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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Pharmaceutical Glass Packaging Market Outlook
The global pharmaceutical glass packaging market reached a value of about USD 19.60 billion in 2023. The market for pharmaceutical glass packaging is being driven by emerging economies and growing demand for glass bottles. The market is further expected to grow at a CAGR of 7% in the forecast period of 2024-2032 to reach a value of approximately USD 36.02 billion by 2032.
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Emerging Economies Driving the Pharmaceutical Glass Packaging Industry Growth
The demand is being driven by the growth of the pharmaceutical industry in emerging economies. As a result of the growing opportunities provided by the pharmaceutical industry in these countries, especially in the generics market, glass packaging manufacturers and suppliers are focusing on shifting their base to China, India, and Brazil. The demand is being driven by the increased commodity value of glass as a result of its recyclability. Owing to the bulk of pharmaceutical packaging being made of glass, it accounts for a very small percentage of waste. Glass packaging is also 100% recyclable, making it an environmentally friendly packaging choice and contributing to the market growth of pharmaceutical glass packaging.
Pharmaceutical Glass Packaging: Market Segmentation
Packaging refers to the process of providing security, appearance, identification, information convenience, and compliance for goods during storage, carriage, and display. Packaging also assists in the separation of a company's goods from that of its rivals. Pharmaceutical packaging is an integral component of the industry's distribution mechanism for pharmaceutical goods and medications. Solids, semi-solids, liquids, and other pharmaceuticals can all be packaged with pharmaceutical packaging equipment. It assists in the reduction of manufacturing time for pharmaceutical products, allowing for increased development and creativity in drug delivery systems and customised drugs.
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Based on product, the market is divided into:
- Ampoules
- Bottles
- Vials
- Syringes
- Cartridges
- Others
On the basis of drug type, the market is segmented into:
- Generic
- Branded
- Biologic
By application, the industry is categorised into:
- Oral
- Injectable
- Nasal
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Demand for Glass Bottles Boosting the Growth of Pharmaceutical Glass Packaging Industry
Glass bottles are commonly used in the pharmaceutical industry for the packaging of pharmaceuticals. Since pharmaceutical glass bottles are often filled in high-speed lines, they must follow strict tolerance limits. Glass is being seen as a viable option because, when opposed to polyethylene terephthalate (PET), it has far less harmful effects on humans and the environment, making glass the most environmentally friendly packaging medium. Dropper bottles are used in the pharmaceutical industry, as well as in ophthalmic settings and for essential oils and aromatherapy. Owing to the increasing popularity of vape liquids, demand for these bottles is expected to increase over the forecast period.
Key Industry Players in the Global Pharmaceutical Glass Packaging Market
The report gives a detailed analysis of the following key players in the global pharmaceutical glass packaging market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ardagh Group S.A.
- Bormioli Pharma S.r.l.
- Piramal Glass Private Limited
- Schott AG
- Sisecam
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Drug Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global pharmaceutical glass packaging market attained a value of nearly USD 19.60 billion.
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The major drivers of the market include growing population levels, the rising demand for glass bottles in the pharmaceutical sector, and the increasing usage of glass due to its recyclable benefits.
The key trends guiding the market growth include the rising popularity of vape liquids, the growing demand for sustainable packaging, and the robust growth of the pharmaceuticals sector in emerging markets.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products of pharmaceutical glass packaging considered in the market report are ampoules, bottles, vials, syringes, and cartridges, among others.
The significant drug types considered in the market report are generic, branded and biologic.
The different applications of the product are oral, injectable, and nasal, among others.
The leading players in this market are Ardagh Group S.A., Bormioli Pharma S.r.l., Piramal Glass Private Limited, Schott AG, and Sisecam, amongst others.
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