Pharmaceutical Packaging Market to be Valued at US$73.04 billion by 2018

The global market for pharmaceutical packaging is evaluated in a recent market study published by U.S.-based market intelligence firm Transparency Market Research. The report is titled “Global And U.S. Pharmaceutical Packaging Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”.The global and U.S. pharmaceutical packaging market is expected to develop at a positive, albeit moderate, CAGR of 5.6% between 2012 and 2018.

Browse Research Report With Complete TOC @ https://www.transparencymarketresearch.com/pharmaceutical-packaging-market.html

The report states that the market is expected to rise to US$73.04 billion by 2018 as compared to the market valuation of US$50.07 billion in 2011.The report offers detailed insights into the pharmaceutical packaging market from a global perspective, with a particular focus on the U.S. regional market, and provides forecasts based on current statistics, a number of industry-best analysis tools, and expert analysis.

The report states that the regional market of Asia Pacific will play a crucial role in sustaining the overall growth prospects of the global pharmaceutical packaging market owing to factors such as a rise in contract manufacturing, the flourishing pharmaceutical industry, and the rising geriatric population in this region. The global pharmaceutical packaging market is also expected to benefit from technological advancements such as the introduction of nano-enabled packaging, the packaging type that currently provides the most enhanced barrier properties against moisture, light, and mechanical forces.The report broadly segments the global pharmaceutical packaging market based on two criteria: product types and key regional markets. The segmentation by product types includes parenteral containers, plastic bottles, blister packaging, closures, other primary packaging, and labels. Geography-wise, the market is segmented into North America, Europe, and Asia Pacific.

Of the key product types of pharmaceutical packaging studied in the report, the product segment of plastic bottles held the largest market share, nearly 20% in 2011. During the report’s forecast period, however, the product segment of parenteral containers is expected to witness growth at the fastest pace, owing to the introduction of better injected therapies in the market.Geography-wise, the regional market of North America held nearly 30% of the global pharmaceutical packaging market, owing to huge demand from the flourishing pharmaceutical markets in Canada and the U.S. During the forecast period, Asia Pacific is expected to acquire a major share in the global market and come up as the leading regional market for pharmaceutical packaging by 2018.

Request a PDF Brochure with Research Report Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1527

The report also presents a comprehensive analysis of the competitive landscape of the global pharmaceutical packaging market. The market is highly fragmented and had the top five companies accounting for a combined share of less than 25% in 2011. Becton Dickinson, MeadWestvaco, Gerresheimer AG, Rexam PLC, and Amcor were some of the key manufacturers in the market. Of these, Amcor dominated its competitors and seized the largest share of the overall market. Other prominent players in the global pharmaceutical packaging market include Ypsomed, 3M, Schott, Tear and Tape, West Pharmaceutical Services, Consort Medical, and Nypro.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.