The global Pharmaceutical Glass Packaging market size is expected to be worth around US$ 40.87 billion by 2030, according to a new report by Vision Research Reports.
The global Pharmaceutical Glass Packaging market size was valued at US$ 15.99 billion in 2020 and is anticipated to grow at a CAGR of 8.10% during forecast period 2021 to 2030.
The product demand is projected to be driven by the growth in the pharma industry in emerging regions, such as Asia Pacific.
The cost-sensitivity in the healthcare sector and the growing significance of biotech drugs have resulted in the establishment of stringent regulations related to drug delivery products. Many pharmaceutical drug manufacturing companies are focusing on increasing the shelf life of a drug and are therefore making investments in the research and development of glass vials. The newly-developed products are expected to boost the demand for glass vials.
Generic drugs has been the fastest-growing drug type segment and is expected to maintain rapid growth over the forecast period. This is due to the significant increase in the volume of generics, which is estimated to face a change in the market dynamics primarily due to the increased competitive intensity and customer consolidation in the U.S., which has a strong presence of several global pharma companies.
The bottles was the largest product segment in 2020 and accounted for over 35% of the overall revenue share. The market has been segmented on the basis of product into ampoules, bottles, vials, syringes and cartridges. Glass bottles used for pharma packaging are categorized into two types, small and large bottles. The large glass bottles are used for the packaging of reagents as well as transfusion and infusion bottles. The small glass bottles are used for the packaging of syrup bottles and other oral liquids.
The small bottles segment is expected to witness considerable growth on account of numerous new opportunities including the rising consumption of oral tablets that are packaged in small bottles. Vials have high analytical performance and great sustainability, which is expected to drive the segment with the second-fastest growth rate after ampoules during the forecast years. Vials are made from Type 1 borosilicate glass, which imparts the desired chemical resistance properties to the glass vials.
Ampoules is expected to be the fastest-growing product segment from 2021 to 2028. Ampoules that are largely developed from glass are anticipated to grow with the most attractive CAGR, in terms of revenue, during the forecast period owing to their high microbiological control and high chemical resistance and the ability of glass to filter specific wavelengths. A large number of ampoules are produced in compliance with the DIN ISO EN 9187-1/2 standard in sealed designs, funnel-type, and straight-stem.
Generic drug type led the market and accounted for more than 71% share of the global revenue in 2020. The global market for generic drugs has seen high growth in the past few years due to increasing cases of chronic diseases, a growing aging population, and a rise in the expiration of drug patents. Furthermore, the efforts from governments and healthcare service providers to reduce the healthcare expenditure & drug prices and provision of health insurance coverage are anticipated to fuel the consumption of generic drugs. This is expected to ascend the demand for pharma glass packaging.
The high demand for biologic drugs is attributed to their ability to treat chronic diseases, especially certain forms of autoimmune diseases and cancer. However, glass delamination and chipping that results from surface degradation is anticipated to lower the growth of primary glass packaging for biologic drugs. The generic drug segment in North America is expected to witness a higher growth than branded segment, both in terms of volume and revenue, as it is affordable, whereas the patent expirations are going to further led the branded segment to have a moderate growth rate. The primary glass packaging is expected to show a sluggish growth on account of decreased volume sales of branded drugs.
The pharma industry is expected to largely benefit from biologics as they cater to therapeutic aspects that are underserved. The competition for biologics has remained low resulting in moderate growth of the segment, thereby slowing the growth of the segment in the market. The U.S. is home to many pharma giants and therefore is expected to be a key region for various business activities related to pharma glass packaging. The customer consolidation and increased competitive intensity in the country is expected to result in a significant increase in the volume of generic drug sales causing rapid change in market dynamics. This change coupled with patent expirations of numerous drugs is expected to constrain the branded product sales in the country.
North America led the market and accounted for more than 36% of the global revenue share in 2020. The developing markets are expected to witness a surge in spending in the pharma industry over the upcoming years. The U.S. is expected to remain a key driver and most important market for the growth of the pharmaceutical sector in the region with innovative products leading the growth. This growth is expected to be also aided by the rise in generics in the region that are anticipated to witness consistently high demand, in terms of volume and sales.
Asia Pacific is expected to register the fastest CAGR over the forecast period. Increased cases of chronic ailments, increased healthcare awareness, and rising income levels are expected to aid the growth of emerging markets in Asia Pacific. The governments in the Asia Pacific region are expanding their private and public healthcare coverage as a result of the increased awareness. The efforts of governments in developing economies to promote low-cost generic drugs and reduce healthcare costs are expected to result in an increased volume of pharma products further fueling the market growth in APAC.
Bormioli Pharma S.r.l
West Pharmaceutical Services, Inc.
Shandong Medicinal Glass Co., Ltd.
Ardagh Group S.A.
Arab Pharmaceutical Glass Co.
Piramal Enterprises Ltd.
Cartridges & Syringes
Drug Type Outlook
Central & South America
Middle East & Africa (MEA)
The Pharmaceutical Glass Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Pharmaceutical Glass Packaging market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Pharmaceutical Glass Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Pharmaceutical Glass Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Pharmaceutical Glass Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Pharmaceutical Glass Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Pharmaceutical Glass Packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Pharmaceutical Glass Packaging market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Pharmaceutical Glass Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Pharmaceutical Glass Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Pharmaceutical Glass Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Pharmaceutical Glass Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Pharmaceutical Glass Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Pharmaceutical Glass Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Pharmaceutical Glass Packaging market. These factors have benefited the growth of the global market for Pharmaceutical Glass Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Pharmaceutical Glass Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Pharmaceutical Glass Packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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