The current trends in this year’s glass bottle packaging means more than storing your pharmaceutical product in attractive glass bottles. How you do your glass bottles packaging can result in increased sales and success as well as safety for your customers. In other words, your glass bottles used in pharmaceutical packaging have to be not only successful for you, but where your packaging is concerned, there has to be factors involved such as rapid packaging, product quality, and its protection. In addition, product integrity must be maintained during its storage, shipment, and delivery.
It is important to know the current glass bottle packaging trends. This provides you with a number of ideas that will enable you to reach your target markets. You want to be able to reach those who are enthusiastic about your pharmaceutical products and keep those products in good condition once they have reached store and pharmacy shelves.
The benefits of glass used in the pharmaceutical industry
If your pharmaceutical products are going to be housed in glass bottles, there are several advantages to be aware of when you plan to use glass. They include:
- Glass is chemically inert.
- It is rigid and strong.
- It passes Food and Drug Administrative (FDA) clearance.
- It is non-toxic.
- It is reusable.
- It is non-leeching.
- It is chemically stable, so chemicals do not leech into the glass.
These benefits enable the growth of the global pharmaceutical market were examined over the next five years from 2014 to 2019.
The glass bottle trends
The glass bottles’ trends have undergone numerous studies in recent years, resulting in demand and forecasts. Among the forecasts have taken place from 2012 to 2019, observing packaging such as glass bottles and jars, vials, and secondary containers, to name a few.
The demand of the pharmaceutical glass bottle market has been analyzed. Major studies of the market took place from 2012 to 2019. During this time, both the volume — kilo tons — and revenue in USD millions were measured
The glass bottle packaging market has undergone a number of regional shifts and technological changes. As a result, the pharmaceutical industry must continue to be innovative and flexible. While growth is taking place in already developed areas like the U.S. and Canada, other worldwide countries such as Turkey, Vietnam, Columbia, Egypt, and others are demonstrating high growth, due to their newly increasing amounts of disposable income. Because of this, larger amounts of customer spending is being realized.
Other reasons for the increasing amounts of consumer glass bottle sales is due to customers’ personal buying habits and the bottle designs. As a result of these various factors, the international glass bottle market was worth around USD $34.8 billion in 2012.
In other studies, these have reported that the global market for glass packaging had been valuated of USD $47.43 billion. This is expected to increase to USD $59.94 billion by 2019. Its CAGR was calculated at 3.4 percent from the years 2013 to 2019. The global demand as volume, was 45.71 million tons in 2012. Its CAGR is anticipated to grow at a 3.1 percent from 2013 to 2019.
The glass bottles market will continue its strong rate of growth within the pharmaceutical industry as well as in stores and pharmacies. The worldwide value has gone from USD $58.3 billion in 2011 and is expected to reach USD $71.3 billion by 2016. The annual growth rate is forecast to be more than four percent.
Moving on to 2013, the international glass market reached 47,001.5 kilo tons. The number is expected to grow to 60,846.5 kilo tons by 2020. This will be a CAGR increase of 3.6 percent from 2014 to 2020. When the market revenue was calculated at USD $48,966 million in 2013, it will then increase to increase to $64,799 by 2020. This results in a CAGR growth rate of 4 percent from 2014 to 2020.
Throughout the world, pharmaceutical packaging is one market that is expected to grow to USD $78.79 billion by 2018.
Despite these positive numbers in the pharmaceutical companies who are using glass bottles, plastic is entering the pharmaceutical market during the aforementioned forecast period. This should be watched closely in the upcoming years.
Choosing the right glass bottles for your products can be difficult and vital to your branding. MJS Packaging offers the best customer service and lowest prices for your product packaging. We have exclusive access to manufacturers from all around the world, so we can advise you on the best bottles, tubes, closures, caps, and other packaging needs you require.
