Global Pharmaceutical Glass Packaging Market by Product (Glass Vials, Ampoules, and Cartridges), by Application (Generic Drugs, Branded Drugs, and Biological Drugs) and by Region – Global Forecast to 2023
Packaging of a product ensures longer shelf life, protection, and presentation. Pharmaceutical glass packaging ensures the safe transportation, storage, identification, and presentation of the product. The packaging is an essential part of the pharma and drug industry. It saves the entities from biological contamination as it is vital for consumers to receive the best products. Although there are numerous packaging materials available like plastic, metals, paper, and others, glass packaging holds the cutting edge over them as glass is inert, making it non-reacting to the compounds in contact.
Growing demand for pharmaceutical glass packaging has pushed the market players to develop better alternates like colored glasses that save the stored compounds from light having different wavelengths. Increasing awareness about glass packaging benefits and rapid improvement in healthcare sectors has provided lucrative growth opportunities to this market. Factors like the presence of alternates and problems like cracking and delamination have restrained the market’s evolution.
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The market players are actively funding research & development programs to explore the new sides of this market and eradicating any negatives holding back this market. This has imposed extra load on the market players and will help them reach stronger positions and generate higher revenues. For getting a better outline of the market structure, the report on the global pharmaceutical glass packaging market covers crucial aspects like oppositions, drivers & restraints, growth opportunities, and others. As far as the study suggests, the global pharmaceutical glass packaging market will show around 06 % yearly growth.
The global pharmaceutical glass packaging market is an immense field and is divided as follows:
The global pharmaceutical glass packaging market is characterized as cartridges & syringes, vials, bottles, and others in view of product types.
The global pharmaceutical glass packaging market is characterized as branded drugs, generic drugs, and biological drugs in view of applications.
- Gerresheimer AG (Germany)
- SCHOTT Pharmaceutical Packaging (U.S.)
- Shandong Qidu Pharmaceutical Co.,Ltd. (China)
- Ardagh Group S.A. (Luxembourg)
- Stölzle-Oberglas Gmbh (Austria)
- Nipro Corporation (Japan)
- Piramal Glass (India)
- SGD Pharma (France)
- West Pharmaceutical Services, Inc. (U.S.)
- Bormioli Rocco SpA (Italy)
are among the prominent marker players discussed in MRFR’s report.
Demands for pharmaceutical glass packaging are at a high rise because of factors like high demands for better alternates and a rise in awareness. The North American, European, Asia Pacific, and The Rest of the world markets are observed to uncover the global market structure. In the present era, the North American region is leading the market. It will register the fastest growth because of factors like high demands for advanced technologies, high healthcare standards, vast population, high awareness & disposable incomes, well established industrial structures, and others with the U.S. in the lead. The Asia Pacific and European markets follow the market leader.
Features like fast population growth, the rapid rise in chronic healthcare conditions, and a rise in government initiatives have helped the global market gain swift progression. At this stage, the North American region is leading the market and will be registering the fastest growth. The ampoules segment will grow at the fastest rates. The quickly flourishing areas will also show extraordinary possibilities, which has pulled in the market players from around the globe to settle their organizations in these locales.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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