Press release
How Transformative Trends in Parenteral Packaging Market are Molding Strategies of UFP Technologies, Inc., Schott AG, UDG Healthcare plc, Gerresheimer AG….?
Key players operating in the global market for parenteral packaging include UFP Technologies, Inc., Schott AG, UDG Healthcare plc, Gerresheimer AG, Becton, Dickinson and Company, Catalent, Inc., Stevanato Group S.p.A., Baxter International Inc., Nipro Corporation, West Pharmaceutical Services, Inc., among others among others.
As such, the global market for parenteral packaging is set to witness significant growth in the next 10 years, as estimated in a study by Future Market Insights. According to a report released by the leading market research firm, the global parenteral packaging market is set to exceed US$ 10 Bn by the end of 2018. Exhibiting a growth rate of 4.8% in the coming decade, revenue from the sales of parenteral packaging products is slated to cross US$ 16 Bn by 2028. Sustainability is the buzzword here – manufacturers are steadfast in their focus on addressing environmental concerns; which probably explains the near-death of plastic as a preferred material for parenteral packaging, owing to environmental issues associated with the disposal of plastic parenteral packaging products.
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Innovation to Take Centre Stage in the Manufacturing of Parenteral Packaging Products; Automation to Underpin Core Production Processes
With technology having seeped through the global industry fabric, the market for parenteral packaging products is witnessing a new era of advanced processing techniques powered by automation in the packaging industry. Advanced automation in manufacturing processes has brought in notable modifications pertaining to the provision of drugs to patients, and this integration of automation into core manufacturing systems is trending the global parenteral packaging market.
Manufacturers are also focusing on deploying high quality, contamination free processes to assemble parenteral packaging containers. These processes seek to eliminate incidences of reactions between the material used to manufacture the containers and the actual content (drugs) of the containers, thereby preventing harmful effects on patients consuming the drugs. Several product recalls in the past have forced manufacturers of parenteral packaging products to select the best material to manufacture containers, and this factor is acting in favour of revenue growth of the global parenteral packaging market.
Ready-to-Fill Formats and Automated Assembly Lines Trending the Global Parenteral Packaging Market
On the back of sustainability drives by global governments, manufacturers of parenteral packaging products are changing their operations by integrating automated systems in their assembly lines. A strategic shift from manual to automatic packing lines is bringing in enhanced process efficiency and reducing dependency on manual labour, thereby creating pathways for cost-effectiveness in the long run. Further, the rapidly rising demand for prefilled syringes is benefitting the global parenteral packaging market. Specific requirements from the healthcare industry for speciality packaging products such as IV pre-mixed systems and single-use vials is also expected to bolster revenue generation in the global market for parenteral packaging in the coming years.
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Newer Raw Material Options to Create Increased Growth Opportunities for Manufacturers of Parenteral Packaging Products
Over the years, conventional raw materials used to manufacture parenteral packaging products have witnessed several advancements. Add to this the introduction of newer types of material to manufacture parenteral packaging containers, and the global market is suddenly a hotbed of opportunities for manufacturers. The global parenteral packaging market is witnessing strategic collaboration between manufacturers and suppliers for both the sourcing of appropriate raw materials and the final packaging formats. For instance, polymers such as cyclic olefin polymers (COP) and cyclic olefin copolymers (COC) are being sought after in large numbers, owing to their inherent advantages over conventional plastic and glass used to manufacture parenteral packaging containers. The introduction of better raw material types supports increased sophistication in drug delivery technologies, thereby helping manufacturers up their revenue standing in the global market. Needless to say, this is positively impacting revenue growth of the global parenteral packaging market.
For deeper insights on innovations in parenteral packaging raw material and to know what strategies manufacturers are implementing to stay at the top in this lucrative market, write in to press@futuremarketinsights.com
Parenteral Packaging Market Reports - Table of Contents
1. Executive Summary
A gist of the report, highlighting the key takeaways
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Opportunity
2. Market Introduction
A definition of global parenteral packaging and related market taxonomy
2.1. Market Definition
2.2. Market Taxonomy
3. Market Viewpoints
3.1. Value Chain
4. Parenteral Packaging Market Analysis Scenario
4.1. Market Volume Projections
4.2. Market Size Projections
4.3. Y-o-Y Projections
4.4. Absolute $ Opportunity Analysis
5. Market Dynamics
A comprehensive analysis on the interplay of the key factors influencing the global market
5.1. Global Packaging Industry Outlook
5.2. Macro-Economic Factors
5.3. PESTLE Analysis
5.4. Porter’s Analysis
5.5. Value Chain
5.6. Market Dynamics
5.6.1. Drivers
5.6.2. Restraints
5.6.3. Trends
5.6.4. Opportunities
6. Global Parenteral Packaging Market Analysis By Product Type
This section contains comprehensive revenue (US$ Mn) and volume (Mn Units) analysis on global Parenteral packaging market by product type
6.1. Introduction
6.1.1. Market Value Share Analysis By Product Type
6.1.2. Y-o-Y Growth Analysis By Product Type
6.2. Historical Market Value (US$ Mn) and Volume (Mn Units) Analysis 2013-2017 By Product Type
6.2.1. Vials
6.2.2. Pre-filled Syringes & Cartridges
6.2.3. Bags
6.2.4. Ampoules
6.2.5. Ready to Use Systems
6.3. Market Value (US$ Mn) and Volume (Mn Units) Forecast 2018-2028 By Product Type
6.3.1. Vials
6.3.2. Pre-filled Syringes & Cartridges
6.3.3. Bags
6.3.4. Ampoules
6.3.5. Ready to Use Systems
6.4. Market Attractiveness Analysis By Product Type
7. Global Parenteral Packaging Market Analysis By Material Type
This section contains comprehensive revenue (US$ Mn) and volume (Tonnes) analysis on global Parenteral packaging market by material type
7.1. Introduction
7.1.1. Market Value Share Analysis By Material Type
7.1.2. Y-o-Y Growth Analysis By Material Type
7.2. Historical Market Value (US$ Mn) and Volume (Tonnes) Analysis 2013-2017 By Material Type
7.2.1. Glass
7.2.2. Plastic
7.2.2.1. Polyvinyl Chloride (PVC)
7.2.2.2. Polyolefin
7.3. Market Value (US$ Mn) and Volume (Tonnes) Forecast 2018-2028 By Material Type
7.3.1. Glass
7.3.2. Plastic
7.3.2.1. Polyvinyl Chloride (PVC)
7.3.2.2. Polyolefin
7.4. Market Attractiveness Analysis By Material Type
8. Global Parenteral Packaging Market Analysis By Packaging Type
This section contains comprehensive revenue (US$ Mn) and volume (Mn Units) analysis on global Parenteral packaging market by packaging type
8.1. Introduction
8.1.1. Market Value Share Analysis By Packaging Type
8.1.2. Y-o-Y Growth Analysis By Packaging Type
8.2. Historical Market Value (US$ Mn) and Volume (Mn Units) Analysis 2013-2017 By Packaging Type
8.2.1. Small Volume Parenteral (SVP)
8.2.2. Large Volume Parenteral (LVP)
8.3. Market Value (US$ Mn) and Volume (Mn Units) Forecast 2018-2028 By Packaging Type
8.3.1. Small Volume Parenteral (SVP)
8.3.2. Large Volume Parenteral (LVP)
8.4. Market Attractiveness Analysis By Packaging Type
9. Global Parenteral Packaging Market Analysis By Region
This section contains comprehensive revenue (US$ Mn) and volume (Mn Units) analysis on global Parenteral packaging market by region
9.1. Introduction
9.1.1. Market Value Share Analysis By Region
9.1.2. Y-o-Y Growth Analysis By Region
9.2. Historical Market Value (US$ Mn) and Volume (Mn Units) Analysis 2013-2017 By Region
9.2.1. North America
9.2.2. Latin America
9.2.3. Western Europe
9.2.4. Eastern Europe
9.2.5. MEA
9.2.6. Asia Pacific
9.2.7. Japan
9.3. Market Value (US$ Mn) and Volume (Mn Units) Forecast 2018-2028 By Region
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. MEA
9.3.6. Asia Pacific
9.3.7. Japan
9.4. Market Attractiveness Analysis By Region ....more
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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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