Astute Analytica published a new report on the Pharmaceutical Packaging Market. The global market report has extensive information about the market size, drivers, threats, opportunities, and growth factors. In addition, the research report contains COVID-19 impact, regional insight, competitors analysis, and segmentation. 

The Pharmaceutical Packaging Market was valued at USD 116.6 Bn in 2021 and is expected to record a revenue of US$ 267.4 Bn by end of the year 2027. In terms of revenue, the global market size recorded substantial growth at a CAGR of 14.8% during the forecast period of 2022 – 2027. The market holds an opportunity of US$ 150.8 Bn during 2022-2027. 

According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures.

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Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.

Impact Analysis of COVID-19

Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies’ stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.

Regional Insights

By Packaging Type

·         Primary

·         Secondary

·         Tertiary

By Product

·         Cardboard

·         Boxes

·         Cartons

·         Display Unit

·         Paper

·         Label

·         Leaflet

·         Glass

·         Ampoules

·         Bottles

·         Vials

·         Syringes

·         Cartridges

·         Plastic

·         Closure

·         Bottles

·         Bags

·         Tubes

·         Injection Trays

·         Laminates with paper or foil

·         Metal

·         Collapsible tubes

·         Rigid cans

·         Foils

·         Pressurized containers

·         Rubber

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By Application

·         Oral Drugs

·         Injectable

·         Topical

·         Ocular/ Ophthalmic

·         Nasal

·         Sublingual

·         Pulmonary

·         Transdermal

·         IV Drugs

·         Others

By Prescription Type

·         Prescription

·         Branded drugs

·         Generic drugs

·         OTC

·         Branded drugs

·         Generic drugs

By End-Use

·         Pharma Manufacturing

·         Contract Packaging

·         Retail Pharmacy

·         Institutional Pharmacy

By Region

·         North America

·         The U.S.

·         Canada

·         Mexico

·         Europe

·         The U.K.

·         Germany

·         France

·         Spain

·         Italy

·         Russia

·         Poland

·         Rest of Europe

·         Asia Pacific

·         China

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