Pharmaceutical Packaging Market to 2024 – Growing Steady at 6.0% CAGR and Projected to Reach US$ 111.9 Billion
Latest research report on “Pharmaceutical Packaging Market by Type (Plastic Bottles, Blister Packs, Labels & Accessories, Caps & Closures, Pre-filled Syringes, Vials, Ampoules), Raw Material, Drug Delivery Mode (Oral Drugs, Injectables, IV Drugs), Region – Global Forecast to 2024” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis.
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The Pharmaceutical Packaging Market is projected to grow from US$ 83.6 Billion in 2019 to US$ 111.9 Billion by 2024, at a CAGR of 6.0%.
Top Key Players profiled in the Pharmaceutical Packaging Market:
· Berry Global Inc. (US)
· Amcor plc (Australia)
· AptarGroup Inc. (US)
· Gerresheimer AG (Germany)
· Schott AG (Germany)
· West Pharmaceutical Services Inc.(US)
· Becton Dickinson And Company (US)
· Nipro Corporation (Japan)
· Owens-Illinois Inc.(US)
· WestRock Company(US)
· Alpla Werke Alwin Lehner Gmbh & Co Kg (Austria)
· Ardagh Group SA(Luxembourg)
· Stevanato Group (Italy)
· Catalent Inc.(US)
· CCL Industries Inc. (Canada)
· Frank Noe Egypt Ltd (Egypt)
· Gaplast GmbH (Germany)
· Lonza Group Ltd (Switzerland)
· Mondi Group (Austria)
· Nolato AB (Sweden)
· Origin Pharma Packaging(UK)
· Parekhplast India Ltd (India)
· SGD Pharma (France)
· Silgan Holdings Inc.(US)
· Vetter Pharma International GmbH (Germany)
Pre-filled syringes are a replacement for traditional vials and syringes. The prefilled syringes aids to reduce wastage, provide patient compliance by offering self-administered metered dosage. The presence of the properties mentioned above, easy handling, and reduction in breakage failure provided by these syringes, boosts demand for pre-filled syringes. The rise in aging population, increase in non-communicable disease such as diabetes, are driving the demand for pre-filled syringes.
Plastic & polymers are the major raw material type used for pharmaceutical packaging. Variety of plastics such as HDPE, LDPE, PET, and others are used for pharmaceutical packaging. These are cost-effective raw material with excellent shatter resistance hence reduces loss due to breakage.
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“North America is projected to be the largest pharmaceutical packaging market during the forecast period.”
North America was the most promising market for pharmaceutical packaging in 2018 and is expected to be the same during the forecast period. The growing aging population, increased demand for generic drugs, healthcare coverage provided by the government are demanding more pharmaceutical drugs, hence driving the North American pharmaceutical packaging market.
Competitive Landscape of Pharmaceutical Packaging Market:
2 Competitive Leadership Mapping, 2018
2.1 Visionary Leaders
2.3 Dynamic Differentiators
2.4 Emerging Companies
3 Competitive Benchmarking
3.1 Strength of Product Portfolio
3.2 Business Strategy Excellence
4 Market Ranking of Key Players
4.1 Berry Global Inc.
4.2 Gerresheimer AG
4.3 Amcor PLC
4.4 Schott AG
4.5 Aptargroup, Inc.
5 Competitive Situation & Trends
5.1 New Product Launch
5.2 Investment & Expansion
5.3 Merger & Acquisition
5.4 Agreement & Collaboration
5.5 Joint Venture
The objective of this study is to define, describe, and forecast the pharmaceutical packaging market based on various segmentations and strategically analyze these market segments with respect to individual growth trends, growth prospects, and contribution to the overall pharmaceutical packaging market. In this report, the pharmaceutical packaging market has been segmented based on type, raw material, drug delivery mode, and region.