Innovating Patient Safety: The Growing Demand for Advanced Pharmaceutical Packaging
Pharmaceutical Packaging Industry Overview The global pharmaceutical packaging market size is expected to reach USD 265.70 billion by 2030, registering a CAGR of 9.7% from 2024 to 2030, according to a new report by Grand View Research, Inc., The increasing prevalence of chronic diseases coupled with the growth of the pharmaceutical industry is anticipated to augment the consumption of pharmaceutical packaging products. Ban on counterfeit products in North America and Europe is expected to be a major driver for the market as major companies are likely to invest heavily in anti-counterfeit packaging products. Blow-Fill-Seal (BFS) technology allows customized design for high-quality containers with tamper-evident closures in multiple shapes and sizes. Therefore, the growing demand for anti-counterfeiting packaging along with the advent of technology is likely to support the growth of tamper-evident pharmaceutical packaging. Companies are focusing on using sustainabl...