The latest market analysis report published by Reports and Data, titled ‘Global Pharmaceutical Packaging Market – Forecast to 2028,’ thoroughly examines the Pharmaceutical Packaging industry to provide essential data & information for the targeted readers.
The latest market analysis report published by Reports and Data, titled ‘Global Pharmaceutical Packaging Market – Forecast to 2028,’ thoroughly examines the Pharmaceutical Packaging industry to provide essential data & information for the targeted readers. The report consists of quantitative and qualitative research on the market performed by our market experts. The Pharmaceutical Packaging industry report emphasizes the current and upcoming market revenue growth opportunities and trends. Moreover, the report offers key information on the industry statistics, as well as a wide range of dynamic factors including drivers, restraints, risks, challenges, threats, supply & demand ratios, production & manufacturing capacities, sales & distribution networks, cost & demand volatility, import/export ratios, profit margins, and macro-economic and micro-economic factors. The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview. Our market experts have determined the current financial positions of the leading industry players in the report leveraging advanced analytical tools such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.
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The global pharmaceutical packaging market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Growing penetration of retail pharmacies in developing nations, as well as a growing focus on brand development and product differentiation by pharmaceutical manufacturers, are key factors driving market revenue growth. Pharmaceutical packaging is in high demand as healthcare costs rise and consumers become more conscious of need to live a healthier lifestyle.
A pharmaceutical product’s packaging is an essential component. Packaging is frequently used in the dispensing, dosing, and administration of pharmaceutical products. Proper use communication and warning labels are also regulated. Primary, secondary, and tertiary packaging are the three types of packaging available for pharmaceutical products. The material that surrounds the pharmaceutical product is known as primary drug packaging, while secondary and tertiary packaging give extra external protection. One of the most important roles of packaging is to protect products from harmful impacts of external contaminants present in air. Because many formulations become unstable when exposed to air, moisture, or light, these variables must be avoided in order for medicines to stay effective and safe.
Market Overview:
The global Pharmaceutical Packaging market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Pharmaceutical Packaging market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
- Amcor plc
- Becton, Dickinson, and Company
- AptarGroup, Inc.
- Drug Plastics Group
- Gerresheimer AG
- Schott AG
- Owens Illinois, Inc.
- West Pharmaceutical Services, Inc.
- Berry Global, Inc.
- WestRock Company
- SGD Pharma
- International Paper
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Pharmaceutical Packaging Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Plastic Bottles
- Blisters
- Caps & Closures
- Labels & Accessories
- Pre-Filled Syringes
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Pharma Manufacturing
- Contract Packaging
- Retail Packaging
- Institutional Packaging
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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