The global pharmaceutical glass tubing market is an integral part of pharma packaging owing to its inert and transparent properties. Pharmaceutical glass tubing is widely used in vials, cartridges, syringes and other drug delivery systems for packaging injectable drugs and vaccines. The increasing demand for biologics and injectables has fueled the demand for quality pharmaceutical glass tubing. Various benefits such as chemical resistance, hermetic seals, clarity, sterilization properties and affordability increases the preference of pharmaceutical glass tubing over alternative materials like plastics. Furthermore, the market also benefits from stringent regulations around packaging of pharmaceutical products to ensure safety, quality and efficacy of drugs.
The Global pharmaceutical glass tubing Market is estimated to be valued at US$ 8.3 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the 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. Key players are focusing on expanding their production capacities and developing enhanced glass tubing to cater to the changing customer requirements.
The global Pharmaceutical Glass Tubing market is anticipated to witness robust growth due to increasing demand for generic and biologic injectables. Rising incidence of chronic diseases and increasing healthcare expenditure is fueling the growth of pharmaceutical industry. This is expected to propel the demand for quality glass packaging tubes during the forecast period.
Advancements in glass tubing technologies has allowed developing light weight, thin walled and customized glass packaging tubes with enhanced barrier properties for moisture, oxygen and chemicals. Such innovations help improve product security and efficacy while reducing production costs.
Market Trends
Growing preference for prefilled syringes - Many pharmaceutical companies are shifting from traditional vials to prefilled syringes owing to benefits like controlled dosage, easier administration and reduced risk of contamination. This is expected to drive the demand for specialized pharmaceutical glass tubing.
Focus on sustainability - Major glass tubing manufacturers are investing in recycle/reuse programs and developing techniques to reduce energy consumption during manufacturing. This helps lower the environmental footprint of glass packaging solutions.
Market Opportunities
Opportunity in developing markets - Emerging markets in Asia Pacific and Latin America are expected to offer lucrative growth opportunities owing to expanding pharmaceutical production, rising health awareness and increasing healthcare access.
Partnering with emerging start-ups - Collaborating with start-ups focused on innovative drug delivery solutions can open new application areas for specialized pharmaceutical glass tubing and drives future growth.
The COVID-19 pandemic has significantly impacted the growth of the global pharmaceutical glass tubing market. The lockdowns imposed across various countries led to disruptions in the manufacturing and supply chain of pharmaceutical glass tubing. This resulted in shortages and increased the delivery time of glass tubing. The restrictions on travel and transportation made it difficult for key players to deliver glass tubing to pharmaceutical companies on time.
Post lockdowns, the demand for pharmaceutical glass tubing increased rapidly to meet the rising demand for vaccines and medicines. Manufacturers increased their production capacity to fulfill the growing requirements from pharmaceutical companies involved in COVID vaccine and drug development. However, shortage of labor, supply chain issues and economic downturn posed challenges. Rising cases and need for vaccine refillers and booster doses is expected to sustain the demand over the long run.
North America region accounts for the largest share in the global pharmaceutical glass tubing market in terms of value due to presence of large pharmaceutical companies and healthcare infrastructure. Asia Pacific region is projected to be the fastest growing market during the forecast period. India and China have emerged as key manufacturing hubs of pharmaceutical glass tubing due to availability of cheap labor and raw materials. The rising pharmaceutical production and investments by major players in these regions will boost the market value.
Europe also holds a significant share backed by stringent regulations regarding use of glass in pharmaceutical packaging and production units of major players like Schott and Nipro located in the region. In Latin America and Middle East & Africa, growth is expected to be steady on account of improving healthcare infrastructure and access. Public-private initiatives for enhancing local production of medicines will support the glass tubing demand.
What Are The Key Data Covered In This Global Pharmaceutical Glass Tubing Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global Pharmaceutical Glass Tubing's growth between 2024 and 2031.
:- Accurate calculation of the size of the Global Pharmaceutical Glass Tubing and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Global Pharmaceutical Glass Tubing Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market's competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global Pharmaceutical Glass Tubing vendors
FAQ’s
Q.1 What are the main factors influencing the Global Pharmaceutical Glass Tubing?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Pharmaceutical Glass Tubing companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Pharmaceutical Glass Tubing’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
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About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
