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New report: The global pharmaceutical packaging market is expected to reach $86.4 billion by 2023

Medical Market Research

Trends, opportunities and forecast to 2023 by product (bottles, caps and closures, parenteral containers, blister packs, pre-fillable syringes, pre-fillable inhalers, pouches and others), material (plastic, glass, paper and paperboard, aluminum foil, and others), end user (pharmaceutical manufacturer and), and region (North America, Europe, Asia Pacific, and the Rest of the World)

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Pharmaceutical Packaging Market Re…petitive Analysis 

According to a new market report published by Lucintel, the future of the global pharmaceutical packaging market looks good, driven by growth of the pharmaceutical industry along with improving healthcare services in developing economies.

The global pharmaceutical packaging market is expected to reach an estimated $86.4 billion by 2023 and is forecast to grow at a CAGR of 5.5% from 2018 to 2023. In this market, plastic, glass, paper, and aluminum foil are the main material types.

On the basis of comprehensive research, Lucintel forecasts that plastic packaging is expected to witness significant growth over the forecast period because plastic is lightweight and easy to handle.

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Plastics also have a superior aesthetic value and an excellent barrier against moisture and air.

Browse 92 market data Tables and 112 Figures spread through 188 Pages and in-depth TOC on "Pharmaceutical Packaging Market"…t-2018-2023.aspx

Within the global pharmaceutical packaging market, bottles are expected to remain the largest product type driven by increased application in both solid and liquid oral medications as bottles provide convenience, safety, and security.

North America is expected to remain the largest region because of its large pharmaceutical manufacturing base, and the ability to introduce technological advancements to pharmaceutical packaging.   

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APAC is expected to witness the highest growth rate over the forecast period due to increased construction of pharmaceutical packaging manufacturing plants, stronger prevention of counterfeit pharmaceutical products, and the large population base.

Emerging trends, which have a direct impact on the dynamics of the industry, include rising demand for eco-friendly packaging, increasing use of nano-enabled packaging, and increasing adoption of blow-fill-seal technology. Amcor Ltd., Gerresheimer AG, West Pharmaceutical Services, Inc., AptarGroup, Inc., and Becton Dickinson are among the major suppliers of the pharmaceutical packaging market.

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The study includes a forecast for the global pharmaceutical packaging market by product, material, end user, and region, as follows:

By Product Type [Value ($ Million) from 2012 to 2023]:

  • Bottles
  • Caps & Closures
  • Parenteral Containers
  • Blister Packs
  • Pre-Fillable Syringes
  • Pre-Fillable Inhalers
  • Pouches
  • Others

By Material Type [Value ($ Million) from 2012 to 2023]:

  • Plastics
  • Paper and Paperboard
  • Glass
  • Aluminum Foil
  • Others

By End user [Value ($ Million) from 2012 to 2023]:

  • Pharmaceutical Manufactures
  • Contract Packaging

By Region [Value ($ Million) from 2012 to 2023]:

  • North America
  • Europe
  • APAC
  • ROW

This 188-page research report will enable you to make confident business decisions in this globally competitive marketplace. 

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Lucintel – Global Management Consulting & Market Research FirmLucintel – Global Management...
Category: Market Research Publishers and RetailersCompany about: Lucintel, the premier global market research and management consulting firm creates your equation for growth - whether you need to understand market dynamics, identify new opportunities or increase your profitability. Lucintel team of trusted industry experts for materials and manufacturing industries have executed over hundreds of consulting projects for clients, ranging from small, emerging organizations up to multinational companies such as 3M, Audi, BASF, Cytec, DSM, Eastman, GE, H ...