Global Pharmaceutical Packaging Market 2020-2024
Technavio has been monitoring the pharmaceutical packaging market and it is poised to grow by $ 36.50 bn during 2020-2024 progressing at a CAGR of 9% during the forecast period. Our report on pharmaceutical packaging 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 increase in R&D spending in pharmaceutical industry and increase in number of new drugs approved by FDA. In addition, increase in R&D spending in pharmaceutical industry is anticipated to boost the growth of the market as well.
The pharmaceutical packaging market analysis includes product segment, material segment, packaging segment and geographical landscapes.
Technavio's pharmaceutical packaging market is segmented as below:
- Plastic Bottles
- Caps and Closures
- Blister Packs
- Pre-Fillable Syringes
- Rigid Plastic
- Flexible Plastic
By Geographical Landscapes
- North America
- South America
This study identifies the rise in global pharmaceutical sales as one of the prime reasons driving the pharmaceutical packaging market growth during the next few years.
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 report on pharmaceutical packaging market covers the following areas:
- Pharmaceutical packaging market sizing
- Pharmaceutical packaging market forecast
- Pharmaceutical packaging 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 packaging market vendors that include Amcor Plc, Ball Corp., Becton, Dickinson and Co., Berry Global Group Inc., Catalent Inc., Gerresheimer AG, O-I Glass Inc., SCHOTT AG, West Pharmaceutical Services Inc., and WestRock Co.. Also, the pharmaceutical packaging 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.
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 such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.