Pharmaceutical Packaging Market Expected to Reach $149.25 Billion by 2026
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.