Global market for pharmaceutical packaging machinery

According to a new report by Stratistics, the global pharmaceutical packaging machinery market is expected to reach $8.25 billion by 2022 growing at a CAGR of 9.60% during the forecast period 2014 to 2022. Rapid growth of the pharmaceutical industry, growing demand for drug delivery devices & blister packaging and nanotechnology contribute to the market growth.
Challenges in emerging markets, increasing overall packaging costs, strict global health rules and environmental and political norms are some of the key factors hampering the market growth. Global demand for primary pharmaceutical containers poses plenty of opportunities for the vendors involved in this market.
Click here for more information about the report.

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