March 2020
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pharmaceutical packaging market bwc19443
Global
Pharmaceutical Packaging Market Forecast and Trends
The Global Pharmaceutical
Packaging Market is projected to grow at a substantial rate during the forecast
period. The pharmaceutical packaging industry is growing on account of
increasing population, rising disposable income, and increasing focus on
improving life expectancy is expected to drive the market. Besides, the
expanding concentration of pharmaceutical packaging manufacturers on
sustainability with the adoption of biodegradable and recyclable materials is
expected to further fuel the growth. Additionally, growing demand for
convenient packaging types, such as prefilled syringes and auto-injectors, is
anticipated to create growth opportunities for the companies operating in the
market.
This market is anticipated
to witness notable growth in the coming years, owing to the increased R&D,
innovations in packaging materials, growth in the generic market, and rise in
trend of contract packaging. Growing demand for eco-friendly and re-usable
packaging is also projected to drive the market. The pharmaceutical drug
manufacturing companies have started adopting eco-friendly pharmaceutical
packages to surmount environmental concerns. Technological advancements in
pharmaceutical packaging solutions provide immense innovative and advanced
applications to the pharmaceutical & biopharmaceutical industries to
enhance their packaging standards. The impact of these drivers is projected to
increase significantly due to an increase in consciousness regarding various
diseases, the rise in self-medication, and growing usage of OTC drugs.
Global
Pharmaceutical Packaging Market: Overview
Pharmaceutical packaging is
also known as drug packaging, which involves several activities varying from
pharmaceutical production to distribution to the end-user. Pharmaceutical
Packaging facilitates the protection of medicines from contamination,
degradation, damage, and counterfeiting, and helps to extend product shelf
life. The drug manufacturers are required to follow the international
regulatory compliance. Improvement in the services of healthcare backed by
rapid urbanization, particularly in emerging economies, has added to the growth
of the pharmaceutical packaging market.
Growth
drivers
Advanced manufacturing
processes
The sophisticated
manufacturing processes used to develop pharmaceutical packages execute a
pivotal role in the growth of the global pharmaceutical packaging market.
Advanced manufacturing processes, which include green packaging technologies,
utilize environment-friendly materials to produce pharmaceutical packages,
causing minimal harm to the environment, are expected to drive the market
growth. The designs of these eco-friendly and biodegradable packaging materials
are substituting the existing conventional packaging materials. The raw
materials employed for eco-friendly packaging include cardboard, paper, and
corn starch. The use of biodegradable materials promotes the sustainability of
all stages of the pharmaceutical product lifecycle; thus, pharmaceutical
manufacturers raise the demand for sustainable packaging.
Increasing environmental
concern
The increasing environmental
concern is promoting pharmaceutical manufacturers to opt for sustainable
packaging techniques owing to the rising preference among end-users toward
eco-friendly packaging. Many manufacturers are also establishing sustainability
goals in their business operations to decrease their environmental impacts. The
increasing ecological concern among end-users will boost the demand for
sustainable pharmaceutical packaging. This will be one of the key trends that
will enhance the pharmaceutical packaging market growth at a significant rate
during the forecast period.
Restraint
High packaging cost and
government regulations
The price volatility of raw
materials, which is used in pharmaceutical packaging, hampers the growth of the
market. The raw material and packaging costs have risen significantly in the last
few years, and it is also presumed that the prices will increase overall along
with variations in ecological measures. MOreover, the supplier has to put more
effort to streamline their process according to the regulations of concerned
authorities such as Food and Drug administration (FDA), and others.
Global
Pharmaceutical Packaging Market: Raw Material
On the basis of raw
material, the global pharmaceutical packaging market is segregated into
Plastics & Polymers, Paper & Paperboards, Glass, Metal, and Others. The
plastics & Polymers segment is anticipated to dominate the global market
due to its barrier properties and chemical inertness. They can be used to build
attractive packages with aesthetic appeal, which aids in the marketing and
promotion of pharmaceutical products.
Global
Pharmaceutical Packaging Market: Product Type
Based on product type, the pharmaceutical packaging market has been bifurcated into primary and secondary packaging. The primary pharmaceutical packaging segment is expected to account for the largest revenue share and is projected to maintain its dominant position over the forecast period. Product advantages, such as quality assurance, prevention from contamination, travel safety through the supply chain, and improved performance at the point of use, are expected to fuel the demand.
Global
Pharmaceutical Packaging Market: Type
The global pharmaceutical
packaging market is segregated into Bottles, Blister Packs, Labels &
Accessories, Caps & Closures, Medical Specialty Bags, Pre-Filled Syringes,
Others based on type. The demand for prefill-able syringes is projected to grow
at higher rate during the forecast period. Prefillable syringe packaging is
anticipated to hold major share due to advances in nanotechnology,
biotechnology, and other advanced drug
delivery technologies will improve the range of pharmaceuticals adoption to
prefillable syringe packaging. Growing applications in the administration of
critical care, emergency, and self-injectable parenteral medication will
recognize gains. Blister packaging to predicted to be the second-largest
segment in the pharmaceutical packaging market.
Global
Pharmaceutical Packaging Market: Regional Insights
Geographically, the global Pharmaceutical Packaging market is segregated into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America is anticipated to hold the major share of over the forecast period. Plenty of new product launches with specialized packaging needs is increasing rapidly. The region is benefitting from the presence of a large number of conglomerates manufacturing varied medicines. Expanding generics manufacturing coupled with a rise in contract packaging are projected to boost market growth over the forecast period.
Competitive
Landscape
The companies that hold the
major share of global Pharmaceutical Packaging market are Amcor PLC
Gerresheimer AG Berry Global Inc. Schott AG Aptargroup, Inc. Becton, Dickinson
and Company Catalent, Inc., Nipro Corporation, West Pharmaceutical Services,
Inc., Westrock Company, Alpla Werke Alwin Lehner GmbH & Co Kg, Ardagh Group
S. A., Constantia, Ccl Industries Inc., Frank Noe Egypt LTD, Gaplast GmbH,
Lonza Group LTD, Mondi Group, Panasonic Corporation, and other prominent
players.
Recent
Development
In November 2019, ULMA
Packaging UK continued its track record of pack innovation with the launch of a
new, easy-to-open flow pack package for the medical sector.
In July 2019, Employee-owned
business, Kite Packaging, has launched its new temperature indicators to help businesses
accommodate a maintained temperature in transit.These new temperature
indicators are self-adhesive small labels that go inside chilled packaging to
promote contents that need to be kept at a certain temperature.
Scope of the Report
Attribute |
Details |
Years Considered |
Historical data –
2016-2019 Base Year – 2019 Forecast – 2020 – 2026 |
Facts Covered |
Revenue in USD Billion |
Market Coverage |
United States, Canada, Germany, United Kingdom, France, Italy, Spain,
Brazil, Mexico, Argentina, Japan, South Korea, China, India, UAE, South
Africa, Saudi Arabia. |
Product/Service Segmentation |
By Type, By Raw
Material, By Drug Delivery Mode, By Product Type, By Region. |
Key Players |
Amcor PLC
Gerresheimer AG Berry Global Inc. Schott AG Aptargroup, Inc. Becton,
Dickinson and Company Catalent, Inc., Nipro Corporation, West Pharmaceutical
Services, Inc., Westrock Company, Alpla Werke Alwin Lehner GmbH & Co Kg,
Ardagh Group S. A., Constantia, Ccl Industries Inc., Frank Noe Egypt LTD,
Gaplast GmbH, Lonza Group LTD, Mondi Group, Panasonic Corporation, and other
prominent players. |
By Type
·
Bottles
·
Blister Packs
·
Labels & Accessories
·
Caps & Closures
·
Medical Specialty Bags
·
Pre-Filled Syringes
·
Others
By Raw Material
·
Plastics & Polymers
·
Paper & Paperboards
·
Glass
·
Metal
·
Others
By Drug Delivery Mode
·
Oral Drug Delivery Packaging
·
Pulmonary Drug Delivery Packaging
·
Transdermal Drug Delivery Packaging
·
Injectable Packaging
·
Others
By Product Type
·
Primary Packaging
·
Secondary Packaging
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
The
objective of the Study:
To analyze and forecast the
Global Market size of the market in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms of value, based on
the region by segmenting.
The Global Market segmented
into five regions, namely, North America, Europe, Asia Pacific, Middle East
& Africa, Latin America.
To outline, categorized, and
forecast the Global Market based on the Type, Raw Material, Drug Delivery Mode,
and Product Type.
To examine competitive
developments like technological advancement, services, and regulative framework
within the Global Market.
To highlight the impact
analysis of the factors affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile
the key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
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