Press release
Pharmaceutical Packaging Market is projected to reach USD 150.12 billion by 2030 : Cognitive Market Research
Pharmaceutical Packaging Market is projected to reach USD 150.12 billion by 2030 : Cognitive Market Research
- Pharmaceutical packaging provides presentation, protection, identification, information, convenience, compliance, integrity, and stability to the pharmaceutical product. There are several different types of packaging for pharmaceutical products, which are classified as primary, secondary, and tertiary. Primary drug packaging is the material that surrounds the pharmaceutical product and came in direct contact with the product, while secondary and tertiary packaging provides additional external protection.
Summary:
- The global pharmaceutical packaging market size was valued at USD 119.7 billion in 2022 and is projected to reach USD 150.12 billion in 2030, at a compound annual growth rate (CAGR) of 9.87% from 2023 to 2030. Geographically, North America is the largest contributor to the pharmaceutical packaging market.
"To know more The Pharmaceutical Packaging Market statistics click here: https://www.cognitivemarketresearch.com/pharmaceutical-packaging-market-report
Market Dynamics:
- The growing pharmaceutical industry, the increasing adoption of generic drugs in developing countries, and the technological advancement in pharmaceutical packaging are the key factors that are driving the growth of the pharmaceutical packaging market. In addition to that, the increasing geriatric population and emerging diseases leading to an increase in the demand for medicines, and thereby the demand for pharmaceutical packaging are increasing.
Further, different governments' focus on strengthening their medical facilities will create lucrative opportunities for the market in the future. However, stringent rules and regulations regarding pharmaceutical packaging can hamper the growth of the market.
Market Segmentation:
Type of Packaging:
• Primary
• Secondary
• Tertiary
Primary packaging is dominating the market, as it comes in direct contact with medicines or drugs. It generally includes plastic & glass bottles, prefilled syringes, inhalers, and blister packaging.
Material:
• Glass
• Aluminium Foil
• Paper
• Plastic
• Others
Based on the material used for packaging, the market is segmented into glass, aluminum foil, paper, plastic, and others. Glass is bifurcated into, ultra-resistant borosilicate glass, surface-treated soda lime glass, and soda lime glass. Further, plastic is further classified into PET, HDPE, and PP.
Product:
• Plastic Bottles
• Parenteral Containers
• Blister Packaging
• Ampoules
• Closures
• Boxes
• Labels
• Others
Drug Delivery:
• Oral Drugs
• Injectibles
• Topical
• Ocular/Ophthalmic
• Pulmonary
• Transdermal
• Others
The Major Players in Pharmaceutical Packaging Market are:
Becton Dickinson, Amcor, Gerresheimer, Schott, AptarGroup, Capsugel…
Get free sample pages of latest published Pharmaceutical Packaging Report:
https://www.cognitivemarketresearch.com/pharmaceutical-packaging-market-report#request_sample
News:
- Berry Global and Raw Elements USA Collaborated to Launch Sustainable Tube Made from Sugarcane (July 2021)
Berry Global and Raw Elements USA announced the collaboration to launch a sustainable tube made from sugarcane. The polyethylene tubes with two to four ounces capacity are produced in Berry's vertically integrated manufacturing facility in Evansville, IN. These tubes are produced with 83% sugarcane by weight, the maximum possible percentage to include the EVOH barrier needed to protect the ingredients, plus colorant.
Regional Analysis:
- North America is estimated to be the largest contributor in the global pharmaceutical packaging market, owing to the presence of major pharmaceutical companies such as Johnson & Johnson, Pfizer Inc., AbbVie Inc., and others. On the other hand, the APAC region is the second-largest market for pharmaceutical packaging, owing to the increased geriatric population, growth in contract manufacturing activities, and increased healthcare spending in this region.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Pharmaceutical Packaging Market
• 3.1 Global Pharmaceutical Packaging Market Size 2018 - 2030, (USD Million)
• 3.2 Global Pharmaceutical Packaging Market Statistics 2022: Snapshot
Chapter 4 Global Pharmaceutical Packaging Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Pharmaceutical Packaging Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Pharmaceutical Packaging Industry Mergers and Acquisition Analysis
• 5.2 Global Pharmaceutical Packaging New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Pharmaceutical Packaging Market by Product Segmentation Analysis (2018-2030)
Chapter 9 Global Pharmaceutical Packaging Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Pharmaceutical Packaging Market by Material Segmentation Analysis (2018-2030)
Chapter 11 Global Pharmaceutical Packaging Market by Type of Packaging Segmentation Analysis (2018-2030)
Chapter 12 Global Pharmaceutical Packaging Market by Drug Delivery Segmentation Analysis (2018-2030)
Chapter 13 Global Pharmaceutical Packaging Market Regional Analysis
Chapter 14 North America Pharmaceutical Packaging Market Outlook (2018 - 2030)
Chapter 15 Europe Pharmaceutical Packaging Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Pharmaceutical Packaging Market Outlook (2018 - 2030)
Chapter 17 Latin America Pharmaceutical Packaging Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Pharmaceutical Packaging Market Outlook (2018 - 2030)
Chapter 19 Research Findings
To know more Pharmaceutical Packaging Market TOC click here: https://www.cognitivemarketresearch.com/pharmaceutical-packaging-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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