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 Global Pharmaceutical Packaging Market
Posted on : Wednesday, 18 December, 2019  09:41
Location : Bertogne, Luxembourg
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Global Pharmaceutical Packaging Market was valued at US$ 69.81 Bn in 2017, and is estimated to reach US$ 118.451 Bn by 2026 growing at a CAGR of 6.83 % during forecast.


Growing pharmaceutical industry in emerging economies, growing demand for drug delivery drives the pharmaceutical packaging market. Technological advancements further accelerates the market. Increasing overall packaging costs owing to dynamic regulatory measures and stringent regulations set by various governing bodies restrains the market growth. Global demand for primary pharmaceutical packaging and rapidly increasing 3pl and other services in emerging markets poses an opportunity to pharmaceutical packaging market. Nano enabled pharmaceutical packaging poses new opportunities for the growth of pharmaceutical packaging market. Gaining competitiveness in new geographies, safeguarding against counterfeit products and issues in serving the emerging markets are challenges faced by pharmaceutical packaging market.


  
  
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