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The Pharmaceutical Glass Packaging Market size was USD 19.82 billion in 2023 and is expected to Reach USD 42.02 billion by 2031 and grow at a CAGR of 9.85 % over the forecast period of 2024-2031.
Market growth is expected to be driven by the widespread use of generic intravenous medicines, together with strong demand from the pharmaceutical industry. According to the United States Centres for Medicare & Medicaid Services, America's national health care expenditure is projected to grow at an annual rate of 5.5% by 2030 and reach $6250 billion.
As India is a prominent and growing market in the world of medicines, glass packaging demands are estimated to increase rapidly. India is the largest supplier of generic pharmaceuticals in the world, accounting for 20% of all production and meeting over 62% of overall vaccine demand, as indicated by data provided on the Indian Brand Equity Foundation's website. India is the world's largest pharmaceutical market with a value of 42.6 billion USD. In August 2021, the Indian pharmaceutical market increased by 17.8% YOY, compared to 13.7% in July 2020. The revenue of the Indian pharmaceutical industry will increase by more than 13% in FY22.
KEY DRIVERS:
The rise in the pharmaceutical industry and drug development
Due to rapid growth, there is an increasing demand for packaging of medicinal products around the world. The demand for reliable and secure containers such as glass is growing in view of pharmaceutical companies' continued innovation and development of new medicines.
RESTRAIN:
Increased Manufacturing and transportation costs
Compared to some of the plastic alternatives, glass containers can be more costly to produce. The total cost of glass packaging, which affects its competitiveness in the market, can be substantially affected by manufacturing costs, as well as Raw Material and Transport Costs.
OPPORTUNITY:
Technological developments and smart packaging
Safety, security and monitoring of pharmaceutical products may be enhanced by incorporating advanced technology such as smart labels, tamper evident features and digital tracking systems into glass packaging. The opportunity for more patient adherence and transparency in the supply chain is offered by smart packaging solutions.
Rising demand for biopharmaceutical products and specialty medicines
CHALLENGES:
Challenges in the field of logistics and supply chains
Careful handling and specialised logistics, which may have added costs to the supply chain, are necessary due to the fragility of glass. In order to minimise logistical challenges, proper packing, storage and transportation solutions are needed.
The conflict between Russia and Ukraine is having a negative impact on energy supplies of gas and electricity to European glass manufacturers, which has been compounded by the economic crisis in Europe. The temperatures needed for the melting of the mixture, depending on the energy obtained from Russian gas, are driven by the production of glass made out of limestone, soda ash and sand. As a result of the gas shortage, manufacturers in Europe were forced to stop manufacturing bottles, cars and skyscrapers. As Russia is one of the world's largest oil exporters, the sanctions have upset global energy markets, where oil prices are set. Since the day that Russia invaded last year and on June 14, prices of gasoline in the USA have risen by $1.50 per gallon, or 43%, reaching an all time high of $5.04.
Recessions can result in decreasing demand for medicinal products because of the fact that people have fewer funds to pay for healthcare. This could have an adverse effect on the packaging of medicinal products in glass, as there will be decreased demand for such packaging. In comparison with other packaging materials like plastic or aluminium, pharma glass packaging is more expensive. In times of recession, pharmaceutical companies are more likely to replace the costly packaging material with cheaper ones in order to reduce costs.
By Product Type
Bottles
Cartridges & Syringes
Vials
Ampoules
In terms of global revenue, bottles were the largest segment of the market, accounting for more than 34.5% in 2022. The market for pharmaceutical glass containers has been divided by product as ampoule, bottle, vial, syringe and cartridge. Vials have the best analytical capabilities and are highly sustainable, making them an important growth driver in a segment that is also destined to grow more quickly than ampoules. In the forecast period, from 33.5 % in 2022, the vials segment is expected to increase its market share.
By Drug Type
Branded
Generic
Biologic
The generic drug category accounted for more than 73.2% of global revenue in 2022. In recent years, the global generic drugs market has been growing due to increasing cases of chronic diseases, an ageing population and a rising number of patent expirations.
In 2022, North America was the dominant market and held more than 36.5% of global revenue. In the coming years, it is anticipated that developing countries will be experiencing a surge in spending on pharmaceuticals. The United States is expected to remain a key driving force and the most important market for growth of the pharmaceutical industry in this region, driven by innovative products. The development of generics in the region which are projected to see a consistent strong demand for both product volumes and sales is foreseen to contribute to this growth.
In 2022, Europe held a volume share of over 20%. A major factor in the EU's economic growth is its research based pharmaceutical industry. In view of the increasing rate of medical progress using research, development and introduction of new medicines to improve health and quality of life in this region, the pharmaceutical glass packaging sector is growing.
In terms of revenue growth, the Asia Pacific region has been expected to be one of the most rapidly increasing regions. The presence of a large number of small and medium sized production units in the region is an indication of that increase in demand. In addition, the region enjoys favourable regulatory regimes, which help manufacturers and attract foreign investments. In view of rapidly increasing consumer base and spending, developing countries are expected to grow at a faster rate than developed markets. The growth of developing economies in the Asia Pacific is likely to be supported by increasing cases of chronic diseases, growing healthcare awareness and higher income levels. As a result of increased awareness, governments in the Asia Pacific region are increasingly expanding private and public health coverage. An increase in the number of pharmaceutical products is expected as a direct result of government efforts aimed at promoting low-cost generic medicines and reducing health care costs in developing countries, further fuelling market growth.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Pharmaceutical Glass Packaging market are Nipro Corporation, SGD S.A., West Pharmaceutical Services, Inc, Gerresheimer AG, Arab Pharmaceutical Glass Co., Schott AG, Corning Incorporated, Owens-Illinois, Inc, Shandong Medicinal Glass Co., Ltd, Bormioli Pharma S.p.A and other players.
June 2023, The construction of a pharmaceutical glass tube factory in Mahabubnagar, near Hyderabad, was launched by a joint venture between US multinational Corning and SGD Pharma.
May 2023, Nipro Japan buys Croatian glass pharmaceutical packaging manufacturer.
| Report Attributes | Details |
| Market Size in 2023 | US$ 19.82 Bn |
| Market Size by 2031 | US$ 42.02 Bn |
| CAGR | CAGR of 9.85 % From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Bottles, Cartridges & Syringes, Vials, Ampoules) • by Drug Type (Branded, Generic, Biologic), |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Nipro Corporation, SGD S.A., West Pharmaceutical Services, Inc, Gerresheimer AG, Arab Pharmaceutical Glass Co., Schott AG, Corning Incorporated, Owens-Illinois, Inc, Shandong Medicinal Glass Co., Ltd, Bormioli Pharma S.p.A |
| Key Drivers | • The rise in the pharmaceutical industry and drug development |
| Key Restraints | • Increased Manufacturing and transportation costs |
Ans. The Compound Annual Growth rate for Pharmaceutical Glass Packaging Market over the forecast period is 9.85 %.
Ans. USD 42.02 Billion is the projected Pharmaceutical Glass Packaging market size of market by 2031.
Ans. North America is the dominating region of the Pharmaceutical Glass Packaging Market with the highest market share of 36.5 %.
Ans. Increased Manufacturing and transportation costs is restraining the market growth.
Ans. The rise in the pharmaceutical industry and drug development is driving the market growth.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Pharmaceutical Glass Packaging Market Segmentation, by Product Type
8.1 Bottles
8.2 Cartridges & Syringes
8.3 Vials
8.4 Ampoules
9. Pharmaceutical Glass Packaging Market Segmentation, by Drug Type
9.1 Branded
9.2 Generic
9.3 Biologic
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Pharmaceutical Glass Packaging Market by Country
10.2.2North America Pharmaceutical Glass Packaging Market by Product Type
10.2.3 North America Pharmaceutical Glass Packaging Market by Drug Type
10.2.4 USA
10.2.4.1 USA Pharmaceutical Glass Packaging Market by Product Type
10.2.4.2 USA Pharmaceutical Glass Packaging Market by Drug Type
10.2.5 Canada
10.2.5.1 Canada Pharmaceutical Glass Packaging Market by Product Type
10.2.5.2 Canada Pharmaceutical Glass Packaging Market by Drug Type
10.2.6 Mexico
10.2.6.1 Mexico Pharmaceutical Glass Packaging Market by Product Type
10.2.6.2 Mexico Pharmaceutical Glass Packaging Market by Drug Type
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Pharmaceutical Glass Packaging Market by Country
10.3.1.2 Eastern Europe Pharmaceutical Glass Packaging Market by Product Type
10.3.1.3 Eastern Europe Pharmaceutical Glass Packaging Market by Drug Type
10.3.1.4 Poland
10.3.1.4.1 Poland Pharmaceutical Glass Packaging Market by Product Type
10.3.1.4.2 Poland Pharmaceutical Glass Packaging Market by Drug Type
10.3.1.5 Romania
10.3.1.5.1 Romania Pharmaceutical Glass Packaging Market by Product Type
10.3.1.5.2 Romania Pharmaceutical Glass Packaging Market by Drug Type
10.3.1.6 Hungary
10.3.1.6.1 Hungary Pharmaceutical Glass Packaging Market by Product Type
10.3.1.6.2 Hungary Pharmaceutical Glass Packaging Market by Drug Type
10.3.1.7 Turkey
10.3.1.7.1 Turkey Pharmaceutical Glass Packaging Market by Product Type
10.3.1.7.2 Turkey Pharmaceutical Glass Packaging Market by Drug Type
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Pharmaceutical Glass Packaging Market by Product Type
10.3.1.8.2 Rest of Eastern Europe Pharmaceutical Glass Packaging Market by Drug Type
10.3.2 Western Europe
10.3.2.1 Western Europe Pharmaceutical Glass Packaging Market by Country
10.3.2.2 Western Europe Pharmaceutical Glass Packaging Market by Product Type
10.3.2.3 Western Europe Pharmaceutical Glass Packaging Market by Drug Type
10.3.2.4 Germany
10.3.2.4.1 Germany Pharmaceutical Glass Packaging Market by Product Type
10.3.2.4.2 Germany Pharmaceutical Glass Packaging Market by Drug Type
10.3.2.5 France
10.3.2.5.1 France Pharmaceutical Glass Packaging Market by Product Type
10.3.2.5.2 France Pharmaceutical Glass Packaging Market by Drug Type
10.3.2.6 UK
10.3.2.6.1 UK Pharmaceutical Glass Packaging Market by Product Type
10.3.2.6.2 UK Pharmaceutical Glass Packaging Market by Drug Type
10.3.2.7 Italy
10.3.2.7.1 Italy Pharmaceutical Glass Packaging Market by Product Type
10.3.2.7.2 Italy Pharmaceutical Glass Packaging Market by Drug Type
10.3.2.8 Spain
10.3.2.8.1 Spain Pharmaceutical Glass Packaging Market by Product Type
10.3.2.8.2 Spain Pharmaceutical Glass Packaging Market by Drug Type
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Pharmaceutical Glass Packaging Market by Product Type
10.3.2.9.2 Netherlands Pharmaceutical Glass Packaging Market by Drug Type
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Pharmaceutical Glass Packaging Market by Product Type
10.3.2.10.2 Switzerland Pharmaceutical Glass Packaging Market by Drug Type
10.3.2.11 Austria
10.3.2.11.1 Austria Pharmaceutical Glass Packaging Market by Product Type
10.3.2.11.2 Austria Pharmaceutical Glass Packaging Market by Drug Type
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Pharmaceutical Glass Packaging Market by Product Type
10.3.2.12.2 Rest of Western Europe Pharmaceutical Glass Packaging Market by Drug Type
10.4 Asia-Pacific
10.4.1 Asia Pacific Pharmaceutical Glass Packaging Market by Country
10.4.2 Asia Pacific Pharmaceutical Glass Packaging Market by Product Type
10.4.3 Asia Pacific Pharmaceutical Glass Packaging Market by Drug Type
10.4.4 China
10.4.4.1 China Pharmaceutical Glass Packaging Market by Product Type
10.4.4.2 China Pharmaceutical Glass Packaging Market by Drug Type
10.4.5 India
10.4.5.1 India Pharmaceutical Glass Packaging Market by Product Type
10.4.5.2 India Pharmaceutical Glass Packaging Market by Drug Type
10.4.6 Japan
10.4.6.1 Japan Pharmaceutical Glass Packaging Market by Product Type
10.4.6.2 Japan Pharmaceutical Glass Packaging Market by Drug Type
10.4.7 South Korea
10.4.7.1 South Korea Pharmaceutical Glass Packaging Market by Product Type
10.4.7.2 South Korea Pharmaceutical Glass Packaging Market by Drug Type
10.4.8 Vietnam
10.4.8.1 Vietnam Pharmaceutical Glass Packaging Market by Product Type
10.4.8.2 Vietnam Pharmaceutical Glass Packaging Market by Drug Type
10.4.9 Singapore
10.4.9.1 Singapore Pharmaceutical Glass Packaging Market by Product Type
10.4.9.2 Singapore Pharmaceutical Glass Packaging Market by Drug Type
10.4.10 Australia
10.4.10.1 Australia Pharmaceutical Glass Packaging Market by Product Type
10.4.10.2 Australia Pharmaceutical Glass Packaging Market by Drug Type
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Pharmaceutical Glass Packaging Market by Product Type
10.4.11.2 Rest of Asia-Pacific APAC Pharmaceutical Glass Packaging Market by Drug Type
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Pharmaceutical Glass Packaging Market by Country
10.5.1.2 Middle East Pharmaceutical Glass Packaging Market by Product Type
10.5.1.3 Middle East Pharmaceutical Glass Packaging Market by Drug Type
10.5.1.4 UAE
10.5.1.4.1 UAE Pharmaceutical Glass Packaging Market by Product Type
10.5.1.4.2 UAE Pharmaceutical Glass Packaging Market by Drug Type
10.5.1.5 Egypt
10.5.1.5.1 Egypt Pharmaceutical Glass Packaging Market by Product Type
10.5.1.5.2 Egypt Pharmaceutical Glass Packaging Market by Drug Typ
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Pharmaceutical Glass Packaging Market by Product Type
10.5.1.6.2 Saudi Arabia Pharmaceutical Glass Packaging Market by Drug Type
10.5.1.7 Qatar
10.5.1.7.1 Qatar Pharmaceutical Glass Packaging Market by Product Type
10.5.1.7.2 Qatar Pharmaceutical Glass Packaging Market by Drug Type
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Pharmaceutical Glass Packaging Market by Product Type
10.5.1.8.2 Rest of Middle East Pharmaceutical Glass Packaging Market by Drug Type
10.5.2 Africa
10.5.2.1 Africa Pharmaceutical Glass Packaging Market by Country
10.5.2.2 Africa Pharmaceutical Glass Packaging Market by Product Type
10.5.2.3 Africa Pharmaceutical Glass Packaging Market by Drug Type
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Pharmaceutical Glass Packaging Market by Product Type
10.5.2.4.2 Nigeria Pharmaceutical Glass Packaging Market by Drug Type
10.5.2.5 South Africa
10.5.2.5.1 South Africa Pharmaceutical Glass Packaging Market by Product Type
10.5.2.5.2 South Africa Pharmaceutical Glass Packaging Market by Drug Type
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Pharmaceutical Glass Packaging Market by Product Type
10.5.2.6.2 Rest of Africa Pharmaceutical Glass Packaging Market by Drug Type
10.6 Latin America
10.6.1 Latin America Pharmaceutical Glass Packaging Market by Country
10.6.2 Latin America Pharmaceutical Glass Packaging Market by Product Type
10.6.3 Latin America Pharmaceutical Glass Packaging Market by Drug Type
10.6.4 Brazil
10.6.4.1 Brazil Pharmaceutical Glass Packaging Market by Product Type
10.6.4.2 Brazil Africa Pharmaceutical Glass Packaging Market by Drug Type
10.6.5 Argentina
10.6.5.1 Argentina Pharmaceutical Glass Packaging Market by Product Type
10.6.5.2 Argentina Pharmaceutical Glass Packaging Market by Drug Type
10.6.6 Colombia
10.6.6.1 Colombia Pharmaceutical Glass Packaging Market by Product Type
10.6.6.2 Colombia Pharmaceutical Glass Packaging Market by Drug Type
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Pharmaceutical Glass Packaging Market by Product Type
10.6.7.2 Rest of Latin America Pharmaceutical Glass Packaging Market by Drug Type
11 Company Profile
11.1 Nipro Corporation
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 SGD S.A
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 West Pharmaceutical Services, Inc
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Gerresheimer AG
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Arab Pharmaceutical Glass Co
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Schott AG
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Corning Incorporated
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Owens-Illinois, Inc
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Shandong Medicinal Glass Co., Ltd
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Bormioli Pharma S.p.A
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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