Expansion of the medical industry is projected to boost the pharmaceutical glass packaging market.
Added: (Wed Jan 09 2019)
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Glass is composed of sand, soda ash cullet, and limestone. The composition of these ingredients varies based on the application of the glass. Glass is very versatile and attractive. It can be molded into many shapes, sizes, and colors. Glass is suitable for sterilization and has excellent barrier properties and can be colored to improve light sensitive. Glass packaging preserves the product’s properties such as taste and flavor and protects its contents. Glass is the only material which is widely used as generally recognized as safe (GRAS) by the U.S. Food & Drug Administration.
Increase in rate of consumption of generic drugs and rise in access to health care are driving the pharmaceutical glass packaging market. However, glass packaging problems, such as breakage, delamination, and particulate contamination, is increasing the competition of plastic. This, in turn, is likely to restrain the market.
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Based on product type, the pharmaceutical glass packaging market can be segmented into vials, cartridges & syringes, bottles, and ampoules. The vials segment can be further sub-segmented into small (<30 ml) and large (>30 ml) in terms of volume. Vials are mostly employed for collecting biological samples in the pharmaceutical industry. The vials segment is anticipated to expand at rapid pace during forecast period. The bottles segment can be sub-divided into small (<1000ml) and large (>1000). In terms of drug type, the pharmaceutical glass packaging market can be divided into branded, generic, and biologic.
Based on region, the global pharmaceutical glass packaging market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, North America accounted for a major share of the pharmaceutical glass packaging market in 2017. This trend is anticipated to continue during the forecast period. The U.S. is the largest pharmaceutical market in the world. This is anticipated to create lucrative opportunities for companies operating in the pharmaceutical glass packaging market in the country. Europe is estimated to account for large share of the pharmaceutical glass packaging market between 2018 and 2026.
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