Advancements in packaging technology such as smart labelling, enhanced dosing techniques, and renewable materials are propelling the growth of pharmaceutical packaging market by 2.2X during the forecast period (2019-2029).
Increasing healthcare spending in developed countries and growing preference for convenient packaging solutions, especially among millennials, will propel growth. Market incumbents are investing in expansion strategies and research & development of sustainable packaging materials that comply with stringent government regulations.
In February 2019, European Union (EU) mandated the serialization of pharmaceutical drugs to improve tracking of pharmaceuticals and curb counterfeiting activities.
Request a Report Sample to gain Comprehensive Insights at
Key Takeaways of Pharmaceuticals Packaging Market Study
“Sustainability is key to growth in pharmaceutical packaging market. Governments are proactively lobbying packaging and product labelling practices and introducing regulations on a frequent basis. Manufacturers stand to gain sustainable growth by curbing environmental pollution from packaging waste. “-Says the Fact.MR Analyst
Get Customization on this Report for Specific Research Solutions
Manufacturers Leveraging Sustainable Materials at Scale
Aluminium foil packaging will gain increased traction from pharmaceutical drugs such as tablets, and capsules. Excellent recyclability quotient enables broader adoption of aluminium foil packaging. Trends such as convenient dosing and increased product information will engender demand for additional product features and innovation in packaging methods of pharmaceutical drugs.
Carbon footprint reduction must be a top priority, manufacturers can start recycling initiatives such as in-store recycling where consumers return used inhalers and other devices. Biologics and other customized medicine trends will propagate niche pharmaceutical packaging during the forecast period. Market players must be vigilant about development of these trends to capitalize on remunerative growth opportunities.
Find More Valuable Insights on Pharmaceutical Packaging Market
Fact.MR, in its new offering, provides an in-depth analysis of the global pharmaceutical packaging market, displaying data on historical demand (2014-2018) and forecast data for the period, 2019-2029. The study provides readers with essential insights on the pharmaceutical packaging market on the basis of material (Plastics & Polymers (Polypropylene, Polyethylene, Polyethylene Terephthalate, Polyvinyl Chloride, Polystyrene, and Others), Paper & Paperboard, Glass, Aluminium Foil, and Others), product type (Primary (Plastic bottles, Caps & Capsules, Parenteral Containers, Blister Packs, Refillable Inhalers, Pouches, Medication Tubes, and Others), Secondary (Prescription containers, pharmaceuticals packaging Accessories), Tertiary), Application (Pharmaceutical manufacturing, retail pharmacy, contract packaging, institutional pharmacy, and Others), and across 6 key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
For in-depth Competitive Analysis, Buy Now
About the Chemicals & Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the Chemicals & Materials team at Fact.MR helps clients from all over the globe with their unique business intelligence needs across the value chain. With an exhaustive database of over 1,000 reports and 1 million plus data points, the team has analyzed a number of chemicals and materials lucidly in 50+ countries for over a decade.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates