NEW YORK , Sept. 18, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global pharmaceutical contract packaging market size is estimated to grow by USD 9.32 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 16.54% during the forecast period. Rising R and D spending in pharmaceutical industry is driving market growth, with a trend towards opportunities due to patent expiration of drugs.
However, high cost of anti-counterfeit packaging technology poses a challenge. Key market players include Amcor Plc, AmerisourceBergen Corp., AptarGroup Inc.
, Becton Dickinson and Co., Berlin Packaging LLC, Berry Global Inc., Bilcare Ltd.
, Catalent Inc., CCL Industries Inc., Constantia Flexibles Group GmbH, Datwyler Holding Inc.
, FedEx Corp., Gerresheimer AG, Jabil Inc., James Alexander Corp.
, KP Holding GmbH and Co. KG, Pharma Packaging Solutions, Precision Concepts International, SCHOTT AG , and WestRock Co..
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Pharmaceutical Contract Packaging Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 16.54% Market growth 2024-2028 USD 9323.
6 million Market structure Fragmented YoY growth 2022-2023 (%) 12.77 Regional analysis North America, APAC, Europe, Middle East and Africa, and South America Per.