Press release
Pharmaceutical Packaging Market Latest Innovations, Demand and Business Outlook by 2026
The Pharmaceutical Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Pharmaceutical Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Pharmaceutical Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Pharmaceutical Packaging market.The pharmaceutical packaging market was valued at USD 73.49 billion in 2020 and is expected to reach a value of USD 118.01 billion by 2026 and grow at a CAGR of 8.24%, during the forecast period (2021-2026).
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Top Leading Companies of Pharmaceutical Packaging Market are - Amcor Limited, 3M Company, Schott AG, WestRock Company, Berry Global Inc., McKesson Corporation, AptarGroup Inc., Klöckner Pentaplast Group, CCL Industries Inc., FlexiTuff International Ltd, Gerresheimer AG, West Pharmaceutical Services, Inc., Becton, Dickinson and Company, Vetter Pharma International GmbH, Catalent Inc., W. L. Gore & Associates Inc., PackMaxQ and others.
Industry News and Updates:
- Mar 2019 - West Pharmaceuticals opened New Digital Technology Center in Bengaluru, India. This Digital Technology Center will allow West Pharmaceutical team to create compelling digital experiences for their global customer base, source talent from India's fast-growing technology industry, and bring forward the latest digital advancements to create insights and value for their customers and team members for ultimately delivering better business results.
- April 2019 - SCHOTT invested BRL 50 million in its pharmaceutical tubing production in Rio de Janeiro, as part of its global growth strategy. As the demand in pharmaceutical industries increases, SCHOTT is contributing to manufacture 100% inspection of glass tubing to detect possible defects.
Key Market Trends:
Glass Packaging Hold Significant Market Share
- Glass packaging is one of the primary packaging materials used by the pharmaceutical industry, as it limits the alkalinity and hydrolytic resistance of the glass container. Within the pharmaceutical packaging market, glass bottles are expected to occupy a significant share by volume, driven by an increasing number of applications in both solid and liquid oral medications, as containers provide convenience, safety, and security.
- Glass containers offer high transparency, which allows easy inspection of its contents, and enables protection because it is relatively impermeable to air and moisture and chemical resistance to most of the medicinal products. Moreover, the demand for pharmaceutical glass and containers is majorly from densely populated economies, such as India and China. The growing pharmaceutical production in these countries is further increasing demand.
North America to Occupy Largest Share
- North America is known for its technological development and product innovations, which is motivating manufacturers to produce high-class packaging solutions for the pharmaceutical industry. Major factors driving the North American pharmaceutical packaging market's growth include the contribution of nanotechnology advancement in manufacturing processes and technological innovation, growing demand for drug delivery devices, and blister packaging to the pharmaceutical packaging market.
- The United States will continue to be the largest national pharmaceutical packaging market as its advanced drug-producing sector commercializes new sophisticated therapies with specialized packaging needs. Advances in pharmaceutical packaging in the country are focused on improving the barrier properties of the packaging material.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Pharmaceutical Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Pharmaceutical Packaging Market (%),2016 - 2026
- Pharmaceutical Packaging Market Share, By Brand
- Pharmaceutical Packaging Market Share, By Company
- Pharmaceutical Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Pharmaceutical Packaging Market Value Analysis & Forecast
- Promising Pharmaceutical Packaging Development by Major Companies
- Detailed Pharmaceutical Packaging Portfolio of the Major Companies
- Major Deals in the Pharmaceutical Packaging Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082591898/pharmaceutical-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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