Global Pharmaceutical Packaging Market : Key Players, Growth, Analysis 2019 to 2025
Pharmaceutical Packaging Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of pharmaceutical packaging market by by type (bottles, blister packaging, pre-fillable syringes, vials & ampules, labels & accessories, caps & closures, jars & canisters), material (plastics & resins, paper & paperboard, glass, metal foils) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the pharmaceutical packaging market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global pharmaceutical packaging market are Amcor plc, 3M Company, Becton, Dickinson and Company, CCL Industries Inc., Constantia Flexibles Group, Gerresheimer AG, West Pharmaceutical Service, Inc., Schott AG, AptarGroup, Inc., WestRock Company, and other companies. The global pharmaceutical packaging market is projected to grow at a CAGR of 6.21% over the forecast period of 2019-2025.
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Growing Pharmaceutical Industry is Majorly Driving the Pharmaceutical Packaging Market
The growing pharmaceutical industry is majorly driving the pharmaceutical packaging market. The growing geriatric population and increasing prevalence of chronic ailments are propelling the pharmaceutical industry, which in turn boost the pharmaceutical packaging market. Moreover, the stringent government regulations for pharmaceutical packaging are expanding the growth of the pharmaceutical packaging market. The packaging for pharmaceuticals is regulated by the FDA to maintain the quality of products. The standards set by the regulatory bodies help the manufacturers to produce the packaging in compliance with norms.
Furthermore, the increasing technological advances in packaging are supporting the demand for the packaging of pharmaceuticals. The innovative products are been developed using advanced technologies, which enhances their physical properties. This helps in boosting the demand for pharmaceutical packaging. However, the fluctuation in the prices of raw materials is the major restraining factor for the growth of the pharmaceutical packaging market. Nevertheless, the integration of nanotechnology in packaging and development of sustainable packaging is expected to offer lucrative opportunities for the key players in the pharmaceutical packaging market.
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North America Generated the Highest Revenue for Pharmaceutical Packaging, Dominating the Global Market
Region-wise, North America generated the highest revenue for pharmaceutical packaging, dominating the global market. The largest market share of the North American market attributed to the growing export of the US pharmaceuticals, a rise in the adoption of advanced packaging technologies and increasing demand for drug delivery devices and blister packaging. Moreover, the presence of major market players in the region is anticipated to boost the North American pharmaceutical packaging market.
Pharmaceutical Packaging Market: Segmentation
The report on the global pharmaceutical packaging market covers segments such as type, and material. On the basis of type, the sub-markets include bottles, blister packaging, pre-fillable syringes, vials & ampules, labels & accessories, caps & closures, jars & canisters, and other types. On the basis of material, the sub-markets include plastics & resins, paper & paperboard, glass, metal foils, and other materials.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the pharmaceutical packaging.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.