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Pharmaceutical Packaging Market is expected reach USD 262.75 Bn by 2030, as per Maximize Market Research.
Pharmaceutical Packaging Market
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Pharmaceutical Packaging Market Dynamics
With advanced manufacturing techniques, technological innovations, and increased company integration pharmaceutical sector is growing rapidly. Rising income levels, improved healthcare awareness, a large and youthful population, and increased life expectancy are some factors responsible for growth in countries like Brazil, Russia, India, and China. The high cost of manufacturing and stringent regulatory requirements from organizations like the FDA and EMA present challenges to the expanding pharmaceutical industry. Counterfeit drugs pose a significant threat, particularly in developing economies like China, the Philippines, and Vietnam, where they account for a large portion of counterfeit drug reports. The rise in counterfeit drugs is exacerbated by delays in the approval of new drugs and their packaging, highlighting the need for stringent measures to combat this issue.
Pharmaceutical Packaging Market Regional Analysis
North American pharmaceutical packaging market held over 40% of share in global pharmaceutical packaging market. The new product launches with specialized packaging needs are driving companies like Pfizer and Novartis to invest more in pharmaceutical packaging. European pharmaceutical packaging market will grow at a moderate pace. On account of the presence of diverse drug industries China, India, and Japan are driving the demand for products in Asia Pacific pharmaceutical packaging market.
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Pharmaceutical Packaging Market Scope
Market Size in 2023 USD 140.09 Bn.
Market Size in 2030 USD 262.75 Bn.
CAGR 9.4% (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Pharmaceutical Packaging Market Segmentation
by Material
1. Plastic
2. Glass
3. Paper
4. Others
by Type
1. Ampules
2. Blister Packs
3. Bottles (Rigid)
4. Canisters
5. Cartridges
6. IV Bags
7. Mini-jars
8. Pouches
9. Caps & Closures
10. Tubes
11. Vials
12. Sachets
13. Medical Specialty bags
14. Others
by End Use
1. Pharma Manufacturing
2. Contract Packaging
3. Retail Pharmacy
4. Institutional Pharmacy
Pharmaceutical Packaging Market Key Players
1. Westrock and Catalent Pharm Solutions Inc
2. Anchor Packaging
3. Ball Corporation
4. 3M
5. Sealed Air Corporation
6. Baxter International Inc.
7. Centor and Lilly (Eli) Company
8. Unilife Corporation
9. Exporta Global
10. Plastube Inc.
11. Gerresheimer
12. Berry Plastics Corporation,
13. Becton Dickinson and Company
14. MeadWestvaco Corporation
15. West Pharmaceuticals Services Inc
16. Owens-Illinois
17. RPC Group
18. Schott Pharmaceuticals Services Inc.
19. Graphic Packaging Group.
20. Huhtamaki PPL Ltd
21. SGD Pharma India Ltd.
22. Uflex Limited
23. Amcor Flexibles India Pvt Ltd
24. Gerresheimer AG
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-pharmaceutical-packaging-market/27157/
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