According to the latest report by IMARC Group, title “United States Pharmaceutical Contract Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the United States pharmaceutical contract packaging market is expected to exhibit a CAGR of 7.74% during 2022-2027.
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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.
United States Pharmaceutical Contract Packaging Market Trends:
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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|United States Pharmaceutical Contract Packaging Market Report Scope|
|Growth Rate||CAGR of 7.74% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Industry, Type, Packaging and Region|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has been segmented the market into following categories:
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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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Country: United States