Market Overview 2022-2027:

The latest research study “United States Pharmaceutical Contract Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the United States pharmaceutical contract packaging market is expected to exhibit a CAGR of 7.74% during 2022-2027.

Industry Definition and Application:

Pharmaceutical contract packaging represents the procedures of outsourcing secondary operations of packaging drugs, vaccines, and other pharmaceutical products to third-party companies. It comprises of several services, such as product assembling, designing drug packing, labeling of vials, auto-injectors, pre-filled syringes, etc., and testing of the packed items. Pharmaceutical contract packaging solutions even assist in supply chain management, barcoding, regulating production, warehousing, fabrication, prototyping, and other processes. Consequently, they are in extensive demand among pharmaceutical companies in the United States.

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Market Trends:

The elevating adoption of innovative and environment-friendly packaging techniques, owing to the rising environmental concerns and stringent regulations imposed by government bodies, is primarily driving the United States pharmaceutical contract packaging market.

Besides this, the growing automation in managing bottle orientation, capping, and collation systems to reduce the risk of human handling errors is also positively influencing the market across the country. Moreover, the introduction of plastic and polymer-based packaging products that prove to be chemically inert, have low water vapor permeability, and are convenient to handle is acting as another significant growth-inducing factor.

Additionally, the inflating investments by key players in research and development (R&D) activities and the escalating production of generics are expected to augment the United States pharmaceutical contract packaging market in the coming years.

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Key Market Segmentation:

The report has been segmented the market into following categories:

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 Geography:

• Northeast
• Midwest
• South
• West

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:

Company Name: IMARC Group
Contact Person: Elena Anderson
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City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com