South Korea Pharmaceutical Glass Packaging Market Size & Outlook
South Korea pharmaceutical glass packaging market, 2018-2030 (US$M)
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South Korea pharmaceutical glass packaging market highlights
- The South Korea pharmaceutical glass packaging market generated a revenue of USD 60.9 million in 2021 and is expected to reach USD 129.5 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.7% from 2022 to 2030.
- In terms of segment, bottles was the largest revenue generating product in 2021.
- 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 2021 | USD 60.9 million |
| Market revenue in 2030 | USD 129.5 million |
| Growth rate | 8.7% (CAGR from 2021 to 2030) |
| Largest segment | Bottles |
| Fastest growing segment | Ampoules |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 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 2021.
- 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.
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Pharmaceutical Glass Packaging Market Scope
Pharmaceutical Glass Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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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 will help companies and investors design strategic landscapes.
Bottles was the largest segment with a revenue share of 35.47% in 2021. 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.
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Target buyers of South Korea pharmaceutical glass packaging market databook
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Our clientele includes a mix of pharmaceutical glass packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea pharmaceutical glass packaging market , including forecasts for subscribers. This country databook contains high-level insights into South Korea pharmaceutical glass packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea pharmaceutical glass packaging market size, by product, 2018-2030 (US$M)
South Korea Pharmaceutical Glass Packaging Market Outlook Share, 2021 & 2030 (US$M)
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