November 2024
The drugs glass packaging market size reached US$ 4.99 billion in 2024 and is projected to hit around US$ 8.17 billion by 2034, expanding at a CAGR of 5.05% during 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.
The drugs glass packaging market is an important industry in the healthcare packaging sector. This deals with sustainable packaging and transporting medicinal glass packaging to several areas. This market is generally driven by the rising trend of eco-friendly packaging and reliable glass packaging demand among consumers which should also be convenient. The drugs glass packaging industry manufactures different types of glass bottles with various requirements such as shapes, sizes, quality, locking systems, and many others.
This industry manufactures different quality glass with a variety of designs which create a difference from one brand to another. These packaging glasses are of different types according to their composition and medical demand. As there is a huge demand for eco-friendly drugs glass packaging the growth factor of this industry is exponential.
main developments in the drugs glass packaging market is the growing demand for medical products due to rising diseases globally. Drugs glass packaging has a longer shelf life that attracts consumers to use it for convenience storage. With the rise of chronic diseases resulting in the growth of drugs glass packaging is getting popular now with more chronic to various diseases at an early age. These are some of the most popularly prescribed drugs by healthcare experts due to the non-reactive properties of glass with chemicals globally, with a noteworthy upsurge in demand in developing markets such as India, Japan, Thailand, China, South Korea, and many others.
This rise in chronic diseases is causing a rising number of patients due to the changing lifestyle of youth and social norms with unhealthy habits resulting in using drugs glass packaging often. The development in the field of the healthcare sector led to rising demand for new medicines for various diseases which favour drugs glass packaging for their moisture-free packaging and capability to preserve the quality and worth of the medicine driving the demand in the industry.
Drugs glass packaging delivers high-quality barrier assets, shielding the product quality from outer impurities and conserving its quality which makes it easy to maintain brand status and customer fulfilment.
One of the important opportunities in the drugs glass packaging market is the rising patient belief in the medicine packaging industry. As customers become more perceptive and exploratory in their medical packaging options, there is a growing demand for exclusive and superior-quality glass packaging medicines. This factor is pushing the development of packaging and transportation businesses, which frequently prefer drugs glass packaging for the safety of the medicines and the capability to maintain the shelf-life of the medicinal products.
Moreover, the growing number of patients with several diseases such as heart attack, diabetes, cancer, and many other issues raise packaged medicine or vaccine delivery additional opportunities for modified and limited medicinal glass bottle packaging solutions. Another chance lies in the rising importance of sustainability and environment-friendly drugs glass packaging options. Patients are more ecologically conscious and are looking for products that line up with their ethics. Drugs glass packaging is highly recyclable and is well-placed to take advantage of this tendency.
There is a higher chance of leakage in such packaging which can cause damage to medicines, vaccines, and various healthcare products. Such issues hinder the growth of the drugs glass packaging market.
Asia Pacific witnessed the largest revenue share for the year 2023 this growth is because of the growing investment by the government sector and awareness among people towards various diseases. This development is mainly driven by the growing number of patients with chronic diseases such as heart attack, diabetes, high blood pressure, stroke and various others in countries such as Japan, China, South Korea, Thailand, and India.
The growing demand for high-quality drug packaging influences the drugs glass packaging industry. Moreover, favourable government guidelines and funds in the medicine industry provide additional support to market development. The Asia Pacific market delivers noteworthy opportunities for medical product glass packaging to tap into the increasing customer base and grow advanced packaging solutions personalized to the preferences of the region.
Some of the major market players contributing to the growth of the drugs glass packaging market are Ajanta Bottle Pvt. Ltd., PGP Glass, SCHOTT AG, SGD Pharma, Gerresheimer AG, NIPRO CORPORATION, AGI glaspac, Amazing Enterprises, and many others. These are well-known for producing drugs glass packaging solutions for the healthcare industry in India.
North America is estimated to grow at the fastest rate over the forecast period. The drugs glass packaging market shows a changing demand for medicinal products across diverse regions, driven by several aspects such as growing diseases, changing lifestyles, consumption of fried oily food, excessive consumption of alcohol, and personalized medicinal product using trends. In countries such as the U.S. and Canada, the market is considered by a strong changing lifestyle which led to the demand for online medicines and a superior quality of packaging of drugs and vaccines. These countries have numerous major market players such as Gerresheimer AG, West Pharmaceutical Services Inc., Ardagh Group, Berry Global, Corning Incorporated, and many others which contribute significantly to the growth of this market.
By type, the cartridges segment led the drugs glass packaging market in 2023. The cartridge glass bottle packaging is widely used in the healthcare sector as these are capable of intact the quality of the vaccines. Such cartridge bottles are considered to be appropriate for patients.
By application, the injections segment led the drugs glass packaging market in 2023. These are highly preferred by healthcare experts for some chronic diseases to start the effect of the medicine quickly in the body and boost the demand in the drugs packaging market. Injection glass tubes help to maintain the quality of medicines which is preferred by brands as well as patients.
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November 2024
November 2024
November 2024
November 2024
Asmita Singh is a distinguished author and consultant in the packaging industry, recognized for her unwavering passion for knowledge discovery and her commitment to providing actionable insights. She holds an MBA from the University of Mumbai and a degree in Packaging Engineering from the Indian Institute of Packaging (IIP), equipping her with a solid foundation in both business and technical aspects of packaging. With extensive experience in packaging consulting, Asmita has successfully implemented advanced research methodologies across various packaging categories, including flexible packaging, rigid packaging, sustainable packaging, and smart packaging. She generates high-quality data and delivers meaningful results that drive innovation and efficiency. Her expertise spans the globe, offering valuable consulting services to businesses seeking to enhance their packaging strategies. Asmitas work is characterized by a dedication to excellence and a keen understanding of the latest trends and technologies shaping the future of packaging.
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