Pharmaceutical Plastic Packaging Market Rising Demand, and Growing Industry 2021- Gerresheimer AG, Amcor Limited, Berry Plastics Group, Inc., Aptar Pharma

MarketInsightsReports has published a report entitled Global Pharmaceutical Plastic Packaging Market Research Report 2021 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The Pharmaceutical Plastic Packaging Market is expected to witness a CAGR of 8.24% over the forecast period (2020 - 2025).

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Key Market Players: Gerresheimer AG, Amcor Limited, Berry Plastics Group, Inc., Aptar Pharma, O.Berk Company, LLC, Alpha Packaging, Graham Packaging Company, COMAR, LLC, Alpack Plastic Packaging, Drug Plastics Group, Plastipak Holdings, Inc. and Other

Industry News and Updates:

- Dec 2019 - Gerresheimer AG announced the expansion of its production capacity for plastic containers and opened a new plant in India. A second production site is now being opened in the city of Kosamba to help bolster production capacity to cope with the high demand for Triveni round containers.
- Oct 2019 - Berry Global Group, Inc. partnered with Digimarc Corporation to promote innovation in recycling with holygrail 2.0 initiative. The company is likely to manufacture plastic packaging containing Digimarc Barcode for use in product sortation. It has pledged for all of its plastic packaging to be reusable, recyclable, or compostable by 2025._

Key Market Trends

Polyethylene Terephthalate (PET) Expected to Witness Significant Growth

- It is expected that pharma packaging will shift towards more sustainable materials by moving away from the plastic, which the industry traditionally has been heavily dependent on for design and manufacturing. But, the industry would continue the application of polyethylene terephthalate (PET) owing to its capability of breaking down its molecular level back into PET.
- For instance, in March 2020, Amcor developed a new bottle to pack multivitamin. The material used for the same was post consumer regrind (PCR). PCR comprises recycled materials including PET beverage bottles used by the consumer and have been recycled to produce a new product.
- As of January 2020, Gerresheimer is also expected to further expand its operations in Asia via two plants in China and India to manufacture plastic primary packaging for pharmaceutical products. Such steps are undertaken in order to maintain a steady supply to pharma companies. The facilities cater to production of standard range of different containers and closures, PET bottles, eye droppers, nasal sprays, and vaporizers as well as multiple customizations.

North America Expected to Witness Significant Growth

- North America is home to leading pharmaceutical companies in the world. The companies like Abott, Pfizer and Johnson and Johnson have their headquarters in the US and Canada with manufacturing facilities around the globe. These companies for many of their were catering to the US market from offshore manufacturing facilities where they packaged.
- But the COVID 19 pandemic has shown the downside of offshore manufacturing and the US government in its statement on 26 May 2020, emphasized onshore production of pharma drug's and soon going to bring Buy American order , which result in these big companies shifting the production of the key drugs back to US where they will also be packaged. This expected have a significant impact of plastic packaging market in the future.
- The United States will continue to be the largest national pharmaceutical plastic packaging market as its advanced drug-producing sector commercializes new sophisticated therapies with specialized packaging needs. Advances in pharmaceutical packaging in the country are focused on improving the barrier properties of the packaging material.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Pharmaceutical Plastic Packaging market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Pharmaceutical Plastic Packaging market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Pharmaceutical Plastic Packaging market.

Market Segments: This part of the report discusses product type and application segments of the global Pharmaceutical Plastic Packaging market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Pharmaceutical Plastic Packaging used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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