Lucintel Forecasts Pharmaceutical Packaging Market To Reach $107.7 Billion By 2027

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According to the recent study the pharmaceutical packaging market is projected to reach an estimated $107.7 billion by 2027 from $72.4 billion in 2021, at a CAGR of 6.8% from 2021 to 2027. Growth in this market is primarily driven by increasing pharmaceutical sales and increasing technological advancements in pharmaceutical packing solutions.
Browse 129 figures / charts and 102 tables in this 166 -page report to understand trends, opportunities and forecast in pharmaceutical packaging market 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 manufacture and contract packaging), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Plastics market is expected to remain the largest segment during the forecast period.”
Based on material, the pharmaceutical packaging market is ...
... segmented into plastic, glass, paper and paperboard, aluminum foil, and others. Lucintel forecasts that the plastics market is expected to remain the largest segment due to because plastic is lightweight and easy to handle and plastic packaging is made of low-density polyethylene which increasingly using to store non-sterile pharmaceutical liquids.
“Within the pharmaceutical packaging market, the bottles segment is expected to remain the largest product type.”
Based on product type the bottles segment is expected to witness the highest growth over the forecast period due to the fact that bottles find increased application in solid and liquid oral medications; bottles also provide convenience, safety, and security for the medication.
“Asia pacific will dominate the pharmaceutical packaging market in near future.”
APAC is expected to witness the highest growth rate over the forecast period due to increasing set up of pharmaceutical packaging manufacturing plants, tackling counterfeit pharmaceutical products, and its large population base.
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Major players of pharmaceutical packaging market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Amcor Ltd., Gerresheimer AG, West Pharmaceutical Services, Inc., AptarGroup, Inc., andBecton Dickinson are among the major pharmaceutical packaging providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pharmaceutical-packaging-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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