LONDON--(BUSINESS WIRE)--The pharmaceutical packaging market is expected to decline by USD 36.50 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the pharmaceutical packaging market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the response, recovery, and renewal phases. Download a Free Sample Report on COVID-19
The pharmaceutical packaging market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the next normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Related Report on Materials Industries:
Global Pharmaceutical Contract Packaging Market- The pharmaceutical contract packaging market is segmented by packaging (plastic bottles, blister packs, pouches, parenteral containers, and pre-filled syringes) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report.
Global Blister Packaging Machinery Market- The global blister packaging machinery market is segmented by geography (APAC, Europe, MEA, North America, and South America) and application (pharmaceutical, food, and others). Click Here to Get an Exclusive Free Sample Report.
Major Three Pharmaceutical Packaging Market Participants:
Amcor Plc
Amcor Plc operates the business in various segments such as flexibles, and rigid packaging. The company offers Nylon DS-X, Rayopeel R laminates, and other packing products.
Ball Corp.
Ball Corp. operates the business in various segments such as beverage packaging in North and Central America, beverage packaging in South America, beverage packaging in Europe, and aerospace. The company offers different types of aerosols.
Becton, Dickinson, and Co.
Becton, Dickinson, and Co. operate the business in various segments such as BD medical, BD life sciences, and BD interventional. The company offers packing products for solid and oral medicines.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/pharmaceutical-packaging-market-industry-analysis
Pharmaceutical Packaging Market 2020-2024: Segmentation
The pharmaceutical packaging market is segmented as below:
-
Product
- Plastic Bottles
- Caps And Closures
- Blister Packs
- Pre-fillable Syringes
- Others
-
Material
- Rigid Plastic
- Flexible Plastic
- Glass
- Others
-
Geography
- North America
- Europe
- APAC
- MEA
- South America
-
Packaging
- Primary
-
Secondary
The pharmaceutical packaging market is driven by the increase in R&D spending in the pharmaceutical industry. In addition, other factors such as the rise in global pharmaceutical sales are expected to trigger the pharmaceutical packaging market toward witnessing a CAGR of almost 9% during the forecast period.
Get more insights about the global trends impacting the future of the pharmaceutical packaging market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45279
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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