The drastic changes in lifestyles, increasing environmental pollution, poor eating habits, and impaired genetics have led to a wide range of medical conditions that are in constant need of treatment. Owing to these reasons, the pharmaceutical industry is also witnessing stupendous growth in several parts of the world, which is triggering the global pharmaceutical packaging market. Correct pharmaceutical packaging ensures safety of the products, extended shelf life, and prevention of microbial growth or contamination.
According to a research report published by Transparency Market Research, the global and U.S. pharmaceutical packaging market was valued at US$50.07 billion in 2011 and is expected to reach US$73.04 billion by 2018, growing at a moderate CAGR of 5.6% from 2012 to 2018. The report gives a detailed explanation of the factors likely to impact this market in a positive and a negative manner. It further assesses the global and U.S. pharmaceutical packaging market with a SWOT analysis to give the readers an accurate insight into the strengths, weaknesses, opportunities, and threats. The report also uses a Porter’s five forces analysis to determine the threat from new entrants, threat of substitute products, bargaining power of customers and suppliers, and intensity of competitive rivalry.
The report segments the global and U.S. pharmaceutical packaging market on the basis of products and regions. The products in the global and U.S. pharmaceutical packaging market are parenteral containers, plastic bottles, closures, labels, other primary packaging, blister packaging, and others. Geographically, this market is divided into North America, Rest of the World, Europe, and Asia Pacific.
Overview of the Pharmaceutical Packaging Market
The expert industry analysts state that Asia Pacific will hold an important position in sustaining the growth of the global pharmaceutical packaging market. Some of the noteworthy factors contributing to this growth will be the growing pharmaceutical industry in Asia Pacific, increasing contract manufacturing, and the ever-increasing geriatric population in this region. The pharmaceutical packaging market in North America held about 30% of the global pharmaceutical packaging market. This demand was fueled by the growing pharmaceutical markets in the U.S. and Canada.
The global pharmaceutical packaging market will also reap generous monetary benefits with technological advancements such as nano-enabled packaging. This packaging method offers a better shield against light, moisture, and mechanical forces.
The research report states that plastic bottles held a market share of about 20% in 2011. However, in the forecast period, the parenteral containers segment is expected to exhibit a remarkable growth rate due to the development of better injected therapies.
Companies Mentioned in the Report
Some of the key players operating in the global and U.S. pharmaceutical packaging industry are Becton Dickinson, Rexam PLC, Nypro Inc, MeadWestvaco, Gerresheimer AG, and Schott AG. Other important players in the global and U.S. pharmaceutical packaging market Nypro, West Pharmaceutical Services, Consort Medical, Ypsomed, Schott, 3M, and Tear and Tape. The report includes a detailed view on the financial outlook of these companies, their marketing strategies, and their research and development plans for the coming few years.
Pharmaceutical Packaging Market: Product Segment Analysis,
The report provides a detailed analysis of the market with respect to the following regions:
This report gives you access to decisive data such as:
Key highlights of this report
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