Pharmaceuticals Packing & Labeling Services
The role of the Pharmaceuticals Packing and Labeling Services industry has expanded significantly over the past five years in response to stringent government regulations that increased pharmaceutical manufacturers' outsourcing of packaging and labeling services. Increasingly pressured to more quickly deliver innovative drugs to market, many pharmaceutical manufacturers are outsourcing their noncentral components (e.g. packing and labeling) to third parties to focus on their core competencies. Additionally, growing use of drug therapies, an aging American population and expanded access to healthcare have stimulated demand for pharmaceuticals over the past five years, bolstering demand for industry services. Expanded access to health insurance and healthy demand for pharmaceuticals will continue to underpin industry performance over the five years to 2021. Additionally, growing importance of tamper-proof, anticounterfeiting packaging will keep demand for industry services high.
This industry provides packing and labeling services for prescription and over-the-counter pharmaceuticals, biologics, consumer health and veterinary products. Industry services may include packaging into blisters, bottles, pouches and unit doses, specialty vial or syringe labeling and kitting for injectables. Secondary packaging services (e.g. putting a bottle of tablets into a box, putting blister packs into a carton) are also included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.