Pharmaceutical Packaging Market in North America 2017-2021
About Pharmaceutical Packaging
The purpose of packaging products is to protect perishable goods from external damage and contamination. Pharmaceutical packaging products have high-barrier properties and are available in both unit dosage and multi-dosage formats, thereby ensuring the extension of their shelf life. Regulatory bodies for drug manufacturers strictly enforce international jurisdictions on safe drug delivery. This has fueled the adoption of sustainable packaging. Plastic resins, glass, paper and paperboard, aluminum, and other metals are used in the manufacturing of pharmaceutical packaging products. These are available in various forms and dimensions.
Technavio’s analysts forecast the pharmaceutical packaging market in North America to grow at a CAGR of 4.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the pharmaceutical packaging market in North America for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of plastic packaging, blister packaging, parenteral packaging, and other packaging to the pharmaceutical industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Pharmaceutical Packaging Market in North America 2017-2021
Technavio recognizes the following companies as the key players in the pharmaceutical packaging market in North America: Amcor, Bemis, Owens-Illinois, West Pharmaceutical Services, and WestRock.
Other Prominent Vendors in the market are: American Health Packaging, Barger Packaging, Becton, Dickinson and Company, CWS Contract Packaging, SCHOTT, and Winpak.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing adoption of pre-filled syringes. Parenteral administration of pharmaceutical products is becoming a popular method. There are more than 20 pharmaceutical companies manufacturing pre-filled syringes as a preferred delivery device for at least 45 injectable drugs and vaccines. The use of pre-filled syringes is expected to increase during the forecast period. In the pharmaceutical industry, pre-filled syringes are used for minimizing drug waste, increasing product lifespan, and enhancing the level of market share to drive the market demand.”
According to the report, one driver in market is growing demand for blister packaging. Blister packaging is used where a sheet of plastic, normally PVC, is converted into the cavities to hold the product by either heat or force. The blister packs include categories based on their material components, for instance, in some types of blister packaging, the cavity is made of thermoformed plastic, and the lid is made by combining plastic and paper. In other types of packaging, foil is an essential component, and its cavity is created by cold stretching. Blister packaging offers patients a clearly marked dose and helps them see if they have taken the prescribed drugs. In addition, the drugs that are not taken, remain protected against any adverse conditions.
Further, the report states that one challenges in market is risk of counterfeit products. A counterfeit medicine is one that has been deliberately produced and mislabeled with respect to identity while making it appear as a genuine product. Counterfeit products include drugs with no active ingredients, drugs that are super potent, and drugs with dangerous impurities. Pharmaceutical counterfeiting is on the rise in North America, potentially putting the health of patients (who consider that the prescribed medicines they buy are safe and effective) at risk. Counterfeit drugs are dangerous by their very nature and are not manufactured under safe conditions. Moreover, they are not inspected by regulatory authorities. Thus, it is not possible for consumers to recognize the ingredients these products contain. "
Amcor, Bemis, Owens-Illinois, West Pharmaceutical Services, WestRock, American Health Packaging, Barger Packaging, Becton, Dickinson and Company, CWS Contract Packaging, SCHOTT, and Winpak.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook