Global Pharmaceutical Packaging Information: Type (bottle & vials, aerosol packs, tubes, blister packs, sachets, ampoules) material (Glass, plastic, Paper) Packaging (Flexible, rigid and semi-rigid) application (Medical tools & equipment, Generic drugs, branded drugs) – Forecast to 2023
Market Synopsis of Pharmaceutical Packaging Market
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. The growth of the market is attributed to the growing pharmaceutical as well as healthcare industry and emerging economies in Asia-Pacific region. The other key driving factor which can fuel the market are the increasing aging population, technological innovations, government initiatives and increasing demand for drug delivery devices. Geographically, North America has witnessed as the leading market for the global pharmaceutical packaging market, followed by Europe. Asia-Pacific is one of the fastest growing region where the global market will achieve ample number of growth opportunities.
Bemis Healthcare Packaging, Gerresheimer, Owens-Illinois, West Pharmaceutical, Westrock, Alexander (James) Corporation, Baxter International, Amcor Limited, Unilife Corporation, AptarGroup Inc, Rexam PLC and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global pharmaceutical packaging market.
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Industry/ Innovation/ Related News:
April 20, 2016: Bemis Company, Inc. acquired the medical device packaging operations and related value-added services of SteriPack Group, a global manufacturer of sterile packaging solutions for medical device and pharmaceutical applications.
In 2017: Amcor Ltd. has started a series of investments in flexible printing for healthcare packaging in Europe.
In 2012, Gerresheimer acquires Indian pharma plastic packaging manufacturer Triveni
As per MRFR analysis, the global pharmaceutical packaging market has been segmented into:
By Types: Bottles, Aerosol packs, Tubes, Blister packs, Sachets, Ampoules and others.
By Materials: Glass, Plastic, Cardboard and Paper.
Pharmaceutical packaging Market – Regional Analysis
North America region dominated the overall Pharmaceutical packaging market. One of the main reason for the growth of this market is new product launches with specialized packaging needs is growing rapidly. This is due to increase investment in novel drug delivery techniques, increasing awareness about healthcare sector and high healthcare spending in the region. Asia is expected to experience a high growth rate in the forecasted period. India and China will form the fastest growing markets due to rapidly expanding pharmaceutical manufacturing capabilities and the adoption of more stringent regulations aimed at improving the quality and integrity of domestically produced medicines.
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The report for Global Pharmaceutical Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
- Product matrix which gives a detailed comparison of the market for different recycled product types
- Regulatory Landscape
- Pricing Analysis
- Macroeconomic Indicators
- Geographical analysis across 15 countries
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
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