The global Pharmaceutical Printed Cartons market is expected to increase at a growth rate of around 7.5% to 8% during the forecast period The market for pharmaceutical printed cartons is predicted to reach a worth of US$ 310 billion by 2033, growing at a CAGR of 5.5% from 2023 to 2033. The market is anticipated to reach a value of US$ 181.4 billion in 2023. In the historical period from 2018 to 2022, the market for pharmaceutical printed cartons had a development of 4.2% CAGR.
The pharmaceutical printed cartons market, folding boxboard material segment, and solid unbleached material segment revenue witnessed a significant share in 2021, according to the Annual Market Analysis conducted by Future Market Insights
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Pharmaceutical Printed Cartons Market: Market Outlook
The pharmaceutical industry is coming up with re-engineered packaging solutions now and then, printed pharmaceutical boxes meeting all the industry requirements are globally accepted. The printed carton boxes protect the pharmaceutical drugs & medicines packed inside from dust, moisture and temperature fluctuations, specially designed to solve the logistical problems and storage problems faced by the pharmaceutical industry.
Overall due to the exponential growth of the pharmaceutical sector and the demand for medicines witnessing growth is set to expand the pharmaceutical printed cartons market worldwide.
What Factors Are Contributing To The Growth of Pharmaceutical Printed Cartons Market?
The pharmaceutical printed cartons provide advertising space to the manufacturers and marketers to print information about the product, expiry date and the barcode on boxes allows to store and transport the products easily. Printed cardboard boxes are manufactured in various sizes, colours to suit the packaging needs for packaging pills, capsules, vaccinations and droplets.
By usage of pharmaceutical printed boxes, the product safety is ensured and it is prevented from any kind of tampering while transiting. All these factors contribute towards the growth of the pharmaceutical printed cartons market.
Which Limitations Are Hampering Growth of Pharmaceutical Printed Cartons Market?
The Inks used to print on the pharmaceutical cartons is made from harmful chemicals and harms the environment, also laminated paperboard has plastic coatings and is only partially recyclable adding to the waste generated by the pharmaceutical industry. Despite a few limitations pharmaceutical printed cartons market will witness overall growth.
What Opportunities are Ensuring Future Growth of Pharmaceutical Printed Cartons Market?
The pharmaceutical printed cartons come with leak-proof and water-resistant features along with a premium look and feel that is trending among modern consumers. Manufacturers of cartons are producing packaging cartons in compliance with all the international safety standards for pharmaceutical packaging. Also, the cartons made from paperboard are easily recyclable and fit for re-use.
All the above-mentioned factors ensure the future growth of the pharmaceutical printed carton market.
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Key Market Players of Pharmaceutical Printed Cartons Market
- Essentra plc
- CCL Industries
- 3C! Packaging, Inc.
- Keystone Folding Box Co.
- Origin Pharma Packaging
- Kane Packaging & Printing, Inc.
- Körber AG
Key Market Players in Asia-Pacific Region of Pharmaceutical Printed Cartons Market:-
- Online Print & Pack Private Limited
- Raja Tradelinks Pvt. Ltd.
- Packman Packaging Private Limited
- Earth India
- MrPaperCup
- Shree Creations
- Velpack Pvt Ltd
Global Pharmaceutical Printed Cartons Market Segmentation
Folding Type:
- Full Sealed End
- Tuck Top Snap Lock Bottom
- Reverse Tuck End
- Tuck Top Auto Bottom
- Straight Tuck End
Material:
- Solid Bleached Board
- Folding Boxboard
- White Line Chipboard
- Solid Unbleached Board
Application:
- Pills
- Tablet
- Syrup
- Liquid Drops
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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