The global temperature-controlled pharmaceutical containers market is expected to create an opulent growth opportunity over the projection period by registering an impressive CAGR of 8.5%. The global market is expected to reach a valuation of US$ 4.9 Bn in 2022 and surpass US$ 11.2 Bn by 2032 . The sales of temperature-controlled pharmaceutical containers market are anticipated to bolster with the top 3 countries estimated to hold around 35-40% of the market by the end of 2022.
In 2021, the global temperature-controlled pharmaceutical containers market is predicted to hold around 13-15% of the global pharma packaging market worth US$ 319 Bn. On the basis of region, North America and Europe, collectively, are projected to account for more than 2/3rd of the market share in 2022.
According to the Future Market Insights (FMI) analysis, the global temperature-controlled pharmaceutical containers market witnessed a robust CAGR of 7.2% across the historic forecast period with a market value of US$ 4.5 Bn in 2021 from US$ 2.8 Bn in 2015. The global pharmaceutical e-commerce industry is witnessing high growth due to the increase in overall demand for effective medicines.
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Key Takeaways
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Competitive Landscape
Prominent market players operating in temperature-controlled pharmaceutical containers are aimed at expanding their production capabilities in order to meet the growing demand.
They are also forming alliances and eyeing acquisition strategies to expand their resources.
While on the other hand, some of the other key players are developing new products in order to meet customer needs and gain a competitive advantage. Furthermore, these companies are focusing on upgrading their facilities to cater to the demand.
More Insights into the Temperature Controlled Pharmaceutical Containers Market
India is considered the 3 rd largest pharmaceutical industry in terms of volume as compared to all other countries across the globe. With surging developments in pharmaceutical manufacturing and supplying generic formulations across the globe, the demand in the temperature-controlled pharmaceutical containers market is expected to increase over the forecast period. Indian pharmaceutical industry is expected to surge at a robust CAGR of 9.5% over the assessment period from 2022 to 2032.
Temperature Controlled Pharmaceutical Containers Market by Category
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