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Pharmaceutical Packaging Market is expected to reach USD 192.66 billion by 2031 from USD 111.52 billion in 2023, growing at a CAGR of 7.2%

09-23-2024 09:13 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Data Bridge Market Research Private Ltd .

/ PR Agency: Data Bridge Market Research Private
Pharmaceutical Packaging Market is expected to reach USD 192.66 billion by 2031 from USD 111.52 billion in 2023, growing at a CAGR

Pharmaceutical Packaging Market is expected to reach USD 192.66 billion by 2031 from USD 111.52 billion in 2023, growing at a CAGR

"Pharmaceutical Packaging Market Size And Forecast by 2031

Data Bridge Market Research analyzes that the global pharmaceutical packaging market is expected to reach USD 192.66 billion by 2031 from USD 111.52 billion in 2023, growing at a CAGR of 7.2% in the forecast period of 2024 to 2031.. Pharmaceutical Packaging Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of  Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.

Global Pharmaceutical Packaging Market Segmentation Analysis

Global Pharmaceutical Packaging Market, By Type (Plastic Bottles, Blister Packs, Labels and Accessories, Caps and Closures, Medical Specialty Bags, Pre-Filled Syringes, Temperature-Controlled Packaging, Pouches and Strip Packs, Ampoules, Vials, Pre-Filled Inhalers, Medication Tubes, Jars and Canisters, Cartridges, Others), Raw Material (Plastics and Polymers, Paper and Paperboards, Glass, Metals, Others), Drug Delivery Mode (Oral Drug Delivery Packaging, Pulmonary Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Iv Drugs Delivery Packaging, Other Drugs Delivery Packaging), Application (Drug Delivery, Veterinary Vaccines), Purchase Organization (Manufacturer, Packaging Companies, Government Agencies) - Industry Trends and Forecast to 2023 to 2031.

Get a Sample PDF of Report - https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-pharmaceutical-packaging-market

 Which are the top companies operating in the Pharmaceutical Packaging Market?

The "Global Pharmaceutical Packaging Market "study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Pharmaceutical Packaging Market extension. This Pharmaceutical Packaging Market report provides the information of the Top 10 Companies in Pharmaceutical Packaging Market in the market their business strategy, financial situation etc.

**Segments**

- Based on material type, the pharmaceutical packaging market is segmented into plastic & polymer, glass, paper & paperboard, aluminum foil, and others. Glass packaging is anticipated to witness significant growth due to its inert nature, ensuring the integrity of the pharmaceutical products. Plastic & polymer packaging is also expected to hold a substantial market share owing to its flexibility, lightweight, and cost-effectiveness.
- By packaging type, the market is categorized into bottles, blister packs, vials, ampoules, tubes, and others. Blister packagings are likely to dominate the market as they offer improved barrier properties against moisture, oxygen, and light, thereby extending the shelf life of pharmaceutical products. Vials are also expected to show considerable growth due to their convenience and ease of use.
- On the basis of drug delivery mode, the pharmaceutical packaging market is divided into oral drugs, injectable drugs, topical drugs, pulmonary drugs, transdermal drugs, nasal drugs, ocular drugs, and others. Injectable drugs are projected to hold a substantial market share due to the increasing prevalence of chronic diseases requiring injectable formulations. Oral drugs are also anticipated to witness growth owing to the ease of administration for patients.

**Market Players**

- Amcor
- Berry Global Inc.
- Gerresheimer AG
- Becton, Dickinson and Company
- WestRock Company
- Owens-Illinois
- West Pharmaceutical Services, Inc.
- AptarGroup
- Schott AG
- Nipro Corporation

The pharmaceutical packaging market is expected to witness significant growth in the forecast period, driven by the increasing demand for pharmaceutical products globally. The implementation of stringent regulations related to the quality and safety of pharmaceutical packaging is also a key factor contributing to market growth. Furthermore, the rising focus on sustainable packaging solutions and innovations in packaging design to improve patient compliance and convenience are anticipated to propel market expansion. With the pharmaceutical industry's continuous advancements in drug development and technology, the pharmaceutical packaging marketThe pharmaceutical packaging market is a crucial component of the healthcare industry, playing a significant role in ensuring the safety, integrity, and efficacy of pharmaceutical products. As advancements in drug development and technology continue to drive the demand for pharmaceutical products globally, the need for innovative and high-quality packaging solutions is also increasing. Market players such as Amcor, Berry Global Inc., Gerresheimer AG, Becton, Dickinson and Company, and others are key contributors to the market, offering a wide range of packaging solutions to meet the diverse needs of the pharmaceutical industry.

One of the key drivers of growth in the pharmaceutical packaging market is the implementation of stringent regulations governing the quality and safety of pharmaceutical packaging. Regulatory bodies worldwide are increasingly focusing on ensuring that pharmaceutical products are packaged in a way that preserves their efficacy and prevents contamination or tampering. This has led to the adoption of advanced packaging materials and technologies that provide enhanced barrier properties and protection against external factors such as moisture, light, and oxygen. As a result, market players are investing in research and development to offer packaging solutions that comply with these regulations and meet the evolving needs of the pharmaceutical industry.

Another factor contributing to market growth is the rising focus on sustainable packaging solutions. With increasing awareness of environmental issues and the need to reduce waste, pharmaceutical companies are seeking packaging options that are eco-friendly and recyclable. Market players are responding to this demand by introducing sustainable packaging materials such as biodegradable plastics, recyclable glass, and compostable paper solutions. These innovations not only align with the industry's sustainability goals but also resonate with consumers who are becoming more conscious of the environmental impact of their choices.

In addition to regulatory compliance and sustainability, innovations in packaging design are also driving market expansion. Pharmaceutical packaging is no longer just about protecting the product; it is also about enhancing patient compliance and convenience. Manufacturers are introducing features such as child-resistant closures, tamper-evident seals, and easy-to-open packaging to improve the user experience and ensure the correct dosage and administration of**Market Players:**

- 3M (U.S.)
- BD (Becton, Dickinson and Company) (U.S.)
- CCL Industries (Canada)
- McKesson Corporation (U.S.)
- WestRock Company (U.S.)
- AptarGroup Inc. (U.S.)
- Gerresheimer AG (Germany)
- West Pharmaceutical Services Inc. (U.S.)
- Klöckner Pentaplast (Germany)
- SCHOTT AG (Germany)
- Amcor plc (Switzerland)
- Berry Global Inc. (U.S.)
- FlexiTuff Ventures International Ltd. (India)
- International Paper (U.S.)
- Stevanato Group (Italy)
- Origin Pharma Packaging (U.K.)
- Mondi (Austria)
- Lonza (Switzerland)
- Robert Bosch GmbH (Germany)
- DuPont (U.S.)
- Thermo Fisher Scientific (U.S.)
- Boston Scientific (U.S.)

The pharmaceutical packaging market is experiencing significant growth driven by various factors. The increasing demand for pharmaceutical products globally, coupled with stringent regulations concerning packaging quality and safety, is propelling market expansion. Market players are focusing on sustainable packaging solutions and innovative designs to enhance patient compliance and convenience, further contributing to market growth. The adoption of advanced materials and technologies to meet regulatory standards and address environmental concerns is reshaping the pharmaceutical packaging landscape. Injectables and oral drugs are expected to continue dominating the market, reflecting the ongoing developments in drug formulations and the need for

Explore Further Details about This Research Pharmaceutical Packaging Market Report https://www.databridgemarketresearch.com/reports/global-pharmaceutical-packaging-market
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Data Bridge Market Research is a market research and consulting company that educates its clients about the market and encourages growth and expansion. We offer customized reports, syndicated research, consulting services, cloud-connected intelligence, and a holistic suite of offerings including competitive intelligence, epidemiology analyses, trade analytics, country analysis, and pharma insights. We deliver objective and actionable insights, crafted to meet the unique needs of our clients. Our database features thousands of statistics and in-depth analyses on 200 plus industries and more than 5000 markets in 75 major countries globally. Additionally, DBMR has served for more than 40% of Fortune 500 firms internationally and has a more than 3000 client's network.

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