PVC Medical Blister Packaging Market Size, Trends, Growth Analysis, and Forecast | Valuates Reports

PVC Medical Blister Packaging Market Size

The global PVC Medical Blister Packaging market was valued at US$ 5464.3 million in 2023 and is anticipated to reach US$ 7815.7 million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.

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The global pharmaceutical market is 1475 billion USD in 2022, growing at a CAGR of 5% during the next six years. The pharmaceutical market includes chemical drugs and biological drugs. For biologics is expected to 381 billion USD in 2022. In comparison, the chemical drug market is estimated to increase from 1005 billion in 2018 to 1094 billion U.S. dollars in 2022. The pharmaceutical market factors such as increasing demand for healthcare, technological advancements, and the rising prevalence of chronic diseases, increase in funding from private & government organizations for development of pharmaceutical manufacturing segments and rise in R&D activities for drugs. However, the industry also faces challenges such as stringent regulations, high costs of research and development, and patent expirations. Companies need to continuously innovate and adapt to these challenges to stay competitive in the market and ensure their products reach patients in need. Additionally, the COVID-19 pandemic has highlighted the importance of vaccine development and supply chain management, further emphasizing the need for pharmaceutical companies to be agile and responsive to emerging public health needs.

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This report aims to provide a comprehensive presentation of the global market for PVC Medical Blister Packaging, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding PVC Medical Blister Packaging.

By Type
• White
• Tinted

By Application
• Tablet Packaging
• Capsule Packaging

Key Companies
Sumitomo Bakelite Co., Ltd., Perlen Packaging AG, KP-Tech, Caprihans India Limited, Flexi Pack Limited, Shanghai CN Industries ltd, Klöckner Pentaplast, Liveo Research, HAOMEI, Jolybar, Hangzhou Plastics Industry Co., Ltd, Zhejiang tiancheng Medical Packing Co.,Ltd, Shanghai Chunyi Pharma Packing Material Co.,Ltd, Zibo Zhongnan Pharmaceutical Packaging Materials Co., Ltd., Tekni-Plex

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This release was published on openPR.