Press release
Sales Forecast of Pharmaceutical Packaging Market , Analysis, and Forecast Report till 2029
Global demand for pharmaceutical packaging to grow at 7.5% CAGR during the forecast period. The pharmaceutical packaging industry analysis shows that the market is set to touch 87 Bn in 2021, growing from 5.1% CAGR between 2016 and 2020.Sensing the opportunities, pharmaceutical packaging manufacturers are relying on new product development and strategic mergers. As per Fact.MR analysis, top 5 players account for nearly 60% share.
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For instance, in April 2021, Amcor announced the launch of their new recyclable healthcare packaging which is also the world’s first recyclable Polyethylene based thermoform blister packaging.
Global Pharmaceutical Packaging Market: In-Depth Assessment on Key Segments
The global pharmaceutical packaging market is segmented on the basis of material, product type, application and region.
Material
Plastics & Polymers
Polypropylene (PP)
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Others
Paper & Paperboard
Glass
Aluminum Foil
Others
Product Type
Primary Pharmaceutical Packaging
Plastic Bottles
Caps & Closures
Parenteral Containers
Blister Packs
Prefillable Inhalers
Pouches
Medication Tubes
Others
Secondary Pharmaceutical Packaging
Prescription Containers
Pharmaceutical Packaging Accessories
Tertiary Pharmaceutical Packaging
Application
Pharmaceutical Manufacturing
Retail Pharmacy
Contract Packaging
Institutional Pharmacy
Others
Region
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared.
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Some Notable Offerings by Fact.MR Report on Pharmaceutical Packaging market:
• Fact.MR will provide you an analysis of the extent to which this Pharmaceutical Packaging market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.
Key Takeaways of Pharmaceuticals Packaging Market Study
Plastics & Polymers will grow 2X during the forecast on the back of increasing adoption of sub-segments such as polypropylene in sustainable packaging practices.
Primary pharmaceutical packaging is going to grow two-folds between 2019 and 2029. Development of new drugs such as Apelisib (Piqray, Selinexor (Xpovio) will further generate demand for primary packaging.
Contract packaging will show 2.4X growth through the end of forecast. This is attributable to prevalence of strategic partnership between pharmaceutical companies and packaging manufacturers.
North American pharmaceutical packaging market exhibits 1.8X growth during the forecast period. Growing geriatric population, coupled with health conscious millennials opting for preventive care, positions this region as a majority shareholder of the total market value.
Some of the Pharmaceutical Packaging Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
• Details regarding latest innovations and development in Pharmaceutical Packaging and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of Pharmaceutical Packaging Market .
• Insights about adoption of new technologies and its influence on the Pharmaceutical Packaging market Size.
• Overview of the impact of COVID-19 on Pharmaceutical Packaging Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of Pharmaceutical Packaging Market during the forecast period.
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After reading the Market insights of Pharmaceutical Packaging Report, readers can:
• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Pharmaceutical Packaging market revenue.
• Study the growth outlook of Pharmaceutical Packaging market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Pharmaceutical Packaging market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Pharmaceutical Packaging Market Players.
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How Fact.MR Assists in Making Strategic Moves For Pharmaceutical Packaging Market Manufacturer?
• The data provided in the Pharmaceutical Packaging market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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