Dublin, April 08, 2025 (GLOBE NEWSWIRE) -- The "Pharmaceutical Glass Packaging Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering.
The pharmaceutical industry is witnessing a significant upswing in the Pharmaceutical Glass Packaging Market, with projections indicating a rise from USD 21.9 billion in 2024 to USD 56.8 billion by 2034. This market is growing at a compound annual growth rate (CAGR) of 10.1%, fueled by an increase in pharmaceutical demand and stringent drug safety regulations.
The robust growth of the Pharmaceutical Glass Packaging Market is indicative of the industry's commitment to safety, sustainability, and compliance with regulatory demands. Looking ahead, the market is poised for substantial expansion, reflecting the integral role of glass packaging in securing the quality and safety of pharmaceuticals worldwide.
Market Drivers
Glass packaging remains a cornerstone in the pharmaceutical sector due to its exceptional chemical resistance, robustness, and inert nature. The heightened need for specialized glass packaging is a direct result of the burgeoning deployment of biologics, vaccines, and injectable medications. Type 1 borosilicate glass, in particular, is sought after for its unmatched protective qualities against chemical interactions and temperature changes. Regulatory standards are increasingly emphasizing high-quality packaging for critical drug formulations, establishing glass as the material of choice. Moreover, contemporary advances in personalized medicine and cell and gene therapies are propelling the industry towards innovative, high-sustainability glass packaging options which suit the sophisticated requirements of these products.
Eco-friendly Initiatives and Regional Growth
With the global push towards sustainability, pharmaceutical firms are channeling resources into environment-friendly and recyclable packaging choices. Lightweight glass packaging solutions are gaining traction, balancing the need for drug stability and protection with the imperatives of cost-effective transportation. The Asia-Pacific region is emerging as a growth leader in pharmaceutical production, reflecting a subsequent increase in glass packaging adoption for a range of pharmaceuticals. Concurrently, more rigorous serialization regulations and the growing biosimilars market are amplifying the necessity for reliable glass packaging to ensure product traceability and integrity.
Market Segmentation
The dominance of Type 1 glass in the pharmaceutical glass packaging sector is marked by its USD 9 billion valuation in 2024, a number that is expected to grow. This is credited to the rising demands for borosilicate glass, which is critical in storing sensitive pharmaceutical products such as biologics and injectables. In the realm of product types, the market encompasses vials, bottles, syringes, ampoules, among other forms. Bottles, especially amber-colored variants that safeguard contents from UV exposure, are leading in terms of demand because of their critical use in storing liquid medications necessitated by the increasing incidence of chronic diseases.
North American Market Outlook
North America remains at the forefront of the pharmaceutical glass packaging market, with the United States generating USD 6.8 billion in 2024. The sophistication of the U.S. pharmaceutical sector, combined with heightened production and export activities centered around biologics and vaccines, sustains its high demand for premium quality glass packaging.
Key Attributes:
Report Attribute | Details |
No. of Pages | 190 |
Forecast Period | 2024 - 2034 |
Estimated Market Value (USD) in 2024 | $21.9 Billion |
Forecasted Market Value (USD) by 2034 | $56.8 Billion |
Compound Annual Growth Rate | 10.1% |
Regions Covered | Global |
Companies Featured
The companies featured in this Pharmaceutical Glass Packaging market report include:
- Arab Pharmaceutical Glass
- Ardagh Group
- Beatson Clark
- Corning
- DWK Life Sciences
- Gerresheimer
- Glassco
- Nipro
- PGP Glass
- Schott
- SGD
- Shandong Medicinal Glass
- Stevanato Group
- Stoelzle Oberglas
- United Glass Company
- West Pharmaceutical Services
For more information about this report visit https://www.researchandmarkets.com/r/janj1q
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