The
global pharmaceutical
packaging market is expected to reach USD 158.8 billion by 2025,
according to a new report by Grand View Research, Inc. The growing demand for
pharmaceuticals coupled with increased emphasis on product packaging is
expected to drive market growth.
Pharmaceutical
packaging market comprises wide array of products. The demand for these
products is expected to grow rapidly on account of fortification of medicines
and drugs against exterior impacts. However, the packaging materials and
products need to bear the brunt of stringent government regulations and growing
market for counterfeit pharmaceuticals. Counterfeit pharmaceuticals are
expected to pose a major threat to manufacturers.
North
America is a dominant region in the market backed by thriving pharmaceutical
industry and rapid new product introduction. Asia Pacific is anticipated to
grow rapidly on account of rising pharmaceutical manufacturing in China and
India. The growing trend of contract packaging in the pharmaceutical industry
is expected to further augment market growth in Asia Pacific.
Browse full research report on Pharmaceutical Packaging Market: https://www.grandviewresearch.com/industry-analysis/pharmaceutical-packaging-market
Further
key findings from the report suggest:
- Aluminum foil
material segment is projected to grow at a CAGR of 7.2% from 2017 to 2025
owing to rising demand for packaging of special purpose drugs.
- Paper and
paperboard is the second largest product segment and is expected to reach
USD 40.83 billion by 2025 due to growing demand in secondary packaging
products.
- Blister packs
in the primary pharmaceutical packaging product category is expected to
grow at a CAGR of 9.2% from 2017 to 2025 on account of growing demand in
oral drugs.
- The market
share of Asia Pacific is expected to reach 33% in 2025 owing to growing
demand for pharmaceuticals and presence of large number of plastic
manufacturers
- The Middle East
& Africa region is expected to grow at a CAGR of 5.6% from 2017 to
2025 backed by growing demand for medicines in Tanzania, Nigeria and South
Africa.
- The market is
highly dispersed due to the presence of a large number of small and large
manufacturers
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/pharmaceuticals
Grand
View Research has segmented the global pharmaceutical packaging market on the
basis of material, product, end-use and region:
Pharmaceutical
Packaging Material Outlook (Revenue, USD Billion, 2014 - 2025)
- Plastics
& Polymers
- HDPE
- Polyester
- LDPE
- PVC
- Paper &
Paperboard
- Glass
- Aluminum Foil
- Others
Pharmaceutical
Packaging Product Outlook (Revenue, USD Billion, 2014 - 2025)
- Primary
Packaging
- Plastic
Bottles
- Caps &
Closures
- Parenteral
Containers
- Blister
Packs
- Prefillable
Inhalers
- Pouches
- Medication
Tubes
- Others
- Secondary
Packaging
- Prescription
Containers
- Pharmaceutical
Packaging Accessories
- Tertiary
Packaging
Pharmaceutical
Packaging End-use Outlook (Revenue, USD Billion, 2014 - 2025)
- Pharmaceutical
Manufacturing
- Contract
Packaging
- Retail
Pharmacy
- Institutional
Pharmacy
- Others
Pharmaceutical
Packaging Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Central &
South Africa
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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