You are currently viewing Global Pharmaceutical Glass Packaging Market to be Driven by Emerging Economies and Growing Demand for Glass Bottles in the Forecast Period of 2024-2032

Global Pharmaceutical Glass Packaging Market to be Driven by Emerging Economies and Growing Demand for Glass Bottles in the Forecast Period of 2024-2032

The new report by Expert Market Research titled, ‘Global Pharmaceutical Glass Packaging Market Size, Report and Forecast 2024-2032’, gives an in-depth analysis of the global pharmaceutical glass packaging market, assessing the market based on its segments like product type, drug type, application and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2032)

  • Historical Market Size (2023): USD 18.32 Billion
  • Forecast CAGR (2024-2032): 7%
  • Forecast Market Size (2032): USD 27.48 Billion

The growth of the pharmaceutical industry in emerging economies is driving demand. Glass packaging manufacturers and suppliers are focusing on shifting their base to China, India, and Brazil as a result of the increasing opportunities presented by the pharmaceutical industry in these countries, especially in the generics sector. The increased market value of glass as a result of its recyclability is driving demand. Since glass makes up most of the pharmaceutical packaging, it accounts for a very small percentage of waste. Glass packaging is also 100% recyclable, making it a green packaging alternative that is contributing to the growth of the pharmaceutical glass packaging industry.

Industry Definition and Major Segments

During storage, carriage, and display, packaging refers to the process of providing protection, appearance, identity, information convenience, and enforcement for products. Packaging also aids in the differentiation of a company’s products from those of its competitors. Pharmaceutical packaging is an essential part of the pharmaceutical industry’s delivery system for goods and drugs. Pharmaceutical packaging equipment can package solids, semi-solids, liquids, and other pharmaceuticals. It aids in the reduction of pharmaceutical product production time, allowing for more innovation and creativity in drug delivery systems and customized drugs.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/pharmaceutical-glass-packaging-market

Based on product, the market is divided into:

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

Based on drug type, the market is segmented into:

  • Generic
  • Branded
  • Biologic

By application, the industry is categorised into:

  • Oral
  • Injectable
  • Nasal
  • Others

The global regions for the pharmaceutical glass packaging market include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Pharmaceuticals are usually packaged in glass bottles in the pharmaceutical industry. Pharmaceutical glass bottles must adhere to strict tolerance standards since they are often filled in high-speed lines. When compared to polyethylene terephthalate (PET), glass has far fewer negative effects on humans and the environment, making it the most environmentally friendly packaging medium. In the pharmaceutical industry, as well as in ophthalmic settings and for essential oils and aromatherapy, dropper bottles are used. Demand for these bottles is expected to rise over the forecast period, owing to the rising popularity of vape liquids.

Key Market Players

The major players in the market are Ardagh Group S.A., Bormioli Pharma S.r.l., Piramal Glass Private Limited, Schott AG, Sisecam, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.