The key players, in Pharmaceutical Packaging Market such as Amcor Ltd. (Australia), Schott AG (Germany), AptarGroup, Inc. (U.S.), Gerresheimer AG (Germany), Becton, Dickinson and Company (U.S.), and Capsugel Inc. (U.S.) operating in the pharmaceutical packaging market have adopted both, organic as well as inorganic growth strategies between 2012 and 2016 to strengthen their position in the market.
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The pharmaceutical packaging market is projected to reach USD 94.93 billion by 2021, at a CAGR of 6.4% during the forecast period, 2016 to 2021. The growth of the pharmaceutical packaging market can be attributed to increased demand from the emerging economies for improved healthcare services and increase in the aging population in developed economies, such as the U.S., the U.K., and Japan, among others.
The stakeholders in the pharmaceutical packaging market are:
- Pharmaceutical Packaging Manufacturers, Dealers, and Suppliers
- Drug Manufacturers
- Research Organizations
- Government and Other Regulatory Bodies
- End-Use Companies
- Industry Associations
Key factors driving growth of pharmaceutical packaging market are growing urbanization, increasing acceptance of oral administration of drugs, and technological advancements in the field of pharmaceutical packaging such as nano technology.
However, factors such as, increase in overall packaging costs owing to dynamic regulatory measures, and stringent regulations set by various governing bodies to curb manufacturing of counterfeit medicines in several countries
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The main objective of the study is to define, describe, and forecast the pharmaceutical packaging market on the basis of type, drug delivery, veterinary vaccine, raw material, and region. The report includes detailed information about the major factors, such as drivers, restraints, opportunities, and industry specific challenges influencing the growth of the pharmaceutical packaging market.
1 Significant Opportunities in Pharmaceutical Packaging Market
2 Pharmaceutical Packaging Market: By Type
3 Pharmaceutical Packaging Market Share, By Region
4 Pharmaceutical Packaging Market, By Drug Delivery Type, 2014–2021
5 Pharmaceutical Packaging Market Share, By Raw Material and Region
6 Pharmaceutical Packaging Market, By Veterinary Vaccines, 2014–2021
The pre-fillable syringes segment of the pharmaceutical packaging market is projected to grow at the highest CAGR from 2016 to 2021. Traditional vials and syringes are prone to dosing errors and as such, it is relatively difficult to achieve better patient compliance rates by using them.
Pre-fillable syringes are gaining popularity across the globe, owing to increase in the number of people resorting to self-medication.
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In this report, the pharmaceutical packaging market has been segmented on the basis of type, veterinary vaccine, drug delivery, raw material, and region. The objective of the study is to define, describe, and forecast the pharmaceutical packaging market on the basis of various segmentations and to strategically analyze the market segments with respect to individual growth trends, future prospects, and contribution to the total market.
The report will help market leaders/new entrants in this market in the following ways:
- This report segments the pharmaceutical packaging market comprehensively and provides the closest approximations for sizes of all market segments and subsegments across different verticals and regions.
- This report will help stakeholders in obtaining improved understanding of their competitors and gain insights about their businesses. The competitive landscape section includes detailed information about investments, expansions, new product launches, partnerships, agreements, collaborations, and mergers & acquisitions undertaken by the key players in the pharmaceutical packaging market.
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