HOME › Research Insight › Pharmaceutical Packaging Market Revenue Pockets
Pharmaceutical Packaging Market Revenue Pockets
Pharmaceutical packaging plays an important role in pharmaceutical industry due to the protection of the drugs and medicine against all adverse external influences that can alter the properties, physical damage, mechanical damage, biological contamination, and degradation, and counterfeiting. Pharmaceutical packaging products are developed from plastics/polymers, glass, and paper & paperboard.
Primary pharmaceutical packaging products such as plastic bottles, blister packs, ampoules & vials, caps & closures, and so on dominate the pharmaceutical packaging market and will be growing at a healthy CAGR for the next five years. Within the primary packaging products, pre-fillable syringes, inhalers, and other innovative products will drive majority of the future growth in the pharmaceutical packaging market. The growing demand for drug delivery devices is a big boost for the packagers as it requires high quality sourcing and offers high profitability for the suppliers. Oral drugs, transdermal, injectables, and pulmonary are the fastest growing segments in the drug delivery business worldwide and this augurs well for packagers as well.
The pharmaceutical packaging market is driven by rapid growth of pharmaceutical industry globally; especially in emerging economies such as BRIC countries. The emerging countries are expected to contribute almost a third of the future growth coming in the pharmaceutical packaging market. Asia-Pacific, growing at a CAGR in double digits, looks to lead the market by the end of the decade due to fast growing Chinese and Indian pharmaceutical industries.
The raw material demand for pharmaceutical packaging products manufacturers will also grow hand in hand owing to the increased usage of unit dosage, injectables, and high end drug delivery packaging as well. Plastics are fast replacing other forms of raw materials such as glass, paper, and aluminum for pharmaceutical packaging products. Within Plastics; High Density Polyethylene, Polyester, Polypropylene are finding greater acceptance on account of their superior properties.
Consumers are demanding for better features and convenience in packaging products. Child-resistant, senior-friendly, tamper evident, and anti-counterfeit packaging are in great demand worldwide. Besides, ageing world population, increasing requirement for convenience among consumers, growing requirements for brand differentiation, new packaging material development, increasing awareness of environmental issues, and the adoption of new regulatory requirements are going to be the key growth drivers for future of pharmaceutical packaging business.
Pharmaceutical Packaging Market by Packaging Type (Plastic bottles, Blister packs, Caps & Closures, Ampoules, Vials and Others) Raw Material (Plastics, Paper & Paperboard, Glass, Aluminum foils), and Drug Delivery Type – Global Trends & Forecast to 2018
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252