The global pharmaceutical plastic packaging market is poised for remarkable growth, with the net worth of total pharmaceutical plastic packaging products expected to reach US$ 54,820.9 million in the year 2023. According to a recent analysis report, the market is projected to progress at a robust CAGR of 5.8% between 2023 and 2033, reaching a net valuation of US$ 96,339.2 million by 2033.
Request For a Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-12419
Key Drivers of Market Growth:
- Medication Development: The increasing development of various medications and drugs globally is driving the demand for pharmaceutical plastic packaging solutions. Pharmaceutical companies are increasingly investing in custom packaging solutions to meet the requirements for both domestic and international markets.
- Prevalence of Chronic Diseases: The rising prevalence of chronic diseases worldwide has further fueled the demand for pharmaceutical products, leading to increased adoption of pharmaceutical plastic packaging solutions for the safe and efficient storage and transportation of medications.
Key Takeaways from the Pharmaceutical Plastic Packaging Market Study Report
- The United States pharmaceutical plastic packaging market is expected to witness consistent growth of 3.6% in the forecast period, owing to rising demand after the pandemic.
- East Asia has emerged as the most lucrative market for pharmaceutical plastic packaging and is expected to create an incremental opportunity of nearly US$ 12 billion by 2030.
- Among the different types of products, plastic bottles rule the roost by contributing 40% market share, followed by caps & closures.
- Primary packaging witnesses the highest demand as it comes in direct contact with the drug. Secondary and tertiary packaging implies the packaging of different groups of primary packaging.
- The next generation of prefilled syringes and cartridges is expected to outbid demand for expensive intravenous infusions (IV infusions) during the forecast period. Such advancements may lead to significant momentum in the production and sales of pharmaceutical plastic packaging going forward.
- Also, Zip-lock bags and pouches are gaining significant traction in the global market as it requires skill to slide a zipper and access the content. Further, the flap provided on the zipper covers it completely when the bag is not in use making it higher in demand these days. It could be quite lucrative for drug packaging solution providers to increase their production capacity and market position in the coming days.
Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/12419
Key Segments Covered
By Product:
- Plastic Bottles
- Caps & Closures
- Pre-fillable Inhalers
- Pre-fillable Syringes
- Ampoules & Vials
- Blister Packs
- Bags & Pouches
- Jars & Canisters
- Cartridges
- Other Products
By Material Type
- Polyethylene (PE)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polyamide (PA)
- Cyclo-olefin Polymer (COP)
- Cyclo-olefin Copolymer (COC)
- Other Materials
By Packaging Type:
- Flexible Packaging
- Rigid Packaging
By Drug Delivery Mode:
- Oral Drug Delivery Packaging
- Injectable Packaging
- Topical Drug Delivery Packaging
- Pulmonary Drug Delivery Packaging
- Transdermal Drug Delivery Packaging
- Ocular Drug Delivery Packaging
- Nasal Drug Delivery Packaging
- Other Drug Delivery Packaging
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
