July 22, 2020
As per the research report titled ‘Global Pharmaceutical Packaging Market Analysis, 2020’, available with Market Study Report LLC, global pharmaceutical packaging market is expected to register a CAGR of 5.8% over 2020-2025.
Increasing investments made by companies to suffice the demand for medicinal packaging, and expansion in facilities by market majors are slated to drive the growth of global pharmaceutical packaging market.
The report bifurcates global pharmaceutical packaging market based on type terrain, drug delivery mode, material used, end-user spectrum, and regional landscape.
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Based on type terrain, global pharmaceutical packaging market is categorized into vial & cartridges, plastic bottles, bags & pouches, ampoules, blisters, and others. On the basis of drug delivery mode, the market is divided into oral drug, topical drug, transdermal drug, injectable packaging, pulmonary drug, ocular drug, nasal drug, and others.
Speaking of the materials used, the plastics & polymer segment held majority market share due to its extensive applications in nebulizers, bags, cartridges, bottles, metered dose inhalers, dry powder, and pre fillable syringes. Also, the paper segment is gaining popularity owing to its eco-friendly nature and widespread acceptance of bio-degradable paper.
Moving on to the end-user spectrum, the market is divided into contract packaging, and pharmaceutical manufacturing. Among these, the latter segment is contributing substantially to the market growth due to rising demand for better healthcare facilities, and ever-increasing population. Parallelly, surging inclination towards outsourcing packaging to contractors is anticipated to stimulate the contract packaging market growth.
Considering the regional landscape, global pharmaceutical packaging market is classified into North America, South America, Asia-Pacific, Europe, and Middle East & Africa.
Key players operating in global pharmaceutical packaging market are Amcor Plc, Schott AG, Berry, Gerresheimer AG, West Pharmaceutical Services, Inc., WestRock, Drug Plastics & Glass Co. Inc., Comar LLC, CCL Industries Inc., SGD S.A., and Nipro Corporation among others.