Global Pharmaceutical Packaging Market; By End User Vertical (Retail Pharmacy, Institutional Pharmacy, Pharmaceutical Manufacturing, Contract Packaging, and Others); By Product Packaging (Primary, Secondary, and Tertiary); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Pharmaceutical packaging can be described as packaging products manufactured using medicinal-compatible materials to secure, identify, and ensure the quality of the medicinal products contained within. They are made to protect the temperature and light-sensitive drugs for the external environmental condition. The stored product can be protected from physical damage, chemical transaction, biological effects, and climate hazards using primary or secondary packaging.
This report anticipates the Pharmaceutical packaging market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, in line with the growth of numerous end-users of Pharmaceutical packaging throughout the world, the demand is expected to rise. Due to continuous rising demography, rising disposable income in developing economies especially of Asian countries is expected to create demand from the end-user in the market.
Pharmaceutical packaging Market: Segments
Global market has been segmented on the basis of product packaging, end user vertical, and by location. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.
By Product Packaging (in %), global Pharmaceutical packaging Market, 2019
The Primary segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.
Global Pharmaceutical packaging Market is segmented by product packaging into: Primary, secondary, and tertiary
Primary Packaging is expected to dominate the market in 2019 and is anticipated to maintain its dominance throughout the projected period. This growth is attributed due to several reason out of which the segment grows mainly due to several benefits like prevention from contamination, quality control, supply chain transport protection, and improved end user efficiency. Due to increased patient adherence and comfort, surge in communicable and other chronic diseases like migraine, cancer pain, asthma, etc. has resulted in the new mode of oral drug delivery which has created further demand for primary packaging products like bottles, syringes, etc.
Global Pharmaceutical packaging Market: Market Dynamics
• Growing health consciousness
In the intensely challenging pharmaceutical packaging industry, increased safety awareness and the need for convenience in particular demands continuous assurance and difference through the production of new product content. The increasing awareness of environmental concerns and the introduction of new packaging recycling regulatory requirements also serve as the growing agents for the pharmaceutical packaging industry.
• Improper knowledge and inadequate resources.
Poverty, lack of adequate infrastructure, low literacy rates, and the proliferation in emerging markets of inappropriate health systems hinder the market growth. Within developing countries, poverty constitutes a major obstacle in accessing health care facilities. The major force that impedes access to healthcare services is the financial constraints, poor information, obsolete facilities, the lack of sufficient personnel and improper knowledge of good healthcare practices.
Global Pharmaceutical packaging Market: Regions
In terms of value and volume, North America was the largest market accounting for XX% of total market volume share in 2019
North America maintained its hegemony in the global Pharmaceutical packaging market in 2019 owing to key pharmaceutical players in countries like USA, Mexico and Canada. These players make a high investment in pharmaceutical products due to government regulations and drive towards increased mortality and high life expectancy rates. High per capita income leads to better standards of living which demand a potential health care system. This has led to huge investment in the pharmaceutical packaging market and major players have emerged who specializes in such sectors.
APAC’s market demand is powered by rising governmental policies in the global pharmaceutical industry, increasing contract manufacturing activities, growing population aging, and increased health care expenditure. China has emerged as the major player in APAC region. However, consistent economic growth coupled with high population growth led to a rise in demand in countries like India, Brazil, etc.
Global Pharmaceutical packaging Market: Key Players
• Amcor plc
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• AptarGroup Inc.
• Dickinson and Company
• Berry Global Inc.
• International Paper Company
• Vetter Pharma International
• West Pharmaceutical Services Inc.
• WestRock Company
• CCL Industries Inc.
• Schott AG
• Comar LLC
• Gerresheimer AG
• Other prominent players
Global Pharmaceutical packaging market report also contains analysis on:
• Pharmaceutical packaging Market Segments:
o By Production Process:
o By End User Vertical:
Food & Beverage
Pharmaceutical & Medical
• Pharmaceutical packaging Market Dynamics
• Pharmaceutical packaging Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints