Global pharmaceutical market was valued at US$ 74.57 billion in 2016, according to Global Pharmaceutical Packaging Market Report by Material (Plastic & Polymers, Aluminum Foil, Glass and Others), by Product Type (Plastic Bottles, Blister Packs, Pre-Fillable Syringes and Others), by End-Use Industry (Pharmaceutical Manufacturing, Retail Pharmacies, Contract Packaging and Others), by Livestock (Poultry, Porcine, Equine and Others) published by Coherent Market Insights. The pharmaceutical packaging market is expected to register a CAGR of 7.76% over the forecast period (2017-2025) to reach US$ 144.00 Billion by 2025.
The major factors propelling the growth of this market at the global level include rising demand for ecofriendly and biodegradable packaging, and increasing demand for pre-fillable syringes since they are associated with various advantages such as reduced drug wastage, convenience and easy drug administration.
Factors hindering the growth of the market include fluctuating prices of the raw materials used for manufacturing pharmaceutical packaging products and increasing sale of counterfeit medicines.
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Browse 150 market data tables* and 90 figures* on "Pharmaceutical Packaging Market” - Global forecast to 2025.
Key Trends and Analysis of Pharmaceutical Packaging Market:
Key Takeaways of the Market:
Major players operating in the market of pharmaceutical packaging include Amcor Limited, Berry Plastics Corporation, MeadWestvaco Corporation, Becton Dickinson and Company, Owens-Illinois Inc., West Pharmaceuticals Services Inc., Schott Pharmaceuticals Services Inc., RPC Group Plc and Graphic Packaging International Inc.
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