CAGR: 9.5%Current Market Size: USD 18 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global pharmaceutical glass packaging market is expected to grow from USD 18 billion in 2022 to USD 37.2 billion by 2030, at a CAGR of 9.5% during the Projection period 2023-2030. The growth of the pharmaceutical glass packaging market is mainly driven by the increase in pharmaceutical preparations.
Pharmaceutical formulation is a procedure that creates a finished pharmaceutical product by combining the active pharmaceutical components with various excipients such as binders, adhesives, diluents, and lubricants. Glass containers have always been the first option for packaging medicinal compositions. Glass is an inorganic substance that, when heated, cools without crystallising and solidifies. Packaging that includes some boric acid, aluminium oxide, and alkali or alkaline earth oxide is frequently made of borosilicate glass. A pharmaceutical product's packaging is a crucial component. The pharmaceutical industry's design, fabrication, testing, and distribution of packages is known as pharmaceutical packaging. Protection of a product from numerous harms and outside environmental variables is the goal of packaging. Since many pharmaceutical formulations are resistant to air, moisture, and light, protection is required to guarantee that a product's medical characteristics will not change. Glass is the most often used material in pharmaceutical packaging, while plastic and metal are also utilised. The stability and safety of medicines are significantly influenced by packaging. Based on their ability to safeguard products, packaging materials are selected. Packaging keeps a product in its original state throughout the logistical chain from manufacturer to the ultimate user. This has a significant role in the glass packaging for pharmaceuticals.
Sample Request: - Global Pharmaceutical Glass Packaging Market
Pharmaceutical glass packaging shields the product from physical harm, avoids biological contamination and lessens the susceptibility of the medication to breakdown processes including hydrolysis and oxidation. As a result, the growing pharmaceutical business serves as the main driver of market expansion. The demand for the product is also being boosted by the expanding requirement to increase the shelf life of pharmaceuticals as well as the increased use of generic medications and injectables. In addition, the market is being stimulated by the widespread occurrence of chronic diseases like diabetes, rising healthcare awareness among the populace, and rising income levels. Additionally, many nations' governments are taking positive steps to promote the use of recycled glass to lessen carbon emissions and provide a safer and greener environment.
Due to poverty, the emergence of disorganized healthcare systems, a lack of adequate infrastructure, and low literacy rates, lack of access to the market is a factor that is causing the market to be restrained. In addition, inadequate staffing, aging equipment, and a lack of knowledge of healthcare procedures are significant barriers to market expansion. Additionally, because plastic packaging can replace glass packaging, the market's development will be constrained by the rising popularity of alternative packaging.
Global health awareness is growing, which has opened up the new market potential for pharmaceutical glass packaging. Government agencies in developing nations are making efforts to build healthcare systems, which could result in more prospects for the market for pharmaceutical glass packaging. High demand for glass packaging could result from the development of new glass kinds. Since boron-free glass has been made available, the market for pharmaceutical glass packaging is anticipated to open up new opportunities. A new wave of opportunities for the pharmaceutical glass packaging market may result from the use of innovative technologies to enhance the process of pharmaceutical glass packaging.
Numerous glass ampoules, vials, and syringes have been recalled in North America due to glass breakages. There have also been recalling due to several additional syringe-related issues. Due to rubber plunger leaching from prefilled syringes, EPREX prefillable syringes were recalled. Patients utilizing the prefilled EPREX syringes had pure red cell aplasia as a result of the leachable. The uneven silicone oil coating on the syringe barrel, which only allowed for partial drug injection, was another reason for a syringe product recall. In October 2010, Amgen recalled five lots of Enbrel pre-fillable syringes. Due to glass breakage, Johnson & Johnson recalled 70,000 prefilled antipsychotic syringes in February 2011.
The global pharmaceutical glass packaging market has been segmented based on thickness, type, application and region.
The product segment is bottles, vials, cartridges & syringes, and ampoules. The vials segment led the largest share of the pharmaceutical glass packaging market with a market share of around 40% in 2022. Vials are anticipated to dominate the market segment with the second-fastest growth rate after ampoules due to their strong analytical performance and excellent sustainability. As a result, from 33.2% in 2021, the vials segment is anticipated to see an increase in market share during the Projection period. Glass vials are made of Type 1 borosilicate glass, which gives them the desired chemical resistance qualities.
By Drug Type
The drug type segment is branded, biologic and generic. The generic segment led the largest share of the pharmaceutical glass packaging market with a market share of around 35% in 2022. Due to an ageing population, an increase in chronic disease cases, and an increase in drug patent expirations, the need for generic medications has increased on a global scale during the past several years. Additionally, it is projected that attempts by governments and healthcare providers to cut healthcare spending, prescription costs, and coverage costs will increase the use of generic medications. Given its regulatory simplicity and exceptional barrier properties, pharmaceutical glass packaging is projected to see an increase in demand as generic drug use rises.
Global Pharmaceutical Glass Packaging Market - Sales Analysis.
The sale of the pharmaceutical glass packaging market expanded at a CAGR of 7% from 2016 to 2022.
The rising demand for product packaging is a key motivator. According to a study, 70% of people prefer attractive packaging for the products they buy. The market for pharmaceutical glass packaging has expanded along with the demand for glass containers. The market expanded quickly as a result of a change in a new type of packaging that included radio frequency identification technology, child-resistant technology, and other enhanced features. Increased competition in a market is significantly influenced by brand protection to stop counterfeiting.
Glass is frequently used to package a variety of pharmaceutical products. Ultra-resistant borosilicate glass, soda-lime glass with a surface treatment, regular soda-lime glass, and soda-lime glass for general use are some of the commonly used pharmaceutical glass packaging materials. By preventing ambient gases like carbon dioxide and oxygen from accessing the main container, it eliminates the possibility of medication contamination. Additionally, it helps pharmaceutical items keep their fresh longer and stops volatile chemicals from escaping, improving medicine stability. Additionally, tinted glass can shield contents from ultraviolet (UV) rays and particular wavelengths. Examples include amber and red-colored glass. Due to its exceptional strength, durability, transparency, recyclability, and chemical resistance, pharmaceutical glass packaging has quickly gained popularity in recent years.
Thus, owing to the aforementioned factors, the global pharmaceutical glass packaging market is expected to grow at a CAGR of 9.5% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the pharmaceutical glass packaging market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America region dominated the pharmaceutical glass packaging market and held a 39% share of the market revenue in 2022.
Global Pharmaceutical Glass Packaging Market - Country Analysis:
Germany's pharmaceutical glass packaging market size was valued at USD 0.14 billion in 2022 and is expected to reach USD 0.17 billion by 2030, at a CAGR of 2.7% from 2023 to 2030. One of the main strengths of the European economy is the research-based pharmaceutical sector. The growth of medical advances through research, development, and the introduction of new medications aimed at enhancing the health and quality of life of people in the area has led to an increase in the pharmaceutical glass packaging sector. In the pharmaceutical industry, it is anticipated that a key factor separating the strengths of the European research-based industry from its American counterparts will be the national regulation that suppresses prices and profits and fragments the market.
China’s pharmaceutical glass packaging market size was valued at USD 0.25 billion in 2022 and is expected to reach USD 0.33 billion by 2030, at a CAGR of 3.7% from 2023 to 2030. In nations like China, the market for glass packaging for pharmaceuticals has demonstrated exceptional penetration. The penetration of pharmaceutical glass packaging is rising in developed nations due to increasing usage. Opportunities are being created for the China pharmaceutical glass packaging market by the expanding healthcare and pharmaceutical industries in emerging nations as a result of COVID-19.
India's pharmaceutical glass packaging market size was valued at USD 0.22 billion in 2022 and is expected to reach USD 0.28 billion by 2030, at a CAGR of 3.3% from 2023 to 2030. The market is driven by rising health consciousness and the adoption of novel methods for storing liquid medications. Manufacturing of pharmaceutical glass packaging benefits from the rising need for ready-to-use glass vials.
Key Industry Players Analysis:
To increase their market position in the global pharmaceutical glass packaging market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Scope of the Report
Global Pharmaceutical Glass Packaging Market By Product:
Global Pharmaceutical Glass Packaging Market By Drug Type:
Global Pharmaceutical Glass Packaging Market By Region:
Global pharmaceutical glass packaging market is expected to reach USD 37.2 billion by 2030.
The pharmaceutical glass packaging market is projected to have a CAGR of 9.5%.
The demand for waxing base paper is anticipated to increase with the growing demand for on-the-go and fast food products globally. This factor is expected to create immense opportunities for packaging manufacturers to grow along with the market. Food companies are looking for packaging manufacturers who can offer high-quality and efficient packaging solutions at cheaper costs.
Leading market players active in the global pharmaceutical glass packaging market are SCHOTT AG, Corning Inc, GERRESHEIMERE, Stolzle-Oberglas Gmbh, Beatson Clark, Bormioli Pharma, Nipro Corporation, Arab Pharmaceutical Glass.Co, West Pharmaceutical Services, Piramal Enterprises, etc. among others.
Based on the drug type, the global pharmaceutical glass packaging market has been segmented into branded, biologic and generic.
Political Factors- Pressure groups can alter the business environment by forming strong media alliances. These organisations are under pressure from these groups, which organise marketing campaigns and arrange protests. The market for pharmaceutical glass packaging needs to keep an eye on these pressure organisations because they have the ability to affect government policy, which could ultimately have an effect on the broader business climate. The market for pharmaceutical glass packaging market should collaborate closely with these groups in order to earn their trust. To build closer ties with the community, it should also invest in moral and philanthropic initiatives.
Economic Factors- In established industries on the verge of saturation, it may be more challenging to achieve growth goals for the pharmaceutical glass packaging market. Therefore, the industry lifecycle stage must be taken into consideration while choosing the countries for international expansion. The performance of the market for equipment used in minimally invasive cataract surgery is significantly influenced by the workforce's abilities and capabilities. The market for pharmaceutical glass packaging requires skilled individuals to be readily available as needed in order to remain competitive. The market for pharmaceutical glass packaging should look at trends in labour demand and supply to understand how employees with the necessary skill set could be employed successfully. Strong worker unions and a constrained labour market can have a number of negative effects on the market for pharmaceutical glass packaging.
Social factors- Respect for hierarchy and social class stratification are two important social traits that could have an impact on the commercial, marketing, and human resource management strategies for the market for pharmaceutical glass packaging. The pharmaceutical glass packaging market is most at ease in hierarchical structures with formal work cultures when entering high power distance countries. Increased social stratification is another sign of the need for effective market segmentation strategies, as the market for pharmaceutical glass packaging cannot target many different groups from different social classes using the same marketing mix.
Technological Factors- Since these countries make it easier for firms to pursue objectives like cost reduction, innovation, and value creation, the market for pharmaceutical glass packaging should favour these countries. It also indicates that it will be more challenging for the market for minimally invasive cataract surgery devices to use technology to sustainably achieve a competitive edge because it might be quickly replicated by competitors. The market and industry as a whole may be affected by the speed and advancement of technological innovation. By studying the upcoming technological innovation trends, the pharmaceutical glass packaging market will be able to comprehend the pace of new product creation, the length of the product life cycle, and the distinctive features consumers prefer.
Environmental Factors- A significant trend in many industries is the development of renewable technology to reduce reliance on natural resources. The market for pharmaceutical glass packaging market should evaluate how effectively a country's technological infrastructure supports the use of renewable technologies in order to capitalise on this environmental trend. Governments in certain regions of the world offer alluring incentives to adopt renewable energy. By seizing the chance and making investments in renewable energy sources, the pharmaceutical glass packaging market market may be able to reach its objectives for sustainable business development.
Legal Factors- Strict adherence to intellectual property laws makes the business climate safer for markets like the pharmaceutical glass packaging market since their patents are protected against imitation, leading to a long-lasting competitive advantage. In many countries, there are numerous federal and state laws in place to safeguard consumers against potential economic exploitation. In the era of information technology, laws have become considerably stricter to safeguard consumer privacy. In order to avoid lawsuits, the pharmaceutical glass packaging market industry must rigorously adhere to the data privacy regulations when conducting online transactions.
List of Table
List of Figures
Single UserUS$ 3500
Multi UserUS$ 4250
Corporate UserUS$ 4400