"Pharmaceutical Packaging Market - Forecasts to 2020" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Fri Aug 07 2015

Pharmaceutical Packaging Market by Packaging Type, by Raw Material, by Drug Delivery Type by Region(North America, Europe, Asia-Pacific, RoW) - Forecasts to 2020

The pharmaceutical packaging market was estimated around $56.9 billion in 2013, with the high share accounted by North America and Europe. The global pharmaceutical packaging market by value is projected to grow at a CAGR of 6.50% from 2015 to 2020. The high growth is forecasted to be in the Asia-Pacific and RoW due to increasing government initiatives, emerging pharmaceutical market, growing contract manufacturing activities and rising population and increased spend on healthcare. RoW is estimated to have the second highest growth around 6.5% between 2015 and 2020.

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Advanced manufacturing processes, technological innovation, and increased integration has resulted in rapid growth of the pharmaceutical industry. This has boosted the growth of the pharmaceutical packaging industry globally. This growth is expected to be highest in the emerging economies of Brazil, Russia, India, and China, especially due to higher generics and contract manufacturing activities. Huge population and favorable demographics of these countries are key drivers behind this growth. Besides, the drug delivery devices and innovative packaging are expected to grow at a faster rate than other segments. Growing preference toward unit dosage packaging will boost this segment further. Increasing packaging cost, stricter global health regulatory, compliance standards, and environmental and political norms are restricting the growth of the market.

Plastic bottles, blister packs, and labels & accessories are the major types of packaging products in the pharmaceutical packaging market. Other types of pharmaceutical packaging product include caps & closures, medical specialty bags, pre-fillable syringes, temperature controlled packaging, pouches & strip packs, ampoules, vials, and pre-fillable inhalers. Plastic & polymers, paper & paperboard, glass, and aluminum foil are the main types of materials used in the pharmaceutical industry. Plastic & polymers account for the largest share in the market.

The value chain for pharmaceutical packaging starts with the raw material suppliers who provide chemicals, such as plastics, aluminum, glass, and paper, for the production of packaging. The next node in the value chain is the packaging conversion process, which is used to make the primary and secondary packaging products. The leading packaging suppliers are setting up strategic partnerships with their raw material suppliers, involving them early in the product development phases.

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