Pharmaceutical Packaging Strengths and Weaknesses of the Key VendorsPosted by Nicky Arora on November 25th, 2019 The global Pharmaceutical Packaging Market size is expected to reach USD 158.24 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 8.3% during the forecast period. The market is driven by increasing consumption of pharmaceutical packaging materials in emerging economies, most notably in China, Brazil, and India. This is in reaction to increasing government spending on healthcare infrastructure in these countries. The market has been witnessing significant demand for pharmaceutical packaging in African countries. Though the industry is yet to achieve its full potential in Africa, the region promises considerable growth over the forecast period owing to economic developments in countries such as South Africa and Nigeria. Sub-Saharan Africa, in particular, is expected to bolster the demand for pharmaceutical packaging products throughout the forecast period backed by significant economic development. Emerging economies across the globe have encouraged international players to setup their manufacturing plants on the back of rising pharmaceutical exports in the aforementioned countries. Another significant factor triggering the demand for pharmaceutical packaging materials is the increasing demand for blister packaging and drug delivery devices. In this respect, the emergence of novel drug delivery systems with unique forms (patches and rings) has necessitated the employment of pharmaceutical packaging materials across the globe. In addition, the market is driven by the increasing demand for blister packaging solutions for the packaging of drug items/products. The employment of blister packaging materials helps extend the shelf life of pharmaceutical products while offering enhanced clarity/transparency in packages. Access Full Sample Copy @ https://www.grandviewresearch.com/industry-analysis/pharmaceutical-packaging-market/request/rs1 The pharmaceutical packaging market is highly fragmented with both domestic and international players sharing the market space. However, it is led by the players such as Amcor Ltd.; Becton, Dickinson & Company; Aptar Group Inc.; Capsugel Inc.; Gerresheimer AG; Schott AG;Owens Illinois Inc.; West Pharmaceutical Services Inc.; Berry Plastics Group Inc.; Westrock Company; andSGD SA among others. Product innovation, portfolio expansion, and mergers and acquisitions were observed to be some of the most preferred strategies by these players to stay abreast of the competition. Further key findings from the report suggest:
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