The Asia-Pacific pharmaceutical packaging market is estimated to grow at a significant CAGR of 9.1% during the forecast period. The market growth is attributed to the increasing demand for drugs in the region owing to the presence of huge geriatric population pool coupled with the rising prevalence of chronic diseases.
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A significant rise in the prevalence of diabetes has been witnessed over the years in the region. Increased preferences of people towards insulin in comparison with drugs is fueling the growth of the market. For instance, in 2019, there were around 72.96 million cases of diabetes in adult population of India. With such a high prevalence of diabetes in the region, the demand for insulin increases, which in turn, will create demand for packaging solutions.
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Asia-Pacific Pharmaceutical Packaging Market- Segmentation
By Type
- Primary
- Secondary
By Material Type
- Plastic & Polymer
- Paper & Paperboard
- Others
Asia-Pacific Pharmaceutical Packaging Market– Segment by Region
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- ASGEN Pharmaceutical Co., Ltd.
- Ajanta Bottle Pvt. Ltd.
- Gerresheimer Group
- Himalayan Group of Industries
- Hindustan National Glass & Industries Ltd.
- Nipro Corp.
- Piramal Enterprises Ltd.
- Schott AG
- SGD SA
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