Pharmaceutical packaging market
Pharmaceutical packaging is the packaging and packaging process for pharmaceutical preparations.
– Allied market studies
NE WIN SIVERS DRIVE, PROVINCE: – PORTLAND, USA, December 10, 2021 /EINPresswire.com/ – According to the report released by Allied Market Research, the global pharmaceutical packaging market was worth $ 88.87 billion in 2019, and is estimated to reached $ 144.23 billion by 2027, registering a 6.1% CAGR from 2020 to 2027. The report provides quantitative analysis of current market trends, estimates and market dynamics. market size from 2019 to 2027 to identify existing market opportunities.
The increase in R&D and use of innovative packaging, advanced manufacturing processes to develop green packaging solutions and increase in product innovations are driving the growth of the global pharmaceutical packaging market. Additionally, serialized drug tracing and tracking has supplemented the market growth. However, strict government regulations and volatile commodity prices are hampering the growth of the market. On the contrary, the increase in the use of smart packaging for patient engagement and identification, the development of the biotechnology sector and the increase in patient-oriented drugs such as biologics would open up opportunities. lucrative for market players in the future.
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Amcor Ltd, Aptar Group, Inc., Catalent Inc., CCL Industries Inc., Becton, Dickinson and Company, Gerresheimer AG, West Pharmaceutical Services, Inc., Nipro Corporation, Berry Global Group, Inc. and SCHOTT Pharmaceutical Packaging.
1) The Covid-19 pandemic, followed by containment, affected several manufacturing industries.
2) The prolonged containment has resulted in a disruption in the supply chain and an increase in the prices of raw materials.
3) However, as the world recovers from the pandemic, the market is expected to get back on track.
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The global pharmaceutical packaging market is segmented on the basis of product type, material, and region. By product type, the parenteral container segment would have the highest CAGR of 7.6% during the forecast period. However, the plastic bottle segment held the largest share in 2019, contributing over a fifth of the market.
By material, the plastics and polymers segment dominated the market in 2019 in terms of revenue, accounting for over a third of the market. However, the glass segment is expected to post the highest CAGR of 8.5% from 2020 to 2027.
The global pharmaceutical packaging market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The North American market held the lion’s share in 2019, contributing more than two-fifths of the market. However, the Asia-Pacific market is expected to register the highest CAGR of 7.9% during the forecast period.
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â¦The study provides an in-depth analysis of the pharmaceutical packaging market along with current trends and future estimates to elucidate impending pockets of investment.
It offers an analysis of the Pharmaceutical Packaging market from 2020 to 2027, which is expected to enable stakeholders to capitalize on the opportunities prevailing in the market.
â¦A comprehensive analysis of four regions is provided to determine existing opportunities.
â¦Profiles and growth strategies of key players are deeply analyzed to understand competitive prospects for the growth of the Global Pharmaceutical Packaging Market.
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Q1. What is the most influential growing segment in the Pharmaceutical Packaging Market report?
Q2. What are the key trends in the pharmaceutical packaging market report?
Q3. What are the% growth of stock market values ââin emerging countries?
Q4. Who are the major companies that hold the market share in the Pharmaceutical Packaging market?
Q5. What is the total market value of the Pharmaceutical Packaging Market report?
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âWe have also published some syndicated market research in the same area that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market, which will help you assess the aftermath of the pandemic on the short and long term growth trends of this market. Marlet. “
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