AP NEWS

The Global Pharmaceutical Glass Packaging Market to 2025: Set to Exceed $22 Billion - ResearchAndMarkets.com

November 7, 2018

DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--The “Pharmaceutical Glass Packaging Market Size, Share & Trends Analysis Report By Product (Vials, Ampoules, Cartridges & Syringes), By Drug Type (Generic, Branded, Biologic), And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.

The global pharmaceutical glass packaging market size is expected to reach USD 22.05 billion by 2025, registering a CAGR of 6.3% during the forecast period.Spiraling sale of generic drugs in developed as well as developing economies is projected to drive the demand for pharmaceutical glass packaging. Extensive R&D is being conducted by product manufacturers in order to minimize negative aspects of glass, such as high susceptibility to breaking and delamination, as well as to improve the quality & efficacy of the product.

Emerging markets are anticipated to witness phenomenal growth owing to favorable government policies and increased healthcare awareness. Governments of developing nations are expanding their public or private healthcare coverage and simultaneously making efforts to minimize out-of-pocket medical expenses for the consumers. Increasing government efforts to reduce healthcare cost and promotion of low-cost generic drugs are estimated to fuel the utilization of glass packaging over the coming years.

Market Dynamics Drivers Growth of Pharmaceutical Industry in Emerging EconomiesCommodity Value of Glass Increased With Recyclability Restraints Increased Relevance of Alternate SourcesChallenges Associated With Glass Surface

Key Findings

The vials segment is projected to ascend at a CAGR of 6.9% in terms of revenue over the forecast period.The bottles segment dominated the global pharmaceutical glass packaging market in 2016 in terms of revenue and is anticipated to witness a CAGR of 4.7% from 2017 to 2025 owing to high penetration of plastics in the manufacturing of bottles.The generic drug segment accounted for 69.8% of the market in 2016 due to rapidly increasing manufacturing volumes of generic drugs in emerging economies.

Topics Covered

Chapter 1 Methodology & Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends & Scope

Chapter 4 Pharmaceutical Glass Packaging Market: Product Estimates & Trend Analysis

Chapter 5 Pharmaceutical Glass Packaging Market: Drug Type Estimates & Trend Analysis

Chapter 6 Pharmaceutical Glass Packaging Market: Regional Estimates & Trend Analysis

Chapter 7 Competitive Landscape

Chapter 8 Company Profiles

Corning IncorporatedNipro CorporationSGD S.A.Stolzle-Oberglas GmbHWest Pharmaceutical Services Inc.Schott AGGerresheimer AGBormioli Pharma S.r.lShandong Medicinal Glass Co. Ltd.Beatson ClarkArdagh Group S.A.Arab Pharmaceutical Glass Co.Piramal Enterprises Ltd.Sisecam Group

For more information about this report visit https://www.researchandmarkets.com/research/ffphkw/the_global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005479/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Pharmaceutical Packaging

KEYWORD:

INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL MANUFACTURING PACKAGING NATURAL RESOURCES OTHER NATURAL RESOURCES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/07/2018 07:48 AM/DISC: 11/07/2018 09:33 AM

http://www.businesswire.com/news/home/20181107005479/en

AP RADIO
Update hourly