Pharmaceutical Packaging Market Expected to Reach $149.25 Billion by 2026

January 19, 2019

article resource：Packaging Strategies

According to the report, "Pharmaceutical Packaging - Global Market Outlook (2017-2026)" by Research and Markets (researchandmarkets.com), the pharmaceutical packaging market accounted for $70.16 billion in 2017 and is expected to reach $149.25 billion by 2026 growing at a CAGR of 8.75 percent during the forecast period.

Some of the key factors favoring the growth of the market are growing pharmaceutical industry in emerging economies, growing demand for drug delivery devices and blister packaging. Additionally, rapid increase in the growth of the primary pharmaceutical packaging, growth in global demand for primary pharmaceutical packaging are opportunities for market growth.

However, increasing overall packaging costs owing to dynamic regulatory measures and stringent regulations set by various governing bodies are acts as restrains the growth of the market.

Based on type, the plastic bottle segment holds the largest market share. The growth of this segment can be attributed to ease of production of plastic bottles, wide acceptance of plastic bottles in the pharmaceutical industry, and protection provided by them to medicines from harsh environments, such as snow and moisture, among others.

Based on end-user, the pharmaceutical packaging segment witnessed considerable market growth due to in-house packaging facilities in the manufacturing locations of industry participants.

About ECPAKLOG

ECPAKLOG is a first and worldwide trade fair focusing on e-commerce packaging and supply chain, which debuted in 2017 in Shanghai by M. Success Media Group and ChinaPak Exhibition Services Co., Ltd. ECPAKLOG provides solutions and future trends that help E-commerce continue to grow profitably from the packaging and supply chain sectors. Topics covered include: efficiency improvements - e-commerce automatic packaging, sustainability - eco-friendly packaging and recycling, humanized packaging-Easy-to-open, ready-to-ship, frustration-free, data collection and marketing- IoT smart packaging etc.

Meanwhile ECPAKLOG 2019 will be held in conjunction with the 3rd UREXPO (Unattended Retail Conference and Exhibition) It is expected more than 750 exhibitors will display various packaging and retail technologies, providing one-stop platform for omni-channel retailing technology and solutions.

Exhibition Time
2019/8/21-22 9:00-17:00
2019/8/23 9:00-15:00

Venue
National Exhibition and Convention Center · Shanghai
No.333, Songze Avenue, Qingpu District, Shanghai