India Pharmaceutical Packaging Market Revenues to Reach USD 29.41 billion by 2028

Hyderabad, Aug. 18, 2023 (GLOBE NEWSWIRE) — According to a new market research report titled “India Pharmaceutical Packaging Market Report (2023-2028),” the market is estimated at USD 15.75 billion in 2023. It is expected to register a CAGR of 13.30% during the forecast period.

The pharmaceutical packaging industry in India is growing due to factors such as a growing population, increased health awareness, and rising life expectancy. Environmental concerns related to traditional packaging materials and the adoption of new recycling standards are also influencing the market. Plastic packaging, including blister packs, is widely used in the pharmaceutical packaging market in India. Despite improvements in healthcare, the prevalence of chronic diseases in India is increasing rapidly. This has led pharmaceutical companies to focus on research and development, including the development of novel vaccines, which is expected to drive the pharmaceutical packaging market in the country in the coming years.

Report Summary:

Who are the Top Companies in the India Pharmaceutical Packaging Market?

The market is fragmented and is dominated by a few significant players. The major players are focusing on expanding their customer base across foreign countries by leveraging strategic collaborative initiatives. Mid-size to smaller companies are also growing their market presence by securing new contracts and tapping new markets using technological advancements and product innovations.

The significant players in the Indian pharmaceutical packaging market are,

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Key Highlights from the India Pharmaceutical Packaging Market Report:

Rapid Growth in Exports

Significant Growth in Plastic Packaging

What are the Latest Developments in the India Pharmaceutical Packaging Market?

Mordor Intelligence has Segmented the India Pharmaceutical Packaging Market Based on Material Type and Product Type.

In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the India Pharmaceutical Packaging Market Report (2023-2028).

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Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.

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