Global Pharmaceutical Packaging Market

Global Pharmaceutical Packaging Market Size, Share, Growth Analysis, By Product(Primary, Secondary), By Material(Plastics & Polymers, Paper & Paperboard) - Industry Forecast 2023-2030


Report ID: SQMIG15H2014 | Region: Global | Published Date: July, 2030 | Pages: 184 | Tables: 65 | Figures: 77

Global Pharmaceutical Packaging Market Insights

Global Pharmaceutical Packaging Market size was valued at USD 128.80 billion in 2022 and is poised to grow from USD 141.55 billion in 2023 to USD 301.23 billion by 2031, at a CAGR of 9.9% during the forecast period (2024-2031).

The Global Pharmaceutical Packaging Market is a dynamic and essential sector within the broader healthcare and pharmaceutical industry. This market encompasses the design, manufacturing, and distribution of packaging materials and solutions specifically tailored to meet the unique needs of pharmaceutical products. These products range from over-the-counter drugs and prescription medications to vaccines and biologics. Key factors driving this market include the growing global population, an aging demographic that requires more healthcare interventions, and increased demand for pharmaceutical products. Pharmaceutical packaging plays a crucial role in ensuring these products' safety, efficacy, and quality, safeguarding them from external factors like light, moisture, and contamination. In recent years, there has been a noticeable shift toward eco-friendly and sustainable packaging solutions, driven by environmental concerns and regulatory pressures. Additionally, advancements in packaging technologies, such as intelligent packaging and serialization, are enhancing the security and traceability of pharmaceutical products.

The global pharmaceutical packaging market is highly competitive, with numerous players ranging from packaging materials suppliers to packaging machinery manufacturers. Geographically, North America and Europe are significant markets due to their well-established pharmaceutical industries and stringent regulations. However, the Asia-Pacific region is gaining prominence, thanks to its expanding healthcare sector and increasing pharmaceutical manufacturing capabilities. As the pharmaceutical industry continues to evolve, the demand for innovative, compliant, and sustainable packaging solutions is expected to grow, making the global pharmaceutical packaging market an integral component of healthcare supply chains worldwide.

Market snapshot - 2024-2031

Global Market Size

USD 128.80 billion

Largest Segment

Primary

Fastest Growth

Primary

Growth Rate

9.9% CAGR

Global Pharmaceutical Packaging Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Pharmaceutical Packaging Market Size By Product 2022-2030 ($ Bn)
Global Pharmaceutical Packaging Market Size By Product 2022-2030 (%)

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Global Pharmaceutical Packaging Market Segmental Analysis

Global Pharmaceutical Packaging Market is segmented on the basis of product, material, end use and region. By product, the market is segmented into primary, secondary, tertiary. By material, market is segmented into plastics & polymers, paper & paperboard, glass, aluminium foil, others. By end use, the market is segmented into pharma manufacturing, contract packaging, retail pharmacy, institutional pharmacy. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Pharmaceutical Packaging Market Analysis by End Use

The important end-use sector of pharmaceutical manufacturing, which held the largest share of 49.9% in 2022, is anticipated to have rapid expansion from 2023 to 2030. This is due to the rising demand for medications. The percentage of people over 60 in the world will increase from 12% to 22% between 2015 and 2050, according to the World Health Organization (WHO). The ageing population demands more medical attention, which supports the industry that makes pharmaceuticals. This will probably increase the need for pharmaceutical packaging.

To set themselves apart from competitors, retail pharmacies are increasingly putting branding strategies onto their packaging. The packaging materials that these retail pharmacies most frequently use are polybags and paper pouches. The end-use retail pharmacy industry is anticipated to grow as retail becomes more widely adopted, particularly in developing nations.

Pharmaceutical Packaging Market Analysis by Product

In 2022, the primary sector accounted for a large portion of the market. Primary packaging, such as bottles, tubes, or blister packs, directly touches the medication and envelops it, shielding it from contamination. Additionally, it frequently administers and doses drug components. Companies that make packaging are concentrating on employing closures that are simple to open and including dispensing systems that provide the proper dose at the right time, which can help the senior population with drug dosage.

Continually enveloping or enclosing a number of groups of pharmaceutical packages, secondary pharmaceutical packaging stores the packages together and shields them from outside danger. In addition to logistics, where bundling numerous products together makes handling them easier, secondary packaging is largely used for branding and display, which is crucial to the product's marketing strategy.

Global Pharmaceutical Packaging Market Size By Product 2022(%), 2022 (%)

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Global Pharmaceutical Packaging Market Regional Insights

With a revenue share of 35.9% in 2022, North America dominated the market. The region's largest end-use sector was pharmaceutical manufacturing, which includes in-house production. Over the course of the forecast period, the presence of numerous producers of pharmaceutical plastic bottles in the nation, including AptarGroup, Gerresheimer AG, Amcor, and Berry Plastics Group, is probably going to have a positive effect on demand.

Between 2023 and 2030, Asia Pacific is anticipated to have the fastest CAGR, at over 12%. Along with rising disposable income levels, increasing health awareness among consumers in the Asia Pacific region, particularly in developing nations like China and India, is anticipated to fuel the growth of the pharmaceutical industry over the forecast period and increase demand for its packaging. Due to rising government efforts, such as Healthy China 2022, expanding contract manufacturing operations, and a rapidly aging population, China dominated the Asia Pacific area market in 2022 and will continue to hold the top spot during the next few years.

Global Pharmaceutical Packaging Market Size By Geography, 2022-2030, 2024-2031
  • Largest
  • Fastest

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Global Pharmaceutical Packaging Market Dynamics

Pharmaceutical Packaging Market Drivers

Increasing Focus on Sustainability to Bolster market growth

  • The increasing focus on sustainability is an influential driver of the global pharmaceutical packaging market. Pharmaceutical companies and packaging manufacturers increasingly adopt eco-friendly practices and materials to minimize their environmental footprint. This shift towards sustainable packaging is driven by regulatory pressures, consumer preferences for green products, and the industry's commitment to reducing waste and carbon emissions. As a result, the market is witnessing a surge in the development and adoption of biodegradable, recyclable, and environmentally friendly packaging solutions, making sustainability a key factor in bolstering market growth and meeting the evolving demands of the industry and environmentally conscious consumers.

Pharmaceutical Packaging Market Restraints

Counterfeit Drugs to Hinder market growth

  • The prevalence of counterfeit drugs is a major concern in the pharmaceutical industry, and packaging plays a crucial role in preventing the distribution of counterfeit products. However, counterfeiters are becoming increasingly sophisticated, which creates a need for more advanced packaging technologies.

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Global Pharmaceutical Packaging Market Competitive Landscape

To draw in more customers, players are concentrating on providing value-added services. The most popular techniques used by packaging makers to colour packing containers include spray painting, UV coating, and metallization. Additionally, packaging manufacturers frequently undertake labelling and the incorporation of various anti-counterfeit packaging measures, including overt and covert technologies, like barcodes, holograms, sealing tapes, and radio frequency identification devices.

Pharmaceutical Packaging Market Top Player’s Company Profiles

  • Gerresheimer AG (Germany)
  • Schott AG (Germany)
  • West Pharmaceutical Services, Inc. (United States)
  • Berry Global Group, Inc. (United States)
  • Catalent, Inc. (United States)
  • Owens-Illinois Inc. (United States)
  • WestRock Company (United States)
  • Sonoco Products Company (United States)
  • Stevanato Group S.p.A. (Italy)
  • Nipro Corporation (Japan)
  • Comar, LLC (United States)
  • SGD Pharma (France)
  • Aptargroup, Inc. (United States)
  • RPC Group Plc (United Kingdom)
  • Drug Plastics & Glass Co., Inc. (United States)
  • Capsugel (United States)
  • TricorBraun Holdings, Inc. (United States)
  • Bilcare Limited (India)
  • Tekni-Plex, Inc. (United States)

Pharmaceutical Packaging Market Recent Developments

  • A Memorandum of Understanding (MOU) was announced in November 2023 between Amcor Plc, a well-known international business recognized for its creation and manufacturing of ecologically friendly packaging solutions, and NOVA Chemicals Corporate, a top manufacturer of sustainable polyethylene. Under the terms of the agreement, NOVA Chemicals Corporate will supply mechanically recycled polyethylene resin (rPE), which will be used to make flexible packaging films. By utilizing more rPE in flexible packaging applications, this project is in line with Amcor's commitment to fostering packaging circularity.

  • Constantia Flexibles unveiled REGULA CIRC, a novel coldform foil-based pharmaceutical packaging solution, in July 2023. The package substitutes a PE sealing layer for traditional PVC, which lowers the amount of plastic and increases the amount of aluminum. This modification boosts material recovery during recycling procedures in addition to improving the packaging's sustainability.

  • Südpack debuted its PharmaGuard blister, a polypropylene-based blister packaging, in April 2023. In addition to providing an excellent water vapor barrier, this novel substance effectively blocks oxygen and UV rays.

  • The well-known worldwide leader in packaging solutions, Amcor plc, purchased MDK, a well-known Shanghai-based business with a focus on medical device packaging, in January 2023. Amcor's strengths are strengthened by this calculated acquisition, solidifying its market position.

Global Pharmaceutical Packaging Key Market Trends

  • A prominent trend in the global pharmaceutical packaging market is the rising adoption of sustainable and eco-friendly packaging solutions. As environmental awareness and regulations on plastic usage intensify, pharmaceutical companies increasingly embrace packaging materials and practices that reduce their carbon footprint. This includes using recyclable materials, biodegradable plastics, and minimalist packaging designs. Moreover, many pharmaceutical packaging companies are implementing more efficient and eco-conscious production processes to decrease energy consumption and waste generation. This trend aligns with the broader global focus on sustainability and enhances brand reputation by demonstrating a commitment to environmental responsibility, making it a significant driver in the pharmaceutical packaging industry.

Global Pharmaceutical Packaging Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analyses, the global pharmaceutical packaging market is a rapidly growing market driven by the increasing demand for healthcare products and the growth of the pharmaceutical industry. The market is expected to continue its growth trajectory in the coming years, driven by factors such as the increasing demand for biologics and personalized medicine, as well as the need for innovative packaging solutions that address drug counterfeiting and other supply chain challenges. The market is also driven by the increasing focus on sustainability, with manufacturers increasingly using eco-friendly packaging materials and adopting sustainable practices. The increasing adoption of e-commerce and the growth of the online pharmacy sector are also expected to drive demand for pharmaceutical packaging solutions in the coming years.

Report Metric Details
Market size value in 2022 USD 128.80 billion
Market size value in 2031 USD 301.23 billion
Growth Rate 9.9%
Base year 2022
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Primary, Secondary, Tertiary
  • Material
    • Plastics & Polymers, Paper & Paperboard, Glass, Aluminium Foil, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Gerresheimer AG (Germany)
  • Schott AG (Germany)
  • West Pharmaceutical Services, Inc. (United States)
  • Berry Global Group, Inc. (United States)
  • Catalent, Inc. (United States)
  • Owens-Illinois Inc. (United States)
  • WestRock Company (United States)
  • Sonoco Products Company (United States)
  • Stevanato Group S.p.A. (Italy)
  • Nipro Corporation (Japan)
  • Comar, LLC (United States)
  • SGD Pharma (France)
  • Aptargroup, Inc. (United States)
  • RPC Group Plc (United Kingdom)
  • Drug Plastics & Glass Co., Inc. (United States)
  • Capsugel (United States)
  • TricorBraun Holdings, Inc. (United States)
  • Bilcare Limited (India)
  • Tekni-Plex, Inc. (United States)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Pharmaceutical Packaging Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Pharmaceutical Packaging Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Pharmaceutical Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Pharmaceutical Packaging Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Pharmaceutical Packaging Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Pharmaceutical Packaging Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Pharmaceutical Packaging Market size was valued at USD 128.80 billion in 2022 and is poised to grow from USD 141.55 billion in 2023 to USD 301.23 billion by 2031, at a CAGR of 9.9% during the forecast period (2024-2031).

To draw in more customers, players are concentrating on providing value-added services. The most popular techniques used by packaging makers to colour packing containers include spray painting, UV coating, and metallization. Additionally, packaging manufacturers frequently undertake labelling and the incorporation of various anti-counterfeit packaging measures, including overt and covert technologies, like barcodes, holograms, sealing tapes, and radio frequency identification devices. 'Amcor plc (Switzerland)', 'Berry Global Inc. (United States)', 'Gerresheimer AG (Germany)', 'AptarGroup Inc. (United States)', 'Schott AG (Germany)', 'West Pharmaceutical Services, Inc. (United States)', 'Berry Global Group, Inc. (United States)', 'Catalent, Inc. (United States)', 'Owens-Illinois Inc. (United States)', 'WestRock Company (United States)', 'Sonoco Products Company (United States)', 'Stevanato Group S.p.A. (Italy)', 'Nipro Corporation (Japan)', 'Comar, LLC (United States)', 'SGD Pharma (France)', 'Aptargroup, Inc. (United States)', 'RPC Group Plc (United Kingdom)', 'Drug Plastics & Glass Co., Inc. (United States)', 'Capsugel (United States)', 'TricorBraun Holdings, Inc. (United States)', 'Bilcare Limited (India)', 'Tekni-Plex, Inc. (United States)'

The prevalence of counterfeit drugs is a major concern in the pharmaceutical industry, and packaging plays a crucial role in preventing the distribution of counterfeit products. However, counterfeiters are becoming increasingly sophisticated, which creates a need for more advanced packaging technologies.

A prominent trend in the global pharmaceutical packaging market is the rising adoption of sustainable and eco-friendly packaging solutions. As environmental awareness and regulations on plastic usage intensify, pharmaceutical companies increasingly embrace packaging materials and practices that reduce their carbon footprint. This includes using recyclable materials, biodegradable plastics, and minimalist packaging designs. Moreover, many pharmaceutical packaging companies are implementing more efficient and eco-conscious production processes to decrease energy consumption and waste generation. This trend aligns with the broader global focus on sustainability and enhances brand reputation by demonstrating a commitment to environmental responsibility, making it a significant driver in the pharmaceutical packaging industry.

With a revenue share of 35.9% in 2022, North America dominated the market. The region's largest end-use sector was pharmaceutical manufacturing, which includes in-house production. Over the course of the forecast period, the presence of numerous producers of pharmaceutical plastic bottles in the nation, including AptarGroup, Gerresheimer AG, Amcor, and Berry Plastics Group, is probably going to have a positive effect on demand.

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Global Pharmaceutical Packaging Market

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