Demand for Pharmaceutical Packaging Highest in North America

The pharmaceutical industry growing rapidly across the globe, owing to the surging patient pool. Moreover, in countries such as China, the population is increasing swiftly as well, along with growing awareness among people regarding different medicinal drugs, which is further leading to the expansion of the industry. As the prevalence of diseases around the globe is increasing due to changing lifestyles, the need for effective medication is growing as well. In addition to this, several technological advancements have also been taking place regarding packaging of pharmaceutical products, which is an important aspect of the industry.

Attributed to all these factors, the global pharmaceutical packaging market is predicted to advance at a considerable pace in the years to come, as per a report by P&S Intelligence. The major aim of pharmaceutical packaging is to protect the medicine from outside factors that may prove harmful. Some factors that are considered when it comes to pharmaceutical packaging include its convenience and accessibility for aged people and its resistant mechanisms so that a child doesn’t get access to the drug. Different types of pharmaceutical packaging are blister packs, plastic bottles, and vials, out of which, the demand for plastic bottles has been significantly high in the past.

Get the sample copy of the market analysis at: https://www.psmarketresearch.com/market-analysis/pharmaceutical-packaging-market/report-sample

Out of these, the largest demand is expected to be created for oral drug delivery in the coming years, which is primarily due to the fact that this is the easiest and most efficient method of drug delivery. Apart from this, the demand for packaging materials is also expected to increase significantly for injectable drugs in the near future, which is because of the rising utilization of injectables for treating diabetes and cancer. The various types of raw materials that are utilized for making pharmaceutical packaging are paperboard, glass, polyester, high-density polyethylene, polypropylene, low-density polyethylene, aluminum foil, and polyvinyl chloride.  

The demand for polymer is predicted to considerably high in the years to come, due to its longer shelf life and ability to provide protection against degradation and contamination. Geographically, North America has been the largest pharmaceutical packaging market up till now, which can be ascribed to the high per capita income on healthcare, increasing geriatric population, and growing prevalence of diseases in the region.

Hence, the demand for pharmaceutical packaging is growing due to the rising population and surging patient pool across the globe.