The growth of the global pharmaceutical packaging market is attributed to increase in product innovations and merger & acquisition to support new demands majorly drives the market growth. Furthermore, surge in emerging generic drug market and, rapidly growing drug delivery market, and increase in R&D and use of innovative packaging further contribute toward the growth of the market
Pharmaceutical Packaging Market by Product Type (Parenteral Containers, Plastic Bottles, Blister Packaging, Closures,
Specialty Bags, Labels, and Others), Material (Glass, Aluminum Foils, Plastics and Polymers, Paper & Paperboards, and
Others): Opportunity Analysis and Industry Forecast, 2020–2027
Pharmaceutical Packaging Market 2027:
Expeditious Growth Expected In Coming Years –
Claims Allied Market Research
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The global pharmaceutical packaging market was valued at
$88,880 million in 2019, and is projected to reach $144,233
million by 2027, registering a CAGR of 6.1% from 2020 to
Pharmaceutical packaging is the packages and the
packaging processes for pharmaceutical preparations. It
involves all of the operations from production through drug
distribution channels to the end consumer.
In terms of revenue, the global Pharmaceutical Packaging Market is
segmented on the basis of Product, Material type and region.
By Product – The plastic bottles segment is accounted to dominate the
market share in 2019 as plastic bottles have always been the preferred
mode of packaging tablets and capsules. Wide usage of plastic bottle for
packaging liquid dosages, like syrups, nasal, and ophthalmic medicat