Pharmaceutical packaging is characterized as a packaging procedure, generally used in the pharmaceutical sector for packing of bottles, containers, made of glass, and so forth. It consists of important information’s like labels & cautionary notes. The pharmaceutical packaging market is anticipated to witness a considerable growth throughout the forecast period. The growth is due to advanced manufacturing processes to develop environmentally friendly and sustainable packaging solutions and product innovations, increased product innovations, and mergers & acquisitions to support the new requirements. Additionally, serialized tracking & tracing of drugs, rapidly growing drug delivery, emerging generic drug market, increase in research & development (R&D) activities and rise in use of innovative packaging drive the growth of pharmaceutical packaging market.
As per analysis, Global Pharmaceutical Packaging Market 2020-2027 by Packaging Category (Primary, Secondary, Tertiary), Product, Raw Material, Pharmaceutical Dosage Form, Drug Delivery Mode, End User, and Region: Trend Outlook and Growth Opportunity. Some of the key companies operating in the global pharmaceutical packaging market include O-I Glass, Inc. (Owens Illinois, Inc.), AptarGroup, Inc., West Pharmaceutical Services, Inc., Gerresheimer AG, Amcor PLC, Catalent, Inc., WestRock Company, Schott AG, Becton, Dickinson and Company, Amcor PLC, Berry Global Group, Inc. and among others.
In terms of packaging category, pharmaceutical packaging market can be divided as primary packaging, secondary packaging and tertiary packaging. In terms of product type, market can be divided as blister packs, plastic bottles, closures & caps, secondary containers, packaging accessories, pre-filled syringes, labels and others. In terms of raw material, market can be divided as glass, plastics & polymers, metal, paper & paperboards and others. In terms of pharmaceutical dosage form, market can be divided as solid dosage, semi-solid & pressurized product, liquid dosage and other pharmaceutical dosage forms. In terms of drug delivery mode, market can be divided as IV drug delivery, oral drug delivery, ocular drug delivery, transdermal drug delivery, topical drug delivery, injectables, nasal drug delivery, pulmonary drug delivery and others. In addition, in terms of end-user, market can be divided as retail pharmacies, contract packaging companies and pharmaceutical manufacturers.
Rise in demand for drug delivery devices & blister packaging, followed by growth in healthcare expenditure & pharmaceutical industry in emerging economies, increase in need for drug delivery devices & blister packaging and growth in technological advancements are some major factors, which are responsible for growth of the pharmaceutical packaging market. Apart from this, lack of access to proper healthcare and increase in overall packaging costs owing to dynamic regulatory policies may impact the market. Moreover, rise in demand for primary pharmaceutical packaging is a leading opportunity for market.
Based on regional analysis, the North-America is a leading region in global pharmaceutical packaging market owing to large healthcare system across the region. The Asia-Pacific and Europe regions are anticipated to exhibit considerable growth rate due to increase in government initiatives in emerging pharmaceutical market, rise in aging population, growth in population and sturdy economic development over the forecast period. It is predicted that future of the global pharmaceutical packaging market will be bright on account of growth in product innovations and merger & acquisition (M&A) to support new demands during the forecast period.
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Global Pharmaceutical Packaging Market Research Report
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