Global Pharmaceutical Glass Tubing Market is Segmented By Product Type (Vials, Ampoules, Cartridges, Syringes, Bottles, Others), By End User (Pharmace....
Market Size in USD Bn
CAGR7.1%
Study Period | 2023 - 2030 |
Base Year of Estimation | 2022 |
CAGR | 7.1% |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players | Schott AG, Nipro Pharma Corporation, Corning Incorporated, NEG Glass, PreCision Glass & Packaging and Among Others. |
Global pharmaceutical glass tubing market is expected to reach US$ 11.2 Bn by 2030, from US$ 8.3 Bn in 2023, exhibiting a CAGR of 7.1% during the forecast period. Pharmaceutical glass tubing is used for manufacturing of primary pharmaceutical packaging products such as vials, ampoules, cartridges, and pre-fillable syringes. Rising demand for injectable pharmaceutical formulations and biologics is driving the growth of the global pharmaceutical glass tubing market. Key drivers include growing biopharmaceutical and pharmaceutical industries, rising prevalence of chronic diseases, increasing aging population, and stringent regulatory guidelines for packaging of pharmaceutical formulations.
Global pharmaceutical glass tubing market is segmented by product type, end user, distribution channel, manufacturing process and region. By product type, the vials segment is estimated to account for the largest share of over 40% in 2023. The high use of glass vials for packing injectable drugs is contributing to the large share of this segment.
Global Pharmaceutical Glass Tubing Market- Drivers
Global Pharmaceutical Glass Tubing Market- Opportunities
Global Pharmaceutical Glass Tubing Market- Restraints
Global Pharmaceutical Glass Tubing Market- Regional Insights
Figure 1. Global Pharmaceutical Glass Tubing Market Share (%), By Region, 2023
Major players operating in the global pharmaceutical glass tubing market include Schott AG, Nipro Pharma Corporation, Corning Incorporated, NEG Glass, PreCision Glass & Packaging, Shandong Pharmaceutical Glass Co., Ltd., Borosil Glass Works Ltd., Thermo Fisher Scientific, Richland Glass, Haldyn Glass Ltd., Duran Group GmbH, Epax Systems, Linuo Group Glass Products Co., Ltd., JSG Pharma, Fushan Technology, NAFEMS, Saverglass Group, Bormioli Rocco S.p.A., SGD S.A., Qorpak, Division of Berlin Packaging.
Global Pharmaceutical Glass Tubing Market
New Product Launches
Acquisition and Partnerships
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What are the key factors hampering growth of the global pharmaceutical glass tubing market?
High costs, preference for plastic tubing, complex manufacturing process, lack of skilled workforce, slow adoption of advanced technologies are hampering the market growth.
What are the major factors driving the global pharmaceutical glass tubing market growth?
Rising demand for injectables, growth of pharmaceutical and biotech industries, increase in chronic diseases, stringent regulations, rising aging population are driving the market growth.
Which is the leading product type segment in the global pharmaceutical glass tubing market?
The vials segment accounted for the largest share of over 40% in 2022 due to high use of glass vials for injectable pharmaceutical drugs.
Which are the major players operating in the global pharmaceutical glass tubing market?
The major players operating in the global pharmaceutical glass tubing market are Schott AG, Nipro Pharma Corporation, Corning Incorporated, NEG Glass, PreCision Glass & Packaging, Shandong Pharmaceutical Glass Co., Ltd., Borosil Glass Works Ltd., Thermo Fisher Scientific, Richland Glass, Haldyn Glass Ltd., Duran Group GmbH, Epax Systems, Linuo Group Glass Products Co., Ltd., JSG Pharma, Fushan Technology, NAFEMS, Saverglass Group, Bormioli Rocco S.p.A., SGD S.A., Qorpak, Division of Berlin Packaging
Which region will lead the global pharmaceutical glass tubing market?
North America is expected to lead the global pharmaceutical glass tubing market.
What will be the CAGR of global pharmaceutical glass tubing market?
The CAGR of the global pharmaceutical glass tubing market is projected to be 7.1% from 2023 to 2030.