Lucintel Forecasts Pharmaceutical Packaging Market To Reach $90.9 Billion By 2024

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According to the recent study the pharmaceutical packaging market is projected to reach an estimated $90.9 billion by 2024, at a CAGR of 5.5% from 2020 to 2025. Growth in this market is primarily driven by growth of the pharmaceutical industry along with improving healthcare services in developing economies.
Browse 112 figures / charts and 92 tables in this 188 -page report to understand trends, opportunities and forecast in pharmaceutical packaging market by product (bottles, caps and closures, parenteral containers, blister packs, pre-fillable syringes, pre-fillable inhalers, pouches and others), material (plastic, glass, paper and paperboard, aluminum foil, and others), end user (pharmaceutical manufacturer and), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/pharmaceutical-packaging-market.aspx
“Plastic market is expected to remain the largest segment during the forecast period.”
Based on material type, the pharmaceutical packaging market is segmented into ...
... plastic, glass, paper and paperboard, aluminum foil, and others. Lucintel forecasts that the plastic is expected to witness the largest segment over the forecast period because plastic is lightweight and easy to handle and plastics also have a superior aesthetic value and an excellent barrier against moisture and air.
“Within the pharmaceutical packaging market, the bottles segment is expected to remain the largest product type”
Based on product type, the bottles segment is expected to witness the largest product type driven by increased application in both solid and liquid oral medications as bottles provide convenience, safety, and security.
“North America will dominate the pharmaceutical packaging market in near future”
North America is expected to be the largest region over the forecast period because of its large pharmaceutical manufacturing base, and the ability to introduce technological advancements to pharmaceutical packaging.
Download Brochure of this report by clicking on https://www.lucintel.com/pharmaceutical-packaging-market.aspx
Major players of pharmaceutical packaging market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Amcor Ltd., Gerresheimer AG, West Pharmaceutical Services, Inc., AptarGroup, Inc., and Becton Dickinson and others are among the major pharmaceutical packaging providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pharmaceutical-packaging-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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