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The pharmaceutical glass packaging market size is forecast to increase by USD 7.74 billion at a CAGR of 7.44% between 2023 and 2028. The market is experiencing significant growth due to the increase in Research and Development (R&D) spending in the pharmaceutical industry and the rising demand for high-quality packaging to ensure the shelf life of medicines. The use of advanced glass packaging solutions, such as Corning Velocity Vials, is gaining popularity in healthcare facilities due to their ability to reduce atmospheric gases and maintain the potency of medicines.
Additionally, the shift towards single-dose vials and prefilled syringes is driving market growth. However, the risk of counterfeiting in pharmaceutical glass packaging remains a major challenge, necessitating the development of advanced security features and regulatory compliance. Overall, the market is expected to witness strong growth in the coming years, driven by these trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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