3D Pharmaceutical Packaging Market to Witness Increase in Revenues by 2024

In absence of marketer, packaging is the face of a product which communicates with the customer. Packaging has become one of the best performing industry in the world in terms of growth prospects. It is now not only a mode of carriage, rather a more lucrative opportunity to create brand awareness. Packaging plays a crucial part of the drug delivery system and is also a core element of the marketing sector. Among many packaging types, 3D pharmaceutical packaging market holds an important area in packaging industry. 3D pharmaceutical packaging is changing at a rapid pace with modern technological advancements. However, it is also important to consider that pharmaceutical packaging materials is controlled by regulations like compendia standards, performance testing, Food and Drug Administration (FDA) Guidance, which changes time to time. Moreover, with introduction of various pharmaceutical products and drugs every year, the demand for pharmaceutical packaging is expected to witness significant growth over the forecast period. Integration of new technologies in packaging of pharmaceutical products will result in new forms of 3D pharmaceutical packaging in the near future.

Global 3D pharmaceutical packaging market is segmented on the basis of product type, by technology type and by heat seal coating type. On the basis of product type the global 3D pharmaceutical packaging market can be segmented as bottles, blister packs, ampoules, vials, tubes and others. On the basis of technology type, 3D Pharmaceutical Packaging Market can be segmented into thermoforming technology and cold-forming technology. On the basis of heat-seal coating, 3D pharmaceutical packaging market can be segmented into water-based and solvent based heat-seal coating.

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Many of the pharmaceutical companies find difficulties to find out how the final product will be look like, 3D pharmaceutical packaging can create a prototype to stimulate the final product. Moreover, 3D pharmaceutical packaging allows to increase brand identity of the particular product which immensely help to stand alone in the crowd, this is one of the major reasons for the growth of the 3D pharmaceutical packaging market. In other aspects, innovation in packaging technologies is driving the force to make customized packages as per the client need, which helps to create market opportunity for 3D pharmaceutical packaging industry. On the other hand, the restraining factor towards the growth of the 3D pharmaceutical packaging market is the high cost per packaging product. The major opportunity for 3D pharmaceutical packaging market is to increase different categories of pharmaceutical product in different application segment in pharmaceutical packaging industry.

Geographically, the global 3D pharmaceutical packaging market is segmented into North America’s 3D pharmaceutical packaging market , Latin America’s 3D pharmaceutical packaging market, Europe’s 3D pharmaceutical packaging market, Asia-Pacific’s 3D pharmaceutical packaging market and the Middle East & Africa’s 3D pharmaceutical packaging market.

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The global 3D pharmaceutical packaging market is expected to witness a stable CAGR over the forecast period of 2016-2024. Moreover, North America is expected to be the largest 3D pharmaceutical packaging market due to growing demand of pharmaceutical industry. Apart from this, the wide evolution of the retail sector in the upward economies such as India & China is expected to boost further the sales of the 3D pharmaceutical packaging market in Asia Pacific by the end of the forecast period of 2016-2024.

Some of the major players identified across the globe in the 3D Pharmaceutical Packaging Market are Amcor Ltd., Bemis Healthcare Packaging, Owens-Illinois, Aptar Group, Inc., Sealed Air, Ball Corporation, Anchor Packaging, Berry Plastics, Gerresheimer, Becton, Dickinson & Company, Capsugel Inc., Westrock and Catalent Pharma Solutions Inc.

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This release was published on openPR.