Neutral Borosilicate Glass Tube Market Trends：the global market size is projected to reach USD 1.07 billion by 2030

According to the new market research report “Neutral Borosilicate Glass Tube- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Neutral Borosilicate Glass Tube market size is projected to reach USD 1.07 billion by 2030, at a CAGR of 6.6% during the forecast period.

• Global Neutral Borosilicate Glass Tube Market Size (US$ Million), 2019-2030

Source: QYResearch, "Neutral Borosilicate Glass Tube- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Neutral Borosilicate Glass Tube Top 15Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Neutral Borosilicate Glass Tube- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of Neutral Borosilicate Glass Tube include Schott, Corning Incorporated, NEG, Nipro Corp, Cang Zhou Four Stars Glass, TriumphJunheng, Zhuzhou Kibing Group, Shandong Pharmaceutical Glass, Neubor Glass, Shandong Linuo Technical Glass, etc. In 2023, the global top five players had a share approximately 86.0% in terms of revenue.

Market Drivers:

Driven by factors such as increasingly stringent policy supervision and higher requirements for drug safety, pharmaceutical glass packaging in developing countries such as China is transitioning from soda-lime glass and low-borosilicate glass to neutral borosilicate glass. It is expected that with the comprehensive advancement of supply-side structural reform, the country's policy support for the pharmaceutical industry will continue to increase. The market substitution space is huge. In addition, more and more pharmaceutical packaging companies choose to build their own neutral borosilicate glass tube production lines. In this case, companies that only produce neutral borosilicate glass tubes obviously cannot get enough customers in the market. At present, most manufacturers' neutral borosilicate glass tubes are used for the production of their own pharmaceutical packaging products.

Restraint:

The IMF predicts that the world economy will continue to grow at a rate of 3.2% in 2024 and 2025, the same growth rate as in 2023. Economic growth in advanced economies will accelerate slightly, from 1.6% in 2023 to 1.7% in 2024 and 1.8% in 2025, but will be offset by a slight slowdown in growth in emerging market and developing economies. Offsetting this, the latter’s growth is expected to fall from 4.3% in 2023 to 4.2% in 2024 and 2025. The forecast for global economic growth five years from now is 3.1%, the lowest level in decades. In addition, the global political landscape continues to be turbulent, and the Russia-Ukraine conflict has profoundly affected the future geopolitical landscape of the world. There is a profound geopolitical background and historical origin behind the Russia-Ukraine conflict. It is the result of the combined effect of multiple factors such as history and culture, ethnic conflicts, geopolitics, and the game of great powers. The situation in the Middle East continues to deteriorate, and the global political landscape is increasingly fragmented.

Opportunity:

Economists expect global inflation to decline in the coming years. In 2024, global inflation is expected to reach 4.6%, slow to 4.4% in 2025, and reach 4.0% in 2027. However, the report also believes that price pressures in many countries remain high, and further escalation of geopolitical conflicts may lead to another rise in inflation. It is expected that in about a quarter of developing countries, the annual inflation rate will exceed 10% in 2024.

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