Pharmaceutical Glass Packaging Market Growth Trajectory Through 2024-2033

Uday Kiran

Pharmaceutical Glass Packaging Market Growth Trajectory Through 2024-2033

The Pharmaceutical Glass Packaging Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Pharmaceutical Glass Packaging Global Market Report 2024, The pharmaceutical glass packaging market size has grown strongly in recent years. It will grow from $13.8 billion in 2023 to $15.03 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increasing pharmaceutical production, stringent regulations and quality standards, preference for glass's inert nature, global aging population, rise in chronic diseases.

The pharmaceutical glass packaging market size is expected to see rapid growth in the next few years. It will grow to $22.16 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to continued growth in pharmaceutical sector, advancements in drug delivery, focus on sustainable packaging, demand for biopharmaceuticals, global healthcare infrastructure development. Major trends in the forecast period include growing popularity of ready-to-use packaging, shift towards biodegradable packaging, expansion of emerging markets, collaborations and partnerships.

The growth of the pharmaceutical industry is expected to propel the growth of the pharmaceutical glass packaging market going forward. The pharmaceutical industry refers to the discovery, development, and manufacture of medications and drugs. Pharmaceutical glass packaging is used to pack and store medicines, strong alkalis, and acids. For instance, in 2021, according to the Indian Brand Equity Foundation, an India-based government agency, the Indian pharmaceutical market increased by 17.7% annually, and the market revenue is expected to be over 12% in 2022. Therefore, the growth of the pharmaceutical industry is driving the growth of the pharmaceutical glass packaging market.

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The pharmaceutical glass packaging market covered in this report is segmented –

1) By Product: Ampoules, Bottles , Vials, Syringes, Cartridges, Other Product Types

2) By Drug Type: Generic, Branded, Biologic

3) By Material: Type I, Type II, Type III

4) By Application: Oral, Injectable, Nasal, Other Applications

Major companies operating in the pharmaceutical glass packaging market are focusing on innovating products, such as the glass jars, to provide a competitive edge in the market. Glass jars are cylindrical or slightly conical container, made of glass, ceramic, or plastic, with a wide mouth or opening that can be closed with a lid, screw cap, lug cap. For instance, in October 2023, Stoelzle Pharma, an Austria-based pharmaceutical glass packaging company, launched PharmaCos packaging line. PharmaCos packaging line is a new line of glass jars and bottles ranging from 5ml (milliliters) to 500ml (milliliters) in amber color with a screw neck design, as well as flat-shoulder bottles from 20ml (milliliters) to 150ml (milliliters). It is designed to provide a sustainable choice for healthcare products, with high recycled glass contents of 73% recycled content in amber glass and 38% in flint glass.

The pharmaceutical glass packaging market report table of contents includes: