The industry is yet to achieve its full potential in Africa, the region promises substantial growth over the forecast period owing to economic developments in countries such as South Africa and Nigeria.
Sub-Saharan Africa, in particular, is likely to support the demand for pharmaceutical packaging products throughout the forecast period backed by significant economic development.
Emerging economies across the globe have stimulated international players to setup their manufacturing plants on the back of rising pharmaceutical exports in the previously mentioned countries .
The global pharmaceutical packaging market size is expected to reach USD 158.24 billion by 2025.
It is expected to register a CAGR of 8.3% during the forecast period.
The market is driven by increasing consumption of pharmaceutical packaging materials in emerging economies, most notably in China, Brazil, and India.
This is in reaction to increasing government spending on healthcare infrastructure in these countries.
The market is driven by the increasing demand for blister packaging solutions for the packaging of drug items/products.
The employment of blister packaging materials helps grow the shelf life of pharmaceutical products while offering amplified transparency in packages.
