Overview of the global rigid packaging industry for the pharmaceutical sector
The rise in demand for disposable medical products is one of the major factors driving the rigid packaging market for the pharmaceutical sector. Disposable medical products include face masks, gloves, surgical sponges, suction catheters, wraps and bandages, syringes, and applicators and other products. They are manufactured for one-time use and help in the reduction of cross-contamination risks. The global demand for disposable medical products is expected to grow at a CAGR of around 7%. This will drive the demand for plastic resins as they are extensively used as raw materials in the manufacture of medical disposables. Subsequently, the need for medical disposables will drive the rigid packaging demand for the pharmaceutical sector.
The growing popularity of blister packaging is one of the key trends in the rigid packaging market for the pharmaceutical sector. Blister packaging manufacturers widely use pre-formed rigid plastic packaging materials for packaging pharmaceutical products. Blister packaging provides an interface to convey significant information about the product and makes it easier for patients to stick to their medication routines. Moreover, the demand for child-proof and convenient blister packaging is also gaining traction, thus, encourage pharmaceutical packaging companies to develop and innovate new kinds of blister packaging. The rigid packaging market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 7% during the forecast period.
Top pharmaceutical rigid packaging companies covered in this market research report
The rigid packaging market for the pharmaceutical is highly fragmented with multiple players occupying the market share. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this pharmaceutical rigid packaging industry analysis report is designed to aid clients identify and build new growth strategies.
The report offers a complete analysis of various companies including:
Pharmaceutical rigid packaging market segmentation based on geographic regions
According to the global pharmaceutical rigid packaging market analysis, the Americas will account for the largest rigid packaging market share in the pharmaceutical sector. Whereas, the APAC region will account for the highest market growth throughout the forecast period.
Pharmaceutical rigid packaging market segmentation based on materials
The rigid plastic segment will account for the largest pharmaceutical rigid packaging market share during the forecast period. This segment will also account for the highest market growth. Additionally, the report will also provide an accurate prediction of the contribution of the various materials to the growth of the rigid packaging market size in the pharmaceutical sector.
Key highlights of the global rigid packaging market for the pharmaceutical sector for the forecast years 2018-2022:
CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the rigid packaging market for the pharmaceutical sector during the next five years
Precise estimation of the global pharmaceutical rigid packaging market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the pharmaceutical rigid packaging industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of the rigid packaging companies for the pharmaceutical sector
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