Global Pharmaceutical Caps And Closures Market 2020-2024
Technavio has been monitoring the pharmaceutical caps and closures market and it is poised to grow by $ 2.43 bn during 2020-2024 progressing at a CAGR of 10% during the forecast period. Our reports on pharmaceutical caps and closures market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the development of child resistant and tamper evident packaging, growing sales of pharmaceuticals globally and increasing demand for convenience in pharmaceutical packaging. In addition, development of child resistant and tamper evident packaging is anticipated to boost the growth of the market as well.
The pharmaceutical caps and closures market analysis includes material segment and geographical landscapes
Technavio's pharmaceutical caps and closures market is segmented as below:
- Rubber or cork
By Geographical Landscapes
- North America
- South America
This study identifies the growing popularity of lightweight packaging materials as one of the prime reasons driving the pharmaceutical caps and closures market growth during the next few years. Also, emergence of sustainable packaging and increased demand for pharmaceutical packaging in emerging economies will lead to sizable demand in the market.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our pharmaceutical caps and closures market covers the following areas:
- Pharmaceutical caps and closures market sizing
- Pharmaceutical caps and closures market forecast
- Pharmaceutical caps and closures market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pharmaceutical caps and closures market vendors that include Amcor Plc, Berry Global Group Inc., Caps & Closures Pty Ltd., Closure Systems International Inc., O.Berk, Phoenix Closures Inc., Röchling SE & Co. KG, Saudi Basic Industries Corp., Silgan Holdings Inc., and Tecnocap SpA. Also, the pharmaceutical caps and closures market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.