Press release
Pharmaceutical Packaging Market Demand, Size, Share, Growth, Opportunities, Challenges, Overview, Key Drivers and Competitive Analysis
"Pharmaceutical Packaging"
Pharmaceutical Packaging Market By Type (Pouches & Strip Packs, Ampoules, Pre-Fillable Inhalers, Plastic Bottles, Blister Packs, Labels & Accessories, Caps & Closures, Vials, Medical Specialty Bags, Temperature Controlled Vaccines/Medicines Packaging, Pre-Filled Syringe, Medication Tubes, Jars & Canisters, Cartridges, Others), Drug Delivery Mode (Pulmonary Drug Delivery Packaging, Oral Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, IV Drugs Delivery Packaging Other Drugs Delivery Packaging), Raw Material(Plastics & Polymers, Paper & Paperboard, Glass, Aluminium Foil, Others), Product (Primary Pharmaceutical Packaging, Secondary Pharmaceutical Packaging, Tertiary Pharmaceutical Packaging), End User(Retail Pharmacy, Contract Packaging, Institutional Pharmacy, Others), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
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Key players in the global pharmaceutical packaging market are Amcor ltd., Becton, Dickinson, Aptargroup, Inc., Capsugel Inc., Gerresheimer AG, Schott AG, Terumo Corporation, WEST Pharmaceutical Services, Inc., Berry Plastics Group, Inc., Westrock Company, SGD SA, Comar LLC, International Paper Company, Owens Illinois Inc., Aptar Group Inc. and among others
North America region is the largest contributor to the pharmaceutical packaging market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.
The global pharmaceutical packaging market is anticipated to reach USD 102.6 billion by 2020 growing at a CAGR of 6.7% during the forecasting period, 2020-2028. Pharmaceutical packaging is the packages and the packaging processes for pharmaceutical preparations. It involves all of the operations from production through drug distribution channels to the end consumer. Factors such as the rising number of the pharmaceutical industry in emerging economies and rising demand for drug delivery devices and blister packaging are some of the major drivers for the pharmaceutical packaging market.
Pharmaceutical Packaging Market Key Findings
The global pharmaceutical packaging market is segmented into type, drug delivery mode, raw material, product, end-user, and geography.
The type segment is segmented into Pouches & Strip Packs, Ampoules, Pre-Fillable Inhalers, Plastic Bottles, Blister Packs, Labels & Accessories, Caps & Closures, Vials, Medical Specialty Bags, Temperature Controlled Vaccines/Medicines Packaging, Pre-Filled Syringe, Medication Tubes, Jars & Canisters, Cartridges, and Others.
Drug Delivery Mode segment is segmented into Pulmonary Drug Delivery Packaging, Oral Drug Delivery Packaging, Transdermal Drug Delivery Packaging, Injectable Packaging, Topical Drug Delivery Packaging, Nasal Drug Delivery Packaging, Ocular Drug Delivery Packaging, IV Drugs Delivery Packaging and Other Drugs Delivery Packaging.
The raw Material segment is segmented into Plastics & Polymers, Paper & Paperboard, Glass, Aluminium Foil, and Others.
The product segment is segmented into Primary Pharmaceutical Packaging, Secondary Pharmaceutical Packaging and Tertiary Pharmaceutical Packaging.
The end-User segment is segmented into Retail Pharmacy, Contract Packaging, Institutional Pharmacy, and Others.
Geographically, the global pharmaceutical packaging market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions.
Recent Developments
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
In 2019, AMCOR LTD. has announced the launch of unique, recyclable, high-barrier flexible packaging AmLite Ultra Recyclable which can reduce a pack's carbon footprint by up to 64%
In 2017, BD has announced to acquire Bard which has a strong product portfolio and innovation pipeline which will help in increasing the opportunities for BD in fast-growing clinical areas, and the combination will enhance growth opportunities for the combined company in non-U.S. markets
Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.
Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
Gain authentic and granular data access for the pharmaceutical packaging market so as to understand the trends and the factors involved in changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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