Serialization, safety and security head a long list of challenges for the pharmaceutical packaging industry in 2018
For companies involved in pharmaceutical packaging, 2018 looks like it will be a year of scrambling to meet new regulations on serialization, safety and security, while at the same time responding to market demands for personalized care and generational requirements.
The future of the global pharmaceutical packaging market looks good, according to a recent report released by MarketsandResearch.com. The global pharmaceutical packaging market is expected to reach an estimated $86.4 billion by 2023 and is forecast to grow at a CAGR of 5.5 percent from 2018 to 2023.
Pharmaceutical packaging is driven by growth of the pharmaceutical industry along with improving healthcare services in developing economies. In this market, plastic, glass, paper and aluminum foil are the main material types.