Tablets And Capsules Packaging Market Research Study for Forecast Period (2016-2026)
The growth of pharmaceutical industry worldwide is driving the packaging market and thus in turn escalating the demand for global tablets and capsules packaging market. In addition to this various government initiative in many countries to boost healthcare is likely to drive the global tablets and capsules packaging market. Creative collaboration between packaging and delivery system manufacturers and drug manufacturers can act as a strong growth factor for the pharmaceutical companies during the forecasted period.
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It has been observed that the global tablets and capsules packaging market have opportunities in terms of technology. The improved safety, protection and security provided by the new advanced packaging methods are one of the major trends upcoming in global tablet and capsules packaging market.
Based on the type of tablet and capsules the global packaging tape market is segmented into:
Sugar coated tablet
Enteric coated tablet
Soft gelatin capsules
Hard gelatin capsules
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In terms of geography, the global tablets and capsule packaging market has been divided into five key regions including North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.The global tablets and capsule packaging market are expected to register healthy CAGR during the forecast period. Asia Pacific is anticipated to be the dominant market for global tablets and capsule packaging market followed by North America and Europe. Growing population demands for medicines in Asia Pacific region is driving the tablets and capsules packaging market.
Tablets and Capsules Packaging Market: Key Players
Some of the key players in the global tablets and capsule packaging market are Trividia Manufacturing Solutions, Inc., Paragon Labs, ACG PHARMAPACK PRIVATE LIMITED etc.
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