The global pharmaceutical plastic packaging market is anticipated to grow at a significant CAGR of 6.0% during the forecast period (2024-2031). According to Invest in India, the pharmaceutical industry in India is expected to reach $65 Billion by 2024 and to $130 Billion by 2031. India is a major exporter of Pharmaceuticals, with over 200+ countries served by Indian pharma exports. India supplies over 50% of Africa’s requirement for generics, ~40% of generic demand in the US and ~25% of all medicine in the UK. India has many companies that offer pharmaceutical plastic packaging, including packaging companies, pharmaceutical companies, and suppliers. Looking towards the growth aspects of Indian pharmaceutical industry several international players are planning to foray into the Indian pharmaceutical plastic packaging market.
Browse the full report description of “Pharmaceutical Plastic Packaging Market Size, Share & Trends Analysis Report by Raw Material (Polypropylene (PP), Polyethylene Terephthalate (PET), Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), and Others), by Product Type (Solid Containers, Dropper bottles, Nasal Spray Bottles, Liquid Bottles, Oral Care, Pouches, Vials, and Ampoules, Cartridges, Syringes, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/pharmaceutical-plastic-packaging-market
For instance, in March 2023, Spanish packaging firm Inden Pharma announced its plan to expand its business to India after partnering with Austria-based ALPLApharma that specialises in plastic packaging for pharmaceuticals. In a bid to increase their presence in the global market for pharmaceutical packaging, the companies have inked a pact for the certified production of bottles, containers and closures in clean rooms, starting in March. The firms are planning a combined annual production of around 800 million pharmaceutical packaging products in 2023 and a three-fold increase in the next five years.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Raw Material
o By Product Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Gerresheimer AG, Amcor Ltd., Berry Plastics Group, Inc., Aptar Group Inc., and O. Berk Company LLC among others.
Key questions addressed by the report
Global Pharmaceutical Plastic Packaging Market Report Segment
By Raw Material
By Product Type
Global Pharmaceutical plastic packaging Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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