Saudi Arabia Pharmaceutical Glass Packaging Market Report and Forecast 2024-2032

Saudi Arabia Pharmaceutical Glass Packaging Market Outlook

The Saudi Arabia pharmaceutical glass packaging market size reached approximately USD 298.55 million in 2023. The market is further projected to grow at a CAGR of 9.2% between 2024 and 2032, reaching a value of USD 662.06 million by 2032.

Key Trends in the Market

Pharmaceutical glass packaging is essential for ensuring the efficacy and safety of the pharmaceutical products. They include vials, bottles and containers, cartridges and syringes, and ampoules, among others. These packaging do not physically and chemically interact with the contained pharmaceutical products including drugs and reagents, among others.

• The expansion of the pharmaceutical sector owing to the rising demand for medicines and other pharmaceutical products in the country is aiding the Saudi Arabia pharmaceutical glass packaging market growth. Glass packaging offer various advantages including temperature and chemical resistance and leak protection, among others, resulting in their increased utilisation by the pharmaceutical sector.

• Increased investments by various key market players towards product innovations and strategic collaborations are further supporting the market expansion in Saudi Arabia. Such collaborations and partnerships are also addressing the evolving requirements of the pharmaceutical sector and enhancing patient treatments by supporting the development of advanced injectable drug packaging solutions.

• The introduction of strict rules and regulations to ensure the quality of drugs, pharmaceutical reagents, and cost sensitive medications have boosted the research and development efforts in the country. These efforts are aiding the production of packaging that boost the shelf life of the medicinal components.

Saudi Arabia Pharmaceutical Glass Packaging Market Analysis

On the basis of product, the market is divided into bottles and containers, vials, ampoules, and cartridges and syringes, among others. Based on glass type, the market is categorised into type I, type II, and type III. On the basis of application, the Saudi Arabia pharmaceutical glass packaging market segmentation includes branded, biological, and generic.

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. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Becton, Dickinson and Company 

• Pharmaceutical Solutions Industry Ltd. 

• DWK Life Sciences GmbH 

• Corning Incorporated 

• Middle East Glass 

• Others

Market Share by Product

Bottles and containers are anticipated to account for a significant Saudi Arabia pharmaceutical glass packaging market share. This growth can be attributed to the rising demand for glass bottles for packaging of oral pills and syrups owing to the increasing health concerns and growing prevalence of non-communicable diseases in the country. Additionally, the unique combination of transparency and chemical durability and leak prevention properties of glass bottles and containers have further boosted their adoption by the pharmaceutical sector as they allow the outward assessment of the components inside while providing protection against spillage and contamination.

Market Share by Application

Generic applications are expected to account for a significant share of the market owing to the rising requirement for reliable packaging solutions for ensuring the safety and efficacy of generic drugs. Glass packaging ensures the potency of generic medications and provides them protection against various external factors, boosting the Saudi Arabia pharmaceutical glass packaging market demand. The increasing sale of generic drugs can also be attributed to the rising expiration of drug patents, growing prevalence of various diseases, and increasing aging population in Saudi Arabia, supporting the segment growth.

Competitive Landscape

Becton, Dickinson and Company, headquartered in New Jersey, United States, is a medical equipment manufacturing company that is dedicated towards improving medical discovery so as to enhance the world of healthcare. The company also offers consulting services in various regions around the globe.

DWK Life Sciences GmbH is a global supplier and manufacturer of primary packaging solutions required by diagnostic, life science research, and pharmaceutical sectors. The company is also known for supplying precision labware.

Corning Incorporated, founded in 1851 and headquartered in New York, United States is an innovator in material science. The company applies unparalleled expertise in optical physics, glass science, and ceramic science to engineer and manufacture category-defining products.

Other Saudi Arabia pharmaceutical glass packaging market key players include Pharmaceutical Solutions Industry Ltd. and Middle East Glass, among others.

Key Highlights of the Report