Market Trends of Asia Pacific Pharmaceutical Glass Packaging Industry
China is Expected to have a Significant Share During the Forecast Period
- China's pharmaceutical glass packaging market is expected to grow as the country has built a standard system for the pharmaceutical industry over the years. The country pays increasing attention to the stability of pharmaceutical packaging materials during the drug storage period and their safety when used.
- The Chinese pharmaceutical sector has grown remarkably, propelling it from a manufacturing hub to a pivotal R&D center. This evolution has firmly established China as a critical global pharmaceutical player, a significant consumer, and a burgeoning R&D epicenter. EqualOcean reports that in 2022, China's pharmaceutical R&D expenditure stood at approximately USD 285 billion. Projections suggest this figure is set to surge, with expectations that by 2023, the nation's total pharmaceutical R&D spending will soar to USD 342 billion.
- The country also witnesses various events and exhibitions to promote glass packaging. In April 2024, China Glass, held at the Shanghai New International Expo Centre, focused on the glass industry's high-end, innovative, and green development. Companies such as Fives Group showcased their full range of solar glass technology and dedicated services at the China Glass exhibition.
- Additionally, Fives Group has forged partnerships with PV glass manufacturers in China for over two decades. It specializes in crafting and delivering cutting-edge rolling machines, catering to local and global markets. The company's prowess lies in deploying patented technologies, guaranteeing peak performance, superior quality, and heightened energy efficiency in green glass manufacturing.
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The Ampoules Segment Held a Significant Share in the Market
- Due to its alkaline and hydrolytic properties, glass is a widely used packaging material for pharmaceutical and personal care products. It provides high transparency, allowing for easy inspection of contents, increased protection due to its relatively impermeable properties to air and moisture, and chemical resistance to most medicinal products.
- Companies operating in the region are focused on expanding their business by innovating new products and expanding capacity. In March 2023, players such as Schott began manufacturing amber pharmaceutical glass domestically in India to meet the increasing demand for pharmaceutical packaging, including ampoules, syringes, vials, and other drugs in Asia.
- Ampoules are an essential component of parenteral pharmaceutical packaging. The increasing geriatric population, the prevalence of chronic conditions, and the preference for injectable treatments have led to a surge in demand for ampoules. Furthermore, players in the ampoule glass packaging market are introducing high-speed fill lines to enhance the functionalities of glasses with high dimensional stability, thus augmenting their manufacturing capabilities.
- The need for vaccine storage for diseases like hepatitis B, tuberculosis, chickenpox, and polio drives the market's growth. Additionally, Pharmaceutical sales in Asian countries have grown in recent years. According to CPhI South East Asia, pharmaceutical sales in South Asia, where Indonesia is projected to reach USD 16.05 billion in 2024, followed by Vietnam with USD 9.84 billion, are expected to fuel glass packaging in the pharmaceutical market during the forecast period.
- The rise of chronic ailments, such as cancer and diabetes, has highlighted the necessity for advanced drug delivery technologies. Healthcare professionals are increasingly advocating for injectables, particularly in specific scenarios. Furthermore, the utilization of premium injectables has bolstered patient confidence. Consequently, the expansion of the injectable drug delivery market hinges significantly on the widespread adoption of these invasive techniques. The advocacy and expertise of trained medical personnel have further amplified the demand for ampoules.
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