Pharmaceutical Packaging Market Set to Soar Past USD 249.41 Billion by 2030
The global Pharmaceutical Packaging market size is expected to reach USD 249.41 billion by 2030 and exhibit a CAGR of 9.9% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing global healthcare expenditure, rising demand for innovative and child-resistant packaging solutions, stringent regulatory requirements for drug packaging, growing awareness about product safety and authenticity, expanding pharmaceutical production, and the need for extended shelf-life and stability of medicines. Additionally, the rise in generic drug manufacturing, advancements in pharmaceutical technologies, and the push for sustainable and eco-friendly packaging options are also contributing factors fueling the market’s growth.
Westford, USA, Jan. 02, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Pharmaceutical Packaging Market, increased adoption of smart packaging solutions, such as RFID tags and QR codes, for better traceability and patient engagement. The growing demand for sustainable packaging materials and eco-friendly practices is also on the rise, driven by environmental concerns. Personalized medicine packaging and the use of automation and robotics in packaging processes are gaining prominence, improving efficiency and reducing errors are the trends that aid in the market’s growth.
Browse in-depth TOC on “Pharmaceutical Packaging Market”
- Pages – 157
- Tables – 65
- Figures – 77
Pharmaceutical packaging is the process of designing and manufacturing containers and closures for pharmaceutical products. It plays a vital role in protecting the product from damage and contamination, ensuring its quality and safety, and providing information to patients and healthcare professionals.
Get a sample copy of this report:
Prominent Players in Pharmaceutical Packaging Market
- Amcor plc
- AptarGroup, Inc.
- Becton, Dickinson, and Company
- Berry Global
- Catalent, Inc.
- Gerresheimer AG
- IDEX Corporation
- Marchesini Group
- Nelipak Healthcare
- Origin Pharma Packaging
- Schott AG
- Sainty International Group
- West Pharmaceutical Services, Inc.
Primary packaging Demand to Grow Substantially in the Forecast Period
Primary packaging dominate the global online market as primary packaging materials like bottles, vials, and blister packs come into direct contact with pharmaceutical products. This direct interaction necessitates stringent quality standards, which often require specialized materials and designs to maintain drug efficacy and safety.
Browse summary of the report and Complete Table of Contents (ToC):
Oral Medications is the Leading Application Segment
In terms of application, the oral medications is the leading segment as it includes tablets and capsules, constitute a substantial portion of pharmaceutical products globally. These medications are commonly prescribed for a wide range of medical conditions, making them a staple in the pharmaceutical industry.
North America is the leading Market Due to the Large Pharmaceutical Industry Presence
Region-wise, North America is one of the largest growing markets with a large pharmaceutical industry presence. The region has well-established healthcare systems with a high demand for pharmaceutical products. Additionally, an aging population often requires more medication, further fueling the pharmaceutical industry and the need for packaging.
A recent report thoroughly analyzes the major players operating within the Pharmaceutical Packaging market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Pharmaceutical Packaging.
Speak to Analyst for your custom requirements:
Key Developments in Pharmaceutical Packaging Market
- In January 2023, Kroger partnered with Instacart to offer same-day delivery to more customers.
- In February 2023, Walmart Grocery partnered with DoorDash to offer delivery from more than 1,000 stores.
Key Questions Answered in Pharmaceutical Packaging Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
Related Reports in SkyQuest’s Library:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
1 Apache Way, Westford, Massachusetts 01886
USA (+1) 617-230-0741
Email: [email protected]
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.