+1-786-628-7980
Sign Up/Sign In 
According to the new market research report “Pharmaceutical Packaging Market by Type (Plastic Bottles, Blister Packs, Labels & Accessories, Caps & Closures, Pre-filled Syringes, Vials, Ampoules), Raw Material, Drug Delivery Mode (Oral Drugs, Injectables, IV Drugs), Region – Global Forecast to 2024″, The pharmaceutical packaging market is projected to grow from USD 83.6 billion in 2019 to USD 111.9 billion by 2024, at a CAGR of 6.0%. Increasing demand for pharmaceutical packaging in emerging economies owing to the growth of the aging population and rise in diseases is propelling the demand for pharmaceutical packaging. In addition, increasing demand for blister packaging and innovations in the field of nanomedicines is also driving the growth of pharmaceutical packaging.
Don’t miss out on business opportunities in Pharmaceutical Packaging Market
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=890
Based on the type of pharmaceutical packaging, plastic bottles are projected to lead the pharmaceutical packaging market during the forecast period. Plastic bottles are useful for packaging of drugs in the form of liquid, powder, and solid. Additionally, patient convenience during drug consumption and increasing use of oral drug delivery mode are also responsible for widespread use of plastic bottles segment.
Based on raw material, plastics & polymers is projected to register the highest CAGR between 2019 and 2024. Plastic & polymers provide dual utility in rigid as well as flexible packaging. Plastic is used widely in rigid pharmaceutical packaging for manufacturing various types of packaging such as bottles, jars, caps & closures. Moreover, plastic is used in combination with metal or paper to form laminations, useful for flexible pharma packaging. The factors mentioned above together increase the consumption of plastics & polymers for pharmaceutical packaging.
Browse and in-depth TOC on “Pharmaceutical Packaging Market – Global Forecast to 2024”
71 – Tables
40 – Figures
162 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-market-890.html
The pharmaceutical packaging market is projected to grow from USD 83.6 billion in 2019 to USD 111.9 billion by 2024, at a CAGR of 6.0%. The major drivers for the pharmaceutical packaging market include increasing demand for pharmaceuticals in emerging markets owing to better access to healthcare, rising healthcare expenses, and growing consumer awareness regarding healthier lifestyle. Also, advanced drug delivery and innovative packaging solutions with higher patient convenience drive the market for pharmaceutical packaging.
Pharmaceutical packaging is used for different drug delivery modes such as oral drugs, pulmonary, transdermal, injectables, topical, nasal, ocular/ophthalmic, and IV drugs. Companies such as Berry Global Inc. (US) Amcor plc (Australia), AptarGroup, Inc. (Us), Gerresheimer AG (Germany) and Schott AG (Germany) operating in the pharmaceutical packaging market have adopted both organic and inorganic growth strategies such as new product launch, merger & acquisition, investment & expansion, agreement & collaboration, and joint ventures to serve their customers efficiently and increase their market shares.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=890
Berry Global Inc. (US) has gained a strong foothold in the pharmaceutical packaging market. The company has a strong product portfolio for pharmaceutical packaging. The company operates through its multiple production sites and has extensive R&D infrastructure, which helps the company attain economies of scale. It focuses on offering customized solutions, and consistent customer service orientation to cater to consumer demand and achieve growth in the market.
Gerresheimer (Germany) is another major player operating in the market. The company has a strong global presence and offers a wide range of innovative pharmaceutical packaging products such as bottles, vials, ampoules, and others. The company is focusing on organic growth strategies of new product launch and investment & expansion for increasing its geographical footprints and strengthen product portfolio and hence, widening its presence in various regions such as APAC and North America and increasing its revenue.
Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
