Pharmaceutical Glass Packaging Market Research Report

 The Pharmaceutical Glass Packaging Market is projected to touch USD 8,048 million by 2029, expanding at a CAGR of 8.8% over the forecast period. Glass packaging solutions are the primary packaging materials for pharmaceutical products as it reduces the chances of degradation, thereby increasing the drug stability.

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 The expansion in the pharmaceutical industry is one of the major factors fuelling the growth of the pharmaceutical glass packaging market. Glass packaging offers various remarkable benefits such as rigidity, protection against air and moisture, rigidity, and better clarity to check contents. The Flexible Packaging Association (FPA) surveyed nearly 2,120 consumers; 60% of them were ready to pay an additional amount for packaging benefits, such as easy storage and opening.

The growing prominence of generic drugs and the accessibility of enhanced healthcare services in the nation are projected to proffer lucrative opportunities to the market. The increasing need to enlarge the shelf life of medicinal products, rising consumption of generic drugs, and increasing incidences of chronic diseases such as diabetes are some other factors stimulating the global pharmaceutical glass packaging market growth.

 
However, the sudden outbreak of coronavirus has raised the demand for medicines and other healthcare services. This surge in demand for pharmaceuticals has positively influenced market growth. Further, the instability in prices of raw materials and the high production cost of pharmaceutical glass packaging will hamper the pharmaceutical glass packaging market size.

North America is projected to expand at a faster rate over the forecast period due to the increasing demand for environmentally friendly packaging. The rising expenditure in the pharmaceutical industry by the government is another major factor compelling the pharmaceutical glass packaging market share. As per the U.S. Centres for Medicare & Medicaid Services (CMS), the expenditure on health in the U.S. is expected to expand by 5.4 % yearly from 2019-to 28.  

Pharmaceutical Glass Packaging Market Segmentation:

Pharmaceutical Glass Packaging Market by Product
  • Bottles
  • Vials
  • Ampoules
  • Cartridges & Syringes
  • Others
Pharmaceutical Glass Packaging Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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