According to a new market research report published by Global Insight Services “Pharmaceutical Packaging Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Pharmaceutical packaging is the process of enclosing or protecting pharmaceutical products for distribution, storage, sale, and use. It plays an important role in tamper-resistant packaging, patient compliance, and product safety.
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Key Market Players
The major players profiled in the pharmaceutical packaging market are Aptar Group, Inc., Amcor Ltd, Becton, Dickinson and Company, Berry Global Group, Inc., Catalent Inc., CCL Industries Inc., Gerresheimer AG, Nipro Corporation, SCHOTT, and West Pharmaceutical Services, Inc.
Key Trends
The pharmaceutical packaging industry is constantly evolving in order to keep up with the latest trends and technologies. One of the most important trends in pharmaceutical packaging is the increased focus on patient safety. This includes the use of child-resistant packaging, tamper-evident packaging, and other safety features. Another trend is the use of sustainable materials for pharmaceutical packaging. This includes the use of recycled materials, biodegradable materials, and other eco-friendly options.
Digital technology is playing an increasingly important role in pharmaceutical packaging. This includes the use of RFID tags, QR codes, and other digital features. In addition, there is a greater focus on product security with the increase in counterfeit drugs. This includes the use of tamper-proof packaging, holograms, and other security features. Moreover, to stand out in the marketplace, pharmaceutical companies are paying greater attention to packaging design. This includes the use of unique shapes, colors, and textures.
Key Drivers
The global pharmaceutical packaging market is expected to grow at a CAGR of 5.8% during the forecast period.
One of the major drivers for this market is the increasing demand for patient-centric packaging. Patient-centric packaging is a type of packaging that is designed to meet the needs of patients. It includes features such as easy-to-open packaging, clear and concise labeling, and child-resistant packaging. This type of packaging is gaining popularity as it helps to improve patient compliance and reduces the risk of medication errors.
Another driver for the pharmaceutical packaging market is the increasing prevalence of chronic diseases. Chronic diseases such as cancer, heart disease, and diabetes are on the rise due to people’s changing lifestyles and dietary habits. These diseases require long-term treatment with expensive drugs. Proper packaging of these drugs is essential to ensure their stability and efficacy.
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Key Market Segments
The pharmaceutical packaging market is bifurcated by product type, material, and geography. It is divided into parenteral containers, caps & closures, plastic bottles, blister packs, specialty bags, and others by product type. Based on material, it is divided into glass, metal, plastics, paper & paperboard, and others. By geography, the market is studied across North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Pharmaceutical Packaging Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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