Unveiling the Growth Potential of the Global Pharmaceutical Packaging Market| Expert Review Report

The pharmaceutical packaging industry encompasses the design, production, and distribution of packaging materials and solutions specifically tailored for pharmaceutical products. This involves protecting them from external factors such as light, moisture, air, and contamination, which can potentially degrade their potency or compromise their effectiveness. The Pharmaceutical Packaging Market size is projected to reach USD 229.9 billion by 2027 from USD 99.9 billion in 2021, at a CAGR of 14.9% during the forecast period.

Download PDF Brochure:?https://bit.ly/3ByLV4Y

It focuses on ensuring the protection, preservation, and secure delivery of medications, vaccines, and other healthcare essentials. The primary objective of pharmaceutical packaging is to safeguard the quality, efficacy, and safety of #pharmaceutical products throughout their lifecycle.

Browse?280 market data Tables and?47 Figures spread through?325 Pages and in-depth TOC on?"Pharmaceutical Packaging Market by Raw Material (Plastics, Paper & paperboard, Glass, Metal), Type (Plastic Bottles, Blisters, Caps & Closures, Labels & Accessories, Pre-filled syringes), Drug Delivery, and Region - Global Forecast to 2027"

Pharmaceutical Packaging Market?Scope and Importance:

??Product Protection:?Pharmaceutical packaging safeguards medications from external factors such as light, moisture, air, and contamination, ensuring their potency and effectiveness.

??Safety and Compliance:?Packaging materials adhere to stringent regulatory standards, providing tamper-evident features and child-resistant closures to prevent unauthorized access.

??Patient Convenience:?Packaging is designed for easy handling, accurate dosing, and clear instructions, enhancing patient adherence to prescribed treatments.

??Brand Differentiation:?Innovative packaging designs help pharmaceutical companies establish brand identity and stand out in a competitive market.

??Counterfeit Prevention:?Advanced packaging technologies incorporate anti-counterfeiting measures, such as holograms and unique identifiers, to combat the proliferation of counterfeit drugs.

Pharmaceutical Packaging Market Key Players

The key players in the pharmaceutical packaging market include SCHOTT Schweiz AG (Germany), Amcor PLC (Switzerland), AptarGroup,Inc (US), West Pharmaceutical Services , Inc. (US), Berry Global, Inc. (US), Gerresheimer AG (Germany), Catalent Pharma Solutions (US), and WestRock Company (US). These players have established a strong foothold in the market by adopting strategies, such as new product launches, investment & expansions, agreements, partnerships, and mergers & acquisitions.

Amcor Ltd. (Australia)?has gained a strong foothold in the pharmaceutical packaging market. It is focusing on organic growth and as such, has enhanced its product portfolio through various growth strategies, such as new product launches, investments, and expansions to meet the growing demand for pharmaceutical packaging from customers across the globe. In 2015, Amcor Ltd. launched Amcor opening feature (AOF), which provides special features, such as child resistant blister lidding. In 2015, the company acquired Zhongshan Tian Cai Packaging Company (China). This helped the company in increasing its productivity of printing and multilayer films for food, beverages, and pharmaceutical packaging.

Get 10% Free Customization on this Report:?https://bit.ly/3BxzUN3

Based on raw material, plastics is projected to register the highest CAGR during the forecast period

Plastics is projected to register the highest CAGR between 2022 and 2027. Plastics &polymers are widely used as raw materials for pharmaceutical packaging. Plastic provides freedom of design and cost-effective solution, making it a highly compatible solution for pharmaceutical packaging. Plastic is used widely in rigid pharmaceutical packaging for manufacturing various types of packaging such as bottles, jars, caps & closures. The exceptional shatter resistance provided by plastics enables ease of handling and transportation. In addition, plastics can be attributed to their easy moldability, strength, and effective barrier against gas and vapor.

Based on region, North America is estimated to be the largest market share for pharmaceutical packaging

North America is estimated to be the largest market share for pharmaceutical packaging in 2022. The rapid evolving pharmaceutical therapies, new pharmaceutical drug innovation and growing demand for smart packaging from pharmaceutical industries are driving the pharmaceutical packaging market in the region. The growing demand from the aging people, increase in chronic diseases such as diabetes, and commercialization of pharmaceuticals with huge government investment are also one of the major driving factors for the market.