Coherent Market Insights published a business research report on India Pharmaceutical Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. India Pharmaceutical Packaging Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Get Sample Report with Latest Industry Impact Analysis @ https://www.coherentmarketinsights.com/insight/request-sample/5284
The market for pharmaceutical packaging was priced at USD 1,573.40 Mn in the year 2021 and is expected to experience at a CAGR of 7.50% between 2022-2030. Increasing development in the production procedures for growing innovative and environment-friendly solution is pushing development of the market of India pharmaceutical packaging. Evolving common market for drug and increased developing market for drug delivery are also enabling the growth of the market.
India pharmaceutical packaging Market Drivers
Rising use of environment-friendly packages of the pharmaceuticals by several pharmaceutical companies manufacturing drug to report of the environmental apprehensions is pushing the growth of the market. Furthermore, several packaging companies are growing environment-friendly packaging products for pharmaceutical companies are further accelerating the growth of the market. For example, Amcor in 2019 has introduced high-barrier flexible, recyclable packaging that can decrease carbon footprint of a pack till 64%. Furthermore, Amcor was maiden in its area as a packaging company to promise all its recycled or reused packaging by the end of the year 2025. Thus, the aforesaid reasons have added for the environment-friendly packaging services that caused in elevating the market growth of the pharmaceutical packaging.
Increasing advancement of technology in the packaging solutions of the pharmaceuticals to provide advanced usages to the packaging solutions of the pharmaceuticals is further increasing the growth of the market. For instance, current advancement of technology in the field of packaging design like ziplock bags which is lightweight and is compact in securing the medicine. Furthermore, the future of prefilled syringes will give the patients hassle-free and secure subcutaneous option for drug delivery.
India pharmaceutical packaging Market Opportunities
Development in the sector of biotechnology directed to new introduction of parental treatment and need for new packaging products. This is anticipated to provide potential opportunities of growth for the companies in the market in the coming future.
Rising adoption of smart packaging for engagement of patient and identification is anticipated to offer opportunities of growth in the market. Several companies are now using technology of smart labeling like RFID (radio frequency identification) and NFC (near field communication) tags in tracking products and patients’ engagement.
Buy This Report And Get Upto 25% OFF – https://www.coherentmarketinsights.com/insight/buy-now/5284
India pharmaceutical packaging Market Trends
Increase in incidence of chronic/prolonged diseases owing to change of lifestyle of the consumers and eating patterns is leading to the need of many drugs. This is generating the demand of innovative solutions for pharmaceutical packaging.
The main companies are emphasizing on the application of PCR (Post-Consumer Recycled) materials/substances to help sustainability. Furthermore, several companies have established compostable material packaging solution to enhance sustainability and this tendency is estimated to last in the coming future as well
India pharmaceutical packaging Market Restraints
Changing raw material’s price applied in the solution of packaging is anticipated to hamper the growth of the market. Plastics, resins and films are mainly needed in creating packaging solution.
Strict rules of the government and criteria of packaging are further estimated to restrain the growth of the market.
India pharmaceutical packaging Market Segmentation
The market report of India pharmaceutical packaging is divided into Product and Material Type.
On the basis of product, the market is divided into parental container, specialty bags and others. Among which, Specialty bags is anticipated to control the market in the predicted period and this is credited to the increasing figure of urinary surgical and laparoscopic surgical procedures. The segment of specialty bags again is divided into urinary collection bags sterile packaging bags, blood bags and enteral feeding.
Blood bags is attaining significance in demand owing to increasing need for blood donation, rising incidence of blood associated diseases like anemia, aplastic anemia, and upswing in the process of blood transfusion.
On the basis of material type, the market is divided into aluminum, glass, pare and paperboards, plastic and polymers, foils and others. Amongst which, Plastic and polymers is anticipated to control the market in the predicted period and this is accredited to its low weight, flexibility, cost-effective characteristics. Polyvinyl chloride, polyethylene, polystyrene and polypropylene are common names of polymer applied in the plastic packaging material.
The segment of Aluminum foil is also anticipated to experience substantial development in the coming future. It is by character non-hazardous and non–toxic. Furthermore, it also provides widespread block to light, oxygen, bacteria and moisture. Therefore, aluminum foil is extensively applied in the packaging of food and pharmaceuticals.
India pharmaceutical packaging Market: Key Developments
- Amcor in August 2019 introduced AmLite , a unique, recyclable, high-barrier flexible packaging, aiding in reduction of a carbon footprint of a pack till 64%
- Amcor in August 2019 acquired Bemis, Inc. Company, a global manufacturer of flexible packaging of products & pressure sensitive materials.
- AptarGroup in August 2021 pronounced the introduction of the company’s first fully recyclable mono-material pump for beauty and personal care industry, named Future.
- Huhtamaki in January 2020 accomplished its acquisition of the asset and the operations of Mohan Mutha Polytech Private Limited (MMPPL) which is a private, flexible packaging manufacturer situated in Sri City, Andhra Pradesh, India.
- Huhtamaki in March 2020 acquired Bemis, Inc Company, a global manufacturer of flexible packaging products & pressure sensitive materials.
- Huhtamaki in November 2020 partnered with Mars and SABIC and has started to announce circular certifiable food grade polypropylene plastic into its pet food pouches.
India pharmaceutical packaging Market: Key Companies Insights
The market for IPP is very competitive in nature. This is credited to the recurrent introduction of novel technologies owing to the research and development activities by participants who add value to the company. Furthermore, the main companies are using many business strategies for developing and expanding their existence in the region and also across the entire world. Some main companies in Indian market of pharmaceutical packaging include:
- Aptar Group Inc.
- Amcor Plc.
- Uflex Limited
- Huhtamaki Plc.
Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/5284
Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 India Pharmaceutical Packaging Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: India Pharmaceutical Packaging Industry Impact
Chapter 2 India Pharmaceutical Packaging Competition by Types, Applications, and Top Regions and Countries
2.1 India Pharmaceutical Packaging (Volume and Value) by Type
2.3 India Pharmaceutical Packaging (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 India Pharmaceutical Packaging Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 India Pharmaceutical Packaging Market Forecast (2023-2030)
Chapter 6 Conclusions
Research Methodology
Continued….
About Coherent Market Insights
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Contact Us
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame
CA 94010, United States
Email: sales@coherentmarketinsights.com
Phone: U.S.: +1-206-701-6702
U.K.: +44-020-8133-4027
JAPAN: +81-50-5539-1737
INDIA: +91-848-285-0837