India Pharmaceutical Glass Packaging Market Size & Outlook
The pharmaceutical glass packaging market in India is expected to reach a projected revenue of US$ 7,183.5 million by 2030. A compound annual growth rate of 13.1% is expected of India pharmaceutical glass packaging market from 2024 to 2030.
India pharmaceutical glass packaging market highlights
The India pharmaceutical glass packaging market generated a revenue of USD 3,047.8 million in 2023 and is expected to reach USD 7,183.5 million by 2030.
The India market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
In terms of segment, vials was the largest revenue generating product in 2023.
Ampoules is the most lucrative product segment registering the fastest growth during the forecast period.
Pharmaceutical glass packaging market data book summary
Market revenue in 2023
USD 3,047.8 million
Market revenue in 2030
USD 7,183.5 million
Growth rate
13.1% (CAGR from 2024 to 2030)
Largest segment
Vials
Fastest growing segment
Ampoules
Historical data
2018 - 2022
Base year
2023
Forecast period
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Vials, Bottles, Cartridges & syringes, Ampoules
Key market players worldwide
Amcor PLC, Becton Dickinson & Co, AptarGroup Inc, Drug Plastics and Glass Company, Gerresheimer AG ADR, Schott Pharma AG & CO KGaA, O-I Glass Inc, West Pharmaceutical Services Inc, Berry Global Group Inc, WestRock Co, SGD Pharma, International Paper Co, Comar, CCL Industries Inc Registered Shs -B- Non Vtg, Vetter Pharma-Fertigung
Other key industry trends
In terms of revenue, India accounted for 15.4% of the global pharmaceutical glass packaging market in 2023.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Asia Pacific, India pharmaceutical glass packaging market is projected to lead the regional market in terms of revenue in 2030.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,183.5 million by 2030.
Indian pharmaceutical sector accounts for about 2.4% of the global pharmaceutical industry, in terms of value, and 10.0% in terms of volume. The growth is estimated to be driven by the expanding economy, increasing per capita GDP, low cost of production, and R&D boosts.
Furthermore, the Indian government unveiled “Pharma Vision 2020” aimed at making India, a global leader in end-to-end drug development. In addition, the economy is likely to witness increase in the availability of OTC drugs on account of increasing penetration of chemists, particularly in the rural areas.
India Pharmaceutical Glass Packaging Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Pharmaceutical Glass Packaging Market Outlook will help companies and investors design strategic landscapes.
Vials was the largest segment with a revenue share of 39.7% in 2023.
Horizon Databook has segmented the India pharmaceutical glass packaging market based on vials, bottles, cartridges & syringes, ampoules covering the revenue growth of each sub-segment from 2018 to 2030.
Indian pharmaceutical sector accounts for about 2.4% of the global pharmaceutical industry, in terms of value, and 10.0% in terms of volume. The growth is estimated to be driven by the expanding economy, increasing per capita GDP, low cost of production, and R&D boosts.
Furthermore, the Indian government unveiled “Pharma Vision 2020” aimed at making India, a global leader in end-to-end drug development. In addition, the economy is likely to witness increase in the availability of OTC drugs on account of increasing penetration of chemists, particularly in the rural areas.
India Pharmaceutical Glass Packaging Market Product Outlook (Revenue, USD Million , 2021-2033)
Vials
Ampoules
Bottles
Cartridges & syringes
India Pharmaceutical Glass Packaging Market Drug Type Outlook (Revenue, USD Million , 2021-2033)
Biologic
Generic
Branded
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Horizon Databook provides a detailed overview of country-level data and insights on the India Pharmaceutical Glass Packaging Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Pharmaceutical Glass Packaging Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
India Pharmaceutical Glass Packaging Market, 2021-2033 (US$M)