Report ID: SQMIG15G2097
Report ID:
SQMIG15G2097 |
Region:
Global |
Published Date: December, 2024
Pages:
207
|
Tables:
91 |
Figures:
71
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.
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Report ID: SQMIG15G2097