DUBLIN–(BUSINESS WIRE)–The “Pharmaceutical Glass Packaging Market – Growth, Trends, and Forecasts (2020-2025)” report has been added to ResearchAndMarkets.com’s offering.
The global pharmaceutical glass packaging market was valued at USD 24.17 billion in 2019 and is expected to reach a value of USD 31.34 billion by 2025 registering a CAGR of 5.2% over the forecast period (2020-2025).
Glass packaging is one of the primary packaging material for the pharmaceutical industry as it limits the alkalinity and hydrolytic resistance of the glass container. Further, the pharmaceutical and medical device industries are highly regulated and are emphasizing the safety and sustainability aspects of manufacturing and packaging processes.
For instance, in October 2019, Corning Incorporated announced an allied pharmaceutical manufacturer got FDA approval of Corning Valor Glass to be deployed as a primary package for a marketed drug product. Such innovative glass packaging solution is following a new trend in the market.
Glass Bottles to Witness a Significant Growth
Glass bottles used in the pharmaceutical industry are extensively used for the packaging of medicinal drugs. Pharmaceutical glass bottles are manufactured to meet tight tolerance limits because they’re often filled in high-speed lines. Glass is being considered as a viable alternative as it’s impacts on humans and the environment are much less compared to polyethylene terephthalate (PET), making it the most environment-friendly packaging medium.
The pharmaceutical glass packaging market is inclined towards fragmentation. The surge in government initiatives and increasing demand for injectables and other medicines provide lucrative opportunities in the glass packaging solutions in the pharmaceutical industry. Overall, the competitive rivalry among existing competitors is high. Further, expansion and mergers of large companies in different pharmaceutical industries are expected to increase the demand in the market. Key players are Gerresheimer Glass Inc., Corning Incorporated, etc.
Key Topics Covered:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Growth of Pharmaceutical Industry in Emerging Economies
4.3.2 Commodity Value of Glass Increased with Recyclability
4.4 Market Restraints
4.4.1 Increased Relevance of Alternate Sources
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Force Analysis
4.7 Assessment of Impact of Covid-19 on the Industry
5 MARKET SEGMENTATION
5.1.4 Catridges & Syringes
5.1.5 Others Products
5.2.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 Rest of Asia-Pacific
5.2.4 Latin America
220.127.116.11 Rest of Latin America
5.2.5 Middle East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Gerresheimer Glass Inc.
6.1.2 Corning Incorporated
6.1.3 Nipro Corporation
6.1.4 SGD S.A (SGD Pharma)
6.1.5 Stolzle-Oberglas GmBH (CAG Holding Gmbh)
6.1.6 Bormioli Pharma S.p.A
6.1.7 West Pharmaceutical Services, Inc.
6.1.8 Schott AG
6.1.9 Shandong Medicinal Glass Co., Ltd.
6.1.10 Beatson Clark
6.1.11 Arab Pharmaceutical Glass Co.
6.1.12 Piramal Enterprises
6.1.13 Sisecam Group
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/v7qzrr
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