Global Pharmaceutical Packaging Market – Growth, Trends, And Forecast (2020 – 2023)
The report presents an in-depth assessment of the Global Pharmaceutical Packaging Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Pharmaceutical Packaging investments from 2020 till 2023.
The global pharmaceutical packaging market was valued at USD 62.754 billion in 2017 and is projected to reach a value of USD 100.76 billion by 2023, at a CAGR of 8.21% over the forecast period, 2018-2023.
The Global Pharmaceutical Packaging market is highly competitive and consists of a number of major players. Companies, like Amcor Group, CCL Industries, Rexam PLC, Gerresheimer AG, Aptar Group, Inc., Becton Dickinson & Company, Schott AG, West Pharmaceutical Services, Inc., Intrapac Group, Meadwestvaco Corporation, Klockner Pentaplast, Capsugel Inc., Wihuri Group, Nypro Group, Sonoco Products Company among others.
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Pharmaceutical packaging prevents complex pharmaceuticals from being contaminated by external toxins and microbial activities, to ensure safety, and simultaneously extending the shelf life of the products. Drug manufacturers are bound by international compliance jurisdictions enforced by regulatory authorities, which maintain that packaging is a crucial element in the process of drug delivery up until the final point of purchase. Several raw materials, such as glass, plastic resins, paper & paperboard, and aluminum, find application in the production of pharmaceutical packaging, in the form of bottles, containers, blister packs, caps, closures, syringes, and tubes.
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Key Market Trends
Nanotechnology is Expected to Have a Profound Impact on the Packaging Market
Nanotechnology has created a significant impact on the drug delivery industry with its ability to control molecules and supramolecular structures in the process of developing medical devices with automatic functions. Conventional nanoparticles, polymeric micelles, and liposomes are called nanovehicles and are used in an array of medication. The advent of new drug delivery systems and development of new biochemical compounds have not only resulted in a need for enhanced protection against factors, such as moisture, light, oxygen, and mechanical forces but also for packaging forms to play a more integral role in the drug delivery process.
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The key insights of the Pharmaceutical Packaging Market report:
- The report provides key statistics on the market status of the Pharmaceutical Packaging market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
- The Pharmaceutical Packaging market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates 2020-2023 market development trends of Pharmaceutical Packaging Market.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
- The report makes some important proposals for a new project of Pharmaceutical Packaging Industry before evaluating its feasibility.
Finally, Pharmaceutical Packaging Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Pharmaceutical Packaging industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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