Pharmaceutical packaging, also known as drug packaging, involves activities from pharmaceutical production to distribution to the end user, through the distribution channels. Technological advancements, rise in demand for devices of drug delivery, increasing demand for eco-friendly and reusable packaging, rapid development in healthcare services coupled with rapid urbanization especially in the emerging economies such as India, and China are some of the major factors responsible for the growth of the pharmaceutical packaging market at the global level.

Generally, the price of raw materials are not fixed and varies from season to place of origin which may affect the buying potential of such items decreases. Therefore, fluctuating prices of raw materials used for the manufacturing of pharmaceutical packaging products is one of the primary factors hindering growth of the market. However, the impact of this restraint is expected to remain medium throughout the forecast period.
Asia Pacific market is expected to project the highest CAGR of 10.37% during the forecast period due to growing urbanization and rising demand for healthcare services. India, Australia, China, South Korea and Japan are some major economies contributing to the growth of pharmaceutical packaging market in this region.

On the basis of material, plastics and polymers segment dominated the pharmaceutical packaging market in 2016, with a revenue of US$ 34.68 billion in the same year. Availability of numerous grades for plastic, easy handling due to light weight and its property of being chemically inert are some of the major factors responsible for the large market share of this segment.

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On the basis of material, plastics and polymers segment dominated the pharmaceutical packaging market in 2016, with a revenue of US$ 34.68 billion in the same year. Availability of numerous grades for plastic, easy handling due to light weight and its property of being chemically inert are some of the major factors responsible for the large market share of this segment.

North America led the pharmaceutical packaging market in 2016 and is expected to retain market dominance throughout the forecast period. However, Asia Pacific is anticipated to exhibit the fastest growth in the pharmaceutical packaging market during the forecast period.

Major Players in Global Pharmaceutical Packaging Market

Major players operating in the market of pharmaceutical packaging include Amcor Limited, Berry Plastics Corporation, MeadWestvaco Corporation, Becton Dickinson and Company, Owens-Illinois Inc., West Pharmaceuticals Services Inc., Schott Pharmaceuticals Services Inc., RPC Group Plc and Graphic Packaging International Inc.

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