Clinical Trial Packaging Market Observes Promising Growth Paths With Increased Drug Discovery Projects Globally, TMR Report Says

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Clinical Trial Packaging Market Observes Promising Growth Paths With Increased Drug Discovery Projects Globally, TMR Report Says

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Market research on transparency

Market research on transparency

Increasing consumer preference for sustainable packaging and changing government guidelines from different nations are expected to strengthen the clinical trial packaging market during the forecast period.

ALBANY, NY, March 16, 2022 (GLOBE NEWSWIRE) – The global clinical trial packaging market is estimated to grow at a CAGR of 7.3% during the forecast period from 2020 to 2027, according to a research report. of Transparency Market Research (TMR)).

Clinical trial packaging solutions are increasingly used for the storage, packaging, transportation and protection of clinical trial products. Therefore, the increased demand for products from a wide range of end users such as clinical research organizations, drug manufacturing plants and research laboratories is driving the global clinical trial packaging market.

Previously, glass was one of the key materials increasingly used in the production of different packaging solutions for clinical and pharmaceutical studies such as ampoules, vials and bottles. However, companies in the clinical trial packaging market are driving the demand for plastics as a substitute for glass, thanks to a wide range of benefits they offer, including the ability of plastic packaging solutions to help face various challenges and disadvantages of glass packaging.

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Since glass materials are fragile and heavy, the use of glass-based packaging solutions can cause damage during the shipping and transportation of various pharmaceutical products. Therefore, there is an increase in the use of packaging products made with polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP) and polyvinyl chloride (PVC) instead of glass pharmaceutical products.

Packaging products. In addition, plastic packaging solutions are gaining adoption in clinical trials due to their cost-effectiveness, robustness and ability to offer convenience during transport operations. Therefore, the trend towards using plastic packaging solutions is expected to offer considerable business opportunities in the clinical trial packaging market during the forecast period.

The clinical trial packaging market is expected to acquire profitable prospects in Asia Pacific during the forecast period, thanks to the presence of many emerging economies such as India and China, which are increasing investment in healthcare infrastructure. Furthermore, the presence of a strong pharmaceutical industry and the increase in the number of clinical research projects are expected to help stimulate the growth of the regional market.

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Clinical Trial Packaging Market: Key Findings

  • With the growing awareness of environmental concerns among consumers globally, this population pool is inclined to use products with sustainable packaging alternatives. Due to this factor, companies operating in the global clinical trial packaging market are increasing the use of sustainable packaging materials and this, in turn, is driving market growth.

  • Governmental authorities in several nations are providing financial support for research and development projects focused on the development of innovative and effective drugs targeting a wide range of health conditions. This factor is leading to revenue generating opportunities in the global clinical trial packaging market.

Clinical Trial Packaging Market: Growth Boosters

  • The increase in the number of drug discovery projects around the world is generating demand opportunities in the global clinical trial packaging market

  • Expansion of the pharmaceutical sector is expected to fuel sales prospects in the clinical trial packaging market during the forecast period

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Packaging market for clinical trials: key players

Some of the key players profiled in the report are:

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Market segmentation of clinical trial packaging

Type of packaging

  • Syringes

  • Vials and vials

  • blisters

    • Cold forming

    • Thermoforming

  • tube

  • bottles

  • Bags and pouches

  • bags

  • Kits or Packs

  • others

Material

  • plastic

  • Glass

  • Metal

  • paper

  • Corrugated fiber

End use

region

  • North America

  • Latin America

  • Europe

  • Asia Pacific (APAC)

  • Middle East and Africa

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Transparency Market Research is a global market analysis company, providing global business intelligence reports and services. Our unique combination of quantitative forecasts and trend analysis provides forward-looking information to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information.

Our data repository is continually updated and reviewed by a team of research experts, so that it always reflects the latest trends and information. With broad research and analytical capabilities, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive datasets and research material for corporate reporting.

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