The global cartridges market had a valuation of $920.8 million in 2020, and it is predicted to progress at a CAGR of 6.4% between 2021 and 2030. Furthermore, the market will reach a value of $1,691.1 million by 2030, as per the forecast of P&S Intelligence, a market research company based in India. The factors fueling the surge in the market are the expanding pharmaceutical industry and the soaring requirement for injectable pharmaceutical products.

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Apart from the aforementioned factors, the increasing incidence of chronic and acute diseases and the surging population of geriatric people are also propelling the expansion of the market across the world. Depending on material type, the cartridges market is classified into plastic and glass. Between these, the glass category held the larger share in the market between 2014 and 2020, and this trend is predicted to continue in the future years as well.

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This is credited to the better characteristics of glass that prevent its reaction with the products stored within the containers made from it for eliminating the occurrence of adverse reactions. When size is taken into consideration, the market is divided into more than 10 ml, 6 to 10 ml, 3 to 5 ml, and less than 3 ml categories. Out of these, the less than 3 ml category is predicted to lead the market in the forthcoming years.

Hence, it can be said with full confidence that the market will grow substantially in the coming years, mainly because of the increasing prevalence of chronic diseases such as diabetes and cancer and the surging population of geriatric people across the world.