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COVID-19 Impacts: Pharmaceutical Contract Packaging Market will Accelerate at a CAGR of over 17% through 2020-2024|Rising R&D Spending in the Pharmaceutical Industry to Boost Growth|Technavio

LONDON–(BUSINESS WIRE)–#GlobalPharmaceuticalContractPackagingMarket–Technavio has been monitoring the pharmaceutical contract packaging market and it is poised to grow by $ 7.07 bn during 2020-2024, progressing at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.


Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AmerisourceBergen Corp., Becton, Dickinson and Co., Berlin Packaging, Berry Global Group Inc., Bilcare Ltd., CCL Industries Inc., Constantia Flexibles Group GmbH, FedEx Corp., SCHOTT AG, and WestRock Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Rising R&D spending in the pharmaceutical industry has been instrumental in driving the growth of the market. However, the high cost of anti-counterfeit packaging technology might hamper market growth.

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Pharmaceutical Contract Packaging Market 2020-2024 : Segmentation

Pharmaceutical Contract Packaging Market is segmented as below:

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Pharmaceutical Contract Packaging Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our pharmaceutical contract packaging market report covers the following areas:

This study identifies growing opportunities due to patent expiration of drugs as one of the prime reasons driving the pharmaceutical contract packaging market growth during the next few years.

Pharmaceutical Contract Packaging Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the pharmaceutical contract packaging market, including some of the vendors such as AmerisourceBergen Corp., Becton, Dickinson and Co., Berlin Packaging, Berry Global Group Inc., Bilcare Ltd., CCL Industries Inc., Constantia Flexibles Group GmbH, FedEx Corp., SCHOTT AG, and WestRock Co. Backed with competitive intelligence and benchmarking, our research reports on the pharmaceutical contract packaging market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Pharmaceutical Contract Packaging Market 2020-2024 : Key Highlights

Table Of Contents :

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Customer Landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

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