Pharmaceutical Glass Packaging Market is expected to grow at 6% CAGR during the forecast period 20

Summary

Global Pharmaceutical Glass Packaging Market Report by Product (Glass Vials, Ampoules, and Cartridges), by Application (Generic Drugs, Branded Drugs, and Biological Drugs) and by Region - Global Forecast to 2023.

Market Overview

Packaging refers to the process of providing protection, presentation, identification, information convenience, and compliance for product during storage, carriage, and display. Packaging also helps manufacturers differentiate their products from those of their competitors. Pharmaceutical packaging is an essential part of the delivery system of pharmaceutical products and the drugs in the pharmaceutical industry. Pharmaceutical packaging safeguards products from physical damage, biological contamination, and from all antagonistic external influences that can damage the products.

The Global Pharmaceutical Glass Packaging Market is expected to grow at ~ 6% CAGR during the forecast period.

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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 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.

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).

Market Research Analysis

Glass vials and generic drugs segment are, expected to grow at the highest CAGR and hold the largest market share

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.

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Table Of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

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

Continues......

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