The India Pharmaceutical Packaging Market is driven by digital innovation
Key players operating in the India pharmaceutical packaging are IBM Corporation, Lucid Work Incorporation, Microsoft Corporation, Dassault Systems S.A., Oracle Corporation, X1 Technologies Inc., SAP AG, Coveo Corporation, and Attivio Software Incorporation. These players are focusing on developing innovative packaging solutions to meet the growing requirements of the pharmaceutical industry. For instance, IBM Corporation provides blockchain technology based solutions to tackle issues like counterfeiting of drugs.
The demand for India Pharmaceutical Packaging Market Size is expected to significantly rise over the forecast period. This can be attributed to factors like increasing healthcare expenditure, growing generics market, rising medicine consumption and expansion of pharmaceutical companies in the country. Moreover, growth in medical tourism is also boosting the demand.
Several pharmaceutical packaging manufacturers are exploring opportunities in the global market. They are enhancing their presence across international markets through exports and by establishing manufacturing units abroad. Also, many foreign players are setting up facilities in India to leverage its large market potential and low production costs. This is positively impacting the growth of the India pharmaceutical packaging market.
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