Pharmaceutical Packaging Market Size, Share, Report
Pharmaceutical Packaging Market
Pharmaceutical Packaging Market is predicted to witness a promising growth over the forecast period, owing to the adoption of advanced production process to develop sustainable solutions and ongoing innovations.
Growing cases of chronic and non-chronic diseases has increased the demand for pharmaceutical packaging products across developing and developed countries, which stands to be a major factor fueling the global pharmaceutical packaging market. According to the “Diabetes Research and Clinical Practice”, diabetic cases are projected to reach 10.2% by the end of 2030 from 9.3% in 2019, which is predicted to expand the market growth. In addition, favourable initiatives by the regulatory bodies and government and ongoing innovations in the pharmaceutical packaging industry like printing ink technology, RFID and child resistance packaging is forecast to bolster the Pharmaceutical Packaging Market size.
Container – Segment Analysis
As per the Pharmaceutical Packaging Industry Trends, Plastic segment is estimated to witness a promising growth over the forecast period, as they are cheaper than glass and fewer chances of bottle breakage or damage.
Regional – Segment Analysis:
North America is expected to dominate the market over the forecast period, owing to the strong presence of the big-pharma companies like F. Hoffmann-La Roche Ltd., Pfizer Inc., Novartis AG, Merck KGaA etc. Rising health awareness among individuals, accelerating per-capita income, and expansion of pharmaceutical industry has bolstered the Pharmaceutical Packaging Market Share.
Key Developments:
In 2019, Schott established Everic vials to package small volumes of sensitive drugs. This product provides quality fill and finish and is highly suitable for high potent drugs such as biologics.
Pharmaceutical Packaging Market Segmentation:
Pharmaceutical Packaging Market by Packaging Type
· Ampoule
· Vial
· Bottles and Jars
· Dropper
· Aerosol Container
Pharmaceutical Packaging Market by Material
· Corrugated Board
· Paper
· Glass
· Plastic
· Metal
· Rubber
Pharmaceutical Packaging Market by Containers
· Glass Containers
· Plastic Containers
Pharmaceutical Packaging Market by Region:
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
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