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The global pharmaceutical packaging market is expected to grow at a CAGR of 6.7% from 2013 to 2018 to reach a value of $78.79 billion. The packaging market by drug delivery type is growing at a CAGR of 9.1% and constitutes a significant part of the overall pharmaceutical packaging market. The market is expected to be pushed by off-patenting of drugs, expanding generics market, and rapidly growing drug delivery market. Due to increasing generic and contract manufacturing activities in Asia-Pacific, especially in India and China, the emerging geographies are expected to register maximum growth.
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Advances in biotechnology often lead to the introduction of new therapies that must be injected; the pharmaceutical packaging market is expected to witness fastest growth from pre-fillable syringes and parenteral vials. Availability of raw materials and price volatility coupled with changing health regulations are the major deterrents that are curbing the growth of this market. The fastest growth in the pharma packaging market is expected to come from pre-fillable syringes, labels and accessories, blister packs, temperature controlled medicines packaging, and few niche products, which will continue to expand in the coming years. Mergers and acquisitions in the recent past have indicated that the industry is on its way to consolidation globally and global packaging suppliers are strengthening their presence in emerging markets.
All these factors, along with the growing pharma industry, will continue to drive the demand for packaging. However, the packaging industry will have to overcome challenges, such as the availability and price volatility of raw materials and changing health regulations, in order to meet the increasing demand from the growing pharma industry.
Companies profiled in this pharmaceutical packaging industry research report include Amcor Ltd., Aptargroup, Inc., Becton, Dickinson & Company, Capsugel Inc., Catalent Pharma Solutions Inc., CCL Industries Inc., Clondalkin Group Holdings B.V., Datwyler Holding Inc., Gerresheimer AG, Global Closure Systems Ltd, Intrapac Group, Klockner Pentaplast Group, Meadwestvaco Corporation, Nypro Inc., Rexam PLC, RPC Group PLC, Schott AG, Steripack Limited, Vitro, S.A.B. De C.V., West Pharmaceutical Services Inc. and Wihuri Group. Order a copy of this report at http://www.lifescienceindustryresearch.com/purchase?rname=8391 .
Packaging is one of the largest industry sectors in the world, worth several billions. Pharmaceutical packaging represents a meager percentage of this colossal market. The global pharmaceutical industry has seen a shift in paradigm and has now moved towards efficient and advanced packaging. About a decade ago, packaging was considered as a last thought, which was needed to be considered in the final stages of manufacturing for many pharmaceutical companies. But recently, packaging has quickly become an essential part of the pharmaceutical products, drug delivery system as well as a core element of the marketing mix, through which manufacturers can differentiate their products from those of their competitors. Packaging has been helping the drug manufacturers to meet many challenges in value chain of pharmaceuticals business. The demand for pharmaceutical packaging is increasing and will continue to increase as the companies utilize packaging and labeling more like a medium to protect and promote their products, increase patient compliance, and meet new regulations.
Pharmaceutical Packaging Equipment Market by Package Type (Blister, Strip, Bottle, Tube, Aseptic Packaging, Wrapping, Labeling & Serialization), by Product Type (Tablet, Powder, Cream, Syrup, Aseptic Liquid, Aerosol) - Global Forecast to 2018 research report is of 367 pages published in Feb 2014. In response to the rising demand for flexible, automated, and integrated packaging lines from the pharmaceutical industry, the pharmaceutical packaging equipment market has witnessed a paradigm shift in the use of conventional packaging lines. In order to keep up with this change, pharmaceutical packaging equipment manufacturers are applying various novel technologies to reduce down time in order to increase production. It is expected that this trend will continue to solve the present challenges and fulfill the unmet needs of the market. The overall research activities in the pharmaceutical packaging equipment market mostly concentrate on developing equipment for novel drug delivery solutions and personalized drugs to meet patient compliance requirements. The regulatory modifications regarding packaging and labeling of pharmaceutical products is also expected to play a vital role in the growth of this market during the forecast period. Companies like Bausch & Ströbel Maschinenfabrik Ilshofen Gmbh Co. Kg, IMA S.P.A., Körber AG, Marchesini Group SPA, Mg2 S.R.L., Multivac Group, Optima Packaging Group Gmbh, Robert Bosch Gmbh, Romaco Pharmatechnik Gmbh and Uhlmann Group are profiled in the research available at http://www.lifescienceindustryresearch.com/pharmaceutical-packaging-equipment-market-by-package-type-blister-strip-bottle-tube-aseptic-packaging-wrapping-labeling-serialization-by-product-type-tablet-powder-cream-syrup-aseptic.html .
Explore more reports on pharmaceuticals at http://www.lifescienceindustryresearch.com/category/pharmaceuticals .
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