The European pharmaceutical glass packaging market is anticipated to grow at a CAGR of 5.3% during the forecast period (2020-2026). Europe serves as one of the lucrative markets for pharmaceutical glass packaging, owing to the well-established packaging sector as well as the pharmaceutical sector in the region. The key factors that drive the growth of the European pharmaceutical glass packaging market include the research-based pharmaceutical industry.
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There has been a substantial rise in the industry owing to the growth in medical progress through intense R&D and the introduction of new medicines aimed at improving the health and quality of life of the patients. An upsurge in the pharmaceutical sector, in turn, demands more packaging options, which eventually is likely to drive the European pharmaceutical glass packaging market growth over the forecast period. Further, the rise in the prevalence of various diseases also creates a wide scope for market growth, as a large number of drugs will be required, which in turn, will contribute to market growth.
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The European pharmaceutical glass packaging market is segmented on the basis of product type into bottles, vials, cartridges & syringes, and others such as ampoules. The demand for glass vials is projected to remain high during the forecast period due to its properties such as high inertness to the majority of chemicals. In addition, the vials prevent atmospheric gases such as oxygen and carbon dioxide from entering the container.
Europe Pharmaceutical Glass Packaging Market Segmentation
By Product Type
• Cartridges & Syringes
• Rest of Europe
• Agrado SA
• Agrado SA in Pharmaceutical Glass Packaging
• Recent Developments
• Amposan S.A.
• Ardagh Group S.A.
• Beatson Clark Ltd.
• Becton, Dickinson, and Co.
• Bormioli Pharma
• Corning Inc.
• DWK Life Sciences GmbH
• Gerresheimer AG
• Nipro Corp.
• Schott AG
• SGD S.A
• ?i?ecam Group
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