Global Pharmaceutical Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

“Global Pharmaceutical Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” report has been recently generated by MarketResearch.biz, and offers in-depth insights, revenue details, and other vital information regarding the global pharmaceutical packaging market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global pharmaceutical packaging market report has been segmented on the basis of product, raw material and region.

Request Covid - 19 Impact

This report is based on synthesis, analysis, and interpretation of information gathered from various sources regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts, with the primary objective being to provide a holistic view of the target market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as current impact, in order to make informed forecasts about the scenarios in the near and distant future.

Introduction:

Pharmaceutical packaging is a complex process of providing presentation, protection, identification, information, integrity and stability to the pharmaceutical products, right from production through drug distribution channels to the end users. Pharmaceutical packaging market is a highly regulated market as it is related to product protection, quality, tamper evidence, patient comfort and security needs.

Dynamics:

Global pharmaceutical packaging market is expected to register a significant growth over the forecast period owing to various factors such as increased R&D, product innovations in packaging materials, growth in generic market, and rising trend of contract packaging. Rising growth of the pharmaceutical industries, coupled with concerns for improving healthcare services across the globe is also expected to drive growth of the global market over the estimated time period. Increasing demand for reusable and eco-friendly packaging are additional factors which are expected to drive growth of the global pharmaceutical packaging market over the estimated time period. In addition, rising demand for biologics in order to cure chronic diseases, is expected to drive demand for pharmaceutical packaging over the forecast period.

The price volatility of raw materials used in pharmaceutical industries is expected to have a negative impact on growth of the target market to a certain extent, over the forecast period. Raw material and packaging cost have increased significantly over the years and could be a major factor affecting growth of the global pharmaceutical packaging market to a certain extent.

Adoption of nano–enabled packaging has been a recent trend observed in the target market. Nano-enabled packaging is gaining traction in the packaging industry, owing to its useful application such as providing longer shelf life to perishable items, improving attributes such as taste, texture, color and consistency of the packaged product, etc.

Other trends in pharmaceutical packaging industry has been blow fill seal (BFS) vials, anti-counterfeit measures, plasma impulse chemical vapor deposition (PICVD) coating technology, snap off ampoules, unit dose vials, two-in-one prefilled vial design, prefilled syringes and child-resistant packs. Such trends are expected to increase the demand for pharmaceutical packaging, leading to growth of the global pharmaceutical packaging market over the forecast period.

Analysis by Region:

North America market accounts for major revenue share in the global market. USA followed by Canada accounts for a majority of the market demand in the region. Asia Pacific market is expected to register highest CAGR over the forecast period, owing to the rising drug manufacturing undertakings in developing economies, especially China and India.

Global Pharmaceutical Packaging Market Segmentation:

Segmentation by Product Type:

• Packs & Bags
• Caps & Closures
• Syringes & Tubes
• Jars & Canisters
• Others

Segmentation by Raw Material:

• Plastics
• Paper & Paperboard
• Glass
• Aluminum Foil
• Others

Segmentation by Region:

• Europe
• North America
• Asia-Pacific
• Latin America
• Middle East & Africa