Latin America Pharmaceutical Glass Packaging Market Size & Outlook
The pharmaceutical glass packaging market in Latin America is expected to reach a projected revenue of US$ 3,036.2 million by 2030. A compound annual growth rate of 10.5% is expected of Latin America pharmaceutical glass packaging market from 2024 to 2030.
Latin America pharmaceutical glass packaging market highlights
The Latin America pharmaceutical glass packaging market generated a revenue of USD 1,522.8 million in 2023.
The market is expected to grow at a CAGR of 10.5% 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.
Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
Market revenue in 2023
USD 1,522.8 million
Market revenue in 2030
USD 3,036.2 million
Growth rate
10.5% (CAGR from 2024 to 2030)
Largest segment
Vials
Fastest growing segment
Ampoules
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
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, Latin America region accounted for 7.7% of the global pharmaceutical glass packaging market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
MEA is the fastest growing regional market and is projected to reach USD 1,118.4 million by 2030.
Brazil, Mexico, Venezuela and Argentina are the major pharmaceutical markets in CSA. Pharmaceutical sales in the region are likely to grow by around 5.0% and reach USD 6.90 billion by 2018. Local production in the country accounts for approximately 85.0% of the market volume.
Increasing pharmaceutical production by local players is likely to augment the demand for glass primary packaging products such as bottles, vials, ampoules, and syringes & cartridges.
Latin America 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 36.64% in 2023.
Horizon Databook has segmented the Latin America pharmaceutical glass packaging market based on vials, bottles, cartridges & syringes, ampoules covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil, Mexico, Venezuela and Argentina are the major pharmaceutical markets in CSA. Pharmaceutical sales in the region are likely to grow by around 5.0% and reach USD 6.90 billion by 2018. Local production in the country accounts for approximately 85.0% of the market volume.
Increasing pharmaceutical production by local players is likely to augment the demand for glass primary packaging products such as bottles, vials, ampoules, and syringes & cartridges.
Latin America Pharmaceutical Glass Packaging Market Product Outlook (Revenue, USD Million , 2021-2033)
Vials
Ampoules
Bottles
Cartridges & syringes
Latin America 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 continent-level data and insights on the Latin America Pharmaceutical Glass Packaging Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Pharmaceutical Glass Packaging Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Pharmaceutical Glass Packaging Market, 2021-2033 (US$M)