Pharmaceutical Glass Packaging Market Trends & Forecast Report 2026

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Pharmaceutical Glass Packaging Market
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?A study recently conducted by the strategic
consulting and market research firm, BlueWeave
Consulting, revealed that the global
pharmaceutical glass packaging market reached USD
5.77billion in 2020. The market is further
expected to reach USD 7.51 billion by 2026and is
projected to grow at a CAGR of 4.4 during
2021-2026 (forecast period). The growth of the
global pharmaceutical glass packaging market has
been positively impacted by the growing demand
for glass packaging products. Glass packaging
helps prevent any intervention of gases present
in the atmosphere besides averting the
possibility of any contamination caused due to
these gaseous substances. Additionally, it
alsohelps enhance product life. Pharmaceutical
drugs are in high owing to factors such as
exponential growth inthe global population, and
an increase in public healthcare expenditure, to
name a few.  Higher reliability recyclability
rates than plastics have contributed to its
adoption Most of the developing developed
countries are facing extreme climate change
threats. To address this growing issue, countries
are resorting to glass packaging for
pharmaceutical products. 
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As a result of this growing issue, the demand for
plastic packaging has dropped, while the demand
for glass packaging has increased. The global
pharmaceutical industry is directly affected by
the surging health expenditure. For instance,
according to the U.S. Centers for Medicare
Medicaid Services, the U.S., which is known to be
the largest consumer of pharmaceutical products,
has seen a substantial increase in its health
expenditures. It grew from 17.3 in 2012 to 17.7
in 2019. However, the growth is now witnessing
a downward trend due to the impact of COVID-19.
Also, the pharmaceutical glass packaging market
is expected to witness major demand coming from
developing countries, primarily India. The
country is exhibiting major policy changes in
order to reduce plastic wastes.    Get the Sample
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