The global Pharmaceutical Packaging Market is estimated to be valued at US$ 74.57 billion in 2016 and is expected to reach US$ (incorporate given market value for 2022) billion or million in 2022, with a CAGR of (incorporate given CAGR) % over the forecast period (incorporate given forecast period). This growth is driven by the high demand for pharmaceutical packaging.
The Pharmaceutical Packaging Market is estimated to be valued at US$ 264.21 Bn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Flexible packaging is preferred due to advantages like lightweight, cost-effectiveness and capability of extending shelf life of pharmaceutical products.
The pharmaceutical packaging market involves the packaging of various pharmaceutical products such as capsules and tablets, parenteral containers, blister packaging, closures and others. Packaging adds functionality, protection and aesthetic value to pharmaceutical products while also differentiating brands. The pharmaceutical packaging helps extend the shelf life of drugs, protect them from moisture and light and prevents microbial growth.
The global pharmaceutical packaging market ... Read more
