Pharmaceutical Contract Packaging Market Increasing at A Phenomenal Pace to Reach USD 179.5 Billion by 2028

Some of key players in sports nutrition market Amcor plc, Ball corporation, Nipro Corporation, Daito Pharmaceutical Co., Ltd., Pfizer CentreOne, West Pharmaceutical Services, Inc., and WestRock Company, among others.  These players are set to bolster the development of global pharmaceutical contract packaging market.

According to analysts at Zion Market Research, the global Pharmaceutical Contract Packaging market accounted for USD 99.6 Billion in 2020 and is expected to reach USD 179.5 Billion by 2028, growing at a CAGR of 7.6% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Pharmaceutical Contract Packaging Market by Material type (Plastic & Polymer, Paper & Paperboard, Glass, Aluminum Foil and Others), by Product type (Primary Packaging, Secondary Packaging and Tertiary Packaging): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Increase in pharmaceutical industries and awareness among consumers to Spur Growth

There has been a growth in the pharmaceutical industry and in demand of healthcare products in emerging economies like India, China, Brazil with an increase in population, disposable income and growing focus on increasing life expectancy. With the increase in pharmaceutical industry, proper packaging in pharmaceutical is on the rise with focus on sustainability by adoption of biodegradable and recyclable materials. Also, the growing demand or convenient packaging is expected to create new growth opportunities for the manufacturers. Pharmaceutical packaging is important since the substance must be safe for the patient. The demand for packaging expertise has sparked a new business called contract Packaging, which is rapidly gaining traction.

Major pharmaceutical companies are now subcontracting the packaging of end products to organizations who are experienced and specialized in managing medicine packaging.

Presence of Big Players in The Region Support North America Dominance

North America and Europe held the largest market share exceeding 30% in 2020. This is attributed to the presence of major market players and dominance in the market such as Amcor PLC, Winpak ltd., Sonoco products co. Growing demand in the pharmaceutical sector is anticipated to propel the market growth from 2021 to 2028. This surge is due to the increasing concern in safe and proper packaging in the region. Also, large number of presences of market players make it a potentially growing region.

Browse the full “Pharmaceutical Contract Packaging Market by Material type (Plastic & Polymer, Paper & Paperboard, Glass, Aluminum Foil and Others), by Product type (Primary Packaging, Secondary Packaging and Tertiary Packaging): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/pharmaceutical-contract-packaging-market

The global Pharmaceutical Contract Packaging market is segmented as follows:

By Material Type

• Plastic & Polymer
• Paper & Paperboard
• Glass, Aluminum Foil
• Others

By Product Type

• Primary Packaging
• Secondary Packaging
• Tertiary Packaging

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & 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