Global Pharmaceutical Packaging market 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.
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
6 Global Pharmaceutical Packaging Market, By Drug delivery Mode 6.1 Introduction 6.2 Injectable Packaging 6.3 Pulmonary Drug Delivery Packaging 6.4 IV Drugs Delivery Packaging 6.5 Topical Drug Delivery Packaging 6.6 Oral Drug Delivery Packaging 6.7 Ocular Drug Delivery Packaging 6.8 Transdermal Drug Delivery Packaging 6.9 Nasal Drug Delivery Packaging 6.10 Other Drugs Delivery Packaging
7 Global Pharmaceutical Packaging Market, By Raw Material 7.1 Introduction 7.2 Glass 7.3 Paper & Paperboard 7.4 Aluminum Foil 7.5 Plastics & Polymers 7.5.1 Polypropylene 7.5.2 High-Density Polyethylene 7.5.3 Polyvinyl Chloride 7.5.4 Polyester 7.5.5 Low-Density Polyethylene 7.5.6 Polycarbonate 7.5.7 Nylon (Polyamide) 7.5.8 Polystyrene 7.5.9 Polyethylene terephthalate (PET) 7.6 Other Raw Materials
9 Global Pharmaceutical Packaging Market, By End User 9.1 Introduction 9.2 Contract Packaging 9.3 Pharmaceutical Packaging 9.4 Institutional Pharmacy 9.5 Retail Pharmacy 9.6 Other End Users
10 Global Pharmaceutical Packaging Market, By Geography 10.1 Introduction 10.2 North America 10.3 Europe 10.4 Asia Pacific 10.5 South America 10.6 Middle East & Africa
11 Key Developments 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 11.2 Acquisitions & Mergers 11.3 New Product Launch 11.4 Expansions 11.5 Other Key Strategies
12 Company Profiling 12.1 West Pharmaceutical Services, Inc. 12.2 Amcor Ltd. 12.3 Catalent Pharma Solutions Inc. 12.4 Vitro, S.A.B. de C.V. 12.5 West Rock Co. 12.6 AptarGroup, Inc. 12.7 Gerresheimer AG 12.8 Becton Dickinson & Co. 12.9 Capsugel Inc. 12.10 Berry Plastics Group, Inc. 12.11 Owens-Illinois, Inc. 12.12 SGD SA 12.13 CCL Industries Inc. 12.14 Schott AG 12.15 Bemis 12.16 Sonoco 12.17 Visy 12.18 DS Smith
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