Middle East & Africa Pharmaceutical Glass Packaging Market Size & Outlook
The pharmaceutical glass packaging market in Middle East & Africa is expected to reach a projected revenue of US$ 1,118.4 million by 2030. A compound annual growth rate of 13.7% is expected of Middle East & Africa pharmaceutical glass packaging market from 2024 to 2030.
MEA pharmaceutical glass packaging market highlights
The MEA pharmaceutical glass packaging market generated a revenue of USD 483.5 million in 2023.
The market is expected to grow at a CAGR of 13.7% from 2024 to 2030.
In terms of segment, bottles was the largest revenue generating product in 2023.
Vials is the most lucrative product segment registering the fastest growth during the forecast period.
Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
Market revenue in 2023
USD 483.5 million
Market revenue in 2030
USD 1,118.4 million
Growth rate
13.7% (CAGR from 2024 to 2030)
Largest segment
Bottles
Fastest growing segment
Vials
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, MEA region accounted for 2.4% 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.
Growing pharmaceutical industry in Turkey, Egypt, and Saudi Arabia is likely to drive the demand for pharmaceutical glass packaging in the region. The rising interest of international pharmaceutical players to setup their offices in order to capture the attractive markets in the Middle East & North Africa is further expected to have a positive impact on the market growth.
According to the Economist Intelligence Unit (EIU), the Middle East & North Africa represented a combined GDP of USD 2.50 trillion in 2016 dominated by Saudi Arabia and Turkey. The growing population is expected to generate high demand for medical services in the region, which, in turn, is likely to drive the demand for pharmaceutical glass packaging over the coming years.
Middle East & Africa 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.
Bottles was the largest segment with a revenue share of 39.13% in 2023.
Horizon Databook has segmented the Middle East & Africa pharmaceutical glass packaging market based on vials, bottles, cartridges & syringes, ampoules covering the revenue growth of each sub-segment from 2018 to 2030.
Growing pharmaceutical industry in Turkey, Egypt, and Saudi Arabia is likely to drive the demand for pharmaceutical glass packaging in the region. The rising interest of international pharmaceutical players to setup their offices in order to capture the attractive markets in the Middle East & North Africa is further expected to have a positive impact on the market growth.
According to the Economist Intelligence Unit (EIU), the Middle East & North Africa represented a combined GDP of USD 2.50 trillion in 2016 dominated by Saudi Arabia and Turkey. The growing population is expected to generate high demand for medical services in the region, which, in turn, is likely to drive the demand for pharmaceutical glass packaging over the coming years.
Middle East & Africa Pharmaceutical Glass Packaging Market Product Outlook (Revenue, USD Million , 2021-2033)
Vials
Ampoules
Bottles
Cartridges & syringes
Middle East & Africa 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 Middle East & Africa Pharmaceutical Glass Packaging Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Pharmaceutical Glass Packaging Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Middle East Africa Pharmaceutical Glass Packaging Market, 2021-2033 (US$M)