Global pharmaceutical packaging equipment market

23 March 2016

According to a new report by MarketsandMarkets (M&M), the global pharmaceutical packaging equipment market is projected to grow at a CAGR of 6.9% during the forecast period to reach USD 7.24 Billion by 2020. The presence of a well-established pharmaceutical market and rising R&D activities are responsible for North America’s high share in the market.
Growth is attributed the growing generics market; rising need for novel and flexible packaging equipment; stringent regulatory compliance and validation processes compelling the replacement of older equipment; and growing offshore and contract manufacturing in the pharmaceutical market (Press Release M&M, 10 February 2016).
Click here for the press release.
Click here for more information about the report.
Click here for more information about the NVC E-Course Pharmaceutical Packaging.

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