The Asia-Pacific pharmaceutical glass packaging market is anticipated to grow at a CAGR of 6.1% over the forecast period (2020-2026). The market is driven by a large number of local and multinational players operating in the region. The increased demand for advanced healthcare facilities in emerging economies of the region along with the increasing focus of major market players towards the development of innovative products are the prominent factors that are significantly contributing to market growth.
Advanced healthcare infrastructure is also contributing significantly to the growth of the market in the Asia-Pacific region. The economies of Asia-Pacific, especially China, Japan, and India are investing significantly towards the development of the pharmaceutical industry. This, in turn, contributes significantly to the market growth.
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Another factor that encourages the growth of the market is the rising geriatric population along with the increased prevalence of diabetes. A significant rise in the prevalence of diabetes has been witnessed over the years in the region. Increased preferences of people towards insulin in comparison with drugs is fueling the growth of the market.
Further, the presence of the key players also fuels the market. Some of the global players operating in the region include Ajanta Bottle Pvt. Ltd., Corning Inc., DWK Life Sciences GmbH, Gerresheimer AG, Hindustan National Glass & Industries Ltd., and Piramal Enterprises Ltd. These players adopt several growth strategies such as new product launches & developments, partnerships, agreements, and acquisitions in order to sustain in the thriving market in the region.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
Asia-Pacific Pharmaceutical Glass Packaging Market – Segmentation
By Product Type
Asia-Pacific Pharmaceutical Glass Packaging Market – Countries Covered
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