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Global Pharmaceutical Packaging Market 2016-2020

Global Pharmaceutical Packaging Market 2016-2020

Market outlook of the pharmaceutical market

Technavios research analyst predicts the global pharmaceutical packaging market to grow at a CAGR of around 6% during the forecast period. The rapid demand for pre-fillable syringes is the primary growth driver for this market. These syringes offer several advantages such as minimization of drug waste, increasing useful product life, and convenience in drug administration and are integrated with advanced delivery systems such as pens and auto-injectors. Glass is the most popular packaging material for these syringes with the significant demand arising from the US and Europe.

However, the growing number of counterfeit products in the market is anticipated to deter the market growth during the forecast period. According to studies by the WHO, the counterfeiting rate among prescriptions sold through suspicious websites is nearly 50%. Stringent regulations are being implemented by governments globally, to counter these risks. For instance, in Europe, under the new Anti-Falsification Directive, as of 2017, drugs that have been prescribed by doctors will have to be provided with a particular and unique code number, a feature that will represent that the packaging of the drug is new and authentic.
Packaging material segmentation and analysis of the pharmaceutical packaging market

Glass pharmaceutical packaging
Paper and paperboard pharmaceutical packaging
Plastic pharmaceutical packaging

Plastic pharmaceutical packaging accounted for a market share of around 61% during 2015. Plastic is the most preferred packaging material as it is available in a variety of grades, has significant barrier properties, is chemically inert, and can be used to create attractive packages with esthetic appeal, which helps in the marketing and promotional activities for the drug. The grades of plastic used for packaging include PE, PP, polyolefin, PET, and PVC.
Geographical segmentation and analysis of the pharmaceutical packaging market

APAC
North America
ROW
Western Europe

North America dominated the market during 2015, accounting for a market share of around 35%. The pharmaceutical packaging market in North America is dominated by the US, which is a highly competitive market. The demand for innovative forms of packaging in the country is propelled by stringent regulations by agencies such as the FDA.
Competitive landscape and key vendors

The global pharmaceutical packaging market is highly fragmented with several multinational, regional, and local vendors. The local players have been offering innovative solutions at a lower price compared to the international players, leading to price wars. The small and local vendors compete on the basis of cost, as it is difficult for them to compete with international vendors in terms of quality, features, and range of offerings. The report predicts international players to grow inorganically during the forecast period by acquiring regional or local players.

The leading vendors in the market are -

Bemis Healthcare Packaging
Gerresheimer
Owens-Illinois
West Pharmaceutical
Westrock

The other prominent vendors in the market include Air Packaging Technologies, Alexander, American Health Packaging, Aptargroup, Barger Packaging, Becton, Dickinson & Company, Cardinal Health, Catalent Pharma Solutions, CCL Industries, Clondalkin Group Holdings, Constantia Flexibles, CWS Packaging, Datwyler Pharma Packaging, EUROMEDEX, Global Closure Systems, Intrapac Group, Klockner Pentaplast Group, Korber, Menasha Packaging, Nampak, NNE, Nypro Packaging, RPC Group, Schott, Steripack, Vitro, and Winpak.
Key questions answered in the report include

What will the market size and the growth rate be in 2020
What are the key factors driving the global pharmaceutical packaging market
What are the key market trends impacting the growth of the pharmaceutical packaging market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the vendors in the global pharmaceutical packaging market
What are the factors influencing the market shares of APAC, North America, Western Europe, and ROW
What are the key outcomes of the five forces analysis of the pharmaceutical packaging market

Technavio also offers customization on reports based on specific client requirement.
Related reports:

Pharmaceutical Packaging Market in Europe 2015-2019
Pharmaceutical Packaging Market in North America 2015-2019
Global Cold Chain Market for Pharmaceuticals Market 2015-2019
Global Biopharma Cold Chain Packaging Market 2015-2019
Blister Packaging Market in the US 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Pharmaceutical Packaging Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Pharmaceutical Packaging Market: Bemis Healthcare Packaging, Gerresheimer, Owens-Illinois, West Pharmaceutical and Westrock

Other Prominent Vendors in the market are: Air Packaging Technologies, Alexander, American Health Packaging, Aptargroup, Barger Packaging, Becton, Dickinson & Company, Cardinal Health, Catalent Pharma Solutions, CCL Industries, Clondalkin Group Holdings, Constantia Flexibles, CWS Packaging, Datwyler Pharma Packaging, EUROMEDEX, Global Closure Systems, Intrapac Group, Klockner Pentaplast Group, Korber, Menasha Packaging, Nampak, NNE, Nypro Packaging, RPC Group, Schott, Steripack, Vitro, and Winpak.

Commenting on the report, an analyst from Technavio’s team said: “One of the major trend is the rise in demand for ampules and vials. These containers are popular owing to the high bioavailability and fast action rates of the drug, and the drug is administered in the injectable form. In addition, trends that will keep on pushing the market are integration with protective technologies, popularity of superior plastics as a raw material, and growth in contract manufacturing will further fuel the growth of the market.”

According to the report, increased adoption of prefillable syringes is a major driver, which is expected to propel the growth of the market during the forecast period. These syringes are gaining popularity because of the rise in chronic diseases where patients need to self-administer drugs multiple times in a week. This is fueling innovations in syringes such as multi-chambered syringes and technology to minimize leachables and extractables, thus driving the growth of global market.

Further, the report states that one of the key challenges is the fragmentation of the market. Most of the players operating in the market are micro, small, and medium-sized enterprises (MSMEs). The business models of large corporations are different from the business models of these small companies.

Companies Mentioned

Bemis Healthcare Packaging, Gerresheimer, Owens-Illinois, West Pharmaceutical, Westrock, Air Packaging Technologies, Alexander, American Health Packaging, Aptargroup, Barger Packaging, Becton, Dickinson & Company, Cardinal Health, Catalent Pharma Solutions, CCL Industries, Clondalkin Group Holdings, Constantia Flexibles, CWS Packaging, Datwyler Pharma Packaging, EUROMEDEX, Global Closure Systems, Intrapac Group, Klockner Pentaplast Group, Korber, Menasha Packaging, Nampak, NNE, Nypro Packaging, RPC Group, Schott, Steripack, Vitro, and Winpak.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Healthcare industry landscape
      • Table Global pharmaceutical packaging market landscape
    • Market size and forecast
      • Table Global pharmaceutical packaging market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global pharmaceutical packaging market by product type
      • Table Global pharmaceutical packaging market by product type 2015 (revenue %)
      • Table Global pharmaceutical packaging market by product type 2015-2020
      • Table Global pharmaceutical packaging market by product type 2015-2020 ($ billions)
    • Global pharmaceutical packaging market by plastic bottles
      • Table Global pharmaceutical packaging market by plastic bottles 2015-2020 ($ billions)
    • Global pharmaceutical packaging market by caps and closures
      • Table Global pharmaceutical packaging market by caps and closures 2015-2020 ($ billions)
    • Global pharmaceutical packaging market by blister packs
      • Table Global pharmaceutical packaging market by blister packs 2015-2020 ($ billions)
    • Global pharmaceutical packaging market by prefillable syringes
      • Table Global pharmaceutical packaging market by prefillable syringes 2015-2020 ($ billions)
    • Global pharmaceutical packaging market by parenteral containers
      • Table Global pharmaceutical packaging market by parenteral containers 2015-2020 ($ billions)
    • Global pharmaceutical packaging market by prefillable inhalers
      • Table Global pharmaceutical packaging market by prefillable inhalers 2015-2020 ($ billions)
    • Global pharmaceutical packaging market by pouches
      • Table Global pharmaceutical packaging market by pouches 2015-2020 ($ billions)
    • Global pharmaceutical packaging market by medication tubes
      • Table Global pharmaceutical packaging market by medication tubes 2015-2020 ($ billions)
    • Global pharmaceutical packaging market by other packaging
      • Table Global pharmaceutical packaging market by other packaging 2015-2020 ($ billions)
  • Market segmentation by type of material
    • Global pharmaceutical packaging market by type of material
      • Table Global pharmaceutical packaging market by type of material 2015 (revenue %)
      • Table Global pharmaceutical packaging market by type of material 2015-2020 (revenue %)
      • Table Global pharmaceutical packaging market by type of material 2015-2020 ($ billions)
    • Global plastic pharmaceutical packaging market
      • Table Global plastic pharmaceutical packaging market 2015-2020 ($ billions)
    • Global paper and paperboard pharmaceutical packaging market
      • Table Global paper and paperboard pharmaceutical packaging market 2015-2020 ($ billions)
    • Global glass pharmaceutical packaging market
      • Table Global glass pharmaceutical packaging market 2015-2020 ($ billions)
    • Global other packaging materials market
      • Table Global other packaging materials market 2015-2020 ($ billions)
  • Market segmentation by packaging type
    • Global pharmaceutical packaging market by packaging type 2015
      • Table Global pharmaceutical packaging market by packaging type 2015 (revenue %)
  • Geographical segmentation
    • Global pharmaceutical packaging market by geography 2015
      • Table Global pharmaceutical packaging market by geography 2015 (revenue %)
      • Table Global pharmaceutical packaging market by geography 2015-2020 (revenue %)
      • Table Global pharmaceutical packaging market by geography 2015-2020 ($ billions)
    • Pharmaceutical packaging market in North America
      • Table Pharmaceutical packaging market in North America 2015-2020 ($ billions)
    • Pharmaceutical packaging market in Western Europe
      • Table Pharmaceutical packaging market in Western Europe 2015-2020 ($ billions)
    • Pharmaceutical packaging market in APAC
      • Table Pharmaceutical packaging market in APAC 2015-2020 ($ billions)
    • Pharmaceutical packaging market in ROW
      • Table Pharmaceutical packaging market in ROW 2015-2020 ($ billions)
  • Key leading countries
    • Table Key leading countries
    • US
    • China
    • Japan
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Key vendor rankings 2015
      • Table Key vendor ranking 2015
    • Other prominent vendors
  • Key vendor analysis
    • Bemis Healthcare Packaging
      • Table Bemis Healthcare Packaging: Product segmentation
    • Gerresheimer
      • Table Gerresheimer: Business segmentation by revenue 2014
      • Table Gerresheimer: Geographical segmentation by revenue 2014
    • Owens-Illinois
      • Table Owens-Illinois: Business segmentation by revenue 2014
      • Table Owens-Illinois: Business segmentation by revenue 2013 and 2014 ($ billions)
    • West Pharmaceutical Services
      • Table West Pharmaceutical Services: Business segmentation 2014 by revenue
      • Table West Pharmaceutical Services: Business segmentation in 2013 and 2014 by revenue ($ billions)
      • Table West Pharmaceutical Services: Geographical segmentation 2014 by revenue
    • WestRock
      • Table WestRock: Solutions
      • Table WestRock: Business segmentation by revenue
  • Appendix
    • List of abbreviations
  • Explore Technavio

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