HOME Research Insight Investments and Expansions are the key Strategies Adopted by the Leading players to Grow in the Pharmaceutical Packaging Market



Investments and Expansions are the key Strategies Adopted by the Leading players to Grow in the Pharmaceutical Packaging Market


The global pharmaceutical packaging industry is rapidly evolving market. The current scenario in the global pharmaceutical packaging market is dominated by number of major players that include Amcor Ltd. (Australia), Rexam PLC (U.K.), Gerresheimer AG (Germany), MeadWestvaco Corporation (U.S.), Schott AG (Germany), and so on. Most of these companies are leaders in the production of plastic and glass pharmaceutical packaging along with other products. These companies are focused on investment to establish new production facilities and capacity expansion of pharmaceutical packaging to achieve economies of scale, product innovation, and expansion in order to capture and improve market share.

Companies, such as Amcor Ltd. (Australia), Schott AG (Germany), and AptarGroup, Inc. (U.S.) have made several investments and expansions to serve customers efficiently and increase their market shares.

Companies, such as Amcor Ltd. (Australia), Schott AG (Germany), AptarGroup, Inc. (U.S.), Gerresheimer AG (Germany), Becton, Dickinson and Company (U.S.), and Capsugel Inc. (U.S.) have been profiled in this report. These companies have adopted both, organic as well as inorganic growth strategies, such as investments, expansions, mergers & joint ventures, partnerships, agreements & collaborations, and new product launches to strengthen their positions in the pharmaceutical packaging market.

Amcor Ltd. (Australia), Schott AG (U.S.), and AptarGroup, Inc. (U.S.), Gerresheimer AG (Germany), Becton, Dickinson and Company (U.S.), and Capsugel Inc. (U.S.) accounted for the largest share of all the developmental activities that took place in the pharmaceutical packaging market between 2012 and 2016. The companies adopted dynamic growth strategies, such as investments & expansions, new product launches, mergers & joint ventures, partnerships, agreements, and collaborations to strengthen their position in the pharmaceutical packaging market. In 2016, Amcor Ltd. (Australia) expanded its Milwaukee plant, Wisconsin (U.S.) with an aim to enhance its flexographic printing, gravure coating, and slitting automation processes. In 2016, AptarGroup, Inc. (U.S.) expanded production capacity of its manufacturing site in New York to offer improved packaging services to its customers in the North American region. In 2016, Becton, Dickinson and Company (U.S.) launched its new product, Neopak 2.25 ml pre-fillable glass syringe to enhance its pre-filled syringe range. In 2015, Amcor Ltd. (Australia) introduced a new SecurePlus child resistant closure for ophthalmic packaging. In 2015, Capsugel Inc. (U.S.) launched DRcaps, which is used to enclose liquid filled bottles. This helped the company to strengthen its position in the liquid filled product segment.

Amcor Ltd. (Australia) has gained a strong foothold in the pharmaceutical packaging market. It is focusing on organic growth and as such, has enhanced its product portfolio through various growth strategies, such as new product launches, investments, and expansions to meet the growing demand for pharmaceutical packaging from customers across the globe. In 2015, Amcor Ltd. launched Amcor opening feature (AOF), which provides special features, such as child resistant blister lidding. In 2015, the company acquired Zhongshan Tian Cai Packaging Company (China). This helped the company in increasing its productivity of printing and multilayer films for food, beverages, and pharmaceutical packaging.

Related Reports:

Pharmaceutical Packaging Market by Type (Plastic Bottles, Blister Packs, Vials), Veterinary Vaccine Packaging (Livestock, Aquaculture, Porcine), Drug Delivery (Oral, Pulmonary, Topical), Raw Material (HDPE, LDPE), and Region - Global Forecast to 2021

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