World Pharmaceutical Packaging Market Analysis to 2024: Led by Amcor, AptarGroup, Gerresheimer, and Schott

DUBLIN, July 30, 2019 /PRNewswire/ -- The "Pharmaceutical Packaging Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to's offering.

The global pharmaceutical packaging market was valued at USD 67.9 billion in 2018, and is expected to reach a value of USD 109.03 billion by 2024 at a CAGR of 8.24%, during the forecast period (2019-2024).

The trend in the growth in regulatory norms worldwide focusing on population health management and inventions, etc., the pharmaceutical industry in the country has evolved considerably. A much more informed customer base and growth in the demand for over-the-counter medicines are increasing the growth of the market.

Key Highlights

    --  Nanotechnology, the science of very small materials, has a huge impact
        on pharmaceutical packaging, as it enables the introduction of
        innovative and new-gen packaging solutions to the market, thus, driving
        the growth. Improved barrier properties in plastics and enhanced
        functionality for nanotechnology facilitates the growth of the
        pharmaceutical packaging market. Hence, innovations in nanotechnology
        aid the growth and expansion of the plastic pharmaceutical packaging
    --  In the near future, the development of better and more advanced
        healthcare infrastructure, coupled with the growth of pharmaceutical
        companies through alliances and partnerships (to maintain a stronghold
        domestically and internationally), is set to boost the growth of the
        global pharmaceutical packaging market.
    --  However, increasing overall packaging costs, owing to stringent
        regulations set and dynamic regulatory measures by governing bodies on
        the manufacturing of counterfeit medicines are the major restraints for
        the growth of the pharmaceutical packaging market.

Market Trends

Plastic to Be the Prominent Pharmaceutical Packaging Solution

    --  Plastic packaging is witnessing significant growth over the forecast
        period because plastic is lightweight and easy to handle. Plastics are
        the most used material used in pharmaceutical packaging. Plastics have
        been gaining increasing importance in the packaging of pharmaceutical
        goods due to properties such as barrier against moisture, high
        dimensional stability, high impact strength, resistance to strain, low
        water absorption, transparency, resistance to heat and flame, etc.
    --  Plastics and polymer are used in pharmaceutical packaging for making
        bottles, cartridges, dry powder, metered dose inhalers, nebulizers, and
        pre-fillable syringes
    --  PVC is the third-most widely produced synthetic plastic polymer and used
        worldwide for packaging pharmaceutical products. The market value of PVC
        plastic is increasing globally due to its very dense nature compared to
        most plastics and is readily available with cheap price. As it is
        primary packaging materials, so it protects the pharmaceutical product
        against oxygen and odour, water vapour transmission, moisture,
        contamination and bacteria. These properties make PVC material a good
        choice for blister packaging. PVC mono films protect medicines from
        sunlight and UV rays.
    --  The growth of PVC market will exponentially increase the growth of
        pharmaceutical packaging in the future as people are becoming more
        conscious towards their health.

North America to Occupy Largest Share

    --  North America is known for its technological development and product
        innovations, which is motivating manufacturers to produce high-class
        packaging solutions for the pharmaceutical industry. Major factors
        driving the growth of the North American pharmaceutical packaging market
        include the contribution of nanotechnology advancement in manufacturing
        processes and technological innovation, growing demand for drug delivery
        devices & blister packaging, to the pharmaceutical packaging market.
    --  The United States will continue to be the largest national
        pharmaceutical packaging market as its advanced drug-producing sector
        commercializes new sophisticated therapies with specialized packaging
        needs. Advances in pharmaceutical packaging in the country are focused
        on improving the barrier properties of the packaging material.
    --  As people are becoming more health conscious and adopting a healthy
        lifestyle in the United States and Canada, the sale of a pharmaceutical
        drug is increasing that makes the sales of pharmaceutical packaging
        product such as a refillable syringe, vial, blister packs, etc. There is
        a need for constant innovation in the United States market, as stringent
        regulations by agencies, such as the FDA, require manufacturers to
        comply with stringent regulations while packaging drugs in the region.

Competitive Landscape

While the pharmaceutical packaging market is fragmented, established companies are focusing on innovation and acquisition. Companies are investing a large amount of their resources and money in the R&D to innovate new products meeting with the environment and government compliance. Digital mass serialization is becoming a popular solution to combat counterfeiting. Key players are Amcor, AptarGroup, Gerresheimer, Schott, etc.

Recent Developments

    --  March 2019 - West Pharmaceuticals opens New Digital Technology Center in
        Bengaluru, India. This Digital Technology Center will allow West
        Pharmaceutical team to create compelling digital experiences for their
        global customer base, source talent from India's fast-growing technology
        industry and bring forward the latest digital advancements to create
        insights and value for their customers and team members for ultimately
        delivering better business results.

Key Topics Covered

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Introduction of Regulatory Standards on Packaging and Stringent Norms against Counterfeit Products
4.3.2 Impact of Nanotechnology due to Innovative and New-Gen Packaging Solutions
4.4 Market Restraints
4.4.1 Fluctuations in Raw Material Cost Due to Suppliers Bargaining Power
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5.1 By Material
5.1.1 Plastics
5.1.2 Paper & Paperboard
5.1.3 Glass
5.1.4 Metal
5.1.5 Other Materials
5.2 By Product
5.2.1 Primary Packaging Bottles Blister Packaging Prefillable Syringes Vials & Ampoules Other Primary Packaging Products
5.2.2 Secondary Packaging Closures Containers Labels Packaging Accessories
5.3 Geography
5.3.1 North America United States Canada
5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.3.3 Asia-Pacific China Japan India South Korea Rest of Asia-Pacific
5.3.4 Latin America Brazil Mexico Rest of Latin America
5.3.5 Middle East & Africa Turkey South Africa Rest of Middle East & Africa

6.1 Company Profiles
6.1.1 Amcor Limited
6.1.2 3M Company
6.1.3 Schott AG
6.1.4 WestRock Company
6.1.5 Berry Global Inc.
6.1.6 McKesson Corporation
6.1.7 AptarGroup Inc.
6.1.8 Klckner Pentaplast Group
6.1.9 CCL Industries Inc.
6.1.10 FlexiTuff International Ltd.
6.1.11 Gerresheimer AG
6.1.12 West Pharmaceutical Services Inc.
6.1.13 Becton, Dickinson and Company
6.1.14 Vetter Pharma International GmbH



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