GITNUX MARKETDATA REPORT 2024

Pharmaceutical Desiccant Industry Statistics

The Pharmaceutical Desiccant Industry is expected to show steady growth due to increasing demand for moisture control solutions in pharmaceutical packaging.

Statistic 1

"Usage of pharmaceutical desiccants can extend the shelf life of drugs by up to 50%."

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Statistic 2

"The global pharmaceutical desiccant market was valued at approximately USD 1.07 billion in 2020."

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Statistic 3

"Polyethylene glycol is emerging as an alternative desiccant material in pharmaceutical packaging."

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Statistic 4

"Asia-Pacific is expected to be the fastest-growing region in the pharmaceutical desiccant market during the forecast period."

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Statistic 5

"The pharmaceutical desiccant market in India is expected to witness significant growth due to the expanding pharmaceutical sector."

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Statistic 6

"North America held a market share of approximately 40% in the pharmaceutical desiccant industry in 2020."

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Statistic 7

"The increasing prevalence of chronic diseases is driving the demand for pharmaceuticals, thereby increasing the need for desiccants."

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Statistic 8

"Desiccant canisters are widely used in pharmaceutical packaging due to their easy integration into various container systems."

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Statistic 9

"The strategic collaborations between pharmaceutical companies and packaging solution providers are expected to foster innovation in desiccant products."

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Statistic 10

"Silica gel is the most commonly used desiccant in the pharmaceutical industry, accounting for over 35% of the market share."

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Statistic 11

"The growth of e-commerce in the pharmaceutical sector is expected to increase the demand for desiccants for packaging."

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Statistic 12

"The European pharmaceutical desiccant market is expected to grow at a CAGR of 3.5% from 2021 to 2027."

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Statistic 13

"Desiccant tablets are preferred for their ease of use in unit-dose packaging."

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Statistic 14

"The pharmaceutical desiccant market is anticipated to grow at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028."

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Statistic 15

"The stringent regulatory requirements for drug packaging are boosting the demand for pharmaceutical desiccants."

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Statistic 16

"Technological advancements in packaging solutions are expected to drive market growth."

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Statistic 17

"The increasing demand for biopharmaceuticals is a key factor driving the pharmaceutical desiccant market."

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Statistic 18

"The demand for moisture-control solutions in the pharmaceutical industry is expected to increase by 5% annually."

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Statistic 19

"By 2028, the pharmaceutical desiccant market is projected to reach USD 1.53 billion."

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Statistic 20

"The pharmaceutical desiccant industry is heavily influenced by advancements in drug formulation technologies."

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