The growing demand of the pharma industry in emerging economies coupled with rising awareness about the benefits of this glass packaging in the pharmaceutical industry has driven the growth of the market. The rapid growth of the pharmaceutical industry will increase the demand of glass packaging to ensure that medications aren’t polluted with harmful bacteria, which in turn drives the growth of the market. Glass is very versatile and attractive, composed of soda ash cullet, sand, and limestone. The composition of these ingredients varies on the basis of the application of the glass and can be molded into various shapes, colors, and sizes. Glass can be colored to improve light-sensitive and is suitable for sterilization. Glass has excellent barrier properties, glass packaging preserves the product’s properties such as odor, taste, and flavor and protects its contents. Glass is the only material recognized as safe (GRAS) by the U.S. Food & Drug Administration (FDA). The Global Pharmaceutical Glass Packaging Market is estimated to see healthy growth, pegged at a CAGR of around 8.6% throughout the forecast period 2020-2025.
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It is necessary to ensure the design and development of appropriate packaging for pharmaceutical products for the storage, safe transportation, and administration of medicines. Glass containers are the first choice of packaging materials. Thus, a large number of pharmaceutical formulations have been packaged using glass containers. In the pharmaceutical industry, drugs and medicines are kept at a suitable temperature to ensure that they are not damaged, and their properties remain unchanged. Therefore, glass can be used to maintain the optimal temperature of such drugs and medicines.
The pharmaceutical glass packaging market is constantly advancing as pharmaceuticals need reliable and speedy packaging solutions that deliver a combination of product protection, tamper evidence, quality, patient comfort, and security needs. The significant innovations in the pharmaceuticals such as snap-off ampoules, anti-counterfeit measures, blow fill seal (BFS) vials, unit dose vials, plasma impulse chemical vapor deposition (PICVD) coating technology, two-in-one prefilled vial design, prefilled syringes, and child-resistant packs have a direct impact on the pharmaceutical packaging industry. Additionally, glass packaging is fully recyclable, making it a desirable packaging option from an environmental perspective. Further, colored glass such as red-colored glass and amber glass has the ability to protect its contents from ultraviolet rays and specific wavelengths. Glass containers can easily be sterilized using heat, hence making them an ideal material for pharmaceutical packaging.??
Segmentation Overview of the Global Pharmaceutical Glass Packaging Market
The pharmaceutical glass packaging market is segmented into product and drug type. These major market segments are further categorized into various sub-segments to study the market in detail.
By Drug Type (Generic, Branded, and Biologic)
By Product Outlook (Vials, Bottles, Cartridges & Syringes, and Ampoules)
Key Players Insights
Corning Incorporated, Nipro Corporation, SGD S.A., Stölzle-Oberglas GmbH, Bormioli Pharma S.r.l, West Pharmaceutical Services, Inc., Schott AG, Gerresheimer AG, Shandong Medicinal Glass Co., Ltd., Beatson Clark, Ardagh Group S.A., Arab Pharmaceutical Glass Co., Piramal Enterprises Ltd., ?i?ecam Group, Owens-Illinois, Inc., and others, are some key market players included in the research study of the global pharmaceutical glass packaging market.
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