Global Pharmaceutical Contract Packaging Market Report (2022 to 2027) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts – QNT Press Release


DUBLIN, June 7, 2022 /PRNewswire/ — The “Pharmaceutical Contract Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global pharmaceutical contract packaging market size reached US$ 18.44 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 29.62 Billion by 2027, exhibiting a CAGR of 8.07% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor

Drugs need to be packed safely after production to offer optimum pharmacological effects to patients. As a result, pharmaceutical companies worldwide resort to outsourcing of secondary operations, which include labeling and packaging of drugs, to contract firms. These firms also provide secondary services, such firms as assembling and secondary packaging of vials, auto-injectors, and prefilled syringes. As pharmaceutical contract packaging is relatively flexible, profitable, and helps keep up with the dynamic market scenario, its demand is escalating worldwide

The lack of expertise, budget constraints, and in-house packaging capabilities are major issues encountered by small pharmaceutical companies in the industry. As a result, there is a rise in the demand for pharmaceutical contract packaging services across the globe. Pharmaceutical contract packaging vendors can undertake several types of packaging projects and easily sort issues arising from complex packaging requirements. These vendors are also investing in research and development activities to enhance the quality of their offerings.

In addition, contract packaging service providers are making considerable attempts to offer highly sophisticated packaging facilities and meet the expectations of their clients. Apart from this, the implementation of stringent rules and regulations by the governing authorities of numerous countries regarding the packaging of drugs acts as another growth-inducing factor of the market. Furthermore, the increasing utilization of smart packaging solutions, such as smart labels, is projected to strengthen the growth of the market

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry

Key Questions Answered in This Report:

  • How has the global pharmaceuticals contract packaging market performed so far and how will it perform in the coming years?
  • What are the…

Full story available on Benzinga.com



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