Analysis from GMI Research finds that the Pharmaceutical Glass Packaging Market is projected to reach USD 8,048 million by 2028 2020 and is expected will grow at a CAGR of 8.8% from 2021-2028.

The factors driving growth of the Pharmaceutical Glass Packaging Market includes growing prevalence of chronic diseases around the world, rising demand for generic drugs, increase in Government’s expenditure on healthcare sector, and improvements in the living standards.  Moreover, growing adoption of advanced technologies by manufacturers, expansion of pharmaceutical manufacturing capabilities of companies, rise in the launch of new products and rapid urbanization, are some of the additional factors supplementing the Pharmaceutical Glass Packaging Market share. In addition, the increasing investments by major corporations on research and development, strategic collaborations, and partnerships between key industry leaders, growing geriatric population and rising disposable incomes, are further contributing towards the market growth.

Request a FREE Sample of Pharmaceutical Glass Packaging Market

However, growth of the Pharmaceutical Glass Packaging Market is hindered due to growing adoption of alternative packaging materials.

The leading players operating in the Pharmaceutical Glass Packaging Market are Stoelzle Glass Group, Bormioli Pharma S.p.A., West Pharmaceutical Services, Inc., Schott AG, Gerresheimer AG, Corning Incorporated, Shandong Medicinal Glass Co., Ltd., Beatson Clark, SGD Pharma, and Ardagh Group S.A. among others.

Based on Product, the Bottles segment is predicted to grow at a significant CAGR during the forecast period

These Bottles are easy to open, protect its content from ultraviolet rays and certain wavelengths, and are increasingly used to store liquid in medicines, are some of the features pushing the segment’s growth

On the other hand, the Ampoules segment is projected to expand at a robust CAGR over the forecast period. Growing demand for ampoules for packaging vaccines because it protects from external severe temperature, and adverse weather conditions, are propelling growth of the segment.

Based on Region, the North American region is expected to expand at a significant CAGR during the forecast period

Rising focus of pharmaceutical companies on developing environment friendly medicines, increase in Government’s expenditure on healthcare sector, rapid urbanization, growing adoption of advanced technologies by companies and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Developments

  • In 2021, Schott AG and Serum Institute of India decided to enter into a joint venture for pharmaceutical packaging. SII acquired a 50% stake in specialty glass company Schott Kaisha.
  • West Pharmaceutical Services, partnered with Schott AG for combining the iQ platform of Schott AG with the Ready Pack system of West.

Market Segmentation

Segmentation by Product

  • Bottles
  • Vials
  • Ampoules
  • Cartridges & Syringes
  • Others

Segmentation 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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: [email protected]
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/