Global Pharmaceutical Glass Tubing Market is Segmented By Product Type (Vials, Ampoules, Cartridges, Syringes, Bottles, Others), By End User (Pharmace....
Market Size in USD
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 |
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