Drugs Glass Packaging Market: Size, Growth, and Global Import/Export Trends
The global drugs glass packaging market was valued at approximately USD 4.99 billion in 2024 and is expected to grow to around USD 8.17 billion by 2034, with an annual growth rate of 5.05% over the forecast period from 2024 to 2034.
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The market is proliferating due to the increasing pharmaceutical industries due to continuous research and funding. These drugs need safe contamination-free packaging which can also enhance the shelf life of the products. This eco-friendly, safe and sustainable packaging demand in several industries significantly drives the drugs glass packaging market.
Key Takeaways
- Asia Pacific led the drugs glass packaging market with the highest share in 2023.
- By region, North America is expected to witness the highest CAGR during the forecast period.
- By type, the cartridges segment held a dominant market share in 2023.
- By application, the injection segment is anticipated to grow with the highest CAGR during the forecast period.
Drugs Glass Packaging Market Trends
The drugs glass packaging market is experiencing notable growth, driven by several emerging trends:
- Sustainability Focus: Increasing demand for eco-friendly and sustainable packaging solutions is pushing the adoption of glass materials. Glass is recyclable and considered more environmentally friendly than plastic alternatives, making it a popular choice in the pharmaceutical industry.
- Increase in Biopharmaceuticals: As the biopharmaceutical sector grows, there is a rising demand for specialized glass packaging for injectable drugs, vials, and ampoules. These packaging solutions ensure the stability and safety of sensitive biologic products.
- Consumer Safety and Product Integrity: Glass packaging provides superior protection against contamination and maintains the integrity of pharmaceuticals. The material is resistant to chemicals and offers better protection against external elements, making it ideal for storing and transporting sensitive drugs.
- Advanced Technology in Glass Packaging: The adoption of innovative glass packaging technologies, such as tamper-evident closures and advanced sterilization techniques, is improving product safety and shelf-life, further boosting market growth.
- Growing Demand in Emerging Markets: As healthcare infrastructure improves in emerging economies, the demand for high-quality pharmaceutical packaging solutions, including glass containers, is on the rise.
- Regulatory Support: Increasing regulatory emphasis on product safety and packaging standards is driving the demand for glass packaging, which meets stringent requirements for drug storage and transportation.
Drugs Glass Packaging Market Companies
- SCHOTT AG
- Gerresheimer AG
- NIPRO CORPORATION
- SGD Pharma
- West Pharmaceutical Services Inc
- PGP Glass
- Ardagh Group
- Corning Incorporated
- ÅžiÅŸecam
- Bormioli Pharma S.p.a.
- Stölzle-Oberglas GmbH
- Ajanta Bottle Pvt. Ltd.
- Becton, Dickinson and Company
- Amcor
- Berry Global
- Borosil
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