Pharmaceutical Glass Packaging Market

Analysts at GMI Research estimates that the Pharmaceutical Glass Packaging Market was worth USD 4,852 million in 2022, and forecast to touch USD 9,527 million in 2030, growing at a CAGR of 8.8% from 2023-2030.

Introduction of the Pharmaceutical Glass Packaging Market Report

Pharmaceutical glass packaging refers to the use of glass containers as the primary packaging material for medicines in the pharmaceutical industry. Glass is one of the preferred packaging materials due to its properties that allow easy sterilization and visibility of the product it contains.

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Market Dynamic

Key Drivers and Emerging Trends

The growing healthcare industry together with the rising healthcare awareness among the population, the continuous advancement in the development of pharmaceutical products, and the growing need for the safe transportation, storage, and administration of medicines are some of the factors driving the growth of the pharmaceutical glass packaging market size. In addition, the growing prevalence of chronic diseases, the recent outbreak of the COVID 19 pandemic, and increasing demand for sustainable and recyclable packaging solutions in the healthcare industry are further promoting the demand for pharmaceutical glass packaging over the forecast period.

Moreover, pharmaceutical glass packaging offer several benefits that include hydrolytic resistance, rigidity, superior protective qualities, high transparency that allows easy inspection of contents, and offers better protection against air and moisture. Furthermore, according to a Flexible Packaging Association (FPA) survey of 2,120 consumers, 60% consumers are willing to pay more for functional packaging benefits that include easy storage, easy opening, and resealability, which is expected to contribute to the growing demand for glass packaging of pharmaceutical products.

Restraint in the Pharmaceutical Glass Packaging Market

However, fluctuation in the cost of raw materials and the high manufacturing cost of pharmaceutical glass packaging is one of the major factors expected to hamper the growth of the market. Moreover, glass containers are fragile and relatively heavy which may further restraint the market growth.

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Product – Segment Analysis

Based on the product, glass bottle is expected to hold a prominent share in the pharmaceutical glass packaging market owing to the extensive use of glass bottles for storing liquid medicines. In addition, glass bottles usually have a narrow neck and mouth that offers various advantages including easy opening, easy pouring out of medicines, and limited evaporation. Additionally, colored glass bottles can protect their content from ultraviolet rays and certain wavelengths, which further accelerate the market growth.

On the other hand, ampoules are expected to grow at a substantial rate over the forecast period primarily due to their extensive use for the packaging of injection drugs. Moreover, the outbreak of the COVID-19 pandemic has further increased the demand for ampoules for packaging vaccines owing to their benefit of protecting vaccines against external severe temperature, and weather fluctuations.

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Regional – Segment Analysis:

North America is expected to account for a significant share in the pharmaceutical glass packaging market over the forecast period. This is primarily due to the growing healthcare awareness coupled with the rising demand for eco-friendly medicine packaging among consumers, and the increasing government healthcare spending in the region. According to the U.S. Centers for Medicare & Medicaid Services (CMS), the health spending in the U.S. is projected to grow at a rate of 5.4 % annually for 2019-28 and it is expected to reach $6.2 trillion by 2028. This is expected to escalate the growth of the pharmaceutical glass packaging market share in North America.

Top Market Players

Several leading Pharmaceutical Glass Packaging companies operating in the market, include Schott AG, Gerresheimer AG, Corning Incorporated, SGD Pharma, Stoelzle Glass Group, Bormioli Pharma S.p.A., West Pharmaceutical Services, Inc., Shandong Medicinal Glass Co., Ltd., Beatson Clark, and Ardagh Group S.A. among others.

Key Developments:

• • In 2021, Schott AG and Serum Institute of India announced a joint venture for pharmaceutical packaging. SII acquired a 50% stake in specialty glass company Schott Kaisha.
  • West Pharmaceutical Services, a provider of solutions for injectable drug administration, entered into a partnership with Schott AG for combining the iQ platform of Schott AG with the Ready Pack system of West.

Segments Covered in the Report:

The global Pharmaceutical Glass Packaging market has been segmented on the basis of resin type, technology, application, and key regions. Based on the product, the market is segmented into bottles, vials, ampoules, cartridges & syringes, and others.

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Key questions answered in this research report:

• • At what pace is global Pharmaceutical Glass Packaging market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Pharmaceutical Glass Packaging Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Pharmaceutical Glass Packaging Market?
  • Which product generated maximum revenues in 2020 and identify the most promising product during the forecast period?
  • What are the various products of global Pharmaceutical Glass Packaging Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Pharmaceutical Glass Packaging Market by Product

• • Bottles
  • Vials
  • Ampoules
  • Cartridges & Syringes
  • Others

Global Pharmaceutical Glass Packaging Market by Region

• • North America Pharmaceutical Glass Packaging Market (Option 1: As a part of the free 25% customization)

    • By Product
    • US Market All-Up
    • Canada Market All-Up

  • Europe Pharmaceutical Glass Packaging Market (Option 2: As a part of the free 25% customization)

    • By Product
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Pharmaceutical Glass Packaging Market (Option 3: As a part of the free 25% customization)

    • By Product
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Pharmaceutical Glass Packaging Market (Option 4: As a part of the free 25% customization)

    • By Product
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Pharmaceutical Glass Packaging Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Schott AG
  • Gerresheimer AG
  • Corning Incorporated
  • SGD Pharma
  • Stoelzle Glass Group
  • Bormioli Pharma S.p.A.
  • West Pharmaceutical Services, Inc.
  • Shandong Medicinal Glass Co., Ltd.
  • Beatson Clark
  • Ardagh Group S.A.