South Korea Pharmaceutical Glass Packaging Market Size & Outlook
The pharmaceutical glass packaging market in South Korea is expected to reach a projected revenue of US$ 129.5 million by 2030. A compound annual growth rate of 9.1% is expected of South Korea pharmaceutical glass packaging market from 2024 to 2030.
South Korea pharmaceutical glass packaging market highlights
The South Korea pharmaceutical glass packaging market generated a revenue of USD 70.7 million in 2023 and is expected to reach USD 129.5 million by 2030.
The South Korea market is expected to grow at a CAGR of 9.1% 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 70.7 million
Market revenue in 2030
USD 129.5 million
Growth rate
9.1% (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, South Korea accounted for 0.4% 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.
The generics market in South Korea is estimated to record an impressive growth in the forthcoming years due to the presence of government initiatives such as the Korean Small Business Innovation Research programme and lifting the ban on advertisements for medical services.
Additionally, the Free Trade Agreement with the U.S., which began in March 2012, has helped in attracting investments in the South Korean pharmaceutical industry from multinational companies.
South Korea 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 38.19% in 2023.
Horizon Databook has segmented the South Korea pharmaceutical glass packaging market based on vials, bottles, cartridges & syringes, ampoules covering the revenue growth of each sub-segment from 2018 to 2030.
The generics market in South Korea is estimated to record an impressive growth in the forthcoming years due to the presence of government initiatives such as the Korean Small Business Innovation Research programme and lifting the ban on advertisements for medical services.
Additionally, the Free Trade Agreement with the U.S., which began in March 2012, has helped in attracting investments in the South Korean pharmaceutical industry from multinational companies.
South Korea Pharmaceutical Glass Packaging Market Product Outlook (Revenue, USD Million , 2021-2033)
Vials
Ampoules
Bottles
Cartridges & syringes
South Korea 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 South Korea Pharmaceutical Glass Packaging Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Pharmaceutical Glass Packaging Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
South Korea Pharmaceutical Glass Packaging Market, 2021-2033 (US$M)