Product ID: UCMIG15G2016
Pharmaceutical Glass Packaging Market Size, Share, Growth Analysis, By Product(Vials, Small vials), By Drug Type(Generic, Branded), By Regional(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG15G2016 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Pharmaceutical Glass Packaging Market Insights
Market Overview:
The global market size of pharmaceutical glass packaging was valued at USD 18.27 billion in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 9.6% from 2023 to 2030. The increasing demand for generic injectable drugs, along with a rise in demand from the pharmaceutical sector, is expected to boost market growth during the forecast period. Glass is an essential packaging material that prevents atmospheric gases such as carbon dioxide and oxygen from entering the primary container, reducing the risk of drug contamination. The use of glass packaging also helps to lower the chances of drug degradation via hydrolysis and oxidation.
Pharmaceutical Glass Packaging Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Metal & Glass Containers by segment aggregation, the contribution of the Metal & Glass Containers in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Pharmaceutical Glass Packaging Market Report Snapshots
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