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Global Pharmaceutical Packaging Market 2019-2023

Global Pharmaceutical Packaging Market 2019-2023

About this market

Many pharmaceutical companies are investing heavily in R&D. Increased R&D spending by pharmaceutical manufacturers are expected to increase the number of pharmaceutical products in the market, thereby driving the demand for pharmaceutical packaging. By outsourcing packaging operation to third-party players. pharmaceutical manufacturers can reduce their capital expenditure and operating cost associated with the purchase of packaging machinery. space for setting up packaging unit. and labor cost. Pharmaceutical manufacturers can also concentrate on their core business by outsourcing packaging services. The rising R&D spending by the pharmaceutical manufacturers are expected to increase the demand for innovative packaging. as they are focusing on convenient packaging to differentiate the products in the market. Technavio’s analysts have predicted that the pharmaceutical packaging market will register a CAGR of almost 7% by 2023.

Market Overview

Increase in number of new drugs approved by FDA

The growth in new drugs approval is expected to increase the demand for pharmaceutical packaging. The pharmaceutical packaging vendors are naturally flexible to accommodate new product packaging as they are operating diverse packaging units for different product lines. Hence, the packagers can easily convert or set up their existing packaging unit for new product packaging based on the requirement of pharmaceutical manufacturers due to the sudden increase in the drug approvals by the FDA.

Risk of counterfeiting in pharmaceutical packaging

The risk of counterfeit is higher in the supply chain of pharmaceutical products. The counterfeit drugs can be a threat to consumers' life. They can also financially impact the pharmaceutical vendors and packaging vendors. In addition, the after-effects of counterfeit drugs can affect the brand reputation.

For the detailed list of factors that will drive and challenge the growth of the pharmaceutical packaging market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Pharmaceutical Packaging Market 2019-2023

Technavio recognizes the following companies as the key players in the global pharmaceutical packaging market: Amcor, Gerresheimer, O-I, West Pharmaceutical Services, WestRock Company.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing number of patent expiration in the pharmaceutical industry which is expected to increase during our forecast period.”

According to the report, one of the major drivers for this market is the growth in pharmaceutical sales is expected to increase the demand for pharmaceutical packaging.

Further, the report states that one of the major factors hindering the growth of this market is the stringent regulations for pharmaceutical packaging.

Companies Mentioned

Amcor

Gerresheimer

O-I

West Pharmaceutical Services

WestRock Company

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global consumer and industrial packaging market
      • Table Segments of global consumer and industrial packaging market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by packaging
    • Table Packaging market share 2018 (%)
    • Primary - Market size and forecast 2018-2023
    • Secondary - Market size and forecast 2018-2023
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Plastic bottles - Market size and forecast 2018-2023
      • Table Plastic bottles - Market size and forecast 2018-2023 ($ millions)
      • Table Plastic bottles - Year-over-year growth 2019-2023 (%)
    • Caps and closures - Market size and forecast 2018-2023
      • Table Caps and closures - Market size and forecast 2018-2023 ($ millions)
      • Table Caps and closures - Year-over-year growth 2019-2023 (%)
    • Blister packs - Market size and forecast 2018-2023
      • Table Blister packs - Market size and forecast 2018-2023 ($ millions)
      • Table Cost comparison of different pharmaceutical packages for 30 tablets
      • Table Blister packs - Year-over-year growth 2019-2023 (%)
    • Pre-fillable syringes - Market size and forecast 2018-2023
      • Table Pre-fillable syringes - Market size and forecast 2018-2023 ($ millions)
      • Table Pre-fillable syringes - Year-over-year growth 2019-2023 (%)
    • Parenteral containers - Market size and forecast 2018-2023
      • Table Parenteral containers - Market size and forecast 2018-2023 ($ millions)
      • Table Global vaccine market 2014-2017 ($ billions)
      • Table Parenteral containers - Year-over-year growth 2019-2023 (%)
    • Pre-fillable inhalers - Market size and forecast 2018-2023
      • Table Pre-fillable inhalers - Market size and forecast 2018-2023 ($ millions)
      • Table Pre-fillable inhalers - Year-over-year growth 2019-2023 (%)
    • Pouches - Market size and forecast 2018-2023
      • Table Pouches - Market size and forecast 2018-2023 ($ millions)
      • Table Pouches - Year-over-year growth 2019-2023 (%)
    • Medication tubes - Market size and forecast 2018-2023
      • Table Medication tubes - Market size and forecast 2018-2023 ($ millions)
      • Table Medication tubes - Year-over-year growth 2019-2023 (%)
    • Other products - Market size and forecast 2018-2023
      • Table Other products - Market size and forecast 2018-2023 ($ millions)
      • Table Other products - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by material
    • Table Material - Market share 2018-2023 (%)
    • Comparison by material
      • Table Comparison by material
    • Rigid plastic - Market size and forecast 2018-2023
      • Table Rigid plastic - Market size and forecast 2018-2023 ($ millions)
      • Table Rigid plastic - Year-over-year growth 2019-2023 (%)
    • Flexible plastic - Market size and forecast 2018-2023
      • Table Flexible plastic - Market size and forecast 2018-2023 ($ millions)
      • Table Flexible plastic - Year-over-year growth 2019-2023 (%)
    • Glass - Market size and forecast 2018-2023
      • Table Glass - Market size and forecast 2018-2023 ($ millions)
      • Table Glass - Year-over-year growth 2019-2023 (%)
    • Other materials - Market size and forecast 2018-2023
      • Table Other materials - Market size and forecast 2018-2023 ($ millions)
      • Table Other materials - Year-over-year growth 2019-2023 (%)
    • Market opportunity by material
      • Table Market opportunity by material
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table European R&D spending 2015-2017 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global pharmaceutical R&D spending 2015-2018 ($ billions)
      • Table Year-over-year growth of global pharmaceutical sales 2019-2022 (percentage)
      • Table Number of NME approvals 2014-2017
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Increase in patent expiration
      • Table Global pharmaceutical sales at risk due to patent expiration 2018-2022 ($ billions)
    • Emergence of convenient blister packaging
    • Increased demand for sustainable packaging
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Amcor
      • Table Amcor - Vendor overview
      • Table Amcor - Business segments
      • Table Amcor - Organizational developments
      • Table Amcor - Geographic focus
      • Table Amcor - Segment focus
      • Table Amcor - Key offerings
    • Gerresheimer
      • Table Gerresheimer - Vendor overview
      • Table Gerresheimer - Business segments
      • Table Gerresheimer - Organizational developments
      • Table Gerresheimer - Geographic focus
      • Table Gerresheimer - Segment focus
      • Table Gerresheimer - Key offerings
    • O-I
      • Table O-I - Vendor overview
      • Table O-I - Business segments
      • Table O-I - Organizational developments
      • Table O-I - Segment focus
      • Table O-I - Key offerings
    • West Pharmaceutical Services
      • Table West Pharmaceutical Services - Vendor overview
      • Table West Pharmaceutical Services - Business segments
      • Table West Pharmaceutical Services - Organizational developments
      • Table West Pharmaceutical Services - Segment focus
      • Table West Pharmaceutical Services - Key offerings
    • WestRock Company
      • Table WestRock Company - Vendor overview
      • Table WestRock Company - Business segments
      • Table WestRock Company - Organizational developments
      • Table WestRock Company - Segment focus
      • Table WestRock Company - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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