Pharmaceutical Packaging Market Size to Reach $364.11 Billion by 2030, Growing at 15.8% CAGR

The Pharmaceutical Packaging Market is projected to reach $364.11 billion by 2030, growing at a CAGR of 15.8%. The main drivers of this growth are increasing incidences of chronic diseases, the expansion of injectable drug delivery, and increasing demand for smart and sustainable pack formats. The key players in the market include Amcor Plc, Gerresheimer AG, Schott AG, AptarGroup, Inc., and BD. The market is driven by growing healthcare expenditure and pharmaceutical industry in emerging economies, but is restrained by lack of access to proper healthcare in emerging economies. The opportunity for growth lies in the growing demand for primary pharmaceutical packaging, while the challenge is safeguarding counterfeit products.