Report forecast the Global Pharmaceutical Packaging
market to grow at a CAGR of 5.90 percent over the period 2014-2019.
Pharmaceutical packaging products are used to
protect pharmaceuticals so that they remain unscathed by any external toxins
and microbial activity, and thus, have an extended shelf life. Drug
manufacturers have to abide by international compliance jurisdictions enforced
by the regulatory authorities, which ensure packaging is a critical element in
the drug delivery process to the final point of purchase. Various raw materials
such as plastic resins, glass, paper and paperboard, aluminum, and other metals
are used for the construction of pharmaceutical packaging materials. These
packages are available in a broad range of products, such as bottles,
parenteral containers, blister packs, caps, closures, pre-fillable syringes,
and tubes.
The Global Pharmaceutical Packaging market can be
divided into nine segments based on the product type: Plastic Bottles, Caps and
Closures, Blister Packs, Pre-fillable Syringes, Parenteral Containers,
Pre-fillable Inhalers, Pouches, Medication Tubes, and Other Packaging. It can
be divided into four categories based on the type of material used: Plastic
Pharmaceutical Packaging, Paper and Paperboard Pharmaceutical Packaging, Glass
Pharmaceutical Packaging, and Other Materials Packaging. The key customers of
these packaging materials are pharmaceutical manufacturers.
According to the report, one of the major drivers
of the market is increased adoption of pre-fillable syringes. These syringes
are growing in popularity because of the increase in chronic diseases where
patients need to self-administer drugs many times a week. This is fueling
innovations in syringes such as multi-chambered syringes and technology to
reduce leachables and extractables. They offer several advantages such as
minimization of drug waste, increasing useful product life, and convenience in
drug administration. Presently, these syringes are integrated with advanced
delivery systems such as pens and autoinjectors.
Further, the report states that one of the key
challenges of the market is the fragmentation of the market. Most of the
players operating in the market are micro, small, and medium-sized enterprises.
The business models of these companies are different from those of large
corporations. The larger companies are capital-intensive and concerned with
value-added activities such as material production, innovation in products, and
high-volume supplies. This increases the unit cost of production for these
companies. With regional and local vendors providing substitute products at
much lower prices, there is an increase in price wars. When larger corporations
try to emulate this strategy to maintain their market share, they risk the
chance of lower profitability, which affects their investments in R&D and
product development.
Global Pharmaceutical Packaging Market 2015-2019,
has been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers North America, Western Europe, the APAC region, and
the ROW; it also covers the Global Pharmaceutical Packaging market landscape
and its growth prospects in the coming years. The report also includes a
discussion of the key vendors operating in this market.
Key players in the Global Pharmaceutical Packaging
Market: Amcor Ltd., Bemis Healthcare Packaging Inc., Gerresheimer AG,
MeadWestvaco Corp., Owens-Illinois Inc. and West Pharmaceutical Services Inc.
Other Prominent Vendors in the market are: Air
Packaging Technologies, Alexander, American Health Packaging, Aptargroup,
Barger Packaging, Becton, Dickinson & Company, Cardinal Health, Catalent
Pharma Solutions, CCL Industries, Clondalkin Group Holdings, Constantia Flexibles,
CWS Packaging, Datwyler, EUROMEDEX, Global Closure Systems, Intrapac Group,
Klockner Pentaplast Group, Korber, Menasha Packaging, Nampak, NNE, Nypro, RPC
Group, Schott, Steripack, Vitro, West Pharmaceutical Services, Wihuri Group and
Winpak
Key Regions
- APAC
- North America
- ROW
- Western Europe
Key Market
Driver
- Increased Adoption of Pre-fillable Syringes
- For a full, detailed list, view our report
Key Market
Challenge
- Market Fragmentation
- For a full, detailed list, view our report
Key Market
Trend
- Rise in Demand for Vials and Ampules
- For a full, detailed list, view our report
Key
Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 108 pages, “Global
Pharmaceutical Packaging Market 2015-2019” report covers Executive Summary, List
of Abbreviations, Scope of the Report, Market Research Methodology,
Introduction, Market Landscape, Market Segmentation by Product Type, Market
Segmentation by Type of Material, Market Segmentation by Type, Geographical
Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers,
Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges,
Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For
further information on this report, please visit-
http://mrr.cm/4YV
Find all Pharmaceutical Packaging Reports at: http://www.marketresearchreports.com/pharmaceutical-packaging
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