DALLAS, Nov. 03, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global pharmaceutical packaging market looks good, driven by growth of the pharmaceutical industry along with improving healthcare services in developing economies. The global pharmaceutical packaging market is expected to reach an estimated $86.4 billion by 2023 and is forecast to grow at a CAGR of 5.5% from 2018 to 2023. In this market, plastic, glass, paper, and aluminum foil are the main material types.
Browse 92 market data tables and 112 figures spread through 188 pages and in-depth TOC on “Global Pharmaceutical Packaging Market" at https://www.lucintel.com/pharmaceutical-packaging-market-2018-2023.aspx
In this market, plastic, glass, paper and paperboard, aluminum foil, and others are used for pharmaceutical packaging manufacturing for material. Lucintel forecasts that plastic packaging is expected to witness significant growth over the forecast period because plastic is lightweight and easy to handle. Plastics also have a superior aesthetic value and an excellent barrier against moisture and air. Download Free PDF Brochure @ https://www.lucintel.com/pharmaceutical-packaging-market-2018-2023.aspx#/
North America is expected to remain the largest region because of its large pharmaceutical manufacturing base, and the ability to introduce technological advancements to pharmaceutical packaging. Pre-Purchase Query click https://www.lucintel.com/pharmaceutical-packaging-market-2018-2023.aspx#/
Within the global pharmaceutical packaging market, bottles are expected to remain the largest product type driven by increased application in both solid and liquid oral medications as bottles provide convenience, safety, and security.
Emerging trends, which have a direct impact on the dynamics of the pharmaceutical packaging industry, include rising demand for eco-friendly packaging, increasing use of nano-enabled packaging, and increasing adoption of blow-fill-seal technology. Amcor Ltd., Gerresheimer AG, West Pharmaceutical Services, Inc., and Becton Dickinson and others are among the major suppliers of pharmaceutical packaging.
Lucintel, a leading global market research firm has analyzed growth opportunities in the global pharmaceutical packaging market by material, product, end user, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Global Pharmaceutical Packaging Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global pharmaceutical packaging market by material, product, end user, and region.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.