Press release
Pharmaceutical Plastic Packaging Market Emerging Business Trends and Investment Research Report 2021-2026
The Pharmaceutical Plastic Packaging Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Pharmaceutical Plastic Packaging market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Pharmaceutical Plastic Packaging market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Pharmaceutical Plastic Packaging market.The Pharmaceutical Plastic Packaging Market is expected to witness a CAGR of 8.24% over the forecast period (2021 - 2026).
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Top Leading Companies of Pharmaceutical Plastic Packaging Market are - 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 others.
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.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Pharmaceutical Plastic Packaging Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Pharmaceutical Plastic Packaging Market (%),2016 - 2026
- Pharmaceutical Plastic Packaging Market Share, By Brand
- Pharmaceutical Plastic Packaging Market Share, By Company
- Pharmaceutical Plastic Packaging Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Pharmaceutical Plastic Packaging Market Value Analysis & Forecast
- Promising Pharmaceutical Plastic Packaging Development by Major Companies
- Detailed Pharmaceutical Plastic Packaging Portfolio of the Major Companies
- Major Deals in the Pharmaceutical Plastic Packaging Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082593431/pharmaceutical-plastic-packaging-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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