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We expect the India pharmaceutical contract packaging market to exhibit a CAGR of 9.29% during 2022-2027.
The growing adoption of plastic and polymer packaging, owing to their high dimensional strength and resistance to heat and flame, is primarily driving the India pharmaceutical contract packaging market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing requirement for pharmaceutical contract packaging for assembling and packaging medicines and vaccines, to mitigate the spread of the coronavirus infection.
Based on the industry, the India pharmaceutical contract packaging market can be categorized into small molecule, biopharmaceutical, and vaccine. Among these, the small molecule industry accounts for the majority of the total market share.
Based on the type, the India pharmaceutical contract packaging market has been segregated into sterile and non-sterile, where sterile currently holds the largest market share.
Based on the packaging, the India pharmaceutical contract packaging market can be bifurcated into plastic bottles, caps and closures, blister packs, prefilled syringes, parenteral vials and ampoules, and others. Currently, plastic bottles exhibit a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where South India currently dominates the India pharmaceutical contract packaging market.
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