Global Pharmaceutical Packaging Market Insights, Size and Growth Forecast To 2027
Global Pharmaceutical Packaging Market: Overview
Pharmaceutical packaging means the use of appropriate materials or containers and packaging technology to divide (fill), seal, pack, and label operations of semi-finished products or finished products of pharmaceutical preparations to provide quality assurance, identification, trademarks, and descriptions for pharmaceuticals. The pharmaceutical packaging can be understood from two aspects, such as from a static perspective, the packaging uses the relevant materials, containers, and auxiliary materials to package the pharmaceutical to play its due function. From a dynamic perspective, the packaging uses materials.
The technical methods of container and auxiliary materials are technology and operation. The role of pharmaceutical packaging in the field of circulation can be divided into two categories: inner packaging and outer packaging. Its function mainly has three aspects, namely protection function, convenient application, and product promotion.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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Global Pharmaceutical Packaging Market: Insights
The Global Pharmaceutical Packaging market was valued at USD 86.7 billion in 2019 and expected to generate USD 125.73 billion, registering a CAGR of 4.9% during the forecast period (2020-2027). The rising efforts to increase life expectancy along with increasing disposable income estimated to trigger the global pharmaceutical packaging market in the future time. Additionally, the surge in demand for medicine and related packaging in developing counties will augment the global pharmaceutical packaging market in the forthcoming years. Moreover, the rise in population across the globe, coupled with the surge in chronic diseases, will fuel the global pharmaceutical packaging market.
Additionally, the growing demand for reusable and eco-friendly packaging expected to drive the global pharmaceutical packaging market in the upcoming periods. Furthermore, the increasing income levels, along with growing awareness about the benefits of sound healthcare systems and healthier lifestyles, will enhance the global pharmaceutical packaging in the forecast period. Due to its incomparable characteristics and advantages of medicinal glass, pharmaceutical packaging widely used in various injection packaging, powder injection, biological drugs, blood products, freeze-dried agents, tablets, oral liquids, and other packaging fields.
With the improvement of the developing countries’ requirements for the safety of pharmaceutical packaging and the emergence of new drugs and new dosage forms, medicinal glass packaging companies need to improve their technical level to meet market demand. With the economic prosperity across the globe and the upsurge in consumer demand for pharmacy products anticipated to robust the global pharmaceutical packaging market in the projected periods.
The SPER market research report of the pharmaceutical packaging market includes all integrated approaches to the growth of the market along with an accurate & elaborate analysis of the complete competitive situation of this market on a global level. Besides the current analytical & statistical account, the report cloaks the trends market drivers, challenges, potential opportunities, which affect the market. This market report discusses the present situation to predicted trends & aspects of the growth of the pharmaceutical packaging market. Furthermore, it gives a dynamic overview & insights related to the market at both global as well as regional scale.
REPORT HIGHLIGHTS
- Overview of key market forces propelling and restraining market growth
- Provide demand, current & past status & also the forecasting up to 2027.
- Provide complete overview including type, raw material, product type and end-use & forecast region.
- Provide focused analysis of key manufacturer with their production volume, market share & also help to identify market competition landscape with SWOT analysis.
- Historical, current and projected market size in terms of value.
- Analyse the global & regional potential market, advantages, risk & opportunity.
- Identify significant trends and factors driving or inhibiting market growth.
- In-depth coverage of the complete market in terms of supplier, buyer, price, trend, growth & forecasting
THE REPORT COVERS ANALYSIS OF PHARMACEUTICAL PACKAGING MARKET, BY TYPE
- Plastic Bottles
- Blister Packs
- Labels & Accessories
- Caps & Closures
- Others (Pre-filled Syringes, Vials, Ampoules)
- THE REPORT COVERS ANALYSIS OF PHARMACEUTICAL PACKAGING MARKET, BY RAW MATERIAL
- Plastics & Polymers
- Paper & Paperboards
- Glass
- Metals
- Others
THE REPORT COVERS ANALYSIS OF PHARMACEUTICAL PACKAGING MARKET, BY PRODUCT TYPE
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
THE REPORT COVERS ANALYSIS OF PHARMACEUTICAL PACKAGING MARKET, BY END-USE
- Pharmaceutical Manufacturing
- Retail Pharmacy
- Contract Packaging
- Institutional Pharmacy
- Others
THE REPORT COVERS EXHAUSTIVE ANALYSIS ON
- Market Segments
- Market Dynamics
- Brands in Market
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Forecasting
- Technology
THE REPORT INCLUDES REGIONAL ANALYSIS ON
- North America (Canada, US, Mexico, & Rest of North America Available)
- Asia-Pacific (China, India, South Korea, Japan & Rest of Asia Pacific Available)
- Europe (Germany, Spain, France, United Kingdom & Rest of Europe Available)
- Central & South America (Brazil, Argentina & Rest of South America Available)
- Middle East & Africa (GCC Countries, South Africa, & Rest of MEA available)
KEY PLAYERS OF PHARMACEUTICAL PACKAGINGMARKET
- Berry Global, Inc.
- Gerresheimer AG
- Amcor plc
- Schott AG
- AptarGroup, Inc.
- West Pharmaceutical Services, Inc.
- Becton, Dickinson, and Company
- Nipro Corporation
- Catalent, Inc.
- WestRock Company
- Other Prominent Players
Note: The segmentation & companies provided are subject to change/modification as per the availability of data during the final study.
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