Pharmaceutical Packaging Market Projected to Reach 94.93 Billion USD by 2021

1. MarketsandMarkets Presents Pharmaceutical Packaging Market Projected to Reach 94.93 Billion USD by 2021 https://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-market-890.html

2. The report "Pharmaceutical Packaging Market by Type (Plastic Bottles, Blister Packs, Vials), Veterinary Vaccine Packaging (Livestock, Aquaculture, Porcine), Drug Delivery (Oral, Pulmonary, Topical), Raw Material (HDPE, LDPE), and Region - Global Forecast to 2021", The pharmaceutical packaging market was valued at USD 65.55 Billion in 2015 and is projected to reach USD 94.93 Billion by 2021, at a CAGR of 6.4% from 2016 to 2021. Browse 94 market data tables and 44 figures spread through 189 pages and in-depth TOC on "Pharmaceutical Packaging Market - Global Forecast to 2021“ Request FREE PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=890 The growth of the pharmaceutical packaging market is driven by increasing demand for drug delivery devices and blister packaging, rising demand for improved healthcare services due to growing urbanization in emerging economies, and technological advancements taking place in the field of pharmaceutical packaging. Research Methodology: In this report, market sizes have been derived through various research methodologies. In the secondary research process, different sources have been referred, to identify and collect information for this study on the pharmaceutical packaging market. These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both, supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate the market size, in terms of value. The top-down approach has been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, exact values of the sizes of the overall parent market and individual markets have been determined and confirmed in this study. https://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-market-890.html

3. Scope of the Report: • The report forecasts revenue growth and provides an analysis of trends in each of the subsegments of the pharmaceutical packaging market. This research report categorizes the pharmaceutical packaging market based on the following: • Pharmaceutical Packaging Market, by Type: • Pharmaceutical Packaging Market, by Veterinary Vaccine Packaging: • Pharmaceutical Packaging Market, by Drug Delivery • Pharmaceutical Packaging Market, by Raw Material: • Pharmaceutical Packaging Market, by Region: • Available Customizations: • The following customization options are available for the report: • Country Information • Pharmaceutical packaging market analysis for additional countries • Company Information • Detailed analysis and profiles of additional market players (up to five) https://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-market-890.html

4. Industry Insights: The pharmaceutical packaging market is projected to reach USD 94.93 Billion by 2021, at a CAGR of 6.4% from 2016 to 2021. The growth of the pharmaceutical packaging market is driven by increasing demand for drug delivery devices and blister packaging, rising demand for improved healthcare services due to growing urbanization in emerging economies, and technological advancements taking place in the field of pharmaceutical packaging. The plastic bottles type segment accounted for the largest share of the pharmaceutical packaging market in 2015. The growth of this segment can be attributed to ease of production of plastic bottles, wide acceptance of plastic bottles in the pharmaceutical industry, and protection provided by them to medicines from harsh environments, such as snow and moisture, among others. The pre-fillable syringes segment of the pharmaceutical packaging market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. Pre-fillable syringes are most widely used as they offer efficient and effective delivery of drugs.  Moreover, increase in the number of people suffering from diseases such as diabetes is also a major driving factor for the growth of the pharmaceutical packaging market. Request FREE Sample Pages: https://www.marketsandmarkets.com/requestsample.asp?id=890 Based on drug delivery, the oral segment is projected to lead the pharmaceutical packaging market during the forecast period. Oral drug delivery mode is widely used to administer drugs through mouth, which proves to be an easy and efficient method of drug administration. The injectables segment of the pharmaceutical packaging market is projected to grow at the highest CAGR during the forecast period. Growing demand for pharmaceutical packaging from emerging economies, innovations in the field of pharmaceutical packaging such as development of nanotechnology, child resistant packaging, radio frequency identification, and others, and increasing use of plastic bottles and blister packaging for pharmaceuticals, owing to their ease of use are the major drivers for the growth of the pharmaceutical packaging market, globally. https://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-market-890.html

5. Industry Leaders: The key players, such as Amcor Ltd. (Australia), Schott AG (Germany), AptarGroup, Inc. (U.S.), Gerresheimer AG (Germany), Becton, Dickinson and Company (U.S.), and Capsugel Inc. (U.S.) operating in the pharmaceutical packaging market have adopted both, organic as well as inorganic growth strategies between 2012 and 2016 to strengthen their position in the market. New product launches, investments, and expansions have been the major organic growth strategies adopted by the market players to enhance their regional presence and meet the growing demand for pharmaceutical packaging in the emerging economies. For more Info Visit Blog:– https://tinyurl.com/Pharmaceutical-Packaging Geographical Scenario: The North American region accounted for the largest share of the pharmaceutical packaging market in 2015 and is expected to continue leading the pharmaceutical packaging market during the forecast period as well. The Asia-Pacific pharmaceutical packaging market is projected to grow at the highest CAGR during the forecast period, owing to increasing demand for improved healthcare services in the Asia-Pacific region. Development of new ways to prevent counterfeits of original drugs and financial constraints in underdeveloped regions are posing a challenge for the growth of the pharmaceutical packaging market. https://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-market-890.html

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