Global pharmaceutical packaging market in 2016

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Global pharmaceutical packaging market
Global Pharmaceutical Packaging Market accounted
value reach 85,368.1 million by 2024 from
51,200.0 million in 2016, at a CAGR of 6.7 in
the forecast period 2017 to 2024.
Global Pharmaceutical Packaging Market By
Product Type (Plastic Bottles, Blister Packaging,
Drug Delivery Devices, Labels Accessories, Caps
Closures, Secondary Containers, Pouches
Strips, Others) By Application (Drug Delivery,
Veterinary Vaccines), By Raw Material (Plastics,
Paper and Paper board, Metals, Glass, Others ) By
Purchase Organization (Manufacturer, Packaging
Companies, Government Agencies) Industry Trends
and Forecast to 2024
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Report Description
The major factors driving the growth of this
market are rapid growth of the pharmaceutical
industry globally, increasing demand for drug
delivery devices blister packaging
technological advancements are boosting the
growth of the global pharmaceutical packaging
market. On the other hand, environmental
concerns and recycling issues, growing cost of
raw materials, stringent regulations set by
various governing bodies may hinder the growth of
the market.
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Key Drivers

• The major factors driving the growth of this
  market are rapid growth of the pharmaceutical
  industry globally, increasing demand for drug
  delivery devices blister packaging
  technological advancements are boosting the
  growth of the global pharmaceutical packaging
  market.
• On the other hand, environmental concerns and
  recycling issues, growing cost of raw materials,
  stringent regulations set by various governing
  bodies may hinder the growth of the market.

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Market Segmentation

• The global pharmaceutical packaging market is
  segmented on the basis of product type,
  application, raw materials and purchase of
  organization.
• The report provides data for 2015 to 2024, 2016
  being the current year while 2017 to 2024 is the
  forecast period for the report.
• The pharmaceutical packaging market with 20.6
  market share and is expected to reach USD
  18,535.8 million by 2024, growing at the highest
  CAGR of 7.5 in the forecast period 2017 to 2024.

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Competitive Landscape

•  The global pharmaceutical packaging market is
  dominated Amcor Limited, followed by Gerresheimer
  AG and Becton, Dickinson and Company.
• Other players in this market include Schott AG,
  AptarGroup, Inc., BAUSCH STRÖBEL
  MASCHINENFABRIK ILSHOFEN GMBHCO. KG, ROBERT
  BOSCH GMBH, Lonza and DuPont among others.

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