Primary Packaging Market: Is Estimated To Reach USD 150.18 Billion By 2027, At A CAGR OF 6.91 Percent During the Forecast Period.
Maximize Market Research published a report on Global Primary Packaging Market Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Type, Mode of Packaging, Application, and Region. According to MMR’s published report, Primary Packaging Market revenue is estimated to grow at 6.91 percent from 2021 to 2027, reaching USD 150.18 billion.
Primary Packaging Market Dynamics:
Throughout the forecast period, a remarkably high growth rate is anticipated for the vials packaging market. The booming pharmaceutical sector, increasing consumer demand for reliable drug packaging and drug safety, increased health consciousness, and the advent of new ailments are all factors contributing to the global market growth. For medicine packaging, a number of businesses use eco-friendly polymers and high-performance glass. This is fueling market growth in turn.
The need for primary packaging has been greatly increased by tight government regulations and requirements governing pharmaceutical packaging. Recently, regulatory requirements for medical supplies have been strengthened in various nations to maintain medicine quality and safety, limit spillage, lessen breakage, and prevent contamination. Rising demand for plastic packaging as a result of plastic’s advantages over other packaging materials, including its lightweight, accessibility, and affordability, is a major reason fueling the growth of the primary packaging market across the globe.
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Primary Packaging Market Regional Insights:
In terms of revenue, Asia-Pacific dominated the Primary Packaging market in 2021, and this dominance is expected to continue through the forecast period. The main cause of this is the steadily rising demand for products used in packaging applications, particularly those used in basic packaging applications in developing Asian nations like China, Indonesia, India, Thailand, and Malaysia.
Additionally, the packaging market is expanding quickly in nations like Brazil, South Africa, Argentina, Egypt, Saudi Arabia, and Israel over the past few years. In the upcoming years, the main packaging business should perform better thanks to the constantly increasing demand for consumer goods around the world, particularly in nations that are currently experiencing economic success.
Competitive Landscape on Primary Packaging Market:
The leading industry participants in primary packaging are primarily concentrating on emerging markets in order to take advantage of their enormous market potential. To meet the rapidly increasing demand for primary packaging from various end-user industries, these businesses are constructing high-capacity manufacturing facilities in developing countries. The primary packaging market is therefore anticipated to develop significantly during the forecast period.
Objective of the Report:
- To present a thorough overview of the market for primary packaging by Type, Mode of packaging, and region.
- To assess and predict micro markets and the overall market.
- To provide in-depth information on factors influencing the market growth (drivers, restraints, opportunities, and industry-specific restraints);
- To forecast market size in significant nations and regions, including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
- To examine and map out the competitive landscape for new product introductions, technological developments, mergers, and expansions
- Company profiling to assess their core competencies, market shares, strategy, and financials.
Primary Packaging Market Segmentation:
- Clamshell Packaging
- Blister Packs
- Paperboard Packaging
- Unit Dose Packs
By Mode of Packaging:
- Food and Beverages
- Personal Care
- Household Care
- North America
- Asia Pacific
- Middle East and Africa
- South America
Primary Packaging Market Key Players:
- Albea Group
- Amcor Ltd.
- Ardagh Group
- Capsugel Inc.
- Bemis Company, Inc.
- Clondalkin Group Holdings B.V.
- Bormioli Rocco Spa
- West Pharmaceutical Services, Inc.
- Datwyler Holding Inc.
- Gerresheimer AG
- Heinz-Glas GmbH
- Wihuri Group, Becton
- Dickinson & Company
- Hindustan National Glass & Industries Ltd.
- Koa Glass Co. Ltd.
- MeadWestvaco Corp.
- Schott AG
- Mondi plc.
- Intrapac Group
- Rexam PLC
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