Page 55 - Glass Machinery Plants & Accessories no. 2-2019

This article, oped- as well as in develop-
Pharmaceutical Glass Market art GM2.indd
ing economies. The market
prepared by consolidation has created a
pressure on packaging con-
Newton Consulting verters due to fewer options of
pharmaceutical glass tubing
Partners, gives suppliers. Packaging convert-
ers face the challenge of high
our readers an cost due to low bargaining
power on their side. However,
overview of a the increasing demand for
parental packaging products
recent report has gained significant atten-
tion from the investors and
on the pharma other established specialty glass
manufacturing companies.
glass tubing market In this article, Newton
Consulting Partners analyses
sector. Covering three key players in the glob-
al pharmaceutical glass tub-
some of the main ing market: Schott AG, Nipro
Pharma Packaging, and Corning
players of the sector, Incorporated.
the article provides SCHOTT AG
Schott AG is a Germany-based
information on
leading manufacturer of specialty
glass and glass-ceramic products
Schott AG, Nipro
for different end-use industries
such as architecture, automo-
Pharma Packaging,
tive, aviation, commercial cool-
and Corning ing, pharmaceutical, consumer
electronics, life sciences, etc. The
Incorporated, in company generated net annual
sales of USD 2.37 billion in
particular. 2017. The company manufac-
tures glass tubing and paren-
tal packaging containers for the
pharmaceutical industry. With
production facilities in Germany,
lass is widely used for the India, and Brazil, it has a produc-
packaging of pharmaceu- tion capacity of approximately
Gtical products across the 1,40,000 tonnes of pharmaceuti-
world thanks to its high barrier cal glass tubing.
properties. Pharmaceutical glass Schott has more than 130
tubing is used as a raw material years of outstanding develop-
to manufacture parental packag- ment, materials and technolo-
ing products such as ampoules, gy expertise and offers a broad
vials, syringes, and cartridges. portfolio of high-quality products
Borosilicate glass i.e. Type I glass and intelligent solutions. The
is primarily used to manufacture company is, in fact, an innova-
pharmaceutical glass tubing. The tive enabler for many industries,
supply base of pharmaceutical including the home appliance,
glass tubing market is consoli- pharma, electronics, optics, life
dated in nature with the presence sciences, automotive and avia-
of only a few players in devel- tion industries. Schott AG,
glass machinery plants & accessories 2/2019
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