Pharmaceutical Contract Packaging Market

Pharmaceutical Contract Packaging Market Size, Share, Growth Analysis, By Type(Primary Packaging, Bottles, Vials, Ampoules), By Material(Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil), By Regional(North America, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG35I2084 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Pharmaceutical Contract Packaging Market Insights

Market Overview:

The pharmaceutical contract packaging market is anticipated to develop at a CAGR of 7.1% from 2017 to 2027, reaching a value of USD 47.7 billion. The outsourcing of pharmaceutical packaging to contract packagers, particularly in emerging nations, and the rising demand for strict quality standards are the main market drivers. Pharmaceutical firms outsource their packaging tasks to contract packagers in an effort to lower total manufacturing costs and shorten the time to market. Over the course of the forecast, this tendency is anticipated to fuel market expansion.

Pharmaceutical Contract Packaging Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Pharmaceutical Contract Packaging was estimated to be valued at US$ XX Mn in 2021.

The Pharmaceutical Contract Packaging Market is estimated to grow at a CAGR of XX% by 2028.

The Pharmaceutical Contract Packaging Market is segmented on the basis of Type, Material, Regional.

Based on region, the Pharmaceutical Contract Packaging Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Pharmaceutical Contract Packaging Market are Amcor plc, BALL CORPORATION, Nipro Corporation, Daito Pharmaceutical Co., Ltd., Pfizer CentreOne, West Pharmaceutical Services, Inc., WestRock Company, Patheon (Thermo Fisher Scientific Inc.), Catalent, Inc., Baxter BioPharma Solutions.

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Pharmaceutical Contract Packaging Market

Report ID: UCMIG35I2084

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