Pharmaceutical glass packaging market to grow at 6% CAGR

The global pharmaceutical glass packaging market is expected to grow at a compound annual growth rate (CAGR) of about 6% over the next five years, reveals a new report.

North America was said to dominate the global market for pharmaceutical glass packaging, due to the continent’s technical innovation coupled with its strong demand for pharmaceutical products. Other factors promoting the growth of glass packaging in North America were identified as increased awareness about its benefits for pharmaceutical products and improved healthcare facilities.

Elsewhere, the Asian pharmaceutical glass packaging market was expected to exhibit a high growth rate in the short term, followed by the European market. China and India were predicted to be the fastest growing pharmaceutical glass packaging markets in the region. This will be driven by the region’s large population and increasing prevalence of chronic diseases.

The top 10 key players in the global pharmaceutical glass packaging market were identified as:

1. Gerresheimer AG, Germany

2. Nipro Corporation, Japan

3. SCHOTT Pharmaceutical Packaging, U.S.

4. SGD Pharma, France

5. Shandong Qidu Pharmaceutical Co., Ltd., China

6. Bormioli Rocco SpA, Italy

7. Ardagh Group S.A., Luxembourg

8. West Pharmaceutical Services, Inc. U.S.

9. Piramal Glass, India

10. Stolzle-Oberglas Gmbh, Austria.