{"id":52595,"date":"2023-01-05T18:02:37","date_gmt":"2023-01-05T17:02:37","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/pharmaceutical-glass-packaging-global-market-report-2023-growth-of-pharmaceutical-industry-in-emerging-economies-drives-sector-researchandmarkets-com\/"},"modified":"2023-01-05T18:02:37","modified_gmt":"2023-01-05T17:02:37","slug":"pharmaceutical-glass-packaging-global-market-report-2023-growth-of-pharmaceutical-industry-in-emerging-economies-drives-sector-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/pharmaceutical-glass-packaging-global-market-report-2023-growth-of-pharmaceutical-industry-in-emerging-economies-drives-sector-researchandmarkets-com\/","title":{"rendered":"Pharmaceutical Glass Packaging Global Market Report 2023: Growth of Pharmaceutical Industry in Emerging Economies Drives Sector – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “Pharmaceutical Glass Packaging Market Size, Share & Trends Analysis Report By Product (Vials, Bottles, Ampoules), By Drug Type (Generic, Branded, Biologic), By Region, And Segment Forecasts, 2022 – 2030”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.\n<\/p>\n

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\nThe global pharmaceutical glass packaging market size is expected to surpass USD 37.6 billion by 2030, registering a CAGR of 9.2% during the forecast period. The factors attributed to drive the market are the rapid expansion of the pharmaceutical industry, expansion in vials production during COVID-19, and growth in the commodity value of glass, augmented with recyclability. However, the increased relevance of alternate sources such as plastic is attributed to restraining the market to some extent.\n<\/p>\n

\nThe manufacturers of glass containers collaborate more closely and exchange opinions with the glass recycling supply chain, waste haulers, operators of materials recovery facilities (MRFs), glass recyclers, and consultants in order to address the opportunities and concerns with respect to the community glass recycling. For instance, in July 2022, Bormioli Pharma launched Eco Positive, a brand new range gathering all the sustainable packaging solutions manufactured by the company, including recycled glass.\n<\/p>\n

\nFurther, the pharmaceutical industry is witnessing a significant transition, and the focus on the development of pharmaceutical drugs has considerably grown during the past few years. There is rapid growth in the pharmaceutical market and research environment in emerging economies such as Brazil, China, and India, which has led to a gradual migration of economic and research activities from Europe to these fast-growing markets.\n<\/p>\n

\nDuring the period 2015-2020, the markets in Brazil, China, and India grew by 11.3%, 4.8%, and 10.0% respectively as compared to average market growth of 5.0% for the top 5 European Union markets and 4.9% for the U.S. market thus, driving the market for pharmaceutical glass packaging.\n<\/p>\n

\nHowever, the market for pharmaceutical glass packaging is estimated to witness a decline in the forthcoming years mainly because glass materials are expensive and are not able to provide economically viable solutions for the packaging of products for mass consumption. Plastic bottles used for pharma packaging are made of high-grade plastic which is a clear, strong, and lightweight plastic belonging to the polyester family. The adoption of plastic packaging over glass in the pharmaceutical industry is attributed to be a major restrain.\n<\/p>\n

\nPharmaceutical Glass Packaging Market Report Highlights<\/strong>\n<\/p>\n