Persistence Market Research is released new forthcoming report on title "Pharmaceutical Glass Packaging Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 11/19/2014 -- Packaging refers to a process of providing protection, presentation, identification information, convenience and compliance for a product during storage, carriage and display. In addition, packaging also helps manufacturers to differentiate their products from competitors. Pharmaceutical packaging is an essential part of pharmaceuticals product and drug delivery system in the pharmaceutical industry. Pharmaceutical packaging protects products from physical damage, biological contamination and from all adverse external influences which can damage the properties of the products. Pharmaceutical packaging equipment includes primary packaging equipment, secondary packaging equipment and equipment for labeling and serialization. Pharmaceutical packaging equipment may be used for packing of solids, semi-solids, liquids and others. Pharmaceutical packaging equipment helps in reducing time for packaging of pharmaceutical products which helps to increase production and innovations in drug delivery systems and personalized drugs. Various packaging materials can be used for pharmaceutical packaging such as plastics, paper, glass and metals. Pharmaceutical glass packaging market is growing at a significant rate due to increasing demand for pharmaceutical products, technological advancements in the field. One of the major advantages of using glass packaging involves its inert nature.
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North America dominates the global market for pharmaceutical glass packaging due to technical advancements and big market for pharmaceutical products in the region. In addition, increased awareness and improved healthcare facilities are driving the North American market for pharmaceutical glass packaging. Asia, followed by the Europe, is expected to experience high growth rates in the next few years in pharmaceutical glass packaging market. China and India are expected to be the fastest growing pharmaceutical glass packaging markets in Asia region. This is due to large population base and increasing prevalence of chronic diseases cases in these countries. Some of the key driving forces for pharmaceutical glass packaging market in emerging countries are increasing awareness and improved healthcare facilities.
Increased awareness, technological advancement in field and high adoption rate of pharmaceutical glass packaging among the people has driven the global pharmaceutical glass packaging market. In addition, government initiatives in the field have driven the market for pharmaceutical glass packaging. However, factors such as lack of awareness in some developing regions and availability of substitutes are restraining the global pharmaceutical glass packaging market from growing. In addition, economic crisis followed with regulatory issues are restraining the pharmaceutical glass packaging market from growing.
Growing demographics and economies in the developing countries such as India and China are expected to offer good opportunities for the global pharmaceutical glass packaging market. Innovation of some new products with focus on better efficiency is expected to offer good opportunity for the global pharmaceutical glass packaging market. However, changing health regulations and availability and price volatility of raw material could lead a challenge for global pharmaceutical glass packaging market. Companies involved in pharmaceutical packaging have been involved in saving operational cost. In addition, rising number of mergers and acquisitions, new product launches and increasing number of collaborations and partnerships are some of the trends that have been observed in global pharmaceutical glass packaging market. Some of the major companies involved in the global market for pharmaceutical glass packaging are SCHOTT AG, Beatson Clark and STÖLZLE GLASS GROUP. Some other companies having significant presence in the global pharmaceutical glass packaging market are O.Berk Company, LLC, Amcor Ltd and Shandong Pharmaceutical Glass Co., Ltd.
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