Pharmaceutical packaging equipment includes primary packaging equipment, secondary packaging equipment, and equipment for labeling and serialization. Pharmaceutical packaging equipment can be used for packing solids, semi-solids, liquids, and others. It helps reduce the time required for packaging pharmaceutical products, which in turn helps increase production and innovation in drug delivery systems and personalized drugs. Various packaging materials can be used for pharmaceutical packaging, such as plastic, paper, glass, and metals. The global pharmaceutical glass packaging market is growing at a significant rate owing to increasing demand for pharmaceutical products and technological advancements in the field. One of the major advantages of using glass packaging is the inert nature of glass, which does not let it react with the contents within under most circumstances.
Increased awareness, technological advancements in this field, and high adoption rate of pharmaceutical glass packaging among people, have driven the global pharmaceutical glass packaging market. In addition, government initiatives in the field have further propelled the market.
The global pharmaceutical glass packaging market is expected to grow at ~ 6% CAGR during the forecast period.
Global pharmaceutical glass packaging market has been segmented based on product, application, and region. Glass vials in product segment is expected to hold the largest market share during the forecast period. Glass vials are comparatively easy to clean, dust resistant and are non-reactive with the fluids stored in them. Nowadays, there has been an inclination of manufacturers towards the use of high-tech glasses and eco-friendly packaging solutions so as to keep medicine fluids, safe. By application, the growth of the generic drugs segment is expected to rise further. This is due to the new government initiatives to produce generic drugs and mainly to promote the use of generic drugs against chronic diseases. Patent expiration of branded drugs is one of the key influencers for the growth and is the prime reason for generating more revenue for generic drugs market. Moreover, new emerging markets of developing countries, and the low cost of generic drugs are majorly responsible for thickening the growth of generic drugs market. This strengthens the global pharmaceutical glass packaging market.
Key Players
The key players of global pharmaceutical glass packaging market are Gerresheimer AG (Germany), Nipro Corporation (Japan), SCHOTT Pharmaceutical Packaging (U.S.), SGD Pharma (France), Shandong Qidu Pharmaceutical Co.,Ltd. (China), Bormioli Rocco SpA (Italy), Ardagh Group S.A. (Luxembourg), West Pharmaceutical Services, Inc. (U.S.), Piramal Glass (India), and Stölzle-Oberglas Gmbh (Austria).
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