Pharmaceutical Desiccants Market Analysis | Size, Growth, Report Trending, Share, Demand, Overview, Report Overview
Market Synopsis According to the MRFR analysis, the global pharmaceutical desiccants market Analysis was valued at USD 93,167.16 thousand in 2020 and is projected to reach USD 144,840.70 thousand by 2030 at a CAGR of 4.77%. Pharmaceutical desiccants are broadly classified into these types—silica gel, activated, carbonclay desiccant and molecular sieves. The growth of the global pharmaceutical desiccants market is mainly driven by the growing geriatric population and expanding pharmaceutical and packaging industries. Pharmaceutical desiccants help to protect the product from external impurities, such as bacteria. However, the high production cost and requirement of advanced technology for the manufacturing of desiccants is expected to be the key factor hampering the growth of the global market in the coming years. Competitive Landscape The global pharmaceutical desiccants market growth is highly fragmented and consists of many organized and unorganized industry players. Manufactur