Pharmaceutical glass packaging – global market trajectory & analytics

Research and Markets released a report on the analysis of the Global Fill-Finish Pharmaceutical Contract Manufacturing Market 2015-2026

Amid the COVID-19 crisis and the looming economic recession, the Pharmaceutical Glass Packaging market worldwide will grow by a projected 6 billion USD, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 4.9 percent, according to a new report released by Research and Markets.

Vials, one of the segments analysed and sized in this study, is forecast to grow at over 5.3 percent and reach a market size of 8.2 billion USD by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Vials market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 5.9 percent CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 274.1 million USD to the region’s size over the next 7 to 8 years. In addition, over 266.1 million USD worth of projected demand in the region will come from Rest of European markets. In Japan, the Vials segment will reach a market size of 673.1 million USD by the close of the analysis period.

Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Pharmaceutical Glass Packaging market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 5.3 percent over the next couple of years and add approximately 1 Billion USD in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Pharmaceutical Glass Packaging market landscape.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others are:

  • Arab Pharmaceutical Glass Co.
  • Ardagh Group SA
  • Beatson Clark
  • Bormioli Pharma S.p.a.
  • Corning, Inc.
  • Gerresheimer AG
  • Nipro Corporation
  • Piramal Enterprises Ltd.
  • Sgd SA
  • Sisecam Group
  • Stolzle-Oberglas GmbH
  • West Pharmaceutical Services, Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.