Parenteral packaging is the method of packaging injectable or parenteral resolutions to support their therapeutic usefulness intact till the point of administration.

The parenteral packaging market was valued at USD 1146 Million in 2021, and it is expected to reach USD 24,973 Million in 2028 with a CAGR of 5.5 % during the forecast period of 2022-2028. The market is anticipated to notice significant growth during the forecast period. The growth can be attributed to advanced manufacturing processes to develop sustainable and eco-friendly parenteral packaging solutions and product innovations, increase in product innovations and merger & acquisition to support new demands. In addition, serialized tracking and & tracing of drugs, emerging generic drug market, rapidly growing drug delivery market, and increase in R&D and use of innovative packaging drive the growth of the pharmaceutical parenteral packaging market. In addition, factors such as advanced manufacturing processes to develop sustainable and eco-friendly packaging solutions, increased product innovations and merger & acquisition to support new demands. In addition, serialized tracking & tracing of drugs, emerging generic drug market, rapidly growing drug delivery market, increase in R&D activities, and use of innovative parenteral packaging drive the growth of the pharmaceutical packaging market.

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Product Type Overview in the Global Parenteral Products Packaging Market:

Based on Product type segmental analysis, the market is classified into Bags, Bottles, Ampoules, Vials, Prefilled Syringes and Cartridges. Bottles reached the largest market share amongst other types in the parenteral packaging market. The growing usage of oral drug delivery methods owing to patient adherence and convenience, increasing cases of infectious diseases, and increase in the geriatric population in created economies are responsible for the high share of the bottles segment.

Materials Overview in the Global Parenteral Products Packaging Market:

Based on the segmental material analysis, the market is classified into Glass, Polymer, PVC and Polyolefin. Glass packing has the highest share in the market. Glass containers are among the preliminary parenteral packaging materials utilized in the pharmaceutical industry. Many pharmaceutical formulations have been packaged in operating glass containers, and they are usually the superior selection of packaging materials. Glass is an inorganic material (mostly silicates) or a mixture of materials that, when heated up and then cooled, solidifies without crystallization.

Regional Overview in the Global Parenteral Products Packaging Market:

Based on the regional segmental analysis, the market is classified into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. Asia-Pacific monopolizes the parenteral packaging market. Asia-Pacific is expected to be the fastest-growing pharmaceutical packaging market in 2021. Increasing government initiatives in the emerging pharmaceutical market, advancement in contract manufacturing movements, rise in the aging population, and raised spending on healthcare are driving the market in Asia-Pacific. China, Australia, Japan, South Korea, and India are significant markets.

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Parenteral Products Packaging: Competitive Market:

The companies include Becton, Dickson and Company, Amcor, Daibochi Plastic, Charter Nex Films, Catalent Inc., Celplast Metalized Products, UDG Healthcare Plc, Prairie State Group, Gerresheimer AG, Schur Flexibles Group and other prominent players in the global parenteral packaging market.

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