Press release
Pharmaceutical Packaging Market By Segmentations, Key Company Profiles & Demand Forecasts to 2021 – 2027
The price of raw materials are not fixed and varies from season to place of origin which may affect the buying potential of such items decreases. Therefore, fluctuating prices of raw materials used for the manufacturing of pharmaceutical packaging products is one of the primary factors hindering growth of the market. However, the impact of this restraint is expected to remain medium throughout the forecast period.Another important factor affecting market’s growth is the increasing sale of counterfeit medicines across the globe. Asia Pacific accounts for one of the largest share for the sale of counterfeit medicines. Regular packaging is used by the counterfeiters, which badly impacts the growth of the pharmaceutical packaging market in the region. Stringent regulatory measures by government bodies and media interference is expected to check growth of counterfeit medicines.
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Plastics are expected to lose demand in the future due to rising environmental concerns regarding plastic pollution, due to which the manufacturers are looking to adopt alternative modes of packaging that would cater to the consumers requirements and would have less impact on the environment.
Detailed Segmentation
Global Pharmaceutical Packaging Market, By Material:
Plastic and Polymers
High Density Polyethylene
Polyester
Low Density Polyethylene
Polyvinyl Chloride
Others
Aluminum Foil
Paper and Paperboard
Glass
Others
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Major players operating in the market of pharmaceutical packaging include Amcor Limited, Berry Plastics Corporation, MeadWestvaco Corporation, Becton Dickinson and Company, Owens-Illinois Inc., West Pharmaceuticals Services Inc., Schott Pharmaceuticals Services Inc., RPC Group Plc and Graphic Packaging International Inc.
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