LONDON, March 14, 2018 /PRNewswire/ -- Functional and Security Products Drive Growth in Pharmaceutical Packaging
Gains will reflect the expanding use of high value containers, closures, and packaging accessories that promote better patient drug scheduling adherence, boost security against drug counterfeiting and drug diversion, enhance barrier protection against drug contamination, and improve the safety and ease of drug dispensing and drug administration. Globally, the use of pharmaceuticals and related packaging products will increase with aging populations; rising levels of acute and chronic conditions; the introduction of new, advanced therapies; and healthcare cost containment trends fostering the substitution of medication for more expensive medical treatment. Download the full report: https://www.reportbuyer.com/product/5312284
Key Findings in the Global Pharmaceutical PackagingStudy:
Prefillable Syringes Will Post the Fastest Growth among Primary Containers
Global value demand for prefillable syringes is projected to increase 9.0% per year through 2021. Expanding applications in the administration of critical care, emergency, and self-injectable parenteral medication will underlie gains. Advances in biotechnology, nanotechnology, and other advanced drug delivery technologies will increase the range of pharmaceuticals adaptable to prefillable syringe packaging. Most of the new blockbuster therapies expected to reach the global market in the forecast period will be biologicals produced in parenteral dosage formulations. Moreover, advances in cartridge-based parenteral delivery systems will enable an increasing number of chronic care patients to self-administer therapies. Plastic Bottles Will Retain the Largest Share of Primary Container Demand
The packaging of oral tablets, caplets, capsules, and liquids will dominate demand. Additionally, plastic bottles will continue to serve as primary containers for selected topical and powdered medicines. Among these containers, prescription dose packaging for direct dispensing to patients holds the best growth prospects. Limited applications as unit dose containers will moderate faster gains in plastic pharmaceutical bottle demand. Emerging Economies to Generate Fastest Growth
Spurred by the expansion and upgrading of drug-producing capabilities and the adoption of stricter GMP standards in pursuit of exports, Russia, China, and India will comprise the fastest growing pharmaceutical packaging markets through 2021. However, combined, the advanced pharmaceutical industries of the US, Canada, Western Europe, and Japan, will account for nearly 59 percent of global value demand in 2021. Most opportunities in the emerging economies will exist in the packaging of multiple source generic drugs. Developed world pharmaceutical industries will serve a more diversified range of applications, extending to both multiple source and proprietary medicines. Study Coverage
This study presents historical data (2006, 2011 and 2016) and forecasts for 2021 by product (plastic bottles, blister packaging, prefillable syringes, parenteral vials and ampuls, prefillable inhalers, pouches, tubes, IV containers, glass bottles and jars, other primary containers, closures, labels, secondary containers, prescription containers, packaging accessories), region, and selected countries (United States, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Mexico, Russia, South Korea, Spain, Switzerland, Turkey, and United Kingdom). The global market for plastic resins, paperboard, glass, and other pharmaceutical packaging raw materials is examined. The study also evaluates market shares and provides analysis on industry competitors including Amcor, AptarGroup, Becton Dickinson, Berry Global, CCL Industries, Gerresheimer, SCHOTT, 3M, Vetter Pharma International, West Pharmaceutical Services, and WestRock.Download the full report: https://www.reportbuyer.com/product/5312284
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