Global Pharmaceutical Packaging Market is segmented by Material (Plastic (PVC, Polyethylene (HDPE), Polyester, Polypropylene, Polyethylene terephthalate (PET), Others), Glass, Paper, Others), Type (Ampules, Blister Packs, Bottles (Rigid), Canisters, Cartridges, IV Bags, Mini-jars, Pouches, Caps & Closures, Tubes, Vials, Sachets, Medical Specialty bags and Others) and Region (North America, South America, Asia Pacific, Europe and Middle East & Africa) is estimated to reach US$ XX Bn by 2027 growing at a CAGR of 7.83 % during forecast.
Growing competitiveness in new geographies, safeguarding against counterfeit products and issues in serving the emerging markets are challenges faced by pharmaceutical packaging market. Technological advancements in packaging further accelerates the market. Increasing overall packaging costs owing to dynamic regulatory measures and stringent regulations set by various governing bodies restrains the market growth. Global demand for primary pharmaceutical packaging and rapidly increasing 3pl and other services in emerging markets poses an opportunity to pharmaceutical packaging market.
Plastics & polymers are the foremost material for pharmaceutical packaging market.
Plastics & polymers are the foremost material as they are easy to handle and lightweight in nature. Plastics & polymers are majorly used for bags, bottles, cartridges, dry powder, metered dose inhalers, nebulizers and pre fillable syringes.
Asia Pacific to grow at fastest rate on account of presence of diverse drug industries.
China, India, and Japan is driving the demand for products in Asia Pacific on account of presence of diverse drug industries. Presence of a large number of conglomerates manufacturing varied medicines. Growing generics manufacturing coupled with a rise in contract packaging are projected to boost market growth over the forecast period.
This report includes a study of marketing and development strategies, along with the Form portfolios of leading companies. It includes the profiles of leading manufacturers such as Aptar Group Inc, Westrock and Catalent Pharma Solutions Inc, Anchor Packaging, Ball Corporation, 3M, Sealed Air Corporation, Baxter International Inc., Centor and Lilly (Eli) Company, Unilife Corporation, Exporta Global, Plastube Inc., Gerresheimer, Berry Plastics Corporation, Becton Dickinson and Company, MeadWestvaco Corporation, West Pharmaceuticals Services In, Owens-Illinois, RPC Group, Schott Pharmaceuticals Services Inc. and Graphic Packaging Group.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global pharmaceutical packaging market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making the informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global pharmaceutical packaging market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market of our clients and at the same time explain global pharmaceutical packaging market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Pharmaceutical Packaging Market”.
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