Market Share of Pharmaceutical Glass Packaging Industry
The pharmaceutical glass packaging market is inclined towards fragmentation. The surge in government initiatives and increasing demand for injectables and other medicines provide lucrative pharmaceutical glass packaging solutions opportunities. Overall, the competitive rivalry among existing competitors is high. Further, expansion and mergers of large companies in different pharmaceutical industries are expected to increase the demand in the market. Key players are Gerresheimer Glass Inc., Corning Incorporated, etc.
In September 2022, Gerresheimer AG and StevanatoGroup SpA developed together a high-end ready-to-use (RTU) solution platform with an initial focus on vials built on StevanatoGroup's market-leading EZ-fill technology. The customers are expected to benefit from the partnership in terms of increased productivity, higher quality standards, quicker time to market, the lower total cost of ownership (TCO), and reduced supply chain risk.
In July 2022, Nipro Corporation Japan, a Medical equipment manufacturing company, invested HRK 100 million (USD 13.6 million/EUR 13.3 million) in a new glass packaging plant for the pharmaceutical industry in Croatia. The new factory that produces glass ampoules and vials to package life-saving drugs was inaugurated in Zagreb's suburb Sesvete, Nipro's division Nipro PharmaPackaging.
Pharmaceutical Glass Packaging Market Leaders
Gerresheimer AG
Corning Incorporated
Nipro Corporation
SGD SA (SGD Pharma)
Stölzle-Oberglas GmBH (CAG Holding GmbH)
*Disclaimer: Major Players sorted in no particular order
