Market Research Report
Pharmaceutical Packaging - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||682100|
|Published||Content info||191 Pages
Delivery time: 2-3 business days
|Pharmaceutical Packaging - Global Market Outlook (2017-2026)|
|Published: August 1, 2018||Content info: 191 Pages||
According to Stratistics MRC, the Global Pharmaceutical Packaging Market is accounted for $70.16 billion in 2017 and is expected to reach $149.25 billion by 2026 growing at a CAGR of 8.75% during the forecast period. Some of the key factors favouring the growth of the market are growing pharmaceutical industry in emerging economies, growing demand for drug delivery devices and blister packaging. Additionally, rapid increase in the growth of the primary pharmaceutical packaging, growth in global demand for primary pharmaceutical packaging are considered as opportunities for the market growth. However, increasing overall packaging costs owing to dynamic regulatory measures and stringent regulations set by various governing bodies are acts as restrains the growth of the market.
Pharmaceutical packaging prevents complex pharmaceuticals from being contaminated by external toxins and microbial activities, to ensure safety, and simultaneously extending the shelf life of the products. Drug manufacturers are bound by international compliance jurisdictions enforced by regulatory authorities, which maintain that packaging is a crucial element in the process of drug delivery up until the final point of purchase.
Based on type, plastic bottle segment holds the largest market share. The growth of this segment can be attributed to ease of production of plastic bottles, wide acceptance of plastic bottles in the pharmaceutical industry, and protection provided by them to medicines from harsh environments, such as snow and moisture, among others. Depending upon the end user, pharmaceutical packaging segment witnessed considerable market growth owing to the presence of in-house packaging facilities in the manufacturing locations of industry participants.
By geography, North America holds significant market share due to the increase in the number of new product launches with specialized packaging needs in this region.
Some of the key players in pharmaceutical packaging market include West Pharmaceutical Services, Inc., Amcor Ltd., Catalent Pharma Solutions Inc., Vitro, S.A.B. de C.V., West Rock Co., AptarGroup, Inc., Gerresheimer AG, Becton Dickinson & Co., Capsugel Inc., Berry, Plastics Group, Inc., Owens-Illinois, Inc., SGD SA, CCL Industries Inc., Schott AG, Bemis, Sonoco, Visy and DS Smith.
Drugs Delivery Packagings Covered:
Raw Materials Covered:
Veterinary Vaccines Covered:
End Users Covered:
What our report offers:
NOTE: Tables for North America, Europe, Asia Pacific, South America, Middle East & Africa are represented in the same manner above.