India Pharmaceutical Contract Packaging Market Trends, Share, Size, Growth, and Forecast 2023-2028
According to the latest report by IMARC Group, titled “India Pharmaceutical Contract Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” provides an extensive analysis of the industry, including India pharmaceutical contract packaging market forecast, share, trends, and growth opportunities. The report also covers competitor and regional analysis and the latest advancements in the market. The India pharmaceutical contract packaging market is expected to exhibit a growth rate (CAGR) of 8.9% during 2023-2028.
India Pharmaceutical Contract Packaging Market Overview:
Pharmaceutical contract packaging represents the outsourcing of secondary operations, including labeling, to third-party suppliers. It is flexible, profitable, cost-effective, etc., and saves time. Various pharmaceutical companies hire contract packagers to assemble their products and package them. They provide cardboard packaging, blister packaging, kitting, liquid dispensing and packaging, parental labeling, sterilization, etc. This process offers optimum pharmacological effects to patients. It helps in keeping up with the dynamic market scenario and efficiently sorts issues arising from complex packaging requirements. Consequently, pharmaceutical contract packaging finds wide-ranging applications across India.
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India Pharmaceutical Contract Packaging Market Trends:
The increasing usage of radiofrequency identification technology and plasma impulse chemical vapor deposition or PICVD coating technology is primarily driving the India pharmaceutical contract packaging market. Additionally, the development of temperature-stable pharma solutions with improved properties by leading manufacturers and the growing investments in R&D activities are further bolstering the market growth. Besides this, the widespread adoption of polymer and plastic packaging, owing to the high dimensional strength and resistance to heat and flame, is acting as another significant growth-inducing factor.
Moreover, the rising consumer environmental concerns are propelling the demand for environmentally friendly and sophisticated pharmaceutical contract packaging, thereby catalyzing the market growth across the country. Apart from this, the lack of standardized packaging solutions in the pharmaceuticals industry and the inflating need for generic drugs are also augmenting the market growth. Furthermore, the introduction of smart labels and strategic collaborations among leading medical companies are projected to fuel the India pharmaceutical contract packaging market in the coming years.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-pharmaceutical-contract-packaging-market
Key Market Segmentation:
Breakup by Industry:
- Small Molecule
- Biopharmaceutical
- Vaccine
Breakup by Type:
- Sterile
- Non-Sterile
Breakup by Packaging:
- Plastic Bottles
- Caps and Closures
- Blister Packs
- Prefilled Syringes
- Parenteral Vials and Ampoules
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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