Global Parenteral Packaging Market Set For Rapid Growth, To Reach Value Around $23.21 B By 2032

Zion Market Research has published a new report titled “Parenteral Packaging Market By Material Type (Glass And Plastic), By Product Type (Bags, Ampoules, Vials, Prefilled Syringes And Cartridges, And Ready To Mix Systems), And By Packaging Type (Small-Volume Parenteral And Large-Volume Parenteral): Global Industry Perspective, Comprehensive Analysis And Forecast 2024-2032”. According to the report, The global parenteral packaging market earned USD 9.84 Billion in 2023 and is expected to reach USD 23.21 Billion by 2032, growing at almost 10% from 2024 to 2032.

The swift technological development and continuous improvement in the product have led to the upsurge in the packaging industry across the globe. The advancements in packaging technology have resulted in the upgradation and continuous innovation in many sectors of the healthcare and pharmaceutical market. The rising popularity for the usage of plastic products for the primary packaging is going to drive the market growth and development. In addition, with the introduction of biodegradable plastic packaging, the demand for sustainable packaging among the pharmaceutical manufacturers is growing. The emergence of green packaging technologies is gaining popularity in the pharmaceutical industry. Drug manufacturers across the globe are continuously focusing on sustainability. The healthcare expenditure in developed as well as developing economies is increasing because of the rising prevalence of chronic diseases among the population.

Moreover, the introduction followed by the implementation of a number of stringent standards and regulations for parenteral packaging by government and regulatory organizations such as National Quality Forum (NQF), Parenteral Drug Association (PDA), Healthcare Compliance Packaging Council (HCPC), and Food and Drug Administration (FDA) is expected to boost the growth of the market. Such factors are expected to drive the flexible packaging market growth over the forecast period.  

Browse the full "Parenteral Packaging Market By Material Type (Glass And Plastic), By Product Type (Bags, Ampoules, Vials, Prefilled Syringes And Cartridges, And Ready To Mix Systems), And By Packaging Type (Small-Volume Parenteral And Large-Volume Parenteral): Global Industry Perspective, Comprehensive Analysis And Forecast 2024-2032" report at https://www.zionmarketresearch.com/report/parenteral-packaging-market

The parenteral packaging market is segmented on the basis of the material type which is further divided into glass and paper. Plastics segment held major revenue share in 2023. The growth is accredited to its features such as easy handling and lightweight coupled with its increased durability and resistance to external damages.

Based on product type, the parenteral packaging market has been fragmented into ampoules, vials, bags, prefilled syringes and cartridges, and ready to mix systems. Prefilled syringes and cartridges segment is projected contributing to a noteworthy revenue share in the forecasted timeframe. The growth is anticipated due to its extensive usage in various surgical procedures.

Based on the packaging type, parenteral packaging market has been categorized into small-volume parenteral and large-volume parenteral. Food segment is contributed a noteworthy revenue share in 2023. The growth is anticipated because they are readily usable products. Also, they are largely used for the treatment of diabetes and lung-related infection.

Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America are regional segments of the global flexible coating market. North America held the major revenue share of the global parenteral packaging market in 2017 and the region is predicted to continue with its regional dominance over the forecast period. The growth of this regional market is accredited to the rise in elderly population over the years. Also, the growing health concerns followed by its expenditure among the people in developed countries is predicted to boost the market growth and development over the forecast time period. 

Some of the industry players operating in the flexible packaging market include RPC Group, Unilife Corporation, Gerresheimer AG, Stevanato Group, Berry Plastics Corporation, Nipro Corporation, MeadWestvaco Corporation, Becton Dickinson and Company Inc., Schott AG, Dickinson and Company, Inc., Ypsomed Holding AG, Terumo Corporation, SiO2 Medical Products, West Pharmaceutical Services, Schott Pharmaceuticals Services Inc., Owens-Illinois, Graphic Packaging Group, and others.  

This report segments the global parenteral packaging market as follows:

Global Parenteral Packaging Market: Material Type Segment Analysis

• Plastic 
  • PVC
  • polyolefin
• Glass

Global Parenteral Packaging Market: Packaging Type Segment Analysis

• Small-Volume Parenteral
• Large-Volume Parenteral

Global Parenteral Packaging Market: Product type Segment Analysis

• Bags
• Ampoules
• Vials
• Prefilled syringes & Cartridges
• Ready-to-mix Systems

Global Parenteral Packaging Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com