China Pharmaceutical Glass Packaging Market is expected to grow with a CAGR of 7.8% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.
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China pharmaceutical glass packaging market is a highly consolidated market, including many key and local players. The market has witnessed increased strategic developments owing to favourable market scenarios.
The major players dealing in China pharmaceutical glass packaging market are introducing a strong range of product portfolios. This helped companies to maximize sales with an enhanced product portfolio.
For Instance,
- In May 2020, Corning Incorporated agreed with Pfizer Inc. to supply the Valor Glass Packaging. This development helped the company to increase revenue
West Pharmaceutical Services, Inc. is the dominating player in China pharmaceutical glass packaging market. The other key players existing in the market include Corning Incorporated, Gerresheimer AG, NIPRO, FRIGOGLASS, SGD Pharma (a subsidiary of Saint-Gobain), Middle East Glass – MEG, Hindustan National Glass & Industries Limited, SCHOTT AG, Bormioli Pharma S.p.a., Shandong Province Medicinal Glass Co., Ltd., Taian Youlyy Industrial Co., Ltd., RAK Ghani Glass LLC, APG.
West Pharmaceutical Services Inc
West Pharmaceutical Services Inc. is headquartered in Pennsylvania, the U.S. The company is engaged in designing and producing technologically advanced, high-quality, integrated containment and delivery systems for injectable medicines. The company offers various product categories such as Vial Containment Solutions, Refillable Solutions, Self-Injection Platforms, Cartridge Systems and Components, Reconstitution and Transfer Systems, Intradermal Delivery, Specialty Components, and Quality Enhancements. The Vial Containment Solutions category is the market-focused segment.
The company has a wide global presence in North America, South America, Asia-Pacific, Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as West Pharmaceutical Services Australia Pty. Ltd. (Australia), Tech Group Ireland (Ireland), West Pharmaceutical Services Argentina SA (Argentina), and West Pharmaceutical Packaging India Private Ltd (India) among others.
For Instance,
- West Pharmaceutical Services, Inc. obtained the ISO 15378 Certification in North America that reaches the quality milestone. The Certification helps the company to increase the quality of the products, which enhances the revenue of the business
Corning Incorporated
Corning Incorporated was founded in 1851 and is headquartered in New York, the U.S., manufacturing a wide range of ceramics science, glass science, optical science, and many other kinds of material science. The company offers product categories such as advanced optics, corning gorilla glass, display technologies, environmental technologies, life sciences, optical communications, and pharmaceutical technologies. In which pharmaceutical technologies is the market-focused segment.
The company has a wide global presence in North America, Europe, Asia, Middle East, and Africa, Latin America, and The Caribbean. The company also generates its revenue from various subsidiary companies such as Corning Japan KK (Japan), Corning Display Technologies (China) Co Ltd (China), Corning Holding Japan LLC (Japan), Pittsburgh Corning Europe N.V. (Belgium), among others.
For Instance,
- In July 2017, Corning Incorporated agreed with Stevanato Group to supply enhanced Valor(TM) glass, the superior quality material for packaging injectable drugs and biologics. This development helped the company to increase revenue
Gerresheimer AG
Gerresheimer AG was founded in 1864 and is headquartered in Düsseldorf, Germany. The company is involved in the business which provides packaging solutions for various sectors. The company offers various products categories such as primary packaging, drug delivery systems, diagnostics / medical devices, cosmetics, and primary packaging is the market-focused category.
The company has a wide global presence in Europe, North America, Asia-Pacific, and South America. In addition to it, the company also generates its revenue from various subsidiary companies such as Kimble Italiana S.P.A. (Italy), Gerresheimer Pharmaceutical Packaging Mumbai Private Limited (India), Sensile Medical AG (Switzerland), Centor, Inc. (U.S.), among others.
For Instance,
- In November 2019, Gerresheimer AG had opened a new Glass Innovation and Technology Centre in the U.S. that develops various other industries. The business expansion helped in increasing the customer base, which generates revenue for the business.
