About pharmaceutical packaging
Pharmaceutical packaging products are used to protect pharmaceuticals from contamination by external toxins and microbial activity, and to extend their shelf life. Also, drug manufacturers need to comply with international packaging regulations. Various raw materials such as plastic resins, glass, paper and paperboard, aluminum, and other metals are used in the production of pharmaceutical packaging. They are available as bottles, parenteral containers, blister packs, caps, closures, pre-fillable syringes, and tubes. The key end-customers of these packaging products are manufacturers of pharmaceuticals.
Technavio's analysts forecast the pharmaceutical packaging market in Europe to grow at a CAGR of 7.26 percent over the period 2014-2019.
Covered in this report
The pharmaceutical packaging market in Europe can be segmented into three based on the type of product, type of material, and type of packaging.
Technavio's report, Pharmaceutical Packaging Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the pharmaceutical packaging market landscape in Europe and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Pharmaceutical Packaging Market in Europe 2015-2019
Technavio recognizes the following companies as the key players in Pharmaceutical Packaging Market in Europe 2015-2019: Amcor, Bemis, Gerresheimer, MeadWestvaco and Rexam
Other Prominent Vendors in the market are: AptarGroup, Aylward Enterprises, Becton Dickinson & Company, Catalent Pharma Solutions, CCL Industries, Clondalkin Group, Global Closure Systems, Graham Packaging, Medica Packaging, Penn Pharma, Schott, Victoria Packaging, Wasdell and West Pharmaceutical Services
Commenting on the report, an analyst from Technavio’s team said: “The pharmaceutical packaging market in Europe is witnessing an increase in the integration of protective technologies with packaging to fight counterfeiting and associated problems. RFID tags are being used to track drugs through their supply chain and ensure they are authentic. These tags create a record of custody right from the point of origin to the point of dispensation. Self-destructive vinyl labels function by ensuring they cannot be removed and re-attached, and will fall apart if any attempt is made to break the seal. Also, the demand for holographic labels is set to rise because of the high level of security and authentication they provide against counterfeiting.”
According to the report, India, the growing urbanization and increased health awareness among the population of Europe are the major factors for the growth of the pharmaceutical industry. An increase in per capita income has elevated the purchasing power of people in the region, which also has implications on the pharmaceutical market.
Further, the report states that advances in technology and innovative product designs have prompted the need for new packaging materials for pharmaceutical products.
Amcor, Bemis, Gerresheimer, MeadWestvaco, Rexam, AptarGroup, Aylward Enterprises, Becton Dickinson & Company, Catalent Pharma Solutions, CCL Industries,Clondalkin Group, Global Closure Systems, Graham Packaging, Medica Packaging, Penn Pharma, Schott, Victoria Packaging, Wasdell, West Pharmaceutical Services