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Pharmaceutical Glass Packaging Market Analysis, Future Demand, Opportunities, Segmentation, Development and Forecast by 2017

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The global pharmaceutical

glass packaging market Report


 is set to gain momentum from the increasing development

of new types of glasses owing to the high demand from the pharmaceutical

industry. This information is given by Fortune Business Insights™ in a new

study, titled, “Pharmaceutical Glass Packaging Market Size, Share &

Industry Analysis, By Product (Vials & Ampoules, Bottles, Cartridges, and

Syringes), By Drug Type (Generic, Branded, and Biologic), and Regional

Forecast, 2020-2027.” The study further mentions that the pharmaceutical glass

packaging market size was USD 6.31 billion in 2019 and is projected to reach

USD 10.76 billion by 2027, exhibiting a CAGR of 6.3% during the forecast period.



Surging Demand for Drugs Associated with COVID-19 to Affect Growth

Positively



The COVID-19 pandemic has severely

affected a large number of industries worldwide. But, the pharmaceutical

industry was least impacted as governments of various countries declared it to

be essential. Many pharmaceutical glass packaging manufacturers are experiencing

high demand forCOVID-19-related products. Hence, they are implementing novel

technologies to automate their operations. Our research reports will help you

better understand the current scenario of the market so that you can adopt the

right strategy.



How Did We Create This Report?



As customer expectations are

changing, the aspirations of dealers are also transforming rapidly.

Distribution channels are becoming complex. To provide our clients with

detailed information, we have conducted extensive primary and secondary

research. We have thoroughly investigatedeach opportunityqualitatively and quantitatively

so that our clients get a complete picture of both emerging and existing

opportunities in the market forpharmaceutical glass packaging. We have also

conducted a techno-economic study.



Drivers & Restraints-



Rising Awareness of Health to Favor Growth



The pharmaceutical industry is

expanding rapidly across the globe. The rising expenditure on public healthcare

systems, increasing awareness of health, and astonishingly surging population

are the prime factors for the pharmaceutical glass packaging market growth in

the upcoming years. However, the industry is making more usage of plastic

packaging nowadays backed by its impact resistance, cost effectiveness, easy

molding, and flexibility properties. It may lower the demand for pharmaceutical

glass packaging.



Segment-



CartridgesSegment to Grow Steadily Fueled by High Demand for Self-administered

Injectables



Based on the product, the

cartridges segment generated 11.0% in terms of the pharmaceutical glass

packaging market share in 2019. This growth is attributable to the increasing

demand for multi-dosage and self-administeredinjectables. The bottles segment

is expected to remain at the forefront stoked by the rising preference for such

pharmaceutical glass packagingas they can contain ophthalmic products, syrups,

capsules, and tablets.



Regional Insights-



Increasing Spending on Healthcare to Help North America Remain at the

Forefront



Geographically, North America

procured USD 2.12 billion in 2019 in terms of revenue. The ongoing expansion of

the pharmaceutical industry would propel the regional growth. Besides, the increasing

prevalence of various diseases, as well as surging spending on healthcare is

likely to propel growth.



Europe, on the other hand, is projected

to remain in the second position throughout the forthcoming years on account of

the rising government guidelines for controlling the transmission of COVID-19.

Italy, Germany, and the U.K. are considered to be the main contributors to this

growth. In Latin America, governments are implementing new policies, such as favorable

tariff protection. Coupled with this, the increasing geriatric population would

accelerate the demand forpharmaceutical glass packaging.



Competitive Landscape-



Key Players Focus on Launching Innovative Packaging Solutions to Strengthen

Their Positions



The global market for pharmaceutical

glass packaging houses multiple reputed companies that are presently focusing

on developing unique products to cater to the high demand worldwide. Also, the

COVID-19 pandemic has resulted in the high demand for robust packaging. Below

is one of the latest industry developments:



·        

March 2019

:SCHOTTunveiledEVERIC™,

new generation of ultra-pure pharmaceutical vials in the market. The new

product will allow pharmaceutical companies to gain access to a state-of-the-art

blend of attributes to pack biologic drugs. At the same time, they can keep up

with the current quality requirements of finish lines and fill.



A list of all the prominent pharmaceutical glass packaging manufacturers

operating in the global market

:



·        

Corning Inc. (New York, U.S.)



·        

Nipro Corporation (Osaka, Japan)



·        

SCHOTT (Mainz, Germany)



·        

Gerresheimer AG (Dusseldorf, Germany)



·        

SGD S.A. (France)



·        

Stölzle-Oberglas GmbH (Köflach, Austria)



·        

Bormioli Pharma (Philadelphia, U.S.)



·        

West Pharmaceutical Services, Inc. (Pennsylvania, U.S.)



·        

Shandong Medicinal Glass Co., Ltd. (China)



·        

Beatson Clark (U.K.)



·        

Şişecam Group (Tuzla, Turkey)



·        

Others



Information Source:



https://www.fortunebusinessinsights.com/pharmaceutical-glass-packaging-market-104710



              About Us:



Fortune Business Insights™ offers expert

corporate analysis and accurate data, helping organizations of all sizes make

timely decisions. We tailor innovative solutions for our clients, assisting

them to address challenges distinct to their businesses. Our goal is to empower

our clients with holistic market intelligence, giving a granular overview of

the market they are operating in.



Contact

Us:



Fortune Business Insights™ Pvt. Ltd.



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