According to a research survey conducted by ChemView Consulting, in 2022, the Global Pharmaceutical Packaging Market was worth US$ 93,900.0 Mn and is expected to grow at a CAGR of 7.4% over the forecast period. The market is expected to hit US$ 1,91,700.0 Mn by 2032 end.
Pharmaceutical producers are expected to gasoline the marketplace growth. Packaging merchandises are by and large applied for storing solid, liquid, and semisolid types of formulations, consisting of tablets, capsules, syrups, and topical drug formulations. The growing incidence of persistent sicknesses because of converting lifestyles, ingesting habits, and alternation in sleep cycles are contributing to an improved want for medications.
Companies are majorly focusing at the usage of Post-Consumer Recycled (PCR) fabric and also are growing packaging from compostable fabric to growth sustainability. Gerresheimer AG gives glass bottles crafted from PCR glass. In addition, the organization is providing bottles crafted from R-PET and BIO-PET (resins crafted from sugarcane plants). This fashion of sustainable packaging is predicted to seriously advantage tempo withinside the coming years.
Paper and paperboard are majorly utilized in secondary and tertiary packaging of pharmaceutical products. Excellent printability, low price, huge availability, and sustainability of paper and paperboard lead them to moneymaking secondary and tertiary packaging options. Paper-primarily based totally substances are frequently used as lidding in blister packs as a result of their low price as compared to aluminum lidding. International Paper and WestRock Company are a number of the main producers of paper-primarily based totally packaging.
Glass is impervious to gases, moisture, odors, and microorganisms, thus, is broadly hired withinside the packaging of liquid and semisolid pharmaceutical formulations. Glass is used for production injectable vials, syrup bottles, cartridges, syringes, and different products. Amber-coloured glass is majorly favored for pharmaceutical packaging because it absorbs the dangerous UV wavelengths and protects the drug treatments from getting damaged.
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A list of some of the key suppliers present in the market are:
- Amcor Plc
- Ardagh Group S.A.
- Becton, Dickinson, and Company
- UDG Healthcare plc
- Berry Global, Inc.
- Bilcare Limited
- Catalent, Inc.
- Clondalkin Group Holdings B.V.
- Constantia Flexibles Group GmbH
- Gerresheimer AG
- Klockner Pentaplast Group
- Mondi Group
- Nipro Corporation
- Piramal Glass Limited
- Schott AG
Report Coverage and Highlights
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil & gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical & materials landscape with our cutting-edge analytics and advisory services.
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