The Indian pharmaceutical glass packaging market is anticipated to grow at a CAGR of 7.7% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising pharmaceutical sector in India. As per the IBEF in 2019, the Indian pharmaceutical industry is among the top third drugs industry by volume. The industry generates annual revenue of around $38 billion. The rising pharma industry in the country allows better accessibility of the facilities across the country, which ultimately demands more drugs especially generic drugs. Thus, the increased adoption of generic drugs over the period is likely to demand advanced and safe packaging products. This, in turn, will drive the growth of the pharmaceutical glass packaging market. Besides, the country’s capabilities in formulation development, the entrepreneurial ability of the firms, and the vision of the industry to establish India’s footprint in large international markets such as the US are also encouraging the market growth.
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The Indian 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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
India Pharmaceutical Glass Packaging Market by Product Type
- Bottles
- Vials
- Cartridges & Syringes
- Others
Company Profiles
- Ajanta Bottle Pvt. Ltd.
- BorosilCorporate AV
- Corning Inc.
- Gerresheimer AG
- Hindustan National Glass & Industries Ltd.
- Piramal Enterprises Ltd.
- Schott AG
The Report covers:
- Comprehensive research methodology of the Indian pharmaceutical glass packaging market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Indian pharmaceutical glass packaging market.
- Insights about market determinants which are stimulating the Indian pharmaceutical glass packaging market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of the market players.
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