Pharmaceutical Packaging Market Driven By Demand Surge to Grow Exceptionally, 2021

Market Research Future published a research report on “Pharmaceutical Packaging Market Research Report- Forecast 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.

Global Pharmaceutical Packaging Market Information by Types (Bottles, Aerosol packs, Tubes, Blister packs, Sachets, Ampoules and others), by Material (Glass, Plastic, Cardboard and Paper) and Region - Forecast to 2021

Bemis Healthcare Packaging, Gerresheimer, Owens-Illinois, West Pharmaceutical, Westrock, Alexander (James) Corporation, Baxter International, Amcor Limited, Unilife Corporation, AptarGroup Inc, and Rexam PLC are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Pharmaceutical Packaging Market.

Pharmaceutical Packaging Global Market - Overview

The Global Pharmaceutical Packaging Market is growing with the rapid pace; mainly due to the increasing food industry. According to a recent study report published by the Market Research Future, The global Pharmaceutical Packaging market has been increasing. The market is expected to grow at a rapid pace during the forecast period (2017 – 2021). The global Pharmaceutical Packaging is forecasted to demonstrate a spectacular growth by 2021, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2021).

The growth of the Pharmaceutical Packaging market is attributed to the growing Pharmaceutical as well as healthcare industry and emerging economies in Asia-Pacific region. The other key driving factors anticipated to fuel the market growth are the increasing aging population, technological innovations, government initiatives and increasing demand for drug delivery devices.

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On the other hand, price volatility, availability of raw material and changing health regulation are some major factors anticipated to pose as restraints to the market growth of Pharmaceuticals Packaging market. Adversely, developed economies of Canada, Japan, the US, and Western Europe provide almost 60 percent of global demand of Pharmaceutical Packaging.

Drug delivery devices are gaining popularity owing to rising trends of home care and self-administration. The rising demand for innovative products such as parenteral containers and pre fillable inhalers is expected to further augment market demand. The Pharmaceutical Packaging industry has to balance complex considerations such as developing good designs and communicating with customers. Manufacturers should also look into pressing concerns that include counterfeiting, patient compliance, drug integrity and balancing child-resistance & accessibility for the elderly. These concerns have resulted in increasing costs of Packaging for Pharmaceutical products. The costs involved in the development of new products are also expected to increase the Packaging price of these Pharmaceuticals.

Pharmaceutical Packaging Global Market - Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Pharmaceutical Packaging appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets like India, China, Indonesia, Brazil, and South Africa. Marketers employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to meet the changing needs of consumer. The market is expected to witness the entry of several new players who are technologically advanced and will capture a major portion of fast moving consumer goods Packaging market in the coming years.

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Pharmaceutical Packaging Global Market - Segmentation

The Pharmaceutical Packaging Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Types : Comprises Bottles, Aerosol packs, Tubes, Blister packs, Sachets, Ampoules, and others.

Segmentation By Materials : Comprises Glass, Plastic, Cardboard and Paper and others.

Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Pharmaceutical Packaging Global Market - Synopsis

The major materials used in the manufacturing of pharmaceutical packaging are plastics & polymers, paper & paperboard, glass and aluminium foil. Plastics & polymers are the preferred material as they are easy to handle and lightweight in nature. They are majorly used for bags, bottles, cartridges, dry powder, metered dose inhalers, nebulizers and pre fillable syringes.

The demand for glass pharmaceutical packaging is expected to decrease over the forecast period owing to rising penetration of plastics & polymers. Handling problems and high costs of glass manufacturing have resulted in manufacturers looking at other alternatives. The rising number of plastic production facilities in Asia Pacific is responsible for decreasing popularity of glass.

Paper & paperboard pharmaceutical packaging has been boosted by the introduction of eco-friendly paper products. Industry participants involved in paper manufacturing were faced with a grave situation due to ill effects of non-biodegradable materials. The rising popularity of degradable paper is expected to play a major role in driving demand for this material over the forecast period.

Pharmaceutical Packaging Market - Regional Analysis

The global Pharmaceutical Packaging market has witnessed a remarkable growth over the past few years and it has been analyzed that the market growth will keep on increasing during the forecast period. According to the report, the global market has witnessed a humongous growth in the Pharmaceuticals as well as healthcare industry particularly in the North America. Owing to the growth of these industries, the Pharmaceutical Packaging market has seen a remarkable growth across the globe. Geographically, North America is one of the leading region and dominating the overall market followed by Europe. Europe, has gained a strong hold in the market owing to the matured economy, growing aging population and technological advancements. Asia-Pacific is one of the fastest growing region where the global market will achieve ample number of growth opportunities. India and China will emerge as the fastest growing markets owing to rapidly expanding drug-producing capabilities and the adoption of more stringent regulations aimed at improving the medicine quality and integrity. Russia, Turkey, Mexico, Iran, Argentina, and Brazil are among other developing markets that are expected to expand and diversify drug-producing industries and register above average gains in Pharmaceutical Packaging demand.

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