USD 18 billion
Report ID:
SQMIG15G2097 |
Region:
Global |
Published Date: December, 2024
Pages:
207
|Tables:
0
|Figures:
0
Pharmaceutical Glass Packaging Market size was valued at USD 20.02 Billion in 2023 and is poised to grow from USD 21.94 Billion in 2024 to USD 45.69 Billion by 2032, growing at a CAGR of 9.6% during the forecast period (2025-2032).
The primary factors propelling the market's expansion are the expanding pharmaceutical sector and consumers' preference for glass medications due to their advantageous qualities. Glass recycling is growing quickly worldwide, particularly in developed nations in the western hemisphere and European regions. Pharmaceutical research, development, and manufacturing are all included in this industry. These materials are stored and packaged using pharmaceutical glass containers, strong acids, and alkalis. The main trend that is gaining pace in the global pharmaceutical glass packaging market is technological developments. Large pharmaceutical logistics companies are creating innovative technologies to improve their market position.
The pharmaceutical industry's growing adoption of environmentally friendly packaging techniques. Pharmaceutical firms are under pressure to reduce waste creation, and their carbon footprint as environmental concerns grow, and consumers seek eco-friendly alternatives. When it comes to packaging materials, glass jars are considered the best option for the environment since they are 100% recyclable, and they do not react chemically with the contents inside. In addition, the technological advancements in the recycling of glass waste will assist in reducing the cost of the recyclable glass packaging material for the pharmaceutical companies, which is why they are also increasingly adopting the circular economy. Due to developments in printing and labelling technology, personalization and customization are becoming more and more popular in the global pharmaceutical glass packaging market trends.
Global Market Size
USD 18 billion
Largest Segment
vials
Fastest Growth
bottles & jars
Growth Rate
9.7%
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Global Pharmaceutical Glass Packaging Market is segmented by Material, Product, Drug Type and Region. Based on Material, the market is segmented into Type I, Type II, Type, III. Based on Product, the market is segmented into Vials, Bottles, Cartridges and Syringes, Ampoules. Based on Drug Type, the market is segmented into Generic, Branded, Biologic. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
As per categorization by product, the market is classified as vials, bottles & jars, cartridges & syringes, and ampoules. Among these, vials earned the largest share and continue to hold the dominant global pharmaceutical glass packaging market share. There is considerable innovation taking place in the vials segment of the global pharmaceutical glass packaging market owing to changing designs, strong materials, and increased safety. The use of vials has seen an increase due to the rising consumptions of injectables and vaccines especially during and after the global health crisis. Vials occupy a large share over other forms of packaging as they can protect the drug from degradation and contamination, providing an accurate dose of the drug, which is vital for aseptic filling, thus manufactured by all the pharmaceutical companies across the globe.
Due to the rising need for oral medicines, over-the-counter items and dietary products, the bottles & jars segment is projected to grow at the highest rate in the global pharmaceutical glass packaging market. Such containers are preferred due to their ability to provide a tight seal, prevent entry of air and dirt into the containers, and keep the composition of the medications undistorted. There has been a growing preference for glass bottles and jars due to the changing taste and especially demands of consumers in the developing countries where packaging comes with enhanced durability and extended shelf life. Furthermore, these materials are sustainable and recyclable which is in response to the environmental consciousness that is fast growing, hence their use in the pharmaceutical industry is on the rise.
Analysis by Application
The generic drugs segment is experiencing notable innovation in the global pharmaceutical glass packaging market, with manufacturers focusing on cost-effective, high-quality packaging solutions that ensure the stability and efficacy of generic medications. The amphorae and bottles made of glass are used for the storage of such drugs as they are convenient in terms of protection from dirt and preserving even the most delicate compounds. The production of generic drugs prevails in the market as they are cheaper than the branded ones hence the demand in almost all health systems in the world is immense. Their rising popularity in the market and the recent improvements in glass packing that prolong the shelf life and ease its use contribute to the constant growth of the market in the dialysis industry.
The biological drugs segment is poised to be the fastest growing in the global pharmaceutical glass packaging market due to the rising demand for biologics in treating chronic conditions and rare diseases. Biological medicines, such as vaccines and monoclonal antibodies, go through a demanding and complex manufacturing and shipping process that necessitates high quality and sterile packaging for stability, protection from contamination and preserving the therapeutic effect. Due to its reactive and permeability resistant properties, glass is usually the material of choice as it provides a safe and inert medium for these delicate compositions. With the rapid pace of biologics market growth featuring novel developments and a higher uptake of patients, it is likely that the need for premium glass containers designed specifically for biological pharmaceuticals will rise remarkably.
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Asia-Pacific dominates the global pharmaceutical glass packaging market due to its rapidly expanding healthcare sector, large population base, and growing pharmaceutical production. The enhanced requirement for generic and biologic medicines in the region, coupled with the increased healthcare awareness calls for high-grade packaging solutions. In addition, the region is favored due to cheap production costs and supportive government policies for the pharmaceutical sector. As India and China are becoming major centers for the manufacture of pharmaceuticals, the need for the packaging of such medical products in glass vials, bottles, and ampoules is expected to increase, thereby reinforcing the Asia-Pacific regions dominance in the global pharmaceutical glass packaging market outlook.
North America is the fastest-growing region in the global pharmaceutical glass packaging market due to the increasing demand for high-quality, sterile packaging solutions for pharmaceuticals and biologics. The availability of a mature healthcare system in the region along with effective policies creates a demand for safe and dependable packages, especially for biological drugs, vaccines, and injectable solutions. The increasing rate of chronic conditions, the increase of the geriatric population and the rising use of biologics are also driving the demand for high-end packaging technologies. Moreover, the increasing attention on green and sustainable packing materials is also stimulating further expansion within the region and therefore makes North America one of the growing regions within the pharmaceutical glass packaging market.
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Drivers
Rising Demand for Biologics
Growing Focus on Sustainability
Restraints
Alternative Packaging Materials
Regulatory Compliance Challenges
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The global pharmaceutical glass packaging market has access to its top players who compete aggressively by continually coming up with new ideas, output, and environmentally friendly practices to retain their competitive edge. The market is characterized by the presence of large corporations such as Corning Inc, Schott AG, SGD Pharma, Owens-Illinois, and Geeresheimer AG which manufacture and supply a wide range of glass packaging products including vials, bottles, and ampoules. These companies are investing in advanced manufacturing technologies and meeting stringent regulatory standards to address the rising demand for pharmaceutical packaging, especially for biologics and injectables.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global pharmaceutical glass packaging industry is witnessing significant growth driven by factors such as the expansion of the pharmaceutical industry, increasing demand for biologics, and a shift towards sustainable packaging solutions. Glass packaging remains a preferred choice due to its ability to preserve drug stability and sterility. Given the sector’s focus on innovations like glass recycling, alternative packaging solutions and such, it is assumed that it will still retain the lead. The incessant demand for glass containers for biology and increased efforts towards sustainability are indicative of changing times, and therefore, the market targeted is poised to grow for long periods.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 18 billion |
Market size value in 2031 | USD 41.7 billion |
Growth Rate | 9.7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pharmaceutical Glass Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pharmaceutical Glass Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pharmaceutical Glass Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pharmaceutical Glass Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15G2097
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