Global Pharmaceutical Packaging Market is expected
to reach USD 158.8 billion by 2025,
according to a new report by Grand View Research, Inc. The growing demand for
pharmaceuticals coupled with increased emphasis on product packaging is
expected to drive market growth.
Pharmaceutical
packaging market comprises wide array of products. The demand for these
products is expected to grow rapidly on account of fortification of medicines
and drugs against exterior impacts. However, the packaging materials and
products need to bear the brunt of stringent government regulations and growing
market for counterfeit pharmaceuticals. Counterfeit pharmaceuticals are
expected to pose a major threat to manufacturers.
North America is a
dominant region in the market backed by thriving pharmaceutical industry and
rapid new product introduction. Asia Pacific is anticipated to grow rapidly on
account of rising pharmaceutical manufacturing in China and India. The growing
trend of contract packaging in the pharmaceutical industry is expected to
further augment market growth in Asia Pacific.
Full Research Report on Global Pharmaceutical Packaging
Market Analysis:
Further key findings from the report suggest:
- Aluminum foil material segment is
projected to grow at a CAGR of 7.2% from 2017 to 2025 owing to rising
demand for packaging of special purpose drugs.
- Paper and paperboard is the second
largest product segment and is expected to reach USD 40.83 billion by 2025
due to growing demand in secondary packaging products.
- Blister packs in the primary
pharmaceutical packaging product category is expected to grow at a CAGR of
9.2% from 2017 to 2025 on account of growing demand in oral drugs.
- The market share of Asia Pacific is
expected to reach 33% in 2025 owing to growing demand for pharmaceuticals
and presence of large number of plastic manufacturers
- The Middle East & Africa region is
expected to grow at a CAGR of 5.6% from 2017 to 2025 backed by growing
demand for medicines in Tanzania, Nigeria and South Africa.
- The market is highly dispersed due to
the presence of a large number of small and large manufacturers
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the Global
Pharmaceutical Packaging Market on the basis of material, product, end-use and
region:
Pharmaceutical Packaging Material Outlook (Revenue, USD Billion,
2014 - 2025)
- Plastics & Polymers
- HDPE
- Polyester
- LDPE
- PVC
- Paper & Paperboard
- Glass
- Aluminum Foil
- Others
Pharmaceutical Packaging Product Outlook (Revenue, USD
Billion, 2014 - 2025)
- Primary Packaging
- Plastic Bottles
- Caps & Closures
- Parenteral Containers
- Blister Packs
- Prefillable Inhalers
- Pouches
- Medication Tubes
- Others
- Secondary Packaging
- Prescription Containers
- Pharmaceutical Packaging Accessories
- Tertiary Packaging
Pharmaceutical Packaging End-use Outlook (Revenue, USD
Billion, 2014 - 2025)
- Pharmaceutical Manufacturing
- Contract Packaging
- Retail Pharmacy
- Institutional Pharmacy
- Others
Pharmaceutical Packaging Regional Outlook (Revenue, USD
Billion, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Central & South Africa
- Brazil
- Middle East & Africa
View press release of this research report by Grand View
Research:
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com