The "Pharmaceutical Glass Packaging Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The pharmaceutical glass packaging market was valued at USD 15.6 billion in 2019 and is expected to reach USD 23.35 billion by 2025, at a CAGR of 6.5% over the forecast period 2020 - 2025. Glass packaging is one of the primary packaging material for the pharmaceutical industry as it limits the alkalinity and hydrolytic resistance of the glass container. Also, glass containers offer high transparency, which allows easy inspection of its contents, enables protection because it is relatively impermeable to air and moisture and chemical resistance to most of the medicinal products.

The economies across the globe are growing, especially in the Asia-Pacific region. With this, spendings on medicines are also increasing year on year. IQVIA states in its latest report that, in 2018, this spending has reached USD 1.3 trillion globally and is expected to reach USD 1.3 trillion by the year 2023. This is one of the factors forcing for the growing pharmaceutical industry worldwide and ultimately reflecting the increasing demand for the pharmaceutical glass packaging market.

According to the Institute of Scrap Recycling Industris, Inc., the recycled glass is the substitute of 70% of the raw material used in making new glass. The initiatives of glass recycling are adding value to glass as a commodity.

Over 130 million tonnes of glass is currently being produced annually, out of which, 46% are of container glass. The recycling for container glass is the highest, which estimated to be 32% globally (Recovery Magazine). Effective recycling is driving the pharmaceutical industry for adopting glass packaging solutions apart from its other benefits.

However, the growing demand for alternative materials like plastics and its polymers, which are also used for sterilized packagings in the pharmaceutical industry is limiting the growth of the pharmaceutical glass packaging market to an extent.

Companies Mentioned

Key Market Trends

Ampoules Packaging to Hold a Significant Share

Europe Expected to Grow Significantly

Key Topics Covered:

1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Forces Analysis

4.3 Industry Value Chain Analysis

5. MARKET DYNAMICS

5.1 Market Drivers

5.1.1 Growth of the Pharmaceutical Industry in Emerging Economies

5.1.2 Commodity Value of Glass Increased with Recyclability

5.2 Market Restraints

5.2.1 Increased Relevance of Alternate Material

6. MARKET SEGMENTATION

6.1 By Product

6.2. By Geography

6.2.1 North America

6.2.2 Europe

6.2.3 Asia-Pacific

6.2.4 Latin America

6.2.5 Middle East & Africa

7. COMPETITIVE ANALYSIS

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/4nenxb.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200603005338/en/

Contacts

ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900

Go here to read the rest:
Global Pharmaceutical Glass Packaging Market (2020 to 2025) - Growth, Trends and Forecast - ResearchAndMarkets.com - Yahoo Finance