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Parenteral Packaging Market Current Status and Future Prospects | Gerresheimer AG, Schott AG, Unilife Corporation

03-14-2023 09:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: CMI

Parenteral Packaging Market

Parenteral Packaging Market

The global parenteral packaging market is expected to experience significant growth in the period between 2023 and 2030. Parenteral packaging is used to store and transport injectable drugs, vaccines, and other biological products. The growth of the market can be attributed to several factors, including increasing demand for biologics and biosimilars, rising incidence of chronic diseases, and increasing investments in research and development.

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Market Overview:

The parenteral packaging market is expected to grow at a CAGR of around 11% from 2023 to 2030. The market is primarily driven by the increasing demand for biologics and biosimilars, which require specialized packaging and storage solutions. The market is also being driven by the increasing incidence of chronic diseases such as cancer, diabetes, and cardiovascular diseases, which require injectable drugs for treatment.

Some of the prominent players reviewed in the research report include:

✤ Gerresheimer AG
✤ Schott AG
✤ Becton, Dickinson and Company
✤ Unilife Corporation, Inc.
✤ Ypsomed Holding AG
✤ West Pharmaceutical Services, Inc.
✤ SiO2 Medical Products Inc.
✤ TERUMO CORPORATION
✤ Ompi Stevanato Group
✤ Stevanato Group and Nipro Corporation
✤ Berry Plastics Corporation
✤ MeadWestvaco Corporation
✤ Owens-Illinois
✤ RPC Group
✤ Graphic Packaging Group

Global Parenteral Packaging Market: Segment Analysis

This chapter analyzes different segments of the market in order to understand consumer needs and behaviors toward the consumption of the same. The Parenteral Packaging market is segmented into type, application, product, service, and end users. It also assesses the improving purchasing power and the economic recession and progression that is likely to impact the segments of the global Parenteral Packaging market.

Segment By Packaging Type:

✤ Bags and bottles
✤ Ampoules
✤ Vials
✤ Prefilled syringes & cartridges
✤ Ready-to-mix-systems

Segment By Material Type:

✤ Glass
✤ Plastic and polymer
✤ Poly Vinyl Chloride (PVC)
✤ Polyolefin

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Market Growth Factors:

The growth of the parenteral packaging market is being driven by several factors, including:

Increasing Demand for Biologics and Biosimilars: Biologics and biosimilars are becoming increasingly popular for the treatment of chronic diseases. These drugs require specialized packaging and storage solutions to maintain their stability and efficacy. This is driving the demand for parenteral packaging solutions.

Rising Incidence of Chronic Diseases: The global incidence of chronic diseases such as cancer, diabetes, and cardiovascular diseases is on the rise. These diseases require injectable drugs for treatment, which is driving the demand for parenteral packaging solutions.

Increasing Investments in Research and Development: Pharmaceutical companies are investing heavily in research and development to develop new drugs and therapies. This is driving the demand for specialized packaging and storage solutions to ensure the stability and efficacy of these drugs.

Market Drivers:

Increasing Demand for Injectable Drugs: Injectable drugs are becoming increasingly popular for the treatment of chronic diseases. This is driving the demand for specialized packaging solutions to ensure the safety and efficacy of these drugs.

Stringent Regulatory Requirements: The regulatory requirements for packaging and storing injectable drugs are becoming increasingly stringent. This is driving the demand for specialized packaging solutions that meet these requirements.

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Market Trends:

The key trends in the parenteral packaging market include:

Use of High-quality Materials: Manufacturers are increasingly using high-quality materials such as glass and plastic to ensure the safety and efficacy of injectable drugs.

Adoption of Advanced Technologies: Manufacturers are adopting advanced technologies such as RFID and NFC to track and monitor the temperature and humidity levels of parenteral packaging.

Increasing Adoption of Prefilled Syringes: There is increasing adoption of prefilled syringes, which offer several advantages such as reduced risk of contamination and improved patient compliance.

Market Opportunities:

The key opportunities in the parenteral packaging market include:

Growing Demand from Emerging Markets: There is growing demand for parenteral packaging solutions from emerging markets such as India and China, which offer significant growth opportunities for manufacturers.

Increasing Focus on Sustainability: There is increasing focus on sustainability in the packaging industry. Manufacturers can capitalize on this trend by developing sustainable parenteral packaging solutions.

Growing Demand for Personalized Medicine: There is growing demand for personalized medicine, which requires specialized packaging solutions to ensure the safety and efficacy of these drugs. This offers significant growth opportunities for manufacturers of parenteral packaging solutions.

Some of the Points covered in the Global Parenteral Packaging Market Research Report are:

Chapter 1: Overview of the Global Parenteral Packaging Market

• Definition
• Specifications
• Classification
• Applications
• Regions

Chapter 2: Market Competition by Players/Suppliers

• Manufacturing Cost Structure
• Raw Material and Suppliers
• Manufacturing Process
• Industry Chain Structure

Chapter 3: Sales (Volume) and Revenue (Value) by Region

• Sales
• Revenue and market share

Chapter 4, 5, and 6: Global Parenteral Packaging Market by Type, Application & Players/Suppliers Profiles
• Market Share by Type & Application
• Growth Rate by Type & Application
• Drivers and Opportunities
• Company Basic Information

Continued………….

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✤ Related Reports:

Peptide therapeutics market https://www.coherentmarketinsights.com/market-insight/peptide-therapeutics-market-1837

Anticonvulsants market https://www.coherentmarketinsights.com/market-insight/anticonvulsants-market-2516

Veterinary excipients market https://www.coherentmarketinsights.com/market-insight/veterinary-excipients-market-5482

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Coherent Market Insights is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Coherent Market Insights has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Coherent are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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