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The pharmaceutical packaging market was valued at $68,749 million in 2015, and is expected to reach $104,882 million by 2022, growing at a CAGR of 6.3% from 2016 to 2022, according to a new report published by Allied Market Research. In 2015, plastic bottles and parenteral containers together occupied two-fifths of the total market share.Read More At: https://www.alliedmarketresearch.com/pharmaceutical-packaging-market Expansion of generic market, technological advancement, and strict governmental regulations for conventional packaging are major factors that drive the market growth. In addition, various technologies, such as RFIDs, temper-evident packs, holograms, labels, and special inks, are used to combat counterfeit medicines. Investments and innovations in R&D activities propel the market players to initiate manufacturing projects in eco-friendly and biodegradable packaging, which is expected to surge in near future. In addition, patent expiration of various medicated drugs is expected to fuel the pharmaceutical packaging market during the forecast period.
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Pharmaceutical Packaging Market Opportunities and Forecasts, 2014 - 2022 Published Date: Dec 2016 No of Pages: 86
PHARMACEUTICAL PACKAGING MARKET - OVERVIEW • The pharmaceutical packaging market was valued at $68,749 million in 2015, and is expected to reach $104,882 million by 2022, growing at a CAGR of 6.3% from 2016 to 2022, according to a new report published by Allied Market Research. • In 2015, plastic bottles and parenteral containers together occupied two-fifths of the total market share. Expansion of generic market, technological advancement, and strict governmental regulations for conventional packaging are major factors that drive the market growth. In addition, various technologies, such as RFIDs, temper-evident packs, holograms, labels, and special inks, are used to combat counterfeit medicines. • Investments and innovations in R&D activities propel the market players to initiate manufacturing projects in eco-friendly and biodegradable packaging, which is expected to surge in near future. In addition, patent expiration of various medicated drugs is expected to fuel the pharmaceutical packaging market during the forecast period. • Read More At:https://www.alliedmarketresearch.com/pharmaceutical-packaging-market
PHARMACEUTICAL PACKAGING MARKET – KEY FINDINGS • Asia-Pacific is expected to continue to dominate the market during the forecast period, followed by Europe. • Plastic bottles and parenteral containers together occupy two-fifths of the total share, in terms of revenue. • Middle East is expected to witness a CAGR of 7.2% from 2016 to 2022. • South Korea grows at a faster rate in Asia-Pacific pharmaceutical packaging market, registering a CAGR of 7.4%. • In Europe, France is expected to occupy the highest CAGR of 6.3%.
PHARMACEUTICAL PACKAGING MARKET – KEY PLAYERS • Key players in the market value chain include: • AptarGroup Inc • Westrock and Catalent Pharma Solutions Inc. • Anchor Packaging • Ball Corporation • 3M • Sealed Air Corporation • Baxter International Inc. • Centor and Lilly (Eli) Company • UnilifeCorporation • ExportaGlobal • PlastubeInc.
PHARMACEUTICAL PACKAGING MARKET – KEY BENEFITS • The market research provides a quantitative and qualitative analysis of the current pharmaceutical packaging industry trends and estimations through 2014‐2022, which assist in identifying the prevailing market opportunities in different segments. • Pharmaceutical packaging industry report define trends in major countries in each region are mapped according to the estimated market revenue. • Pharmaceutical packaging industry overview across different products used in packaging is analyzed. • Focused study of the factors that drive and restrict the pharmaceutical packaging industry growth are provided. • Key manufactures of pharmaceutical packaging are profiled and their recent developments are listed.
PHARMACEUTICAL PACKAGING MARKET – STATEMENT BY ANALYST “Emerging drug market along with product innovation is a flourishing market for pharmaceutical solutions” According to SriramRadhakrishnan, Team Lead, Healthcare at Allied Market Research
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