In terms of end-use industries, the healthcare sector held a sizeable revenue market share in the worldwide glass mould market in 2018. This is due to the healthcare industry's rapid growth. Therefore, during the anticipated period, the glass mould market is anticipated to benefit from the healthcare sector's significant rise. For instance, medical tourism in India increased by 22-25% between 2017 and 2018, growing from US$ 3 billion to US$ 6 billion, according to the India Brand Equity Foundation. Syringes, vials, cartridges, ampoules, and many more medical supplies are produced using glass moulds. As a result, throughout the course of the forecast period, increased use of glass moulds in the healthcare industry is anticipated to fuel market growth.
The global Glass Mold Market was valued at US$ 802.5 million in 2018, and is expected to register a CAGR of 3.0% in terms of revenue over the forecast period (2019 – 2027), to reach US$ 1,042.0 million by 2027.
Prominent Players in the Glass Mold Industry:
1. Omco International N.V.
Founded in 1964 OMCO serves the glass container world in supplying the highest quality moulds at competitive prices in line with the customer requirements. It has headquarters situated in Aalter, Belgium.
2. Changshu Weiheng Mould Manufacture Co. Ltd.
Founded in 1993, company specializes in glass moulds for container and glassware including the mould casting, designing and manufacturing. It has headquarters situated in Changshu city, China.
3. Changshu Jianhua Mould Technology Co. Ltd.
Changshu Jianhua Mould Technology Co., Ltd. was founded in 1976 and has 46 years of experience in Mould production. It has headquarters situated in Jiangsu province, China.
4. Rayotek Scientific Inc.
Rayotek Scientific Inc. was founded in 1992 and is one of the leading moulds and moulded products. It has headquarters situated in San Diago, CA. In July, 2017 Rayotek Scientific, Inc. Signs Distribution Agreement with King’s Energy Services Ltd.