Sustainable Pharmaceutical Packaging market to reach $146 Billion by 2026

The sustainable pharmaceutical packaging market is projected to grow at a CAGR of 8.5% to reach $146 billion by 2026, according to a report by MarketsandMarkets. The growth will be driven by increasing concerns over environmental impact and the need for eco-friendly packaging options.

• The sustainable pharmaceutical packaging market is expected to reach $146 billion by 2026, growing at a CAGR of 8.5% from 2021 to 2026.
• Growing concerns over the environmental impact of traditional packaging and the need for eco-friendly alternatives are driving the demand for sustainable packaging solutions.
• Sustainable packaging materials such as biodegradable plastics, paper and paperboard, and glass are gaining popularity as alternatives to traditional plastic packaging.
• Smart packaging solutions that offer features such as tamper-evidence, anti-counterfeiting, and improved drug stability are also seeing increased adoption.
• North America is expected to hold the largest market share in the sustainable pharmaceutical packaging market, followed by Europe and Asia Pacific.