Trends and Forecast of Pharmaceutical Plastic Packaging Market- Global Industry Analysis, Size, Share, Growth 2018 - 2025
Press
Release - 16 April 2018
Global
Research and Development News
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Report
Description-
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Over the last few years, the packaging is
among the high growth industries driving by expanding pharmaceutical,
FMCG, manufacturing, and healthcare sector globally. Packaging helps
in identification of products, protects the contents of the product
from leakage, contamination, spoilage, and etc. Moreover, various
manufacturers are using packaging as a promotional strategy to
attract the attention of the consumers while buying. Therefore,
pharmaceutical plastic packaging represents a significant share in
the packaging industry which are specifically designed to meet the
packaging requirements for pharmaceutical substances such as
capsules, tablets, sterile injectable, solutions & suspensions,
and others. Thus, plastic packaging helps in protecting medicines
form materialistic damage and contamination of the external
environment which can affect the properties of pharmaceutical
products. The pharmaceutical plastic packaging comprises of the
primary, secondary, and tertiary packaging system, in which, primary
packaging includes blister packs, bottles, and aerosol spray can.
Secondary packaging comprises of cartons and boxes. Other than that,
tertiary packaging system contains barrel, edge protector, and
container.
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Factors such as increasing demand for prescription
dose medicines rise in research and development activities, and
growing demand for environmentally friendly packaging is expected to
driving the growth of the global pharmaceutical plastic packaging
market. Moreover, growing prevalence of chronic diseases, expanding
pharmaceutical industry, affluence in developing countries such as
India and China, technological development, innovation in the
packaging material, and rise in the generic market are some of the
primary factors driving the growth of the pharmaceutical plastic
packaging market over the forecast period. However, stringent
government regulations related to consumer safety and environmental
protection, availability of substitute for plastics such as glass and
metal, and fluctuation in raw material price may limit the growth of
the pharmaceutical plastic packaging market during the forecast the
period.
The pharmaceutical plastic packaging market has
been classified by product type, material type, application, and
veterinary vaccine packaging type.
– Based on product type, the pharmaceutical plastic
packaging market is segmented into the following:
- Bottles
- Containers
- Blister Packs
- Closures
- Vials
- Others
Based on the material type, the pharmaceutical
plastic packaging market is segmented into the following:
- Polypropylene
- Polyester
- Polyvinyl Chloride
- Polyethylene
- Others
– Based on the application, the pharmaceutical plastic
packaging market is segmented into the following:
- Liquid
- Droppers
- Oral Care
- Topical Medication
– Based on the veterinary vaccine packaging type, the
pharmaceutical plastic packaging market is segmented into the
following:
- Poultry
- Livestock
- Aquaculture
- Canine
- Others
Pharmaceutical plastic packaging market revenue is
expected to grow at a rapid growth rate, over the forecast period.
The market is anticipated to perform well soon owing to growing
demand for injectable drug administration, the rise in sustainability
concerns coupled with increasing recycling rate of plastics in the
pharmaceutical industry. Additionally, expanding demand for moisture
proof and deoxidizing medical plastic moisture proof closures used in
the plastic bottles is increasing with the growing trend of OTC (over
the counter) drugs are the main factors that can propel the market
revenue growth of pharmaceutical plastic packaging in the near
future. Based on product type, bottles segment is projected to lead
the global pharmaceutical plastic packaging market over the forecast
period attributed to the high availability of plastic bottles along
with growing demand for administering of oral medicines as well as
over the counter drugs.
Depending on the geographic region, the
pharmaceutical plastic packaging market is classified into seven key
regions: North America, Eastern Europe, Latin America, Western
Europe, Japan, Asia-Pacific, and the Middle East & Africa. North
America is expected to be the leading markets in the global
pharmaceutical plastic packaging market followed by Europe owing to
established healthcare infrastructure, high awareness among people,
and companies are focusing on developing eco-friendly pharmaceutical
packaging products to protect the environment. Japan is anticipated
to witness a substantial growth in the global pharmaceutical plastic
packaging market over the forecast period owing to rise in demand for
improved healthcare services. Moreover, the market in Asia-Pacific is
projected to have the fastest growth in the global pharmaceutical
plastic packaging market over the forecast period due to expanding
urbanization, growing awareness among the population, and an increase
in the aging population. MEA is expected to witness the significant
growth rate in the global pharmaceutical plastic packaging market due
to growing health care investments coupled with government
initiatives in the region.
Some of the prominent players in the
pharmaceutical plastic packaging market are Amcor Ltd., MeadWestvaco
Corporation, RPC Group, COMAR, LLC, Capsugel Inc., AptarGroup,
Inc., Schott AG, Gerresheimer AG, O.Berk Company, LLC, Dickinson and
Company, Owens-Illinois, Berry Plastics Group, Inc., Pretium
Packaging Corporation, Tim Plastics, Inc., and others.
The report offers a comprehensive evaluation of
the market. It does so via in-depth qualitative insights, historical
data, and verifiable projections about market size. The projections
featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report
serves as a repository of analysis and information for every facet of
the market, including but not limited to: Regional markets,
technology, types, and applications.
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive
primary research (through interviews, surveys, and observations of
seasoned analysts) and secondary research (which entails reputable
paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative
assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value
chain.
A separate analysis of prevailing trends in the
parent market, macro- and micro-economic indicators, and regulations
and mandates is included under the purview of the study. By doing so,
the report projects the attractiveness of each major segment over the
forecast period.
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
– More
Clear Details get Table of Contents
https://www.researchmoz.us/pharmaceutical-plastic-packaging-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2025-report.html#table-of-content
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