SAN FRANCISCO, July 18, 2017 /PRNewswire/ --
The global pharmaceutical packaging market is expected toreach USD 158.8 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for pharmaceuticals coupled with increased emphasis on product packaging is expected to drive market growth.
Pharmaceutical packaging market comprises wide array of products. The demand for these products is expected to grow rapidly on account of fortification of medicines and drugs against exterior impacts. However, the packaging materials and products need to bear the brunt of stringent government regulations and growing market for counterfeit pharmaceuticals. Counterfeit pharmaceuticals are expected to pose a major threat to manufacturers.
North America is a dominant region in the market backed by thriving pharmaceutical industry and rapid new product introduction. Asia Pacific is anticipated to grow rapidly on account of rising pharmaceutical manufacturing in China and India. The growing trend of contract packaging in the pharmaceutical industry is expected to further augment market growth in Asia Pacific.
Browse full research report with TOC on "Pharmaceutical Packaging Market Analysis By Material (Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil), By Product (Primary, Secondary, Tertiary), By End-use And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/pharmaceutical-packaging-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global pharmaceutical packaging market on the basis of material, product, end-use and region:
Read Our Blog: http://www.grandviewresearch.com/blogs/healthcare
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: +1-415-349-0058 Toll Free: +1-888-202-9519 Email: [email protected]
SOURCE Grand View Research, Inc.
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