Pharmaceutical Packaging Market By Top Key Players [Aptar Group Inc, Westrock and Catalent Pharma Solutions Inc., Anchor Packaging, Ball Corporation, 3M, Baxter International Inc., and Others]

The pharmaceutical packaging market was valued at $68,749 million in 2015, and is expected to reach $104,882 million by 2022, growing at a CAGR of 6.3% from 2016 to 2022, according to a new report published by Allied Market Research. In 2015, plastic bottles and parenteral containers together occupied two-fifths of the total market share.

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Expansion of generic market, technological advancement, and strict governmental regulations for conventional packaging are major factors that drive the market growth. In addition, various technologies, such as RFIDs, temper-evident packs, holograms, labels, and special inks, are used to combat counterfeit medicines. Investments and innovations in R&D activities propel the market players to initiate manufacturing projects in eco-friendly and biodegradable packaging, which is expected to surge in near future. In addition, patent expiration of various medicated drugs is expected to fuel the pharmaceutical packaging market during the forecast period.

Plastic bottles and parenteral containers are expected to grow at a CAGR of 4.84% and 8.45%, respectively, during the forecast period. This is because packaging companies are constantly focusing on eco-friendly packaging materials, techniques, and technologies to overcome the increasing environmental concerns.

Key Findings of Pharmaceutical Packaging Market

o Asia-Pacific is expected to continue to dominate the market during the forecast period, followed by Europe.
o Plastic bottles and parenteral containers together occupy two-fifths of the total share, in terms of revenue.
o Middle East is expected to witness a CAGR of 7.2% from 2016 to 2022.
o South Korea grows at a faster rate in Asia-Pacific pharmaceutical packaging market, registering a CAGR of 7.4%.
o In Europe, France is expected to occupy the highest CAGR of 6.3%.

In 2015, Europe and North America together occupied approximately two-thirds of the total market share, by volume. India has adopted the growing need for environmental concerns by advancement in technologies; the pharmaceutical packaging market is expected to expand with a CAGR of 7.36%.

The prominent players operating in the market include

o Amcor Ltd,
o Berry Plastics Corporation,
o Gerresheimer AG,
o Becton Dickinson and Company,
o MeadWestvaco Corporation,
o Graphic Packaging Group,
o RPC Group,
o Owen-Illinois Inc.,
o Schott Pharmaceutical Packaging,
o West Pharmaceutical Services Inc.

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Table of Content

CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1 2.1 CXO perspective

CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key Findings
3.2.1 Top impacting factor
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Porters five forces analysis
3.3.1 Low bargaining power of suppliers due to large number of suppliers and low switching cost
3.3.2 Low bargaining power of buyer due to high demand, limited availability of substitutes
3.3.3 The low availability of substitutes minimizes the threat of substitutes
3.3.4 Moderate threat of new entrants due to presence of large number of players and strict government regulations
3.3.5 Presence of numerous players, high brand loyalty, increases the competition among rivalries
3.4 Market share analysis, 2015
3.5 Drivers
3.5.1 Advanced manufacturing processes to develop sustainable and eco-friendly packaging solutions
3.5.2 Increasing product innovations
3.5.3 Emerging generic drug market and rapidly growing drug delivery market
3.5.4 Rising R&D investments leading to increased pharmaceutical productions
3.6 Restraints
3.6.1 Price volatility of raw materials
3.6.2 Stringent government regulations and standards
3.7 Opportunities
3.7.1 Advancement in biotechnology sector results in introduction of new parenteral therapies and demand innovative packaging products

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