Global Pharmaceutical Packaging Market 2021 is expected to register a CAGR of 8.21%, during forecast period with Impact of Covid 19 Analysis

Pharmaceutical

Global “Pharmaceutical Packaging Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Pharmaceutical Packaging in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Pharmaceutical Packaging Market report categorizes the market based on manufacturers, regions, type, and application. Pharmaceutical Packaging Market reports offer a detailed assessment of the Pharmaceutical Packaging including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Pharmaceutical Packaging market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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The global pharmaceutical packaging market was valued at USD 62.754 billion in 2017 and is projected to reach a value of USD 100.76 billion by 2023, at a CAGR of 8.21% over the forecast period, 2018-2023.

Pharmaceutical packaging prevents complex pharmaceuticals from being contaminated by external toxins and microbial activities, to ensure safety, and simultaneously extending the shelf life of the products. Drug manufacturers are bound by international compliance jurisdictions enforced by regulatory authorities, which maintain that packaging is a crucial element in the process of drug delivery up until the final point of purchase. Several raw materials, such as glass, plastic resins, paper & paperboard, and aluminum, find application in the production of pharmaceutical packaging, in the form of bottles, containers, blister packs, caps, closures, syringes, and tubes.

Nanotechnology is Expected to Have a Profound Impact on the Packaging Market

Nanotechnology has created a significant impact on the drug delivery industry with its ability to control molecules and supramolecular structures in the process of developing medical devices with automatic functions. Conventional nanoparticles, polymeric micelles, and liposomes are called nanovehicles and are used in an array of medication. The advent of new drug delivery systems and development of new biochemical compounds have not only resulted in a need for enhanced protection against factors, such as moisture, light, oxygen, and mechanical forces but also for packaging forms to play a more integral role in the drug delivery process.

Plastics are the Most Pre-dominantly Used Raw Material in Pharmaceutical Packaging

Plastic has exceptional barrier properties, is chemically inert, and can be used to create attractive packages with aesthetic appeal that helps in the marketing and promotion of the drug. Though environmental concerns are growing, and more countries are formulating strict regulations for the use of plastic for packaging, the advent of effective recycling procedures is enabling the material to stay relevant in the market. Concerns about its chemical properties are challenging the growth of plastic as a primary packaging material. Plastic bottles will continue to have the highest market share among primary pharmaceutical containers, reflecting its heavy use in bulk and prescription dose packaging of oral ethical drugs and the packaging of solid dose oral and over-the-counter medicines in large quantities.

North America Occupied Major Market Share

The pharmaceutical packaging market in the United States is a major contributor to the nation’s overall economy. Advances in pharmaceutical packaging in the country are focused on improving the barrier properties of the packaging material. There is a need for constant innovation in the US market, as stringent regulations by agencies, such as the FDA, require manufacturers to comply with stringent regulations while packaging drugs in the region. The United States accounts for a majority of the market demand in the region, while Canada comes second to the highly dynamic market scenario.

The market players include – AMCOR GROUP, CCL INDUSTRIES, REXAM PLC, GERRESHEIMER AG, APTAR GROUP, INC., BECTON DICKINSON & COMPANY, SCHOTT AG, WEST PHARMACEUTICAL SERVICES, INC., INTRAPAC GROUP, MEADWESTVACO CORPORATION, KLOCKNER PENTAPLAST, CAPSUGEL INC., WIHURI GROUP, NYPRO GROUP, and SONOCO PRODUCTS COMPANY, amongst others.

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The global Pharmaceutical Packaging market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Pharmaceutical Packaging Market Report covers the Top Key-players in 2021:-

  • Amcor Group
  • CCL Industries
  • Rexam PLC
  • Gerresheimer AG
  • Aptar Group
  • Inc.
  • Becton Dickinson & Company
  • Schott AG
  • West Pharmaceutical Services
  • Inc.
  • Intrapac Group
  • Meadwestvaco Corporation
  • Klockner Pentaplast
  • Capsugel Inc.
  • Wihuri Group
  • Nypro Group
  • Sonoco Products Company

Highlighted points of Pharmaceutical Packaging Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Pharmaceutical Packaging Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Pharmaceutical Packaging? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Pharmaceutical Packaging Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Pharmaceutical Packaging Market? What Was Capacity, Production Value, Cost and PROFIT of Pharmaceutical Packaging Market?
  • What Is Current Market Status of Pharmaceutical Packaging Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Pharmaceutical Packaging Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Pharmaceutical Packaging Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Pharmaceutical Packaging Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Pharmaceutical Packaging Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Pharmaceutical Packaging Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Pharmaceutical Packaging Industry?

Key Developments in the Pharmaceutical Packaging Market:

  • July 2017 – Corning Incorporated and Gerresheimer have collaborated to provide corning valor glass to the pharmaceutical industry. Valor glass provides better protection for drug products.

    Reasons to Purchase this Report

  • Impact of integration of protective technologies and the evolution of nanotechnology on the pharmaceutical packaging market.
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis.
  • Growth of various types of packaging, such as blister packs, pouches, tubes, and syringes.
  • Regional analysis of the market.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst supports, along with the Market Estimate sheet (in Excel).

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    Finally, the report Global Pharmaceutical Packaging Market 2021 describes the Pharmaceutical Packaging industry expansion game plan, the Pharmaceutical Packaging industry knowledge supply, appendix, analysis findings, and the conclusion.

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