Pharmaceutical Packaging Market to Grow at a CAGR of ~6.4% | Growing Pharmaceutical Industry and Rising R&D Activities is Expected to Augment the Market Growth: Says Growth Plus Reports

Pharmaceutical Packaging Market to Grow at a CAGR of ~6.4% | Growing Pharmaceutical Industry and Rising R&D Activities is Expected to Augment the Market Growth: Says Growth Plus Reports

PR Newswire

NEW YORK, Nov. 24, 2021

NEW YORK, Nov. 24, 2021 /PRNewswire/ -- The Global Pharmaceutical Packaging Market is expected to clock US$ ~174.7 billion by 2031 owing to rising demand for primary pharmaceutical packaging, increasing demand for drug delivery devices and blister packaging, technological advancements, expanding 3PL & other services and growing pharmaceutical industry in emerging markets.

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The global pharmaceutical packaging market has been analyzed from three different perspectives –Type of Material, Product Type, and Region.

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Growth Factors

Excerpts from 'By Product Type Segmentation'

The global pharmaceutical packaging market has been segmented majorly into eight distinct categories depending on product type, viz. glass & plastic bottles, syringes, blister packs, vials & ampoules, tubes, caps & closures, cardboard boxes and other product types (cartridges, bags & pouches, pre-fillable inhalers, pre-fillable syringes, labels, and others). The vials & ampoules segment is expected to be the fastest growing segment in the pharmaceutical packaging market during the forecast period. Government agencies and various organizations globally are continuously striving to drive their national immunization programmes. As vaccines are mainly stored in vials, this factor is expected to boost the market growth. Immunization drive for COVID-19 globally is also likely to propel the market.

Excerpts from 'By Region Segmentation'

The global pharmaceutical packaging market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to command the largest share in the global pharmaceutical packaging market, followed by Asia Pacific, Europe & Rest of the World (RoW). Rapid technological advancements, presence of large number of prominent pharmaceutical companies in the region, rising government initiatives in the healthcare industry, growing investments in R&D activities, high per capita income, and advanced healthcare infrastructure are some of the key factors driving the North American market.

Excerpts from 'Competitive Landscape'

The prominent players operating in the global pharmaceutical packaging market are

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  1. INTRODUCTION
    1. Market Ecosystem
    2. Geographic Scope
    3. Timeline Under Consideration
      1. Historical Years – 2018 & 2019
      2. Base Year – 2020
      3. Forecasted Years – 2021 to 2031
    4. Currency Used in the Report
  2. RESEARCH METHODOLOGY
    1. Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources
      2. Primary Sources
    4. Market Estimation Approach
      1. Bottom Up
      2. Top Down
    5. Market Forecasting Model
    6. Limitations and Assumptions
  3. PREMIUM INSIGHTS
    1. Current Market Trend (COVID-19 Perspective)
    2. Key Players & Their Competitive Positioning (2020)
  4. MARKET DYNAMICS
    1. Drivers
    2. Restraints/Challenges
    3. Opportunities
  5. GLOBAL PHARMACEUTICAL PACKAGING MARKET - ANALYSIS & FORECAST, BY TYPE OF MATERIAL
    1. Glass
    2. Plastics
    3. Rubbers
    4. Paper/Card Boards
    5. Metals
  6. GLOBAL PHARMACEUTICAL PACKAGING MARKET - ANALYSIS & FORECAST, BY PRODUCT TYPE
    1. Glass & Plastic Bottles
    2. Syringes
    3. Blister Packs
    4. Vials & Ampoules
    5. Tubes
    6. Caps & Closures
    7. Cardboard Boxes
    8. Other Product Types (Cartridges, Bags & Pouches, Pre-Fillable Inhalers, Pre-Fillable Syringes, Labels, and Others)

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Growth+ portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.

We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020.

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