China Pharmaceutical Contract Packaging Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “China pharmaceutical contract packaging market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the China pharmaceutical contract packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The China pharmaceutical contract packaging market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.
Pharmaceutical contract packaging comprises the outsourcing of packaging services by pharmaceutical companies. It is equipped with advanced technologies and expertise that handles a wide range of pharmaceutical products, such as medications, medical devices, and healthcare products. It involves the specialized packaging of pharmaceutical products by third-party companies that allows pharmaceutical manufacturers to focus on their core competencies while ensuring efficient and compliant packaging solutions. As it assists in ensuring the safe, accurate, and reliable packaging of pharmaceutical products in compliance with regulatory standards, the demand for pharmaceutical contract packaging is rising in China.
China Pharmaceutical Contract Packaging Market Trends and Drivers:
At present, the increasing need for efficient and cost-effective packaging solutions represents one of the major factors supporting the market growth in China. In addition, the growing demand for personalized and innovative packing solutions to enhance customer satisfaction is offering a positive market outlook in the country. Apart from this, the increasing adoption of pharmaceutical contract packaging, as it allows businesses to streamline operations, reduce production costs, and ensure compliance with intricate packaging regulations, is propelling the growth of the market in China. Additionally, the growing incorporation of features, such as tamper-evident seals, child-resistant packaging, and patient-friendly packaging formats, is positively influencing the market in the country. Furthermore, the rising popularity of advanced technologies, such as smart packaging and serialization, to provide enhanced product security is strengthening the growth of the market in China.
The report segmented the market on the basis of region, industry, type and packaging.
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:
- Guangdong
- Jiangsu
- Shandong
- Zhejiang
- Henan
- Others
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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