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Pharmaceutical Packaging market 2020 opportunities, 8.21% CAGR, market share, size, Regions, revenue, Types, Applications & Forecast

Post Time:Jul 31,2020Classify:Industry NewsView:955

Global “Pharmaceutical Packaging Market" 2020 Provides Market Share, CAGR, Production, Consumption, Revenue, Gross Margin, Price And Market Manipulating factors of the Pharmaceutical Packaging industry in global regions. This report is comprehensive numerical analyses of the Pharmaceutical Packaging business and provides data for making strategies to increase the market growth and success. The Report also estimates the market size, Price, Revenue, Gross Margin and Market Share, cost structure and growth rate for decision making.

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, limitations, opportunities, and threats. This information can help shareholders to make suitable decisions before investing.

Top Key Manufacturers of Pharmaceutical Packagingmarket:

  • Amcor Group

  • CCL Industries

  • Rexam PLC

  • Gerresheimer AG

  • Aptar Group Inc.

  • Becton Dickinson and Company

  • Schott AG

  • West Pharmaceutical Services Inc.

  • Intrapac Group

  • Meadwestvaco Corporation

  • Klockner Pentaplast

  • Capsugel Inc.

  • Wihuri Group

  • Nypro Group

  • Sonoco Products Company

Brief Description about Pharmaceutical Packaging market:

The global pharmaceutical packaging market was valued at USD 62.754 billion in 2017 and is projected to reach a value of USD 100.76 billion by 2023, at a CAGR of 8.21% over the forecast period, 2018-2023.


Pharmaceutical packaging prevents complex pharmaceuticals from being contaminated by external toxins and microbial activities, to ensure safety, and simultaneously extending the shelf life of the products. Drug manufacturers are bound by international compliance jurisdictions enforced by regulatory authorities, which maintain that packaging is a crucial element in the process of drug delivery up until the final point of purchase. Several raw materials, such as glass, plastic resins, paper and paperboard, and aluminum, find application in the production of pharmaceutical packaging, in the form of bottles, containers, blister packs, caps, closures, syringes, and tubes.

Nanotechnology is Expected to Have a Profound Impact on the Packaging Market
Nanotechnology has created a significant impact on the drug delivery industry with its ability to control molecules and supramolecular structures in the process of developing medical devices with automatic functions. Conventional nanoparticles, polymeric micelles, and liposomes are called nanovehicles and are used in an array of medication. The advent of new drug delivery systems and development of new biochemical compounds have not only resulted in a need for enhanced protection against factors, such as moisture, light, oxygen, and mechanical forces but also for packaging forms to play a more integral role in the drug delivery process.

Plastics are the Most Pre-dominantly Used Raw Material in Pharmaceutical Packaging
Plastic has exceptional barrier properties, is chemically inert, and can be used to create attractive packages with aesthetic appeal that helps in the marketing and promotion of the drug. Though environmental concerns are growing, and more countries are formulating strict regulations for the use of plastic for packaging, the advent of effective recycling procedures is enabling the material to stay relevant in the market. Concerns about its chemical properties are challenging the growth of plastic as a primary packaging material. Plastic bottles will continue to have the highest market share among primary pharmaceutical containers, reflecting its heavy use in bulk and prescription dose packaging of oral ethical drugs and the packaging of solid dose oral and over-the-counter medicines in large quantities.

North America Occupied Major Market Share

The pharmaceutical packaging market in the United States is a major contributor to the nation's overall economy. Advances in pharmaceutical packaging in the country are focused on improving the barrier properties of the packaging material. There is a need for constant innovation in the US market, as stringent regulations by agencies, such as the FDA, require manufacturers to comply with stringent regulations while packaging drugs in the region. The United States accounts for a majority of the market demand in the region, while Canada comes second to the highly dynamic market scenario.

The market players include - AMCOR GROUP, CCL INDUSTRIES, REXAM PLC, GERRESHEIMER AG, APTAR GROUP, INC., BECTON DICKINSON and COMPANY, SCHOTT AG, WEST PHARMACEUTICAL SERVICES, INC., INTRAPAC GROUP, MEADWESTVACO CORPORATION, KLOCKNER PENTAPLAST, CAPSUGEL INC., WIHURI GROUP, NYPRO GROUP, and SONOCO PRODUCTS COMPANY, amongst others.

Source: https://www.marketwatch.com/Author: shangyi

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