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Global Pharmaceutical Packaging Market is Projected to Register a Healthy CAGR by 2026

Post Time:Jul 19,2019Classify:Industry NewsView:1213

Packaging can be defined as an economical means of providing presentation, protection, identification information, containment, convenience and compliance for a product during storage, carriage, display and until the product is consumed. Packaging must provide protection against climatic conditions biological, physical and chemical hazards and must be economical.


Global Pharmaceutical Packaging Market is expected to reach 85,368.1 million by 2024 at a CAGR of 6.7% With Top Players like Gerresheimer AG, Becton, Dickinson and Company and other players operating in this market are include Schott AG, AptarGroup, Inc., BAUSCH + STRÖBEL, ROBERT BOSCH GMBH, Lonza and DuPont.


Key Drivers: Global Pharmaceutical Packaging Market

The major factors driving the growth of this market are rapid growth of the pharmaceutical industry globally, increasing demand for drug delivery devices & blister packaging; technological advancements are boosting the growth of the global pharmaceutical packaging market. On the other hand, environmental concerns and recycling issues, growing cost of raw materials, stringent regulations set by various governing bodies may hinder the growth of the market.


Global Pharmaceutical Packaging Market By Product Type (Plastic Bottles, Blister Packaging, Drug Delivery Devices, Labels & Accessories, Caps & Closures, Secondary Containers, Pouches & Strips, Others) By Application (Drug Delivery, Veterinary Vaccines), By Raw Material (Plastics, Paper and Paper board, Metals, Glass, Others ) By Purchase Organization (Manufacturer, Packaging Companies, Government Agencies) – Industry Trends and Forecast to 2024


Key Points: Global Pharmaceutical Packaging Market

The Amcor Limited is going to dominate the global pharmaceutical packaging followed by Gerresheimer AG, Becton, Dickinson and Company and other players operating in this market are include Schott AG, AptarGroup, Inc., BAUSCH + STRÖBEL, ROBERT BOSCH GMBH, Lonza and DuPont.


The major factors driving the growth of this market are rapid growth of the pharmaceutical industry globally, increasing demand for drug delivery devices & blister packaging; technological advancements are boosting the growth of the global pharmaceutical packaging market. On the other hand, environmental concerns and recycling issues, growing cost of raw materials, stringent regulations set by various governing bodies may hinder the growth of the market.


Source: https://risemedia.netAuthor: shangyi

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