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Sustainable Pharmaceutical Packaging Market Overview by Rising Demands and Scope 2023 to 2032 | Amcor Limited, WestRock Company, Gerresheimer AG, Schott AG, Berry Global Inc

09-07-2023 06:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Insight Services

Sustainable Pharmaceutical Packaging Market Overview

New York, Sustainable pharmaceutical packaging is packaging that has been designed with the goal of reducing its environmental impact. This type of packaging is made from materials that are recyclable, biodegradable, reusable, or compostable. Sustainable packaging is designed to reduce the amount of waste created by pharmaceutical products and to minimize the energy used to produce the packaging. It also seeks to reduce the amount of energy used to transport the packaging and to reduce the amount of waste generated from disposing of the packaging.

Sustainable pharmaceutical packaging can take many forms, such as using lighter, more efficient packaging materials, such as paper, cardboard, and plastic. It can also include the use of reusable containers, such as glass or metal, and the use of refillable containers. The use of biodegradable materials, such as corn-based plastics, can also be used.

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Key Trends
Sustainable pharmaceutical packaging is a growing trend that is becoming increasingly important in the pharmaceutical industry. This type of packaging is designed to reduce environmental impact, while still providing safe and effective packaging for pharmaceutical products. The main trends in sustainable pharmaceutical packaging technology are the use of biodegradable and recyclable materials, lightweight and compact designs, and the development of smart packaging solutions.

Biodegradable and recyclable materials are becoming increasingly popular in pharmaceutical packaging. These materials are designed to break down or decompose naturally, making them more environmentally friendly than traditional packaging materials. Additionally, they are often made from renewable resources, such as plant-based plastics, which further reduces their impact on the environment. Additionally, many of these materials can be recycled, which helps to reduce waste and conserve resources.

Lightweight and compact designs are also becoming increasingly popular in sustainable pharmaceutical packaging. These designs help to reduce the amount of material that is used in the packaging, while still providing adequate protection for the product. Additionally, they can help to reduce the cost of shipping and storage, as they are lighter and take up less space.

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Key Drivers
Sustainable pharmaceutical packaging is an essential element of a successful healthcare system. It is an important part of the supply chain that helps ensure the safe and efficient delivery of medications to patients. Sustainable pharmaceutical packaging is defined as the design, manufacture, and distribution of packaging products and materials that reduce environmental impact, while providing effective protection, usability, and convenience.

The key drivers of sustainable pharmaceutical packaging market are:

1. Growing Need for Cost-Effective Packaging: The increasing cost of pharmaceutical products and the need to reduce costs are driving the demand for cost-effective packaging. This has encouraged pharmaceutical companies to use sustainable materials, such as paper-based packaging, which is both cost-effective and environmentally friendly.

2. Increasing Awareness of Environmental Impacts: The pharmaceutical industry has become increasingly aware of its environmental impact and is increasingly looking for ways to reduce its carbon footprint. Sustainable packaging materials and methods are being adopted to reduce the environmental impact of pharmaceutical products.

3. Government Regulations and Policies: Governments around the world are taking steps to reduce the environmental impact of pharmaceutical products. This has led to the introduction of regulations and policies that promote the use of sustainable packaging materials and methods.

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Market Segments
The sustainable pharmaceutical packaging market is segmented by material type, packing type, end-use, and region. By material type, the market is bifurcated into biodegradable packaging, compostable packaging, and recyclable. By packing type, the market is divided into primary packaging, secondary packaging, and tertiary packaging. By end-use, the market is divided into pharmaceutical, Biopharmaceutical, and nutraceuticals. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.

Key Players
The global sustainable pharmaceutical packaging Market report includes players such as Amcor Limited - Australia, WestRock Company - United States, Gerresheimer AG - Germany, Schott AG - Germany, Berry Global Inc. - United States, AptarGroup, Inc. - United States, Constantia Flexibles Group GmbH - Austria, Sonoco Products Company - United States, DS Smith Plc - United Kingdom, and Huhtamaki Oyj - Finland

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• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology

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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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