As the carrier of drugs, pharmaceutical packaging plays a very important role in ensuring the quality of drugs in the process of transportation and storage, especially in the inner packaging of direct contact drugs, the stability of the materials used has a direct impact on the quality of drugs.
In the wake of the COVID-19 outbreak in December 2019, top biotech and pharmaceutical companies are working to develop vaccines against the disease. As a result, 2020 saw a surge in demand for pharmaceutical packaging as companies such as GlaxoSmithKline (GSK), Astrazeneca, Pfizer, Johnson & Johnson, and Moderna ramped up COVID-19 vaccine production. The demand side of the pharmaceutical packaging industry will be more active in 2021, as vaccine orders from countries around the world increase.
According to preliminary estimates, the market size of the global pharmaceutical packaging industry will increase year by year from 2015 to 2021, and by 2021, the market size of the global pharmaceutical packaging industry will be 109.3 billion DOLLARS, with an average compound annual growth rate of 7.87%.
As we can offer many varieties of pharmaceutical packaging such as PVC film series, which inluding PVC/PE film, PVC/PE film for suppository, PVC/PVDC film for end pharmacies packaging.
A certain of growth is expected annually.