Pharmaceutical packaging market will exhibit a CAGR of 6.0% and reach USD 142.59 billion by 2027, and the market value as per 2019 was USD 90.23 billion .
Fortune Business Insights™ in its report, titled "Pharmaceutical Packaging Market Size, Share & Industry Analysis, By Material (Plastics, Glass, Metal, Paper & Paperboard), By Product (Plastic Bottles, Caps & Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters, Cartridges), By Packaging Type (Primary, Secondary, and Tertiary), By Drug Delivery Mode (Oral Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Pulmonary Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Nasal Drug Delivery Packaging), and Regional Forecast, 2019-2026".
Pharmaceutical Packaging Market Drivers and Restraints :
Estimates released by the Population Division of the UN Department of Economic and Social Affairs (DESA) indicate that the number of persons at or above 60-years of age will reach 2.1 billion by 2050. Moreover, by the end of this decade itself older persons will outnumber children under the age of 10. Pharmaceutical packaging products are likely to experience high demand in this scenario as the uptake of drugs and their delivery mechanisms will inevitably spike as larger number of people get older at a faster rate. Moreover, novel packaging solutions such as prefilled inhalers and syringes can enable older persons to self-administer the drugs, eliminating the need to visit a hospital or clinic.
List of Significant Manufacturers Pharmaceutical Packaging Market are:
• CCL Industries Inc. (Canada)
• ALPLA-Werke Alwin Lehner GmbH & Co KG (Austria)
• SABIC (Saudi Arabia)
• NIPRO (Japan)
• AptarGroup, Inc. (US)
• West Pharmaceutical Services, Inc. (US)
• Schott AG (Germany)
• Nelipak Healthcare (Canada)
• Gerresheimer AG (Germany)
• Frank Noe Egypt Ltd (Egypt)
• Constantia Flexibles (Austria)
• Lonza Group AG (Switzerland)
• Carcano Antonio S.p.A. (Italy)
• Berry Global, Inc. (US)
• WestRock (US)
• Becton Dickinson & Company (US)
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/pharmaceutical-packaging-market-102860
Some of the key industry developments in the Pharmaceutical Packaging Market Include:
• January 2020: UK-based Origin Pharma Packaging introduced a packaging solution exclusively designed and developed for the medicinal cannabis industry. The novel solution is available in a child-resistant jar to ensure safety of children from the product. The company also aims at supporting medicinal cannabis start-ups in the country with the launch of this packaging solution.
Fortune Business Insights™ in its report, titled "Pharmaceutical Packaging Market Size, Share & Industry Analysis, By Material (Plastics, Glass, Metal, Paper & Paperboard), By Product (Plastic Bottles, Caps & Closures, Pre-Fillable Inhalers, Pre-Fillable Syringes, Vials & Ampoules, Blister Packs, Bags & Pouches, Jars & Canisters, Cartridges), By Packaging Type (Primary, Secondary, and Tertiary), By Drug Delivery Mode (Oral Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Pulmonary Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Ocular Drug Delivery Packaging, Nasal Drug Delivery Packaging), and Regional Forecast, 2019-2026".
Pharmaceutical Packaging Market Drivers and Restraints :
Estimates released by the Population Division of the UN Department of Economic and Social Affairs (DESA) indicate that the number of persons at or above 60-years of age will reach 2.1 billion by 2050. Moreover, by the end of this decade itself older persons will outnumber children under the age of 10. Pharmaceutical packaging products are likely to experience high demand in this scenario as the uptake of drugs and their delivery mechanisms will inevitably spike as larger number of people get older at a faster rate. Moreover, novel packaging solutions such as prefilled inhalers and syringes can enable older persons to self-administer the drugs, eliminating the need to visit a hospital or clinic.
List of Significant Manufacturers Pharmaceutical Packaging Market are:
• CCL Industries Inc. (Canada)
• ALPLA-Werke Alwin Lehner GmbH & Co KG (Austria)
• SABIC (Saudi Arabia)
• NIPRO (Japan)
• AptarGroup, Inc. (US)
• West Pharmaceutical Services, Inc. (US)
• Schott AG (Germany)
• Nelipak Healthcare (Canada)
• Gerresheimer AG (Germany)
• Frank Noe Egypt Ltd (Egypt)
• Constantia Flexibles (Austria)
• Lonza Group AG (Switzerland)
• Carcano Antonio S.p.A. (Italy)
• Berry Global, Inc. (US)
• WestRock (US)
• Becton Dickinson & Company (US)
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/pharmaceutical-packaging-market-102860
Some of the key industry developments in the Pharmaceutical Packaging Market Include:
• January 2020: UK-based Origin Pharma Packaging introduced a packaging solution exclusively designed and developed for the medicinal cannabis industry. The novel solution is available in a child-resistant jar to ensure safety of children from the product. The company also aims at supporting medicinal cannabis start-ups in the country with the launch of this packaging solution.
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