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Nevertheless, economies such as Canada, Japan, the US, and Western Europe would support the growth of the market, providing almost 60 % of the total global demand for pharmaceutical packaging.
Global pharmaceutical packaging market is growing at a rapid pace mainly due to the burgeoning pharmaceutical and healthcare industry.
Also, the uses of drug delivery devices is increasing due to the rising trends of home care and self-administration. COVID-19 Impact
Segmentation
For a better understanding, the report has been segmented into five key dynamics:
By Types : Bottles, Aerosol Pack, Blister Pack, Tubes, Sachets, and Ampoules, among others.
By Materials : Glass, Plastic, Paper & Paperboard, and Glass, among others.
By Packaging : Rigid, Flexible, and Semi-rigid.
By Application : Generic Drugs, Branded Drugs, Medical Tools & Equipment, Test Kits, and Nutraceuticals, among others.
By Regions : Asia Pacific, Europe, North America, and Rest-of-the-World.
Regional Analysis
North America, led by the burgeoning pharmaceutical and healthcare industry, accounts for the leading region in the global pharmaceutical packaging market. It is expected that market growth will keep on increasing during the forecast period.
The pharmaceutical packaging market in the European holds the second position in the global market. Europe has gained a stronghold in the market owing to the and technological advancements in the packaging manufacturing solutions. Besides, the prevalence of chronic diseases in the region is fostering the growth of the market, creating a massive demand in the pharma sectors.
The Asia Pacific pharmaceutical packaging market is emerging as a promising market globally. Rapidly developing countries such as India and China, have emerged as a profitable market due to the rapidly expanding drug-producing capabilities. The adoption of more stringent regulations aiming at improving the quality and integrity in the production techniques is, in turn, driving the regional market.
Major Players
Key players leading the pharmaceutical packaging market include Schott AG (Germany), Amcor Limited (Australia), Owens-Illinois Inc. (US), West Pharmaceutical Services
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