Pharmaceutical Packaging Market Major Companies Operating in the Globally by 2027, Fortune Business Insights™
The global pharmaceutical
packaging market size is
expected to reach USD 153.93 billion by 2027, exhibit a CAGR of 6.4% during the
forecast period. The growing adoption of
novel and generic drugs in
developing countries will have an excellent impact on the global market, states
Fortune Business Insights, in a report, titled “Pharmaceutical Packaging Market Size, Share & Industry Analysis, By
Material(Plastics, Glass, Metal, Paper & Paperboard,), By Product (Plastic
Bottles, Caps & Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes,
Vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters,
Cartridges,), By Packaging Type (Primary, Secondary, and Tertiary), By Drug
Delivery Mode), and Regional Forecast, 2020-2027.”
The pharmaceutical
packaging market size stood at USD 90.23 Billion in 2019.
The coronavirus
incident has caused massive loss and disruption to various industries across
the globe. We understand that this health disaster has negatively impacted
various sectors across the globe. Rising support from governments and several
companies can help in the fight against this highly infectious virus. There are
some industries that are struggling and some are thriving. More or less, nearly
every sector is estimated to be impacted by this pandemic.
We are making
endless efforts to uplift businesses in this crucial need of the hour. Our
expertise and experience can offer enormous benefits to help regain this global
pandemic.
The report on the pharmaceutical packaging market
encompasses:
·
Grander analysis of the market
·
Important insights into the competitive
landscape
·
Factors restricting
market growth
·
Recent trends and
development
·
Prime factors
enabling growth
Market Driver:
Booming
Pharmaceutical Industry to Boost Market
The flourishing pharmaceutical
industry in developing nations such as China, India, and Brazil and developed
economies such as the US, UK, and Germany will spur lucrative opportunities for
the market during the forecast period. The increasing technological
advancements and healthcare spending will contribute positively to the market
growth. The growing healthcare awareness along with mandatory government
regulations to curb the spread of infectious diseases will have a tremendous
effect on the market. Moreover, the inflated demand for biological products and
emerging treatments like cell and gene therapies will further enable the speedy
expansion of the market.
Pharmaceutical
Industry to Remain Unaffected During COVID-19 Pandemic
The coronavirus has disrupted various
industries, resulting in the shortage of laborers & raw materials, distraught
production processes, as well as transportation and logistics. However, the
pharmaceutical industry remained unaffected owing to the government's support
for the supply of essential drugs and goods. Pharmaceutical industries remained
operational throughout the pandemic to manufacture healthcare products. The
government backing for COVID kits and masks further encouraged packaging
companies to accelerate their business amid the pandemic. The ongoing automated
operations have increased sales in recent years, in turn, promoting the growth
of the market.
Browse summary:
https://www.fortunebusinessinsights.com/pharmaceutical-packaging-market-102860
Regional Analysis:
Heavy Demand for Packaging Products to Aid Expansion in North America
The market in North America is expected to
hold the largest share during the forecast period owing to the rapidly
flourishing pharmaceutical
industry. The increasing demand for packaging products will further enable
speedy expansion in the region. The growing healthcare spending and rising
prevalence of diseases will further spur demand in the region. The increasing
utilization of pharmaceutical products such as plastic bottles &
containers, vials & ampoules, and pre-fillable syringes will bolster the healthy
growth of the market in North America. Asia Pacific is expected to hold a
significant share in the global market owing to the growing pharmaceutical
industry in countries such as China, Japan, and India. The rising investments
by pharmaceutical manufacturing companies will contribute positively to the
market growth.
Key
Development:
June 2020: SCHOTT announced agreements with
leading pharmaceutical companies, including partners of ‘Operation Warp Speed’
to deliver 2 billion doses of pharma vials packaging to COVID-19 vaccines
The Report
Lists the Key Companies in the Pharmaceutical
Packaging Market:
·
Origin Pharma
Packaging (UK)
·
Nelipak
Healthcare (Alberta)
·
Pharma Packaging
Solutions (TN)
·
Becton Dickinson
& Company (US)
·
West
Pharmaceutical Services, Inc. (US)
·
Carcano Antonio
S.p.A. (Italy)
·
Lonza Group AG
(Switzerland)
·
ALPLA-Werke
Alwin Lehner GmbH & Co KG (Austria)
·
Constantia
Flexibles (Austria)
·
CCL Industries
Inc. (Canada)
·
Others
Request a sample PDF ( includes
COVID-19 Impact Analysis):
About Us:
Fortune Business
Insights™ delivers accurate data and innovative corporate analysis, helping
organizations of all sizes make appropriate decisions. We tailor novel
solutions for our clients, assisting them to address various challenges
distinct to their businesses. Our aim is to empower them with holistic market
intelligence, providing a granular overview of the market they are operating
in.
Contact Us:
Fortune Business
Insights™ Pvt. Ltd.
308, Supreme
Headquarters,
Survey No. 36,
Baner,
Pune-Bangalore
Highway,
Pune - 411045,
Maharashtra, India.
Phone:
US :+1 424 253
0390
UK : +44 2071
939123
APAC : +91 744
740 1245
Email:
sales@fortunebusinessinsights.com
Connect us via Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Great post! Thank you for your wonderful post. I love reading your thoughts and hope to hear from you again soon.Very interesting & informative post may help me in my next post.You can also find the best packaging companies in dubai uae.
ReplyDelete