Pharmaceutical Packaging Market Research Report - Forecast to 2023

Pharmaceutical Packaging Market Research
Report By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Pharmaceutical Packaging Market Forecast To 2023
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
Pharmaceutical packaging is a combination of components, which are necessary to preserve, protect & deliver different
types of the drug product. Traditional pharmaceutical packaging materials have been developed to provide a high degree of
protection to sensitive goods. However, with technological advancement, new packaging challenges have risen, which are
solved with the use of a new generation of materials. Advanced manufacturing processes such as green packaging
technologies, use of environment-friendly materials to develop pharmaceutical packages, which inflict minimal harm to the
environment plays an important role in the growth of the global pharmaceutical packaging market.
All of these factors, coupled with the rising pharmaceutical industry, will continue to motivate people to purchase packaging
product. However, availability and price volatility of raw materials and changing health regulations, in order to meet
increasing demand from the growing pharmaceutical industry acting as a major restraint for the market.
The packaging of pharmaceuticals provides containment, drug safety, identity, the convenience of handling, and delivery.
Pharmaceutical packagers concerned with pressing include counterfeit and packaging, ensuring drug integrity and balancing
child-resistance, and others. In the world of the Pharmaceutical packaging constant innovation is key to ensure Patient
safety. Moreover, the combination of an increase in the generic OTC products and an increasingly competitive marketplace
have made it an important marketing tool. The issue of environmental safety is also a key concern for emerging countries.
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Pharmaceutical Packaging Market Forecast To 2023
Pharmaceuticals need reliable and speedy packaging solutions, which fulfill quality, comfort, and security needs. Constant
innovations such as blow-fill-seal (BFS) vials, anti-counterfeit measures, plasma impulse chemical vapor deposition (PICVD)
coating technology, two-in-one prefilled vials, prefilled syringes, and child-resistant packs all have a direct impact on the
packaging.
According to PMMI, The Association for Packaging and Processing Technologies, the market for pharmaceuticals and
medical devices is likely to continue growing over the forecast period. In total, the 2015 pharmaceutical industry produced
USD 1.1 trillion in the global sales with medical devices reaching USD 350 billion. Aging population, longer life expectanc,y
and a general increase in rare or chronic diseases are impacting healthcare worldwide. Global medicine use is expected to
reach 4.5 trillion doses by 2020, up 24% from 2015, emphasizing the opportunity in this market segment.
The future of the global pharmaceutical packaging market looks good, driven by the growth of the pharmaceutical industry
coupled with improving healthcare services in emerging economies. In this pharmaceutical packaging market, it is
categorized into different materials, which include plastic, glass, paper, and other material types. On the basis of the type, it
is segmented into bottle & vials, aerosol packs, tubes, blister packs, sachets, ampoules and others. By the packaging, the
market is categorized into flexible, rigid and semi-rigid. On the basis of the application, the market is catogorized into
medical tools & equipment, generic drugs, branded drugs, and other. Geographically, the market is segmented into Asia
Pacific, North America, Europe, and the Middle East & Africa.
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 2016, Amcor Ltd. (Australia) expanded its Milwaukee plant, Wisconsin (U.S.) with an aim to enhance its flexographic
printing.
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Pharmaceutical Packaging Market Forecast To 2023
Pharmaceutical Packaging Market-By Segment
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Pharmaceutical Packaging Market Forecast To 2023
Regional Analysis
High adoption of desiccants for pharmaceutical and chemical sectors helped the North American market to stay ahead of
other regional pharmaceutical packaging market. Availability of raw materials and advance technologies, and continuous
research and development activities enable the development of innovative product solutions in this region. Additionally,
new product launches with specialized packaging needs and increase in investment for novel drug delivery techniques.
Asia Pacific is expected to experience a high growth over the forecasted period due to fastest growing markets such as
China and India. Rapidly expanding pharmaceutical manufacturing capabilities and the adoption of more stringent
regulations aimed at improving the quality and integrity of domestically produced medicines and its packaging.
Key Players
Some of the key players in the global pharmaceutical packaging market include Amcor Ltd. (Australia), Schott AG
(Germany), AptarGroup, Inc. (U.S.), Gerresheimer AG (Germany), Becton, Dickinson and Company (U.S.), Capsugel Inc.
(U.S.), Owens-Illinois (U.S.), Berry Plastics Group (U.S.), Westrock Company (U.S), and COMAR LLC (U.S.).
The companies that are trying to enter the market need to have a medium capital investment to set up manufacturing
facilities and carry out R&D activities. Moreover, low to medium switching costs by consumers, makes the entry of new
players moderately easy. Thus, making the threat of new entrants, medium.
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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

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