United States Pharmaceutical Contract Packaging Market By Size, Share, Trends and Growth 2022-2027
The United States pharmaceutical contract packaging market is expected to exhibit a CAGR of 7.74% during 2022-2027.
According to the latest report by IMARC Group, " United States Pharmaceutical Contract Packaging Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the United States pharmaceutical contract packaging market is expected to exhibit a CAGR of 7.74% during 2022-2027.
Pharmaceutical contract packaging represents the procedures of outsourcing secondary operations of packaging drugs, vaccines, and other pharmaceutical products to third-party companies. It comprises of several services, such as product assembling, designing drug packing, labeling of vials, auto-injectors, pre-filled syringes, etc., and testing of the packed items. Pharmaceutical contract packaging solutions even assist in supply chain management, barcoding, regulating production, warehousing, fabrication, prototyping, and other processes. Consequently, they are in extensive demand among pharmaceutical companies in the United States.
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Year considered to estimate the market size:
- Base year of the analysis: 2021
- Historical period: 2016-2021
- Forecast period: 2022-2027
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
United States Pharmaceutical Contract Packaging Market Trends and Drivers:
The elevating adoption of innovative and environment-friendly packaging techniques, owing to the rising environmental concerns and stringent regulations imposed by government bodies, is primarily driving the United States pharmaceutical contract packaging market. Besides this, the growing automation in managing bottle orientation, capping, and collation systems to reduce the risk of human handling errors is also positively influencing the market across the country.
Moreover, the introduction of plastic and polymer-based packaging products that prove to be chemically inert, have low water vapor permeability, and are convenient to handle is acting as another significant growth-inducing factor. Additionally, the inflating investments by key players in research and development (R&D) activities and the escalating production of generics are expected to augment the United States pharmaceutical contract packaging market in the coming years.
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Key Market Segmentation:
The report has segmented the market on the basis of region, industry, type and packaging
Breakup by Industry:
- Small Molecule
Breakup by Type:
Breakup by Packaging:
- Plastic Bottles
- Caps and Closures
- Blister Packs
- Prefilled Syringes
- Parenteral Vials and Ampoules
Breakup by Geography:
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