Global Pharmaceuticals Caps and Closures Market to grow at a CAGR of 5.36% during the period 2016 - 2020; Finds New Report

Report forecast the global pharmaceuticals caps and closures market to grow at a CAGR of 5.36% during the period 2016-2020.

Pharmaceutical caps and closures protect complex pharmaceuticals so that they remain safe and secure, devoid of any contamination. Drug manufacturers are bound by international compliance jurisdictions enforced by regulatory authorities, which ensure packaging is a critical element in the drug delivery process to the final point of purchase. Various raw materials like plastic resins, rubber, and aluminum find application in the production of pharmaceutical caps and closures.

The report covers the present scenario and the growth prospects of the global pharmaceuticals caps and closures market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market

The market is divided into the following segments based on geography:

• APAC
• Europe
• North America
• ROW

According to the report, one of the key drivers for market growth will be replacement of one-piece over two-piece caps. Most companies use injection-molded HDPE closures for packaging pharma products. They are commonly used in Europe and Asia, and still growing in other part of the world. Shifting from two-piece closures to one-piece closures require changes in material as well as the manufacturing process. Single-piece caps reduce the material used and the weight of overall packaging. Single-piece closures weigh 2 grams less than the two-piece caps and closures. They also have other features such as a large seal angle and require less torque. They reduce resin consumption by 6 tons and carbon footprint by approximately more than 15 tons per 500 million bottles.

Further, the report states that incompatibility of plastic polymers with substrates will be a challenge for the market. Plastic have become a principle material for manufacturing caps and closure for pharmaceutical products. Polyethylene and polypropylene are incompatible with certain organic liquids and mineral acids on account of their chemical properties and this often leads to deformation of the packaging substrate or may adulterate the product.

Global Pharmaceuticals Caps and Closures Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global pharmaceuticals caps and closures market:  Amcor, Caps & Closures, O.Berk, Closure Systems International, and Global Closure Systems.

Other Prominent Vendors in the market are: Alpha Packaging, Guala Closures, Mocap, Phoenix closures, Reynold, Technocap, and WestRock.

Market driver

• Increased use of COC as raw material
• For a full, detailed list, view our report

Market challenge

• Low degree of differentiation in metal closures
• For a full, detailed list, view our report

Market trend

• Increased demand for innovative designs
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 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 64 pages and 29 Exhibit “Global Pharmaceutical Caps and Closures Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by materials, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape.

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