India Pharmaceutical Packaging Market, By Product Type (Specialty Bags( Urinary collection bags, Bile collection bags, Blood bags, Sterile packaging bags, Enteral feeding), Parenteral Container (Bags, Bottles, Ampoules, Vials, Cartridges, Others parenteral container, Others)), By Material Type (Glass, Aluminum foils, Plastics and polymers, Paper & paperboards, Others)

Published In : Sep 2023

Code : CMI5284

Pages :115

Formats :

Excel and PDF

Industry : Packaging

Market Challenges And Opportunities

Rapid change in prices of raw materials: Fluctuating prices of raw materials used in packaging solutions are expected to hinder market growth. Resins, plastics, and films are majorly used in developing packaging solutions. Stringent government regulations and standards for packaging are again projected to restrict market growth. Stable Raw materials Prices can boost the India Pharmaceutical Packaging market growth.

India Pharmaceutical Packaging Market: Restraints

Rapid change in prices of raw materials: Fluctuating prices of raw materials used in packaging solutions are expected to hinder market growth. Resins, plastics, and films are majorly used in developing packaging solutions. Stringent government regulations and standards for packaging are again projected to restrict market growth. Stable Raw materials Prices can boost the India Pharmaceutical Packaging market growth.

India Pharmaceutical Packaging Market: Opportunity

Increase in advancement in biotechnology sector and use of smart technology: Advancement in the biotechnology sector has led to the introduction of new parenteral therapies and the demand for novel packaging products. This is expected to offer potential growth opportunities for market players in the near future. Increasing use of smart packaging for patient engagement and identification is expected to provide major growth opportunities in the market. Various companies are now adopting smart labeling technology such as radio frequency identification (RFID) and near-field communication (NFC) tags to track products and engage with patients.