Global Pharmaceutical Packaging Market to Reach $148.26 billion by 2027 | CAGR: 8.3%

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Pharmaceutical Packaging Market Growth Trends

The Pharmaceutical Packaging Market size is anticipated to reach USD 148.26 billion by 2027, growing at a CAGR of 8.3% over the forecast period as per the new research report published by Confianza Market Research & Consultancy. Pharmaceutical Packaging is the process of packaging the Pharmaceutical products by using drug compatible material to provide protection and ensure the veracity of the packed drugs. Pharmaceutical Packaging plays an important role during the storage and transfer of the product. Based on the type of drug packaging products have been choosing.

Pharmaceutical drugs need to be protected from hazardous things including mechanical, chemical, biological, and climate. Various raw materials have been used during Pharmaceutical Packaging such as glass, metal, plastic, and paperboard, etc. Pharmaceutical Packaging is done in two types one is primary packaging and secondary packaging. Primary packaging includes plastic, glass, polymers, aluminium foil, and others. Secondary packaging includes temperature control packaging and paperboard boxes.

The growth of the pharmaceutical industry has been increasing in emerging economies such as India, China due to its rising population, and rise in the disposable income can fuel the growth of the Pharmaceutical Packaging Market. Also, the increasing focus of Pharmaceutical Packaging manufacturers on disposable and biodegradable material can also help in the growth of the Pharmaceutical Packaging industry. Another factor to have a positive impact on the growth of the Pharmaceutical Packaging Market is a growing demand for convenient packaging types such as auto-injectors and prefilled syringes.

Nanotechnology also has a great impact on the Pharmaceutical Packaging industry as it aids in innovative and new generation packaging to the market. In 2019 U.S market has the largest market share in Pharmaceutical Packaging Market as the presence of major pharma manufactures can have a positive influence in growth. Asia Pacific region is estimated as the fastest growing market in Pharmaceutical Packaging. An increase in population, increasing government initiative, and an increase in the spending on healthcare can boost Pharmaceutical Packaging Market in the APAC region. However, pandemic COVID 19 has a negative impact on the Pharmaceutical Packaging Market. As the distribution of the supply chain has stopped and the result of this many of the Pharmaceutical Packaging industries shut down globally.

Pharmaceutical Packaging Market Segmentation

  • Global Pharmaceutical Packaging Material Overview (Revenue, USD Million, 2017 – 2027)
    • Plastics & Polymers
        • Polypropylene (PP)
        • Polyethylene (PE)
        • Polyethylene Terephthalate (PET)
        • Polyvinyl Chloride (PVC)
        • Polystyrene (PS)
      • Others
      • Paper & Paperboard
      • Glass
      • Aluminum Foil
      • Others
  • Global Pharmaceutical Packaging Product Overview (Revenue, USD Million, 2016 – 2027)
    • Primary Pharmaceutical Packaging
      • Plastic Bottles
      • Caps & Closures
      • Parenteral Containers
      • Blister Packs
      • Prefillable Inhalers
      • Pouches
      • Medication Tubes
      • Others
    • Secondary Pharmaceutical Packaging
      • Prescription Containers
      • Pharmaceutical Packaging Accessories
      • Tertiary Pharmaceutical Packaging
  • Global Pharmaceutical Packaging End-Use Overview (Revenue, USD Million, 2016 – 2027)
    • Pharmaceutical Manufacturing
    • Retail Pharmacy
    • Contract Packaging
    • Institutional Pharmacy
    • Others
  • Global Pharmaceutical Packaging Regional Overview (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Turkey
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
    • Middle East and Africa
      • Egypt

Global Pharmaceutical Packaging Market to Reach $148.26 billion by 2027 | CAGR: 8.3%

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