Press "Enter" to skip to content

Pharmaceutical Packaging Market Size is expected to reach USD 153.93 billion by 2027 & Forecast Report

The Global    Pharmaceutical Packaging Market size    is expected to reach USD 153.93 billion by 2027, exhibit a CAGR of 6.4% during the forecast period.  The growing adoption of novel and generic drugs in developing countries will have an excellent impact on the global market, states Fortune Business Insights, in a report, titled “Pharmaceutical Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastics, Glass, Metal, Paper & Paperboard,), By Product (Plastic Bottles, Caps & Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters, Cartridges,), By Packaging Type (Primary, Secondary, and Tertiary), By Drug Delivery Mode, and Regional Forecast, 2020-2027.” The market size stood at USD 90.23 billion in 2019.

 

COVID -19 Impact

The coronavirus incident has caused massive loss and disruption to various industries across the globe. We understand that this health disaster has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic. We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain this global pandemic.

 

Get Sample PDF Brochure:

www.fortunebusinessinsights.com/enquiry/request-sample-pdf/pharmaceutical-packaging-market-102860

 

Salient Features of the Report

The report on the pharmaceutical packaging market encompasses:

  • Grander analysis of the market
  • Important insights into the competitive landscape
  • Factors restricting market growth
  • Recent trends and development
  • Prime factors enabling growth

 

Driving Factor

Booming Pharmaceutical Industry to Boost Market

The flourishing pharmaceutical industry in developing nations such as China, India, and Brazil and developed economies such as the US, UK, and Germany will spur lucrative opportunities for the market during the forecast period. The increasing technological advancements and healthcare spending will contribute positively to the market growth for pharmaceutical packaging. The growing healthcare awareness along with mandatory government regulations to curb the spread of infectious diseases will have a tremendous effect on the market. Moreover, the inflated demand for biological products and emerging treatments like cell and gene therapies will further enable the speedy expansion of the market.

 

Pharmaceutical Industry to Remain Unaffected During COVID-19 Pandemic  

The corona virus has disrupted various industries, resulting in the shortage of laborers&raw materials, distraught production processes, as well as transportation and logistics. However, the pharmaceutical industry remained unaffected owing to the government’s support for the supply of essential drugs and goods. Pharmaceutical industries remained operational throughout the pandemic to manufacture healthcare products. The government backing for COVID kits and masks further encouraged packaging companies to accelerate their business amid the pandemic. The ongoing automated operations have increased sales in recent years, in turn, promoting the growth of the market.

 

Browse Summary of This Research:

www.fortunebusinessinsights.com/pharmaceutical-packaging-market-102860

 

Regional Analysis:

Heavy Demand for Packaging Products to Aid Expansion in North America

The market for pharmaceutical packaging in North America is expected to hold the largest share during the forecast period owing to the rapidly flourishing pharmaceutical industry. The increasing demand for packaging products will further enable speedy expansion in the region. The growing healthcare spending and rising prevalence of diseases will further spur demand in the region. The increasing utilization of pharmaceutical products such as plastic bottles & containers, vials & ampoules, and pre-fillable syringes will bolster the healthy growth of the market in North America. Asia Pacific is expected to hold a significant share in the global market owing to the growing pharmaceutical industry in countries such as China, Japan, and India. The rising investments by pharmaceutical manufacturing companies will contribute positively to the market growth.

 

Key Development:

June 2020: SCHOTT announced agreements with leading pharmaceutical companies, including partners of ‘Operation Warp Speed’ to deliver 2 billion doses of pharma vials packaging to COVID-19 vaccines

 

The Report Lists the Key Companies in the Pharmaceutical Packaging Market:

  • Amcor Plc (Switzerland)
  • Gerresheimer AG (Germany)
  • Origin Pharma Packaging (UK)
  • Nelipak Healthcare (Alberta)
  • Pharma Packaging Solutions (TN)
  • SCHOTT AG (Germany)
  • Becton Dickinson & Company (US)
  • West Pharmaceutical Services, Inc. (US)
  • WestRock (US)
  • AptarGroup, Inc. (US)
  • Berry Global, Inc (US)
  • NIPRO (Japan)
  • Carcano Antonio S.p.A. (Italy)
  • SABIC (Saudi Arabia)
  • Lonza Group AG (Switzerland)
  • ALPLA-Werke Alwin Lehner GmbH & Co KG (Austria)
  • Constantia Flexibles (Austria)
  • CCL Industries Inc. (Canada)
  • Frank Noe Egypt Ltd (Egypt)
  • GaplastGmbh (Altenau)
  • Others

 

Inquire Before Buying This Report:

www.fortunebusinessinsights.com/enquiry/queries/pharmaceutical-packaging-market-102860

View Other related News

swagfriends.com/read-blog/11786

www.yuuby.com/note/117226/acrylonitrile-butadiene-styrene-market-to-hit-42-809-5mn-by-2027-forecast

no1friend.com//read-blog/149

exactlydelicateobservation.tumblr.com/post/656186840605458432/acrylonitrile-butadiene-styrene-market-see-high

www.vingle.net/posts/3844601

commaful.com/play/aakash/acrylonitrile-butadiene-styrene–market-expanding-/

www.are.na/akash-bainr/acrylonitrile-butadiene-styrene-market-segmentation-analysis-industry-growth-forecast-2020-2027

www.evernote.com/shard/s489/sh/a12fd65e-eae8-5b53-0c5a-d482d7c58d26/9cf1ddb0f6aa3cedae13fedd6d63c22b

 About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

 

You can also contact us/follow us on:

www.facebook.com/FortuneBusinessInsightsPvtLtd

twitter.com/FBInsightPvtLtd?s=20

www.linkedin.com/company/fortune-business-insights/

 

 

 

 

 

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *