Parenteral Packaging Market Poised for Robust CAGR of over 11.2% through 2026
Packaging in parenteral is a process that allows the drug or other fluid to keep its potency and therapeutic effectiveness intact throughout the shelf life or till the time the drug is administered. Effective packaging in parenteral is required to protect drugs from contamination and aseptic administration to the patient.
The pharmaceuticals industry has experienced significant technological advancements over the last few years. As a result, recent advancement in routes of drug administration is shaping the market demand for parenteral products far surpasses production.
Market Value and Forecast
Pharmaceuticals packaging has witnessed major modifications over the past decade, making parenteral packaging a future business perspective for entrepreneurs. Major players, manufacturing raw materials are themselves shifting towards parenteral packaging process.
The global parenteral packaging market has been estimated to be valued at US$ 8,665 Mn by 2016 end and is expected to expand at a 10.2% CAGR over the forecast period (2016–2026).
Growth of the global parenteral packaging market is specifically driven by the expansion of global pharmaceuticals industry, which is projected to expand at a CAGR of 9.6% over the forecast period (2016–2026). Shifting trend of primary packaging material from glass to plastic and polymer is an exclusive factor, which is anticipated to drive the parenteral packaging market in the near future. Furthermore, the growing prevalence of chronic diseases such as diabetes, cancer, chronic intestinal diseases and hepatic failure, are further expected to drive the growth of the parenteral packaging market. Besides, rising adoption of injection based therapy and government initiatives for preventive measures to ward off diseases such as hepatitis and polio are further fuelling the market demand for parenteral packaging. Furthermore, rise in ageing population around the globe is anticipated to favour the inclination of parenteral packaging market growth.
Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1258
Market Segmentation by Product Type
The prefilled syringes are becoming the face of parenteral products and rising demand of the same is reinforcing the market growth of total parenteral packaging market. Moreover, on the basis of product type, the market is categorised into bags, ampoules, vials, prefilled syringes & cartridges and ready-to-mix systems. Among all the above stated segments, the prefilled syringes & cartridges segment is expected to witness the highest growth over the forecast period.
Market Segmentation, by Material
Growing regulatory concerns towards the use of glass material in parenteral packaging are enforcing drug manufacturers to shift from glass to plastic packing, which in turn fuels the plastic & polymer segment growth. Furthermore, under material category, the market is divided into two segments, namely glass and plastic & polymer. The plastic & polymer segment is further divided into two categories, i.e. PVC and polyolefin. The plastic & polymer segment is expected to expand at a prominent CAGR over the forecast period.
Market Segmentation, by Packaging Type
Packaging type refers to the need of patients as well as the need of the drug. Small volume and large volume parenteral products are differentiated by the capacity of the drug to be administered, which can show their potency. On the basis of packaging type, the market is segmented into two main categories, namely small volume parenteral and large volume parenteral. The small volume parenteral segment is estimated to account for the highest market share in 2016 end, and will continue to dominate the segment over the forecast period.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1258
Demand for parenteral products are inconsistent around the globe and driven by the factors such as rise in ageing population, growth in disposable income and improved healthcare conditions in respective regions. In this report, the global parenteral packaging market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). In terms of value, North America market accounts for the maximum revenue share of the overall market, among all the regional markets, followed by Western Europe. North America and Europe collectively accounts for maximum market share. North America parenteral packaging market is expected to expand at a CAGR of 11.2% over the forecast period, and is expected to continue to dominate the market in terms of value. Meanwhile, the APEJ market is expected to expand at a significant CAGR of 10.2% over the forecast period, due to the economic manufacturing conditions and favourable trade conditions. North America is closely followed by Western Europe market as it is expected to expand at a high growth rate. Among all the regions, the Eastern Europe market is expected to expand at a moderate CAGR of 8.2% over the forecast period.
Some of the major players in the global Parenteral Packaging market that are covered in this report are Schott AG, Gerresheimer AG, Becton, Dickinson and Company, Unilife Corporation, Inc., West Pharmaceutical Services, Inc., Ypsomed Holding AG, SiO2 Medical Products, Terumo Corporation, Nipro Corporation and Ompi, Stevanato Group. The report also describes company-specific strategies related to key developments and market consolidation initiatives.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Parenteral Packaging Market Poised for Robust CAGR of over 11.2% through 2026 here
News-ID: 486163 • Views: 87
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for CAGR
Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020