Europe Pharmaceutical Glass Packaging Market Analysis, Key Players, Industry Segments, Development, Opportunities And Forecast To 2030

Europe Pharmaceutical Glass Packaging Market Growth & Trends

The Europe pharmaceutical glass packaging market size is expected to surpass USD 5.8 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.8% from 2023 to 2030.

The European pharmaceutical industry is expected to witness strong growth in the coming years. Growing aging population in France, Germany, and other European countries; increasing health consciousness among consumers; high emphasis of government on strengthening the healthcare sector; and introduction of various healthcare insurance schemes by governments are primarily driving the pharmaceutical industry.

Research-based pharmaceutical industry is a key asset of the European economy and one of Europe’s top performing high-technology sectors. The pharmaceutical glass packaging market is on the rise owing to growth in healthcare developments in the region by research, development, and introduction of new medicines to improve the health and quality of life of patients.

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However, the market for pharmaceutical glass packaging is estimated to witness a moderate growth rate in the coming years mainly because glass materials are expensive and are not able to provide economically viable solutions for the packaging of products at a large scale. Plastic bottles used for pharma packaging are made of a special plastic, known as polyethylene terephthalate (PET), which is a clear, strong, and lightweight plastic belonging to the polyester family.

Europe Pharmaceutical Glass Packaging Market Report Highlights

• In terms of revenue, the vials type segment is projected to ascend at a CAGR of 6.8% over the forecast period. The increased demand for personalized medicines and biologics and the consequent flexibility in manufacturing capacity has led to a growing demand for ready-to-use vials.
• Type 2 glass dominated the glass type segment with a share of 26.6%. This is due to the high demand from neutral aqueous and acidic chemicals based pharmaceutical manufacturers.
• Cosmeceutical application is expected to grow at a higher pace with a CAGR of 7.1% over the forecast period. This is due to the increasing awareness of cosmeceuticals coupled with growing aged population across the world.
• Gerresheimer AG, SGD SA, and West Pharmaceutical Services, Inc. are considered market innovators as of 2022, owing to the increasing investments in innovation centers coupled with the adoption of new manufacturing technologies and product launches with novel properties such as material strength and chemical durability.
• Manufacturers of glass packaging for pharmaceuticals are constantly striving to offer a wide range of technologies covering as much of the value chain as possible. For instance in September, 2022, Stevanato Group and Gerresheimer AG Announce Collaboration on the Development of an Innovative Ready-To-Use Vial Platform for the Pharmaceutical Industry.
• EU took strong measures to tackle the growing threat of counterfeit medicines and banned medicines repacking. Additionally, the EU imposes high penalties on vendors for trafficking counterfeit medicines.

Europe Pharmaceutical Glass Packaging Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 3.6 billion

Revenue forecast in 2030

USD 5.8 billion

Growth rate

CAGR of 6.8% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2020

Forecast period

2023 - 2030

Europe Pharmaceutical Glass Packaging Market Segmentation

Grand View Research has segmented the global Europe pharmaceutical glass packaging market on the basis of product and region:

Europe Pharmaceutical Glass Packaging Product Outlook(Volume, Million Units; Revenue, USD Million; 2018 - 2030)

• Vials
  • Small Vials
  • Large Vials
• Bottles
  • Small Bottles
  • Large Bottles
• Cartridges & Syringes
• Ampoules

Europe Pharmaceutical Glass Packaging Glass Type Outlook(Volume, Million Units; Revenue, USD Million; 2018 - 2030)

• Type I
• Type II
• Type III

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Application Outlook (Volume, Million Units; Revenue, USD Million; 2018 - 2030)

• Nutraceutical
• Cosmeceutical
• Pharmaceutical

Regional Outlook (Volume, Million Units; Revenue, USD Million; 2018 - 2030)

• EUA
• NORDIC (Denmark, Norway, Sweden, Finland, and Iceland)
• DACH (Germany, Austria, Switzerland)
• IBERA (Spain & Portugal)
• France
• UK
• Poland
• Italy
• Australia

List of Key Players of Europe Pharmaceutical Glass Packaging Market

• SGD S.A.
• Nipro Corporation
• Stölzle-Oberglas GmbH
• Bormioli Pharma S.r.l
• Owens-Illinois, Inc.
• Schott AG
• Gerresheimer AG
• West Pharmaceutical Services, Inc.
• Beatson Clark
• Ardagh Group S.A
• ?i?ecam Group

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Highlights Points of the Market:

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