English Financial Content PR-Wirein Press Release Reportedtimes Research Newswire

Pharmaceutical Packaging Market New Opportunities, Top Trends, Rising Demand, Emerging Growth, Business Development

According to a new report published by Allied Market Research, titled, “Pharmaceutical Packaging Market by Product ad Material: Opportunity Analysis and Industry Forecast, 2021–2027,” the global pharmaceutical packaging market was valued at $ 88,880 million in 2019, and is projected to reach $ 144,233 million by 2027, registering a CAGR of 6.1% from 2020 to 2027. 

 

List of Key Players

Prominent players operating in the pharmaceutical packaging market include Amcor Ltd, Aptar Group, Inc., Catalent Inc., CCL Industries Inc., Becton, Dickinson and Company, Gerresheimer AG, West Pharmaceutical Services, Inc., Nipro Corporation, Berry Global Group, Inc., SCHOTT Pharmaceutical Packaging.

 

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/1830

 

Key Findings Of The Study

  • Based on product type, the others segment accounted for XX% revenue share of the market in 2019.
  • On the basis of region, North America occupied XX% revenue share of the global hormone replacement therapy market in 2019, 
  • Asia-Pacific market is anticipated to grow with the highest CAGR of XX% throughout the forecast period.

 

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By product type, the plastic bottles segment is accounted to dominate the market share in 2019 as plastic bottles have always been the preferred mode of packaging tablets and capsules. Wide usage of plastic bottle for packaging liquid dosages, like syrups, nasal, and ophthalmic medications. The advantage of a plastic bottle is that pharmaceutical manufacturers can place more tablets in bottles more efficiently and cost-effectively. Further, the parenteral containers segment is expected to propel the market growth as plastic is slowly being eliminated from the parenteral packaging ecosystem. Companies are shifting toward prefilled and ready-to-use containers, which is expected to augment the usability of parenteral products in self-medication.

Region wise, the global pharmaceutical packaging market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North American market had witnessed supremacy in terms of revenue in 2019, owing to high purchasing power coupled with rise in adoption rate of smart and advanced packages. Further, U.S. in North America region has accounted for generating largest share, and will continue to be the largest share. This is attributed as U.S. is the advanced drug-producing sector commercializes new sophisticated therapies with specialized packaging needs. On the other hand, the market in Asia-Pacific is expected to register the highest CAGR in terms of revenue during the forecast period pertaining to growth in the purchasing power of populated countries such as China, Japan, and India. Further, requirements for brand enhancement and differentiation, new packaging material development, increasing awareness of environmental issues, and the adoption of new regulatory requirements on recycling packages are projected to boost growth of the Asia-Pacific pharmaceutical packaging market.

Tags: Pharmaceutical Packaging Market, Pharmaceutical Packaging

See Campaign: https://www.alliedmarketresearch.com/press-release/pharmaceutical-packaging-market.html

Contact Information:

David Correa 5933 NE Win Sivers Drive 205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com

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Contact Information:

David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com