Pharmaceutical packaging, often known as medication packaging, encompasses activities ranging from pharmaceutical manufacturing to end-user distribution via distribution networks. Technological advancements, rising demand for drug delivery devices, rising demand for environmentally friendly and reusable packaging, rapid development in healthcare services coupled with rapid urbanisation, particularly in emerging economies such as India and China, are some of the major factors driving the global pharmaceutical packaging market.
The price of raw materials is generally not constant and varies from season to season and from place of origin, which might reduce the purchasing power of such things. As a result, one of the key reasons impeding market growth is fluctuating raw material prices used in the manufacturing of pharmaceutical packaging products. The impact of this limitation, on the other hand, is likely to be moderate over the forecast period.
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