Pharmaceutical Grade Silica Gel Strategic Business Report 2024 - Increasing Use of Pharmaceutical Grade Silica Gel as a Desiccant in Drug Packaging Fuels Market Growth for Moisture-Control...
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Source: Yahoo! Finance
The global market for Pharmaceutical Grade Silica Gel was estimated at US$104.2 Million in 2023 and is projected to reach US$184.5 Million by 2030, growing at a CAGR of 8.5% from 2023 to 2030. What Are the Emerging Trends in the Pharmaceutical Grade Silica Gel Market? Several trends are emerging in the pharmaceutical grade silica gel market as the industry continues to adapt to changing demands in the pharmaceutical sector. One key trend is the growing emphasis on sustainability and environmentally friendly manufacturing processes. As pharmaceutical companies face increasing pressure to reduce their environmental footprint, the demand for eco-friendly desiccant solutions, including silica gel, is rising. Manufacturers are focusing on reducing waste and energy consumption in the production of silica gel, as well as developing biodegradable silica-based products that meet environmental standards. Another significant trend is the increasing use of pharmaceutical grade silica gel i
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