Glass Medicine Bottles Market: An Overview
Medicines have always been preferred to be packed in sterile glass bottles because they are unreactive to the elements inside them. This makes sure that the formulation stays in its original chemical formulation and doesn’t ruin due to reaction or change in temperature inside glass bottles. Medicine glass bottles are extensively used as dropper or spray bottles. The growth of pharmaceutical and health care industry is expected to boost glass medicine bottles during the forecast period.
Medicine glass bottles are made of borosilicate glass which is different from normal glass. Borosilicate glass is made from silicon dioxide, which is found in sand. Boron oxide and other compounds are also added to borosilicate glass to make it more stable and unreactive. Borosilicate glass is resistant to any external elements and temperature which makes it an ideal substance for storing sensitive compounds like medicines. Medicines usually degrade in the presence of oxygen and hence need good closure properties, for which they require serum stoppers of the same bottle mouth dimensions. Features like high-barriers, tamper-evident and multi-layered glass are expected to uplift the glass medicine bottles market.
Glass Medicine Bottles Market: Dynamics
Glass medicine bottles are highly chemically inert and they could retain their chemical properties and shape, even at a temperature as high as 500° Celsius and as low as 0° Celsius. Most pharmaceutical companies are developing medicines to curb COVID-19 and it requires high quantities of glass bottles for storage of the inoculation which will lead to an increase in demand for medicine glass bottles in the market.
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The market is on an upswing as many government bodies are also contributing towards the manufacturing of medicine glass bottles during pandemic situations. Several pharmaceutical companies have already placed huge orders for medicine glass bottles, as they are discovering the antibody medicinal formula for COVID-19 after many successful clinical trials. The medicine glass bottles market holds a lucrative opportunity for new players to enter the arcade. The market competitiveness and capital intensiveness are projected to be enormous in the coming years. It is anticipated to attract huge investments from different countries.
However, there are many stringent laws and regulations with medicine glass bottles’ regarding the quality of glass used for the bottle, its dimensions and bottle cap or stoppers makings. Medicine glass bottles also require labelling and tagging to keep them updated and categorized which is also an extensive process that could dawdle the market for glass medicine bottles.
Glass Medicine Bottles Market: Segmentation
Glass medicine bottles are segmented on the basis of glass, bottle and region.
On the basis of glass, glass medicine bottles are segmented as:
- Type I glass (Borosilicate glass / Neutral glass)
- Type II glass (soda-lime-silica glass/ treated soda-lime glass/ De alkalized soda lime glass)
- Type III glass (Regular soda lime glass)
- Type IV glass (Type NP glass/General-purpose soda lime glass)
On the basis of bottle, glass medicine bottles are segmented as:
- Solid bottles
- Dropper bottles
- Nasal Spray bottles
- Liquid bottles
- Others (oral care)
Glass Medicine Bottles Market: Key Players
Few of the players in glass medicine bottles market are:
- Corning Incorporated
- Owens-Illinois, Inc.
- Gerresheimer AG
- Nipro Corporation
- Stölzle-Oberglas GmbH
- Bormioli Pharma S.r.l
- West Pharmaceutical Services, Inc.
- Schott AG
- Shandong Medicinal Glass Co., Ltd.
- Ardagh Group S.A.
- Arab Pharmaceutical Glass Co.
- Piramal Enterprises Ltd.
- and others
The report glass medicine bottles market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
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The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on the plastic and paper packaging market segments and geographies.
Reports Highlights:
- A detailed overview of the parent market
- Changing glass medicine bottles market dynamics in the industry
- In-depth glass medicine bottles market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the glass medicine bottles market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
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