Advancements in packaging technology such as smart labelling, enhanced dosing techniques, and renewable materials are propelling the pharmaceutical packaging market to grow 2.2X during the forecast period .
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.
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Leading companies from the pharmaceutical packaging market are
Key Takeaways of Pharmaceuticals Packaging Market Study
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“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
Aluminum foil packaging will gain increased traction from pharmaceutical drugs such as tablets, and capsules. Excellent recyclability quotient enables broader adoption of aluminum 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.
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The global pharmaceutical packaging market is segmented on the basis of material, product type, application and region.
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