Pharmaceutical Plastic Packaging Market | Business Growth, Development Factors, Current and Future Trends till 2030 | Huhtamaki India Ltd. Klockner Pentaplast Group Nipro India Corporation Pvt. Ltd.

Pharmaceutical plastic packaging market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period. The growing pharmaceutical industry and high demand for plastic packaging in the pharmaceutical industry owing to its offered advantages is a key factor driving the growth of the global pharmaceutical plastic packaging market. The compatibility of plastic with any form such as blister, bottles, laminates, and others is also increasing its popularity to be used in pharmaceutical packaging. Looking towards the growth aspect of this industry, key players are making significant moves to increase their presence in the global market.

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For instance, in March 2023, Alpla Group formed a joint venture with Spanish packaging company Inden Pharma to expand its presence in the pharmaceutical packaging market. The JV will make use of ALPLApharma's production sites in Greece and Poland, as well as Inden Pharma's two facilities in Spain. Alpla Group and Inden Pharma will also build a facility in Markdorf, Germany. These facilities will produce around 800 million pharmaceutical packaging products in total this year. The partners plan to increase their capacity by 300.0% over five years. However, the presence of stringent regulations regarding plastic owing to its harmful impact on the environment may restrain the growth of the global market. Pharmaceutical plastic bottles used for packaging consist of child-resistant caps and closures. Child-safe packaging and contamination-free drug delivery are expected to amplify growth opportunities in sales of plastic bottles and containers for the pharmaceuticals market, thereby driving the global market.

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• Market Coverage
• Market number available for - 2024-2030
• Base year- 2023
• Forecast period- 2024-2030
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Pharmaceutical Plastic Packaging Market by Raw Material
o Polypropylene (PP)
o Polyethylene Terephthalate (PET)
o Low Density Polyethylene (LDPE)
o High Density Polyethylene (HDPE)
o Other (COP)

Global Pharmaceutical Plastic Packaging Market by Product Type
o Solid Containers
o Dropper bottles
o Nasal Spray Bottles
o Liquid Bottles
o Oral Care
o Pouches
o Vials and Ampoules
o Cartridges Syringes
o Other (Caps and Closures)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Berk Company LLC
o Comar LLC
o Drug Plastics Group
o EPL Ltd.
o Gerresheimer AG
o Gil Plastic Products Ltd.
o Huhtamaki India Ltd.
o Klockner Pentaplast Group
o Nipro India Corporation Pvt. Ltd.
o Origin Pharma Packaging
o Parekhplast India Ltd.
o Pretium Packaging
o SCHOTT Pharmaceutical Packaging
o SGD Pharma
o UFlex Ltd.
o West Pharmaceutical Services Inc.

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global pharmaceutical plastic packaging market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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