Post Time：Jun 06,2019Classify:Industry NewsView：1703
The Global Pharmaceutical Glass Packaging Market is expected to grow at ~ 6% CAGR during the forecast period.
Glass packaging is mainly used in pharmaceutical packaging liquid preparations due to their rigidity and their superior protective qualities. Its high transparency allows easy inspection of its contents. It offers better protection because of its relative impermeability to air and moisture. Glass is chemically resistant to most medicinal products. Also, colored glass such as, amber glass and red colored glass can protect its contents from ultraviolet rays and certain wavelengths. Glass containers can easily be sterilized using heat, which make them an ideal material for pharmaceutical packaging.
Increased awareness, technological advancements in this field, and high adoption rate of pharmaceutical glass packaging among people, have driven the global pharmaceutical glass packaging market. In addition, government initiatives in the field have further propelled the market. However, factors such as lack of awareness about pharmaceutical glass packaging in some developing regions and the availability of substitutes are restraining the global pharmaceutical glass packaging market from growing. In addition, economic crisis and regulatory issues, are hampering the growth of this market.
Global Pharmaceutical Glass Packaging Market has been segmented based on product, application, and region. Glass vials in product segment is expected to hold the largest market share during the forecast period. Glass vials are comparatively easy to clean, dust resistant and are non-reactive with the fluids stored in them.
Key Players
The key players of global Pharmaceutical Glass Packaging Market are Gerresheimer AG (Germany), Nipro Corporation (Japan), SCHOTT Pharmaceutical Packaging (U.S.), SGD Pharma (France) and Bormioli Rocco SpA (Italy).
Source: www.marketwatch.comAuthor: Shangyi
