Forecast of the global pharmaceutical packaging box materials market size in 2021

Pharmaceutical packaging box materials refer to materials used to meet product packaging requirements such as manufacturing packaging containers, packaging decoration, packaging printing, packaging and transportation. It includes metal, plastic, glass, ceramics, paper, bamboo, wild mushrooms, and natural Main packaging materials such as fibers, chemical fibers, and composite materials, as well as auxiliary materials such as coatings, adhesives, strapping, decoration, and printing materials

The global pharmaceutical packaging materials industry has a high degree of concentration. Companies in developed countries occupy a major market share in the industry, and their product types, technical levels, and research and development capabilities are all at the leading level in the industry. In 2018, the market size of the global pharmaceutical packaging industry reached 94.1 billion U.S. dollars, with an average annual compound growth rate of 5.65% from 2016 to 2018, and is expected to reach a market size of 111 billion U.S. dollars in 2021.

Data source: Compiled by China Commercial Industry Research Institute

As one of the world's largest emerging pharmaceutical markets, the pharmaceutical packaging materials industry in emerging markets such as the Asia-Pacific region is in a growth stage, and its growth rate is higher than that of other regions. On the one hand, the economic development speed of emerging markets in the past ten years is higher than the global average. Multinational pharmaceutical companies have gradually regarded emerging markets as important growth points for their product sales, and invested a lot of funds and resources to develop business in emerging markets; on the other hand, emerging markets The cost of human resources in the market is much lower than that in Europe and the United States. Whether it is personnel involved in product technology research and development or personnel engaged in product marketing, their costs have significant advantages. Countries such as China and India will become the fastest growing pharmaceutical packaging materials in the world market.