Pharmaceutical Packaging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Mar-2020 | List of Tables : 148 | List of Figures : 250 | No. of Pages : 170 | Report Code : FACT4573MR |

Pharmaceutical Packaging to Register Two-fold Revenue Growth

On account of increasing population, consumer awareness and rising disposable income, the global pharmaceutical packaging market will grow 2.2X from 2019 to 2029. Developing countries such as India, China, and Brazil cater to a millennial population which demands convenient packaging solutions such as auto-injectors, and pre-filed syringes. When coupled with frequent deadly disease outbreaks such as Corona virus, H1N1, countries are compelled to make incremental investments in healthcare to increase life expectancy. This filters down to an increase in demand for pharmaceutical packaging. Developed regions, on the other hand, are witnessing a proliferation of their geriatric population. This consumer segment is highly dependent on pharmaceutical drugs for maintaining good health thus adding to the demand for pharmaceutical drugs packaging.

Preference for Plastics & Polymers to Remain Intact

Polypropylene, a sub segment of plastics & polymer will experience accentuating demand on the back of favorable mechanical, thermal, physical, and electrical properties. The material exhibits high tensile strength along with superior resistance against chemicals, organic solvents, and electrolyte attacks. Plastics & Polymer segment accounts for more than 38% share of total market value. Glass is another material of importance with the second highest market share. The silica based packaging material will continue to experience rising demand, owing to the prevalence of atmosphere sensitive pharmaceutical drugs. For instance, oral solutions are always at risk of potential degradation via oxidation and hydrolysis, glass containers prevent that from happening. Another factor that ensures growth of this segment is the practice of dosing. Pharmaceuticals sold in glass packaging are administered to consumers in doses which necessitates durable packaging material of this kind.

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Asian Markets to Widen Investment Opportunities

Characterized by the presence of leading pharmaceutical companies, North America will maintain its hegemony over global sales with 38% share of total market value. The United States, regarded as the largest pharmaceutical market of the world will propel demand from this region on the back of growing geriatric population, high per-capita income, and increasing healthcare spending. Southeast Asia & Oceania offer lucrative growth opportunities with a double digit CAGR of more than 11% through the end of 2029. East Asia is another region that shows double digit growth. Countries such as China, Japan, and South Korea are developing healthcare infrastructure to accommodate the increasing demand for quality healthcare from the millennial workforce. These factors will fuel pharmaceutical packaging demand from East Asia to grow at a stellar 10.6% CAGR during the forecast period.

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Prioritizing R&D for Sustainable Materials to be Key Market Imperative

The pharmaceutical packaging market is fragmented owing to the presence of companies operating regionally. Research and development of materials and packaging techniques is a top priority for every manufacturer. Omnipresent concerns about global warming due to excessive packaging waste is leading to the introduction of stringent regulations in many countries. Hence, manufacturers are adopting strategies such as mergers & acquisitions to expand their global footprint and add disruptive packaging advancements to their product portfolio. Leading companies from the pharmaceutical packaging market are Amcor Plc, Becton Dickinson & Company, AptarGroup Inc., Drug Plastics Group, Gerresheimer AG, Schott AG, Owens Illinois Inc., West Pharmaceutical Services Inc., Berry Global Inc., WestRock Company SGD S.A., International Paper Company, COMAR LLC, CCL Industries Inc., and Vetter Pharma International.

Global Pharmaceutical Packaging Market - Scope of the Report

The following report provides forecast and analysis of the global pharmaceutical packaging market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (Tons), according to a Fact.MR study. The research propounds critical trends that are currently influencing growth within the global pharmaceutical packaging market along with several macro-economic indicators. This newly published and insightful report on pharmaceutical packaging sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global pharmaceutical packaging market.

The report also comprises the study of current issues with end users and opportunities for pharmaceutical packaging. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of pharmaceutical packaging manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the pharmaceutical packaging market provided in the report adds to the credibility of this exhaustive research study.

Global Pharmaceutical Packaging Market: In-Depth Assessment on Key Segments

The global pharmaceutical packaging market is segmented on the basis of material, product type, application and region.

Material

Product Type

Application

Region

Plastics & Polymers

Primary Pharmaceutical Packaging

Pharmaceutical Manufacturing

North America

  • Polypropylene (PP)
  • Plastic Bottles

Retail Pharmacy

Latin America

  • Polyethylene (PE)
  • Caps & Closures

Contract Packaging

Europe

  • Polyethylene Terephthalate (PET)
  • Parenteral Containers

Institutional Pharmacy

East Asia

  • Polyvinyl Chloride (PVC)
  • Blister Packs

Others

South Asia & Oceania

  • Polystyrene (PS)
  • Prefillable Inhalers

 

Middle East & Africa

  • Others
  • Pouches

 

 

Paper & Paperboard

  • Medication Tubes

 

 

Glass

  • Others

 

 

Aluminum Foil

Secondary Pharmaceutical Packaging

 

 

Others

  • Prescription Containers

 

 

 

  • Pharmaceutical Packaging Accessories

 

 

 

Tertiary Pharmaceutical Packaging

 

 

This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited. 

Country-specific assessment on demand for pharmaceutical packaging has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous pharmaceutical packaging manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target applications. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global pharmaceutical packaging market. Some of the key competitors operating in the pharmaceutical packaging market are Amcor Plc, Becton, Dickinson and Company, AptarGroup, Inc., Drug Plastics Group, Gerresheimer AG, Schott AG, Owens Illinois Inc., West Pharmaceutical Services Inc. and others.

Global Pharmaceutical Packaging Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the pharmaceutical packaging market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the pharmaceutical packaging market, which includes global GDP growth rate, various industries growth rate such as pharmaceutical, packaging, and others. This report serves as an authentic resource of intelligence on the pharmaceutical packaging market, enabling the readers to take fact-based decisions on the future direction of their businesses.

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Pharmaceutical Packaging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029