Parenteral Packaging Market Share

Regionally, the global parenteral packaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.North America industry is estimated to dominate majority revenue share of 33% by 2037. The market in the region is further expected to grow with a CAGR of 8.8% during the forecast period. On the other hand, the market in the Asia Pacific is expected to grow with the highest CAGR of 10.8% during the forecast period. The market in Europe is expected to hold a significant market share and attain the second leading stance by attaining a revenue of USD 6014.4 Million by the end of 2028. Amongst the countries in the region, the parenteral packaging market in Germany is anticipated to hold the largest market share of 25.28% and attain a revenue of USD 1520.4 Million by the end of 2028. The growth of the market in the country can be attributed to the fact that the nation is house to some of the major pharmaceutical companies and has numerous players operating in the field of pharmaceuticals. As a result, there is a growing need for packaging products amongst these players, which is expected to accelerate the parenteral packaging market growth.