Emerging Generic Drug Demand & Fast Growing Drug Delivery to Drive Global Pharmaceuticals Packaging Market Over the Forecast Period: Ken Research
Packaging is an art, science and technology of protecting products for distribution, sale, storage and use. Pharmaceuticals packaging includes packages & packaging processes for pharmaceutical preparations. Packaging widens the shelf life of composite pharmaceuticals and also protects them from the microbial contamination and toxins. It also has various functions from production and the drug distribution channels for the end consumer.
According to study, “Global Pharmaceuticals Packaging Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” key companies operating in the global pharmaceuticals packaging market include Gerresheimer AG, ACG, Amcor Ltd., Capsugel Inc., CCL Industries Inc., Gerresheimer, Becton, Dickinson and Company, DuPont, Schott AG, Nipro, Avery Dennison Corporation, Owens-Illinois, Inc., Svam Packaging, West Pharmaceutical Services, Inc., Bilcare, AptarGroup Inc., WestRock Company, Sonoco Products Company, Westrock Company, Berry Plastics Group, Inc., Datwyler, Bemis Healthcare, Jal Extrusion, NGPACK, SGD SA.
Based on type, global pharmaceuticals packaging market is segmented into blister packs (wallet packs & compartment packs), plastic bottles (plastic dispensing bottles, plastic cans, standard plastic bottles and plastic jars), caps & closures, pre-fillable syringes, labels & accessories, plastic bottles, medical specialty bags, ampoules, temperature controlled vaccines or medicines packaging, vials, pouches & strip packs, pre-fillable inhalers (dry powder inhalers & metered dose inhalers), jars & canisters, medication tubes (all-plastic tubes, composite tubes & collapsible metal tubes), cartridges and others. Based on veterinary vaccines, market is segmented into livestock vaccines packaging, canine vaccines packaging, porcine vaccines packaging, feline vaccines packaging, poultry vaccines packaging, aquaculture vaccines packaging and equine vaccine packaging.
Based on drug delivery mode, market is segmented into oral drug delivery packaging, transdermal drug delivery packaging, pulmonary drug delivery packaging, topical drug delivery packaging, injectable packaging, ocular drug delivery packaging, nasal drug delivery packaging and other drugs delivery packaging. The oral drug delivery mode is extensively used to govern drugs through the mouth, which proves to be a simple & efficient method of drug administration. Based on raw material, the market is bifurcated into plastics & polymers (high-density polyethylene, polypropylene, polyester, polyvinyl chloride and low-density polyethylene), glass, paper & paperboard, aluminum foil and others. Based on packaging, market is segmented into flexible packaging, rigid packaging, and semi-rigid packaging. Based on application, market is segmented as generic drugs, medical tools & equipment, branded drugs, test kits and nutraceuticals. In addition, based on the end-use industries, market is segmented as retail pharmacy, pharmaceutical manufacturing, institutional pharmacy, contract packaging and others.
The global pharmaceuticals packaging market is primarily driven by the emerging generic drug market & fast growing drug delivery market, followed by the advanced manufacturing processes to develop sustainable & eco-friendly packaging solutions, increasing product innovations and rising research & development (R&D) investments to increase the pharmaceutical productions. Apart from the major benefits, some of the hindering factors include stringent government regulations & standards and the price volatilities of raw materials. In addition, advancement in biotechnology area results in preface of new parenteral therapies & demand for the new packaging products.
The North American region accounts for the major share of pharmaceutical packaging market over the forecast period, owing to rise in healthcare programs and increase in health care spending. Asia Pacific is expected to grow speedily owing to rise in pharmaceutical manufacturing in countries such as India & China.
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Ankur Gupta, Head Marketing & Communications