# Global Parenteral Products Packaging Market to Grow with a CAGR of 8.8% During 2021-2029; Market to Witness Growth on Account of the Growing Demand for Advanced Pharmaceutical Packaging Products Research Nester has released a report titled “[Parenteral Products Packaging Market](https://www.researchnester.com/reports/parenteral-products-packaging-market/3276): Global Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market. In the United States, 6 out of 10 adults suffer from a chronic disease, according to the statistics by the United States Centers for Disease Control and Prevention (CDC). Further, 4 out 10 adults in the same country had two or more chronic diseases. Read More @https://www.researchnester.com/reports/parenteral-products-packaging-market/3276 The statistics portray the growing concern for the increasing incidences of chronic diseases worldwide which is driving the need for advanced research and developments for the development of medicines that can help treat patients from such diseases. Backed by the growing healthcare expenditure worldwide, pharmaceutical companies are increasingly working on to develop novel drugs. But a major concern that lies among them apart from the discovery of the drugs is how to transport them safely throughout the world. Owing to such concerns, there is a growing demand for advanced packaging products in the pharmaceutical industry that can promote safe transportation of medicines. Such a factors is expected to drive the growth of the global parenteral products packaging market in the coming years. The global parenteral products packaging market is anticipated to grow with a CAGR of 8.8% during the forecast period, i.e., 2021-2028. The market is estimated to garner a revenue of USD 20867.6 Million by the end of 2028, up from USD 9002.6 Million in 2019. Based on material type, the market is segmented into glass and plastic. Amongst these segments, the plastic segment is expected to grow with the highest CAGR of 10% during the forecast period. Alternatively, the glass segment is expected to hold the largest market share during the forecast period. The glass segment is further divided into borosilicate glass, aluminosilicate glass, and others. Out of these, the borosilicate glass segment is expected to hold the largest revenue of USD 10275.6 Million by the end of 2028. Geographically, the global parenteral products packaging market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Out of these, the market in the North America region is anticipated to attain the largest market revenue of USD 6934 Million by the end of 2028. The North America parenteral products packaging market is further projected to grow with a CAGR of 8.8% during the forecast period. Further, the market in Europe is expected to attain the second leading stance by attaining a revenue of USD 6014.4 Million by the end of 2028. However, the complex regulatory approvals for commercialization of packaging products, is one of the major factors projected to hamper the market growth. This report also provides the existing competitive scenario of some of the key players of the global parenteral products packaging market, which includes company profiling of UFP Technologies, Inc., SCHOTT AG, Gerresheimer AG, UDG Healthcare plc, West Pharmaceutical Services, Inc., SiO2 Medical Products Inc., Stevanato Group, Berry Global Inc., NIPRO EUROPE GROUP COMPANIES, Corning Incorporated, and others. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Parenteral Products Packaging Market: Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall global parenteral products packaging market industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global parenteral products packaging market in the near future. Request Report Sample@ https://www.researchnester.com/sample-request-3276 Research Nester is a leading service provider for strategic market research and consulting. 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