Pharmaceutical Packaging Market 2021-2026 skyrocketed revenue with key players Amcor Ltd., CCL Industries Inc., Intrapac Group, Schott AG

Latest research on Pharmaceutical Packaging Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Pharmaceutical Packaging market. This report included a special section on the Impact of COVID19. Also, Pharmaceutical Packaging Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Pharmaceutical Packaging industry.

Pharmaceutical Packaging market is growing at a CAGR of 8.1% during the forecast period (2021-2026).

The Pharmaceutical Packaging market is highly competitive and consists of a number of major players. Top Companies like Amcor Ltd., CCL Industries Inc., Intrapac Group, Schott AG, Meadwestvaco Corporation, Nypro Inc., Aptar group Inc., Ramaco Siebler, Wihuri Group, Gerresheimer AG, Klockner Pentaplast Group, West Pharmaceutical Services, Inc., Catalent Pharma Solutions, Inc.

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Industry News And Developments:

April 2019: Amcor announced the launched of AmLite Ultra Recyclable as an addition to the Amcor's successful AmLite product line. The product is set to be made from the company's sustainable high-barrier polyolefin film, which limits the pack's carbon footprint by 64%. Further, In February 2020, Amcor announced the partnership with the Healthcare Plastics Recycling Council to improve the recyclability of plastic products.

Scope of the Report

- The pharmaceutical packaging industry in the region plays a vital role in helping the evolving pharma industry to address the impact associated with challenges being felt across the market ensuring the protection of drugs against all sorts of alteration in the properties caused as a result of physical damage, degradation, biological contamination while driving boost in profits.

- Over the period last few years, the packaging sector in the region is experiencing a great deal of transformation with the industry' changing focus towards personalized approaches with development of platforms such as IoMT, genomics, and other connected medical devices, localized production of customized medicines added with the increase in the number of SMEs entering the market, increasing demand for cannabis-based medicinal products and diversification of the innovators.

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Key Market Trends

Sustainable packaging materials to drive the market growth

- The pharmaceuticals industry is known to be a significant global polluter as it is responsible for generating the greenhouse gas emissions, i.e., 55% greater than that of the gas emitted by the automotive industry owing to the growing number of regulations and compliance such as the Paris agreement added with raising concern of people against the non-recyclable packaging materials is enabling the manufacturers to switch to sustainable materials.

- Also, Most of the R&D efforts by Europe's pharma packaging companies concerning drug dispensing systems are focused on factors such as sustainability, increasing compliance, and child safety considerations, among others.

- For instance, major players such as Ramaco Siebler, Huhtamaki announced their plans to launch a range of recyclable unit dose packaging for the reliable pharmaceutical products to be made from recyclable material such as polyolefin laminate. The component of the packaging is expected to be made from 90% of either polypropylene or polyethylene, with more than 70% of the product would be recycled. Also, the companies have significantly reduced their emissions over the years.

Germany to hold major market share

- Germany is expected to hold a significant market share in the region owing to factors such as its significant contribution in the European pharmaceutical & packaging industry, presence of few prominent vendors in the region including Gerresheimer AG, and Schott AG, among other and also being one of the largest producers of chemicals and plastics in the region.

- For instance, According to the research conducted by CPhI Worldwide, Germany ranks as Europe's preeminent pharma industry as per the data drawn from CPhl Annual report and opinions from over 350 global pharma companies. Also, the results consolidate german to as an elite pharmaceutical market.

- Owing to such instance, the Prominent vendors in the region have started to invest in the region to maintain their strategic position in the market. For instance, In February 2020, Schott AG announced its plan for expansion by building a new production plant at its existing site in Mllheim, Germany, to meet the increasing demand for pre-fillable sterile polymer syringes are used in intravenous therapies and highly viscous medications. The construction is expected to be completed by the end of 2021.

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

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Pharmaceutical Packaging Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2015 to 2020 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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