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.

Further, Corning Inc., Borosil Corporate AV, Piramal Enterprise Ltd., Hindustan National Glass & Industries Ltd., Gerresheimer AG, and Schott AG are some of the prominent players operating in the Indian pharmaceutical glass packaging market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the Indian pharmaceutical glass packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for pharmaceutical companies, packaging companies, drug manufacturers, raw material suppliers, third-party distributors, government organizations, regulatory bodies, research institutes, industry associates & experts, and other market participants for the overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. India Pharmaceutical Glass Packaging Market Research and Analysis by Product Type

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.