Sales in Clinical Trial Packaging Market to Rise at CAGR of 6.9% during 2017-2025, Prospering Contract Manufacturing Industry to Spur Growth: TMR

Sales in Clinical Trial Packaging Market to Rise at CAGR of 6.9% during 2017-2025, Prospering Contract Manufacturing Industry to Spur Growth: TMR

PR Newswire

ALBANY, N.Y, Dec. 16, 2020

- Blister packaging to attract opportunities at substantial pace in the clinical trial packaging market, packaging companies in the market are relentlessly focused on bringing innovation

- Thriving pharmaceutical industry in Europe and North America makes these regions cynosure of attention for vendors, North America held more than half of the market share

ALBANY, N.Y, Dec. 16, 2020 /PRNewswire/ -- Strides made in pharmaceutical outsourcing are propelling opportunity generation for packaging companies in the clinical trial packaging market. A growing body of research in clinical trials are focused on testing the drug toxicity for pharmaceuticals aimed at managing or treating chronic diseases.

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The clinical trial packaging market has seen new avenues on the back of the relentless urge to innovate in different packaging types to meet the demand for a rapidly emerging contract manufacturing sector in developing and developed nations.

Of the various packaging types, bottles and blisters are markedly lucrative segments. The former held the major market share in 2017 while the latter segment is projected to clock CAGR of 7.4% from 2017 to 2025.

Research analysts forecast steady revenue generation from research laboratories. Globally, the opportunity in the clinical trial packaging market is anticipated to clock CAGR of 6.9% during 2017 – 2025, and reach valuation of US$1.66 bn by 2025-end. 

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Key Findings of Clinical Trial Packaging Market

Explore 234 pages of top-notch research, incisive insights, and detailed country-level projections on Clinical Trial Packaging Market (Packaging Type - Syringes, Vials and Ampoules, Blisters, Tubes, Bottles, Bags and Pouches, Sachets, and Kits or Packs; Material Type - Plastic, Glass, Metal, Paper, and Corrugated Fiber; End Use - Research laboratories, Clinical research organization, and Drug Manufacturing Facilities) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025 at https://www.transparencymarketresearch.com/clinical-trial-packaging-market.html

Clinical Trial Packaging Market: Key Driving Factors and Promising

Analyze global clinical trial packaging market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Clinical Trial Packaging Market: Regional Growth Dynamics

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Clinical Trial Packaging Market: Competitive Dynamics

The global clinical trial packaging market features high degree of competition as well as fragmentation. Vendors are focused toward meeting the demands for pharmaceuticals researching for novel drugs.

Some of the top players operating in the clinical trial packaging market are PCI Pharma Services, WuXi AppTec, Corden Pharma GmbH, The Coghlan Group, PAREXEL International Corporation, Almac Group Limited, Fisher Clinical Services, Westrock Company, and Bilcare Limited.

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