The packaging process consists of filling and assembling, sterilization in the final container, and placing labels on the container. The choice of the type of packaging depends on factors such as compatibility of contents, degree of protection required, filling method, incurred cost, and convenience of packaging to the user. Packaging inhibits microbial growth and ensures extended shelf life of pharmaceutical drugs. The different types of pharmaceutical packaging include bottles, blisters, vials, pouches, tubes, prefilled syringes, and ampoules. Health care regulatory bodies impose various rules and regulations for pharmaceutical and medical device products packaging and labeling to address environmental and consumer safety concerns. Various packaging products in this industry have to be in compliance with stringent regulations and policies enforced by the government. These policies increase the burden on various pharmaceutical and medical device manufacturers inducing them to reach out for packaging and labeling products and service providers.
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Rising number of chronic diseases, their diagnosis and treatment, increasing health care expenditure, and rising global geriatric population have increased demand for pharmaceuticals and medical devices. This in turn boosts the growth of packaging and labeling of pharmaceuticals and medical devices manufactured and shipped in the global market. Rising demand for anti-counterfeiting drug packaging technologies products and stringent government regulations and standards for packaging and labeling are the other factors that are likely to drive the global packaging and labeling (health care) services market.
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The primary packaging segment comprises sub-segments such as blisters, bottles, pouches, tubes, and other packaging products. Secondary packaging includes sub-segments such as labeling and cartoning. The primary packaging segment dominated the global packaging and labeling market in 2014, with major contribution from the bottles packaging sub-segment. Primary or secondary packaging materials are carefully chosen based on various factors such as compatibility with the content/product, filling method, degree of protection required, cost, presentation for OTC drug, and convenience of packaging for users. The primary packaging segment held a larger share of the global market in 2014. The segment is expected to grow at high rate during the forecast period from 2015 to 2023.
Europe accounted for the largest share of the global packaging and labeling (health care) services market in 2014, followed by North America, Asia Pacific, and Latin America. Largest share of the region is attributed to technological advancements in packaging and labeling machines, well-established health care infrastructure, and presence of large number of pharmaceutical and medical device manufacturing plants. Asia Pacific is anticipated to witness the fastest CAGR during the forecast period due to increasing demand for pharmaceutical and medical device products, increasing geriatric population in countries such as South Korea and Japan, and high investment by key market players operating in this region.
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Key players operating in the global packaging and labeling (health care) services market are 3M, Amcor Ltd., Bemis Company, Inc., CCL Industries, Inc., E.I. du Pont de Nemours and Company (DuPont), Gerresheimer AG, Owens Illinois, SCHOTT AG, Sonoco Products Company, and WestRock Company. The packaging and labeling (health care) services market is fragmented, with presence of several large and small-scale vendors that operate in the international market.
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