The pharmaceutical packaging market is constantly faced with new challenges and fierce competition. The stakes are high, as are the risks companies will take. With global pharmaceutical sales crossing the $1 trillion mark, according to the 2015 CMR International Pharmaceutical R&D Executive Summary, pharmaceutical packaging is more competitive than ever.
Factors contributing to market growth include demand of advanced pharmaceutical packaging solutions, such as anti-counterfeiting and serialization solutions, and both U.S. and international regulations, according to Pharmaceutical Packaging Market - Forecasts from 2016 to 2021 by Research and Markets. New products, increasing demand for blister packaging, online printing technology and investment in R&D will also drive the market.
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