Parenteral Packaging Market Will hit at a CAGR of 11.2% from 2016 to 2026
The global parenteral packaging market was valued at 7.9 Bn in 2015 and is expected to grow at a year-over-year rate of 9.5% to reach 8.6 Bn in 2016. North America will continue to be the most lucrative market, representing 27.4% revenue share of the market in 2016. Western Europe, the second largest market for parenteral packaging, will grow by 10.8% in 2016.
The global parenteral packaging market was valued at 7.9 Bn in 2015 and is expected to grow at a year-over-year rate of 9.5% to reach 8.6 Bn in 2016. North America will continue to be the most lucrative market, representing 27.4% revenue share of the market in 2016. Western Europe, the second largest market for parenteral packaging, will grow by 10.8% in 2016.
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<strong>Parenteral</strong> <strong>Packaging</strong> <strong>Market</strong><br />
The global parenteral packaging market was valued <strong>at</strong> 7.9 Bn in 2015 and is expected <strong>to</strong> grow <strong>at</strong> a year-overyear<br />
r<strong>at</strong>e <strong>of</strong> 9.5% <strong>to</strong> reach 8.6 Bn in <strong>2016</strong>. North America will continue <strong>to</strong> be the most lucr<strong>at</strong>ive market,<br />
representing 27.4% revenue share <strong>of</strong> the market in <strong>2016</strong>. Western Europe, the second largest market for<br />
parenteral packaging, will grow by 10.8% in <strong>2016</strong>.<br />
Increasing popularity <strong>of</strong> plastics & polymers over glass for production <strong>of</strong> primary packaging m<strong>at</strong>erial and<br />
global expansion <strong>of</strong> pharmaceuticals industry will continue <strong>to</strong> fuel the growth <strong>of</strong> the market in <strong>2016</strong>.<br />
Increase in the prevalence <strong>of</strong> epidemic diseases such as cancer, diabetes, hep<strong>at</strong>ic failure and chronic<br />
intestinal diseases will also play a role in ramping up demand for parenteral packaging. Favourable<br />
government policies, combined with rising adoption <strong>of</strong> injection-based tre<strong>at</strong>ment will also continue <strong>to</strong><br />
influence the market positively. Growing geri<strong>at</strong>ric popul<strong>at</strong>ion will also play a role in the overall growth <strong>of</strong> the<br />
parenteral packaging market.<br />
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On the basis <strong>of</strong> product, the prefilled syringes & cartridges segment will continue <strong>to</strong> hold the leading<br />
revenue share. This segment is expected <strong>to</strong> grow by 10.1% in <strong>2016</strong> <strong>to</strong> reach 1.2 Bn in revenues.
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