasing shelf life of the drugs. Growing requirement for brand enhancement and differentiation in an increasingly competitive environment, R&D activities, awareness regarding environmental issues, and adoption of new regulatory requirements for recycling of packaging products are some of the key market drivers. The market size as well as penetration of glass vials is anticipated to remain high over the forecast period owing to the high inertness of these products to majority of chemicals. Moreover, the vials prevent atmospheric gases such as oxygen as well as carbon dioxide from entering the container, which is anticipated to surge the product demand in the forthcoming years.
The pharmaceutical glass packaging market is expected to face a stiff composition from other plastic substitutes such as Polyethylene Terephthalate (PET), High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), and Polystyrene (PS) not only for the development of non-parenteral containers but parenteral containers as well, which is expected to hinder the market growth in near future. Asia Pacific is estimated to witness the fastest CAGR of over 9% during the forecast period on account of increasing production volumes in emerging economies including India and China. China is expected to emerge as one of the major consumers of pharmaceutical glass packaging.
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Further key findings from the report suggest: In terms of revenue, pharmaceutical glass bottles is projected to ascend at a CAGR of 4.8% over the forecast period
Cartridges and syringes contributed approximately over 9.8% to the total market in 2018
Pharmaceutical glass packaging for generic drug types led the global market, constituting a revenue share of over 71.3% in 2018
In terms of product, vials emerged as the second largest segment in 2018, registering a revenue of USD 4.66 billion. The segment is expected to expand at a CAGR of 7.0% in the forthcoming years
Biologics accounted for 6 of the top 8 drugs, in terms of revenue, in 2018. Biologics are attractive for the global pharma industry as they provide benefits in the underserved therapeutic areas, which is anticipated to fuel the growth
North America pharmaceutical glass packaging market is anticipated to expand at a CAGR of 3.6% in the forthcoming years.Expiration of patents, rise in aging population, and various efforts from governments and health care service providers to increase consumer awareness are likely to propel the utilization of generic drugs in the region
SCHOTT AG; Gerresheimer AG; Nipro Pharmapackaging; Corning Incorporated; Şişecam Group; Stevanato Group; Arab Pharmaceutical Glass Co.; Beatson Clark; and Owens-Illinois, Inc. are some of the key manufacturers of pharmaceutical glass products such as ampoules, cartridges and syringes, vials, and bottles
Grand View Research has segmented the global pharmaceutical glass packaging market on the basis of product, drug, and region: Pharmaceutical Glass Packaging Product Outlook (Volume, Million Units; Revenue, USD Million, 2014 2025) Vials
o
Small (<30 ml)
o
Large (>30 ml)
Bottles o
Small (<30 ml)
o
Large (>30 ml)
Cartridges & Syringes
Ampoules
Pharmaceutical Glass Packaging Drug Type Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025) Generic
Branded
Biologic
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Pharmaceutical Glass Packaging Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 2025) North America o
Europe o
Germany
o
France
o
Italy
o
U.K.
o
Spain
Asia Pacific o
China
o
India
o
Japan
o
South Korea
Central & South America o
U.S.
Brazil
Middle East & Africa
Table of Contents Chapter 1 Methodology and Scope 1.1 Information Procurement 1.1.1 Purchased Database 1.1.2 GVR’s Internal Database 1.1.3 Secondary Sources 1.1.4 Third Party Perspective 1.1.5 Primary Research 1.2 Information Analysis & Data Analysis Models 1.3 List to Data Sources Chapter 2 Executive Summary 2.1 Market Insights 2.2 Segmental Insights 2.3 Competitive Insights
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Chapter 3 Market Variables, Trends & Scope 3.1 Market Lineage Outlook 3.1.1 Parent Market Outlook 3.1.2 Related Market Outlook 3.2 Penetration & Growth Prospect Mapping 3.3 Value Chain Analysis 3.3.1 Raw Material Trends 3.3.1.1 Major Raw Material Analysis 3.3.1.2 Procurement Best Practices 3.3.2 Manufacturing trends 3.3.2.1 Technology Trends 3.3.2.2 Outsourcing and contract manufacturing trends 3.3.3 Cost structure and profit margin analysis 3.3.3.1 Profit margin and cost analysis 3.3.4 Sales channel analysis 3.3.5 Vendor selection criteria 3.4 Regulatory Framework 3.5 Market Dynamics Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058
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