BANGALORE, June 30, 2015 /PRNewswire/ --
Mordor Intelligence presents their Global Pharmaceutical
Packaging Market report segmented by Primary Packaging Material
(Plastic, Glass, Paper, Metal) - ByType of Packaging (Ampules,
Blister Packs, Bottles, Canisters, Cartridges, IV Bags, Mini-jars,
Pouches, Syringes, Tubes, Vials, Sachets) - By Geographical Region
(North America, Europe, Asia
Pacific, Latin America,
Middle East and Africa) - discussing Industry Value Chain
Analysis, Porter's 5 Force Analysis, Drivers, Restraints, Vendor
Profiles, Global Market Size, Forecasts & Analysis
(2014-2019).
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Mordor Intelligence estimates that the pharmaceutical packaging
was $57.99 billion in 2014 and
expects the market to witness compound annual growth rate of 8.38%
during the forecasted period 2014-2019, to reach total market value
of $86.70 billion by the end of
forecast period. The material prices play an important role, the
benefits offered by plastics as a packaging material in terms of
cost and sterility has led to its widespread usage in
pharmaceutical packaging industry, constituting 66% of the market,
followed by plastics and glass.
West European countries spend 8 to 12 percent of their GDP on
healthcare. This is considerably higher than the rest of the world,
especially the developing world. Europe is currently second behind North America with more than a third of the
Global Market. Although the emergence of China and other Asia-Pacific nations is expected to the change
the market share equation, the increasing need for faster
production and enhanced shelf appeal are driving the market
ahead.
The pressure on companies to comply with stringent regulatory
compliances while simultaneously increasing patient comfort and
increasing the brand appeal of the product is the sweet spot for
the packaging industry. The expiry of patents and increasing
production of generics will multiply the production thereby
creating an enormous increase in the need for packaging. However,
the increasing use of plastics is a factor of concern and is set to
increase costs as environmentalists are pushing for a greener
approach which will need significant investment in eco-friendly
plastics.
The report includes the market estimates by Type of Primary
Packaging Material (Plastic, Glass, Paper, and Metal), Type of
Packaging (Ampules, Blister Packs, Bottles, Canisters, Cartridges,
IV Bags, Mini-jars, Pouches, Syringes, Tubes, Vials, and Sachets).
The report also provides an in-depth analysis of the Global
Pharmaceutical Packaging Market across different Geographical
regions namely North America,
Europe, Asia Pacific, Latin
America, Middle East and
Africa (MEA) in addition to
further segment country-wise under each region.
Some of the companies in this market such as, Amcor, CCL
Industries, Intrapac, Rexam Plc, Schott AG, Meadwestvaco
Corporation, AptarGroup, Wihuri Group, Nypro, Gerresheimer AG,
Klockner Pentaplast, West Pharmaceutical Services and others have
been covered and their strategies analysed.
About Mordor Intelligence
Mordor Intelligence is a global market research and consulting
firm offering in-depth market analysis reports and consulting
services.
Media Contact:
Ms. Swathi S Kumar
Email: info@mordorintelligence.com
Direct Line: +1-781-300-3838
Website: http://www.mordorintelligence.com