The global pharmaceutical packaging market size is expected to reach USD 153.93 billion by 2027, exhibit a CAGR of 6.4% during the forecast period.
The growing adoption of novel and generic drugs in developing countries will have an excellent impact on the global market, states Fortune Business Insights, in a 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), and Regional Forecast, 2020-2027.” The market size stood at USD 90.23 Billion in 2019.The coronavirus incident has caused massive loss and disruption to various industries across the globe.
Rising support from governments and several companies can help in the fight against this highly infectious virus.
More or less, nearly every sector is estimated to be impacted by this pandemic.We are making endless efforts to uplift businesses in this crucial need of the hour.
The Report Lists the Key Companies in the Pharmaceutical Packaging Market:Amcor Plc (Switzerland)Gerresheimer AG (Germany)Origin Pharma Packaging (UK)Nelipak Healthcare (Alberta)Pharma Packaging Solutions (TN)SCHOTT AG (Germany)Becton Dickinson & Company (US)West Pharmaceutical Services, Inc. (US)WestRock (US)AptarGroup, Inc. (US)Berry Global, Inc (US)NIPRO (Japan)Carcano Antonio S.p.A. (Italy)SABIC (Saudi Arabia)Lonza Group AG (Switzerland)ALPLA-Werke Alwin Lehner GmbH & Co KG (Austria)Constantia Flexibles (Austria)CCL Industries Inc. (Canada)Frank Noe Egypt Ltd (Egypt)GaplastGmbh (Altenau)OthersMarket Driver:Booming Pharmaceutical Industry to Boost Market The flourishing pharmaceutical industry in developing nations such as China, India, and Brazil and developed economies such as the US, UK, and Germany will spur lucrative opportunities for the market during the forecast period.
The government backing for COVID kits and masks further encouraged packaging companies to accelerate their business amid the pandemic.