The Infinium Global Research analyzes the Pharmaceutical Packaging Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global pharmaceutical packaging market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of pharmaceutical packaging. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the pharmaceutical packaging market during the period. 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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The pharmaceutical packaging market is highly fragmented with several global as well as local players competing with each other for their position in the market. The key players in the market including Amcor plc, 3M Company, Becton, Dickinson and Company, CCL Industries Inc., Constantia Flexibles Group, Gerresheimer AG, West Pharmaceutical Service, Inc., and others are focusing on product innovation and acquisition to maintain the competitiveness. Recently in march 2019, West Pharmaceutical opened a new digital technology center in Bengaluru, India to deliver better business operations.
Growing Pharmaceutical Industry is Majorly Driving the Pharmaceutical Packaging Market
The growing pharmaceutical industry is majorly driving the pharmaceutical packaging market. Moreover, the stringent government regulations for pharmaceutical packaging are expanding the growth of the pharmaceutical packaging market. Furthermore, the increasing technological advances in packaging are supporting the demand for the packaging of pharmaceuticals. 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 is expected to offer lucrative opportunities for the key players in the pharmaceutical packaging market.
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Main Segments of the Pharmaceutical Packaging Industry
The pharmaceutical packaging market is segmented based on type and material. The types of pharmaceutical packaging are classified into bottles, blister packaging, pre-fillable syringes, vials & ampoules, labels & accessories, caps & closures, jars & canisters, and other types. The bottles segment held the largest market share among the type owing to the increasing use of the prescription dose packaging of oral drugs and large-scale packaging of oral over-the-counter medicines. The material for the pharmaceutical packaging is categorized into plastics & resins, paper & paperboard, glass, metal foils, and other materials. The plastics & resins segment among the materials dominated the market owing to its better physical properties and application in various types of packaging.
North America Held the Highest Market Share, Dominating the Global Pharmaceutical Packaging Market
Regionally, North America held the highest market share, dominating the global pharmaceutical packaging market. The dominance of the North America market attributed to the growing export of 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.
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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.