According to a new market report published by Lucintel, the future of the global pharmaceutical packaging market looks good, driven by growth of the pharmaceutical industry along with improving healthcare services in developing economies. The global pharmaceutical packaging market is expected to reach an estimated $91 billion by 2024 and is forecast to grow at a CAGR of 5.5% from 2019 to 2024. In this market, plastic, glass, paper, and aluminum foil are the main material types. On the basis of comprehensive research, Lucintel forecasts that plastic packaging is expected to witness significant growth over the forecast period because plastic is lightweight and easy to handle. Plastics also have a superior aesthetic value and an excellent barrier against moisture and air.
Browse 92 market data tables and 112 figures spread through 188 pages and in-depth TOC on “Pharmaceutical Packaging Market"
To download report brochure, please go to https://www.lucintel.com/pharmaceutical-packaging-market.aspx and click "report brochure" tab from the menu .
Within the global pharmaceutical packaging market, bottles are expected to remain the largest product type driven by increased application in both solid and liquid oral medications as bottles provide convenience, safety, and security.
North America is expected to remain the largest region because of its large pharmaceutical manufacturing base, and the ability to introduce technological advancements to pharmaceutical packaging.
APAC is expected to witness the highest growth rate over the forecast period due to increased construction of pharmaceutical packaging manufacturing plants, stronger prevention of counterfeit pharmaceutical products, and the large population base.
Emerging trends, which have a direct impact on the dynamics of the industry, include rising demand for eco-friendly packaging, increasing use of nano-enabled packaging, and increasing adoption of blow-fill-seal technology. Amcor Ltd., Gerresheimer AG, West Pharmaceutical Services, Inc., AptarGroup, Inc., and Becton Dickinson are among the major suppliers of the pharmaceutical packaging market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global pharmaceutical packaging market by product, product, material, end user, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Pharmaceutical Packaging Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global pharmaceutical packaging market by product, material, end user, and region, as follows:
By Product Type [Value ($ Million) from 2013 to 2024]:
Bottles
Caps & Closures
Parenteral Containers
Blister Packs
Pre-Fillable Syringes
Pre-Fillable Inhalers
Pouches
Others
By Material Type [Value ($ Million) from 2013 to 2024]:
Plastics
Paper and Paperboard
Glass
Aluminum Foil
Others
By End user [Value ($ Million) from 2013 to 2024]:
Pharmaceutical Manufactures
Contract Packaging
By Region [Value ($ Million) from 2013 to 2024]:
North America
Europe
APAC
ROW
This 188-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pharmaceutical-packaging-market.aspx or helpdesk@lucintel.com.
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