Pharmaceutical Packaging Market is projected to expand at the highest CAGR of 9.5% over the forecast period.
Pharmaceutical Packaging Industry Overview The global pharmaceutical packaging market size is expected to reach USD 265.5 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.5% from 2021 to 2030. The increasing prevalence of chronic diseases, coupled with the growth of the pharmaceutical industry, is anticipated to augment the consumption of pharmaceutical packaging products. Pharmaceutical Packaging Market Segmentation Grand View Research has segmented the global pharmaceutical packaging market on the basis of material, product, end use, and region: Based on the Material Insights, the market is segmented into Plastics & Polymers, Paper & Paperboard, Glass, Aluminum Foil, and Others. Plastics and polymers held the largest revenue share of over 35.0% in 2021. Various types of plastic resins including PE, PET, PP, PVC, PS, and bioplastic are widely used for manufacturing pharmaceu...