Daily Newsletter

03 June 2024

Daily Newsletter

03 June 2024

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Pharmaceutical Packaging Market Overview

Per GlobalData, the pharmaceutical packaging market was valued at $127.0 billion in 2023 and is expected to grow at a CAGR of >6% over the forecast period (2023-2030). The rise in demand for generics, biosimilars, and vaccines globally, is supporting the growth of the corresponding packaging requirements. In addition, the industry is witnessing manufacturing advancements with the introduction of innovative solutions such as BFS vials, anti-counterfeit solutions, AI-equipped inspection, and smart packaging techniques.

Pharmaceutical Packaging Market Overview

Per GlobalData, the pharmaceutical packaging market was valued at $127.0 billion in 2023 and is expected to grow at a CAGR of >6% over the forecast period (2023-2030). The rise in demand for generics, biosimilars, and vaccines globally, is supporting the growth of the corresponding packaging requirements. In addition, the industry is witnessing manufacturing advancements with the introduction of innovative solutions such as BFS vials, anti-counterfeit solutions, AI-equipped inspection, and smart packaging techniques.

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