Global Pharmaceutical Plastic Packaging Market Overview: 2020-2027

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Global Pharmaceutical Plastic Packaging Market Overview: 2020-2027

Global Pharmaceutical Plastic Packaging Market is anticipated to reach US $XX billion by 2027 from US$XX in 2019, recording the CAGR of XX% during the forecast period.

The packaging sector has come out as one of the highest growing industries over the past few years. Ever-expanding pharmaceutical, manufacturing, FMCG, and healthcare sectors are driving the demand for packaging products across the globe. Plastic packaging helps in protecting medicines from materialistic damage and contamination from the external environment. Hence, pharmaceutical plastic packaging holds a substantial share in the packaging industry, where the products are specifically designed to fulfill the packaging requirements for capsules, tablets, sterile injectable, solutions & suspensions, etc.

Global Pharmaceutical Plastic Packaging Market

The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived. The research report thus serves as an analysis and information for all aspects of the market, including, regional markets, technologies, by applications.
Global Pharmaceutical Plastic Packaging Market Dynamics:

Moreover, the rising demand for convenience packaging and growing concerns about product safety and security are further driving the global Pharmaceutical Plastic Packaging market growth. The growing prevalence of chronic diseases and expanding pharmaceutical industry are positively influencing the market. Pharma sales in the Asia Pacific and North America is forecasted to grow at 8.4% and 5% respectively in 2021. Moreover, increased spending on R&D, technological development & innovation in the packaging material, and rise in the generic market is further pushing the pharmaceutical plastic packaging market forward.

However, stringent government regulations over the use of plastic materials due to environmental protection, consumer safety concerns is hindering the market growth. Predominantly, the availability of substitutes for plastics such as glass and metal followed by fluctuation in raw material price is expected to limit the growth of the pharmaceutical plastic packaging market during the forecast period.

Similarly, Global Pharmaceutical Plastic Packaging Market drivers and restraints are covered in the MMR report by region since each region has different market dynamics. Demand drivers and restraints are covered in a separate chapter by keeping the user’s convenience in mind. Drivers are divided by demand-side drivers and supply-side.
Global Pharmaceutical Plastic Packaging Market Segment Analysis:

Plastic segment generated the highest share of US$ XX Mn in 2019.

Global Pharmaceutical Plastic Packaging Market

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Based on type, market is divided into primary pharmaceutical packaging, secondary pharmaceutical packaging, and tertiary pharmaceutical packaging. Primary pharmaceutical packaging is projected to lead the global pharmaceutical plastic packaging market over the forecast period attributed to the high availability of plastic bottles. As plastic bottles are suitable for the storage of drugs in liquid and solid forms to suit any specific applications such as nasal spray and ophthalmic drops, oral medicines, tablets, demand for the product is highest across the entire pharmaceutical industry.
Global Pharmaceutical Plastic Packaging Market Regional Insights:

Global Pharmaceutical Plastic Packaging Market 1

North America is expected to account for the largest market share of xx% during the forecast period.

Based on the geography, pharmaceutical plastic packaging market is classified into North America, Europe, South America, Asia-Pacific, and the Middle East & Africa. North America dominated the market in 2020 with total revenue of US$ XX Mn. and is expected to be the leading markets during the forecast period. A well-established healthcare infrastructure coupled with rising health consciousness among people is driving the market growth in the region. Major market share from North America originates from the U.S. and Canada.

Asia-Pacific is projected to have the fastest growth in the global pharmaceutical plastic packaging market over the forecast period. Expanding the pharmaceutical industry, growing awareness among the population, and an increase in the aging population are boosting the demand for medicines and healthcare facilities, ultimately driving the pharmaceutical plastic packaging market in the region. India’s pharmaceutical export stood at US$ 16 million in 2020. MEA and Europe is expected to witness a significant growth rate in the global pharmaceutical plastic packaging market.

The objective of the report is to present a comprehensive analysis of the Global Pharmaceutical Plastic Packaging Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Pharmaceutical Plastic Packaging Market dynamics, structure by analyzing the market segments and project the Global Pharmaceutical Plastic Packaging Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Pharmaceutical Plastic Packaging Market make the report investor’s guide.
Scope of Global Pharmaceutical Plastic Packaging Market: Inquire before buying

Global Pharmaceutical Plastic Packaging Market , by Type

• Primary Pharmaceutical Packaging
o Plastic Bottles
o Caps & Closures
o Parenteral Containers
o Blister Packs
o Prefillable Inhalers
o Pouches
o Medication Tubes
o Others
• Secondary Pharmaceutical Packaging
o Prescription Containers
o Pharmaceutical Packaging Accessories
• Tertiary Pharmaceutical Packaging
Global Pharmaceutical Plastic Packaging Market , by Material

• Polypropylene
• Polyester
• Polyvinyl Chloride
• Polyethylene
• Others
Global Pharmaceutical Plastic Packaging Market , by Application

• Liquid
• Droppers
• Oral Care
• Topical Medication
Global Pharmaceutical Plastic Packaging Market ,by Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Global Pharmaceutical Plastic Packaging Market Major Players

• Amcor Ltd.
• MeadWestvaco Corporation
• RPC Group
• COMAR, LLC
• Capsugel Inc.
• AptarGroup, Inc.
• Nipro Corporation
• West Pharmaceutical Services, Inc.
• Schott AG
• Gerresheimer AG
• O.Berk Company, LLC
• Becton
• Dickinson and Company
• Catalent, Inc.
• Owens-Illinois
• Berry Plastics Group, Inc.
• Pretium Packaging Corporation
• Tim Plastics, Inc.

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