Press release
Pharmaceutical Packaging Market 2022 Study Reveals, Size, Share, Growth Factors, And Forecast By 2027
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Global Pharmaceutical Packaging Market size will grow from US$ 116.6 billion in 2021 to US$ 267.4 billion by 2027, registering a tremendous compound annual growth rate (CAGR) of 14.8% during the forecast period 2022 to 2027.
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Regional Analysis:
As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.
The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.
COVID-19 Impact:
Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.
Major Key Players in Pharmaceutical Packaging Market are:
Amcor
AptarGroup Inc.
Becton
Dickinson and Company
Berry Global Inc.
Catalent (US)
CCL Industries Inc.
Comar LLC
Drug Plastics Group
Gerresheimer AG
International Paper
Owens Illinois Inc.
Schott AG
SGD Pharma
Vetter Pharma International
West Pharmaceutical Services Inc.
WestRock Company
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Pharmaceutical Packaging Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Packaging Type
Primary
Secondary
Tertiary
By Product
Cardboard
Boxes
Cartons
Display Unit
Paper
Label
Leaflet
Glass
Ampoules
Bottles
Vials
Syringes
Cartridges
Plastic
Closure
Bottles
Bags
Tubes
Injection Trays
Laminates with paper or foil
Metal
Collapsible tubes
Rigid cans
Foils
Pressurized containers
Rubber
By Application
Oral Drugs
Injectable
Topical
Ocular/ Ophthalmic
Nasal
Sublingual
Pulmonary
Transdermal
IV Drugs
Others
By Prescription Type
Prescription
Branded drugs
Generic drugs
OTC
Branded drugs
Generic drugs
By End-Use
Pharma Manufacturing
Contract Packaging
Retail Pharmacy
Institutional Pharmacy
By Region
North America
The U.S.
Canada
Mexico
Europe
The U.K.
Germany
France
Spain
Italy
Russia
Poland
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Argentina
Brazil
Rest of South America
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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