Global Glass Vials Market: Overview
Pharmaceutical packaging plays a vital role to preserve and protect the medicinal drug during its usage. There is always a threat of Bisphenol A, commonly called BPA to mix with the medicinal drug if packed with plastic or metal containers. This factor has thus led to the increase in demand of glass containers especially glass vials in the pharmaceutical packaging industry. Also, the rise in health awareness on the backdrop of growth in the detection of new fatal diseases have taken the vial packaging market to a whole new level. Glass vials are comparatively easy to clean, dust resistant and are non-reactive with the fluids stored in it. Nowadays, there is growing inclination of manufacturers towards high-tech glasses to keep medicines fluids safe and are also prioritizing eco-friendly packaging solution.
Global Glass Vials Market: Drivers & Restraints
Unlike plastic or aluminium, glass does not impart the flavours into the drug stored maintaining the purity of drug and thus pushing the demand for glass vials for packaging of pharmaceutical and personal care products. Manufacturers, distributors and suppliers and have voiced their inclination towards glass vials over alternative containers available in the market as they provide longer shelf-life, ease, and contamination-free storage, etc. Glass vials are easily recyclable and thus are highly preferred by eco-friendly consumers. However, glass vial packaging is a capital-intensive business which involves use of large furnaces and machines. Also, compared to other alternatives such as plastic and metal, glass vials are heavy in weight and are vulnerable to easy breakage thus hampering the growth prospects of glass vials market. Owing to this, the recent trend shows that most of the manufacturers are now adding an extra layer of protection by wrapping glass vials in protective silicone sleeves.
Global Glass Vials Market: Segmentation
Based on various parameters, global glass vials market can be segmented into various segments such as
Based on product type, global glass vials market can be segmented as
- Screw thread glass vials
- Serum / Specialty glass vials
- Sterile glass vials
Based on end user application, global glass vials market can be segmented as
- Pharmaceutical / Medicinal
- Personal care
Based on filling technology used, global glass vials market can be segmented as
- Volumetric fillers
- Rotary fillers
- Net weight fillers
- Other fillers
Based on type of glass used, global glass vials market can be segmented as
- Borosilicate glass
- Fused Silica
Global Glass Vials Market: Regional Overview
Geographically, the global glass vials market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
Glass vials market is directly influenced by the continuous developments in the drug delivery formats applied in the healthcare industry. In the near future, a sizable economic growth is expected in the developing economies like India, China, ASEAN etc. Growing applications of glass vials in medical as well as chemical packaging is likely to drive the overall growth in the glass vials market in the Asia-Pacific region. Thus, Asia-Pacific region is expected to dominate the glass vials market over the forecast period. On the other hand, Europe and North America regions are comparatively mature markets in terms of glass container packaging and are likely to show a steady rate of growth in glass vials market during the forecast period. However, with the rise in urbanization, coupled with growing health awareness in the Middle-East & Africa, and Latin America region, the glass vial market is projected to witness substantial growth over the forecast period.
Overall, global glass vial market is anticipated to grow at a healthy CAGR over the forecast period.
Global Glass Vials Market: Key Players
Some key players that currently operate in glass vial market across the globe are Adelphi Healthcare Packaging, Comar LLC., Schott AG, Gerresheimer AG, PerkinElmer Inc., Phoenix Glass, LLC, Pacific Vial, Qosmedix, Hanna Instruments, Inc., Fusion Packaging, and many more.
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