Global Pharmaceutical Glass Packaging Market Gaining Momentum - Projected to Reach Worth USD 8.01 Billion by 2028: Zion Market Research

NEW YORK, Feb. 16, 2022 /PRNewswire/ -- Zion Market Research, Pharmaceutical Glass Packaging industry earned revenue of nearly US$ 4.18 billion in 2020 and is anticipated to accumulate earnings of approximately US$ 8.01 billion by 2028. Moreover, Pharmaceutical Glass Packaging market is prognosis to record CAGR of almost 8.9% in 2021-2028.

Read Market Research Report Pharmaceutical Glass Packaging Market- By Drug Type (Biologics, Generic, And Branded), By Application (NASAL, INJECTABLE, And Oral), And By Product (Bottles, Vials, Ampoules, And Syringes & Cartridges): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028

Surge in number of chronic disorders and discovery of new drug molecules has resulted in positive outcomes for pharmaceutical glass packaging market growth in terms of both volume and revenue. Additionally, glass obstructs various kinds of gases such as oxygen and carbon dioxide when it tries to enter primary container. This, in turn, helps in reducing risk of medicine getting contaminated. Apart from this, glass packaging of drugs aids in alleviating medicine degradation due to hydrolysis and oxidation. All these aforementioned aspects will help pharmaceutical glass packaging market register marked growth. Furthermore, glass packaging resists escape of volatile products along with enhancing drug stability, thereby optimizing growth of pharmaceutical glass packaging industry.

Moreover, manufacturers of pharmaceutical glass packaging have increased their production capacities for fulfilling needs of pharmaceutical sector and provide effective, visually appealing, attractive, proficiently designed, new styled, and durable packaging for biological medicines. Necessity of elongating shelf life of drugs for its use in healthcare sector over a long run is predicted to facilitate elevation of pharmaceutical glass packaging market. Outbreak of COVID-19 pandemic has culminated into large demand for pharmaceutical medicines and this has led to exponential surge in growth of pharmaceutical glass packaging market. Improvement witnessed in healthcare amenities and breakthroughs in drug development research will assist market transverse new paths of growth in upcoming years.

Bottles To Lead Product Segment Over Forecast Timespan:

Growth of segment over 2021-2028 can be attributed to its use in packaging drugs along with its availability in different sizes such as small and large bottles. Reportedly, large bottles are utilized for reagent packaging and infusion & transfusion bottles. Small bottles are used for packing oral drugs.

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North America To Account Large Share Towards Regional Market By 2028

Expansion of pharmaceutical glass packaging industry in North America in 2021-2028 is subject to high government investment in pharmaceutical industries across countries such as the U.S. and Canada. Presence of giant manufacturers in region will contribute lucratively towards regional market size.

The Global Pharmaceutical Glass Packaging Market is segmented as follows::

Pharmaceutical Glass Packaging Market By Drug Type Outlook (2021-2028)

• Biologics
• Branded
• Generic

Pharmaceutical Glass Packaging Market By Application Outlook (2021-2028)

• NASAL
• INJECTABLE
• Oral

Pharmaceutical Glass Packaging Market By Product Outlook (2021-2028)

• Syringes & Cartridges
• Bottles
• Vials
• Ampoules

Pharmaceutical Glass Packaging Market By Region Outlook (2021-2028)

North America

• The U.S.
• Canada

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

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List of Key Players of Pharmaceutical Glass Packaging Market:

• Gerresheimer AG
• Beatson Clark
• West Pharmaceutical Services Inc.
• Schott AG
• Bormioli Pharma
• Stölzle-Oberglas
• Corning Incorporated
• SGD S.A.
• Nipro Corporation
• Shandong Medicinal Glass Co.Ltd.

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Browse Other Related Research Reports from Zion Market Research

Thermoform Packaging Market: The global thermoform packaging market is estimated for USD 42,547.1 Million in 2020 and is expected to reach USD 64,534 Million by 2028; growing at a CAGR of thermoform packaging market will be 5.20 % from 2021 to 2028.

Stand-Up Pouches Market: The Stand-Up Pouches Market accounted for USD 11.16 Billion in 2020 and is expected to reach more than USD 19.35 Billion by 2028, growing at a CAGR of 7.30% from 2021 to 2028.

In-Mold Labels Market: The global In-Mold Labels Market accounted for USD 3122 Million in 2020 and is expected to reach over USD 4300 Million by 2028, growing at a CAGR of 5.1% from 2021 to 2028.

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