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Pharmaceutical Packaging Market Analysis, Industry Size, Regional Outlook, Competitive Strategies and Forecasts, 2019 To 2023, Focusing On Top Key Players

Pharmaceutical Packaging Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Material (Plastic, Paper & Paperboard, Glass), Type (Bottle, Aerosol Pack, Tubes, Blister Pack, Sachets), Packaging (Rigid, Flexible, Semi-rigid), Application (Generic Drugs, Branded Drugs, Medical Tools & Equipment, Test Kits, Nutraceuticals), and Region – Forecast till 2023

Global Pharmaceutical Packaging Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

The demand for innovative products such as parenteral containers and pre-fillable inhalers is too rising continually. Moreover, factors such as technological innovations, government initiatives, and increasing demand for drug delivery devices is helping global market escalation.

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On the other hand, factors that are impeding the growth of the market include the volatility in the price and demand-supply gap in the raw materials required for the production of packaging solutions. Also, the changing health regulation is a significant factor anticipated to pose challenges to the growth of the pharmaceuticals packaging market.

Nevertheless, economies such as Canada, Japan, the US, and Western Europe would support the growth of the market, providing almost 60 % of the total global demand for pharmaceutical packaging.

Major Players:

Key players leading the pharmaceutical packaging market include Schott AG (Germany), Amcor Limited (Australia), Owens-Illinois Inc. (US), West Pharmaceutical Services, Inc. (US), Sonoco Products Company (US), WestRock Company (US), CCL Industries, Inc. (Canada), Berry Global Inc. (US), Avery Dennison Corporation (US), Comar, LLC (US), International Paper (US), and Gerresheimer AG (Germany) among others.

The global pharmaceutical packaging market is expected to expand at 6.51% CAGRduring the forecast period (2018-2023).

Innovation/ Industry/Related News:

April 10, 2019 —– Marchesini Group S.p.A. (Germany), a leading global manufacturer of packaging machines for pharmaceutical and cosmetic sectors rolled out a robust Industry 4.0 program at its plant in Pianoro, Italy, which will enable to gather and analyze machine data to make the manufacturing processes faster, more flexible, and efficient, ensuring higher-quality production at a reduced cost.

The giant builder of pharmaceutical packaging machinery took this decision knowing that IoT software and services in the pharma industry are expected to grow even more colossally in the recent future.

Under the program, the firm has adopted OPC Unified Architecture (OPC UA) across the board. OPC UA is a machine-to-machine communication protocol in industrial automation which is also described as SOA (service-oriented architecture), a software design whose basic principles are independent of vendors, product, and technologies.

Global Pharmaceutical Packaging Market   – Competitive Landscape

Highly competitive, the pharmaceutical packaging market appears to be fragmented characterized by the presence of several well-established and small players. These players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and product launch to gain a competitive advantage in this market. They are acquiring promising companies in the fast-growing markets like China, Indonesia, South Africa, Brazil, and India while also focusing on improving their market performance.

Manufacturers are communicating with customers to balance complex considerations such as developing good designs. They are also looking into pressing concerns such as counterfeiting, patient compliance, drug integrity, and balancing child-resistance & accessibility for the elderly. These concerns have resulted in increasing the costs of packaging solutions. The costs involved in the development of new products is also expected to increase the packaging price of these pharmaceuticals.

They employ continuous improvement strategies to analyze and upgrade products, implementing improvements, and advanced technologies to meet the challenging needs of the consumers. A number of new players are expected to enter the market which with their advanced technologies will capture a major portion of fast-moving consumer goods packaging market in the coming years.

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Global Pharmaceutical Packaging Market   – Segmentation

For a better understanding, the report has been segmented into five key dynamics:

BTypes :  Bottles, Aerosol Pack, Blister Pack, Tubes, Sachets, and Ampoules, among others.

By Materials : Glass, Plastic, Paper & Paperboard, and Glass, among others.

By Packaging Rigid, Flexible, and Semi-rigid.

By Application Generic Drugs, Branded Drugs, Medical Tools & Equipment, Test Kits, and Nutraceuticals, among others.

By Regions : Asia Pacific, Europe, North America, and Rest-of-the-World.

Pharmaceutical Packaging Market   – Regional Analysis

North America, led by the burgeoning pharmaceutical and healthcare industry, accounts for the leading region in the global pharmaceutical packaging market. It is expected that market growth will keep on increasing during the forecast period.

The pharmaceutical packaging market in the European holds the second position in the global market. Europe has gained a stronghold in the market owing to the and technological advancements in the packaging manufacturing solutions. Besides, the prevalence of chronic diseases in the region is fostering the growth of the market, creating a massive demand in the pharma sectors.

The Asia Pacific pharmaceutical packaging market is emerging as a promising market globally. Rapidly developing countries such as India and China, have emerged as a profitable market due to the rapidly expanding drug-producing capabilities. The adoption of more stringent regulations aiming at improving the quality and integrity in the production techniques is, in turn, driving the regional market.

Russia, Mexico, Argentina, Brazil, Turkey, and Iran are among other developing markets that are expected to diversify drug-producing industries, registering above-average gains.

Key Questions Addressed by the Report

  • What was the historic market size (2017)?
  • Which segmentation (material /type/ packaging is driving market?
  • What will be the growth rate by 2023?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

List of Tables

Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Pharmaceutical Packaging: Macro Factor Indicator Analyses, 2017
Table 4 Research Collaborations by Foreign-affiliated Companies and Japanese Universities/research Institutes
Table 5 Global Pharmaceutical Packaging Market, by Material, 2013–2017 (Usd Million)
Table 6 Global Pharmaceutical Packaging Market, by Material, 2018–2023 (Usd Million)
Table 7 Global Pharmaceutical Packaging Market, by Material, 2013–2017 (Million Units)
Table 8 Global Pharmaceutical Packaging Market, by Material, 2018–2023 (Million Units)
Table 9 Global Pharmaceutical Packaging Market, by Type, 2013–2017 (Usd Million)
Table 10 Global Pharmaceutical Packaging Market, by Type, 2018–2023 (Usd Million)

Continued………

List of Figures

Figure 1 Global Pharmaceutical Packaging: Market Structure
Figure 2 Research Process of Mrfr
Figure 3 Top-down and Bottom-up Approaches
Figure 4 Market Dynamics: Global Pharmaceutical Packaging Market
Figure 5 Global Spending on Medicines, 2012 and 2017, (Usd Billion)
Figure 6 Percentage (%) of Health Spending, 2016
Figure 7 Drivers Impact Analysis
Figure 8 Global Plastic Waste by Disposal, 2011–2015 (%)
Figure 9 Net Loss of Forest Area, by Countries, 2010–2015 (Thousand Hectare)
Figure 10 Restraints Impact Analysis

Continued……..

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