pharmaceutical amber glass bottles market Report Overview
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The global pharmaceutical amber glass bottles market size was USD 615 million in 2022 and the market is projected to touch USD 1089 million by 2032 at a CAGR of 5.8% during the forecast period.
Amber Glass is a tinted glass made by using different mixtures of sulfur and iron oxide. The color can vary from pale yellow to ruby amber. Amber glass is used for packaging syrups, drinks, capsules, and tablets to safeguard these contents from sunlight exposure and thereby extend their shelf life. Amber glass offers greater protection to light-sensitive products compared to other accessible colour glasses. Amber glass are nonporous, 100% recyclable, impermeable. It offers benefits such as it can fliter UV rays. Increased preference toward green packaging due to corporate and government retorts to consumer demand. Regulatory bodies and governments are focusing on minimizing plastic usage to reduce plastic waste generation. Companies are aiming on relieving their plastic packaging materials, considering both consumer and cost expectations, so addressing ecological worries and gaining a competitive advantage.
Glass bottles and containers used in the pharmaceutical industry are broadly used for the packaging of medicinal drugs. Pharmaceutical glass bottles are manufactured to meet fitted acceptance limits because they are frequently occupied in high-speed lines. Glass is being considered as a viable substitute as its influences on humans and the environment are much less compared to polyethylene making it the most environment-friendly packaging. Multiple manufacturers working in the pharmaceutical glass manufacturing industry are focused on packaging aimed at increasing the shelf life of products and are therefore investing in vials. Participating are fixing their efforts on encouraging R&D. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Technological development are supporting the regional market growth.
COVID-19 Impact: Pandemic hampered the market due to unexpected disruption in the sector
The global COVID-19 pandemic has been unprecedented and staggering, with pharmaceutical amber glass bottles market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over.
Covid 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. Covid 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.
Latest Trends
"Use of innovative products to boost the market growth "
Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.
pharmaceutical amber glass bottles market Segmentation
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- By Type Analysis
According to type, the market can be segmented into dropper bottles, ampoules, vial, others.
Dropper bottles will capture the maximum market share through forecast period.
- By Application Analysis
According to application, the market can be segmented into pills, injection, others.
Pharmaceutical amber glass bottles market players cover segment as pills will dominate the market share during forecast period.
Driving Factors
"Rising demand for innovative drug therapies to boost the market growth"
The rising demand for the innovative and efficient drug therapies will pierce the market growth. Increasing implementation of the digital technologies from the patient care delivery to the improvement of advanced therapeutics to practice management sets the huge prospect for the market. There has been greater need of the new therapies with respect to the growing number of diseases. The appearance of the virtual health facility, tech powered healthcare, growing interest in pharmaceutical and life sciences are some of the factors that contribute to fuel the market growth at a superior speed and efficiently.
"Technological advancement and development to upsurge the market."
Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the pharmaceutical amber glass bottles market growth. The emergence of technological innovations tends to introduce the medical progress that results in increasing prosperity. Growing investment in research and development activities and growing awareness about benefits of pharmaceutical amber glass bottles are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.
Restraining Factors
"High cost to hamper the market growth"
High cost is hampering development of pharmaceutical amber glass bottles market. The manufacturing process involves several intricate steps which makes it costlier. Glass containers can be expensive due to mass and delicateness. Technical difficulties will reduce the industry revenue.
pharmaceutical amber glass bottles market Regional Insights
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"Asia Pacific to dominate the region due to growth in medical progress"
Asia Pacific is further expected to witness growth in the pharmaceutical amber glass bottles market share. The region is dominating the market due to growth in medical progress using research, development, and introduction of new medicines aimed at improving the health and quality of life of patients in the region. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.
Key Industry Players
"Key players focus on partnerships to gain competitive advantage."
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.
List of Market Players Profiled
- SCHOTT AG (Germany)
- Vetropack Group (Switzerland)
- Piramal Glass (India)
- Gerresheimer (Germany)
- Stölzle Glass Group (Austria)
Report Coverage
The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 615 Million in 2022 |
Market Size Value By |
US$ 1089 Million by 2032 |
Growth Rate |
CAGR of 5.8% from 2022 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
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By Type
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By Application
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Frequently Asked Questions
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What value is the pharmaceutical amber glass bottles market expected to touch by 2032?
Pharmaceutical amber glass bottles market is expected to touch USD 1089 million by 2032.
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What CAGR is the pharmaceutical amber glass bottles market expected to exhibit by 2032?
Pharmaceutical amber glass bottles market is expected to exhibit CAGR of 5.8% by 2032.
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What are the driving factors of the Pharmaceutical Amber Glass Bottles Market?
Rising demand for innovative drug therapies and technological development and advancement are expected to deliver profitable opportunities for the Pharmaceutical Amber Glass Bottles market.
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Which are the key players or most dominating companies functioning in the Pharmaceutical Amber Glass Bottles market?
The dominating companies in the Pharmaceutical Amber Glass Bottles market are SCHOTT AG, Shandong PG, Piramal Glass, Stölzle Glass Group, and Vetropack Group.
