Pharmaceutical Packaging Market to be Dominated by Pharmaceutical Manufacturing Industry through 2028
Global
Pharmaceutical Packaging Market is expected to grow in the forecast period
2024-2028 due to
increasing demand from the pharmaceutical manufacturing industry.
According to TechSci Research
report, “Pharmaceutical Packaging
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028”, Global Pharmaceutical Packaging Market is anticipated
to upsurge at an impressive rate in the forecast period 2024-2028. A significant factor fueling the growth of the Global Pharmaceutical
Packaging Market due to rising demand for packaging
material from the pharmaceutical manufacturing industry. Additionally, improving
healthcare accessibility has led to an increase in the consumption of medicines
and tablets resulting in the demand for packaging which further fuels the growth
of Global Pharmaceutical Packaging Market.
For instance, Ayushman
Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) is a scheme of the National
Health Policy that aims to provide free health coverage to the poor and
helpless population.
Furthermore, the market is
being further stimulated by growing demand from contract packaging, and retail pharmacies.
However, an increase in pharmaceutical
counterfeit drugs can slowdown the market growth. Also, strict government rules
and policies can further slowdown the market growth.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "Global
Pharmaceutical Packaging Market"
Global Pharmaceutical
Packaging Market is segmented based on raw material, product type, drug
delivery mode, end-use, and region.
Based on raw material,
the market is categorized into plastics & polymers, paper & paperboard,
glass, aluminum foil, and others. The glass segment is expected to hold
the largest market share in the forecast period, 2024-2028. As it offers high
transparency, enables protection from air and moisture, and chemicals.
Based on product
type, the market is segmented into bottles, caps & closures, blister packs,
pre-fillable Inhalers, pouches & sachets, and others. The Blister packs segment is expected to hold
the largest market share in the forecast period, 2024-2028. As it is used to
minimize the plastic content along with metals like aluminum that can be recycled.
Based on drug delivery mode, the market is divided into oral drugs,
pulmonary, transdermal, injectables, topical, nasal, and others. The oral drug
segment is expected to hold the largest market share in the forecast period,
2024-2028. As the major consumption of medicines is in the form of tablets,
powders, capsules, and sachets.
Based on end use, the market is fragmented into pharma manufacturing, contract
packaging, retail pharmacy, and others. The pharma manufacturing segment is
expected to hold the largest market share in the forecast period, 2024-2028. This
is due to increased demand for biological goods and cutting-edge medicines
including cell and gene therapies.
Major companies
operating in the Global Pharmaceutical Packaging Market are:
- Amcor plc
- AptarGroup, Inc.
- Schott AG
- West Pharmaceutical Services, Inc.
- SGD S.A.
- Nipro Europe Group Companies
- Gerresheimer AG
- Berry Global Inc.
- WestRock Company
- Drug Plastics Closures Inc.
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“The
Pharmaceutical Packaging Market in North America region is expected to grow at high
rate during the forecast period due to technological innovation and
advancements in manufacturing processes. Additionally, the presence of leading
healthcare product manufacturers as well as increasing awareness regarding the
importance of labeling information among consumers creates lucrative
opportunities for the market growth. Furthermore, in Asia Pacific, rising demand
for generic medicines and increasing spending by government for healthcare
facilities create huge prospects of market growth during the forecast period,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Pharmaceutical Packaging Market- Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028 Segmented By Raw Material (Plastics &
Polymers, Paper & Paperboard, Glass, Aluminum Foil, Others), By Product
Type (Bottles, Caps & Closures, Blister Packs, Pre-fillable Inhalers,
Pouches & Sachets, Others), By Drug Delivery Mode (Oral Drugs, Pulmonary,
Transdermal, Injectables, Topical, Nasal, Others), By End Use (Pharma
Manufacturing, Contract Packaging, Retail Pharmacy, Others), By Region, and
Competition, has evaluated the future
growth potential of Global Pharmaceutical Packaging Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Pharmaceutical Packaging Market.”
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