Pharmaceutical Packaging Market to Raise at a CAGR of 6% over the Forecast Period 2019 to 2029

VALLEY
COTTAGE, N.Y. –
Global pharmaceutical packaging demand surpassed the revenues
worth US$ 75 Bn in 2018. According to a new research intelligence outlook of
Future Market Insights (FMI), the pharmaceutical
packaging market
 is set to demonstrate healthy Y-o-Y growth in 2019, by more
than 5%.

Bottles, with the current share of over a third of the market
value, are envisaged to remain highly sought after as a type of packaging for
pharmaceutical products. The report also highlights that packer bottles
continue to represent higher popularity over liquid bottles. Furthermore,
blisters and vials & ampoules will remain the next most preferred types of
pharmaceutical packaging, particularly driven by HDPE and LDPE.

Emerging Economies Hold the Hotbed
of Opportunities

While the relatively lesser penetration of cutting-edge technology
enabled healthcare services and still-to-improve delivery healthcare
infrastructure have been limiting the growth of market in developing Asian
countries, it is highly likely that the same will attract several investments
in the near future. China, India, and other fast-developing economies across
APEJ have reflected significant progress in the healthcare and medical
infrastructure, over the past two decades.

Download the sample copy of Report with table of contents and
Figures @ 
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The Chinese government has heavily invested in the construction of
hospitals, clinics, and centers. The report opines that this scenario will
create multiple growth opportunities for pharmaceutical packaging manufacturers
during the course of coming years.

New Product Launches in Line with
Surge in Sustainability Demand

Packaging manufacturers operating in the pharmaceutical packaging
market will remain focused on the supply chain distribution, for better
capturing the newly emerging market opportunities. Defined strategies such as
outsourcing supply chain to third-party distributors are likely to emerge as
the top developmental plan of companies for identification of existing
loopholes and the efficient transport routes.

Preview Analysis of Pharmaceutical Packaging Market is segmented
by (Product Type – Bottles, Vials & Ampoules, Blisters, Bags & Pouches,
Prefilled syringes & cartridges, Sachets, Trays, Tubes & Containers,
Jars & Others; Material Type  – Plastics, Glass, Metals & Paper;)
– Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 –
2029: 
https://www.futuremarketinsights.com/reports/pharmaceutical-packaging-market

Several packaging companies are also investing in long-term
partnerships/contracts with distributors and sterilization service providers to
generate higher sales volume and thereby increase market share in the
pharmaceutical packaging industry.

  • In October 2017, Shott AG introduced a new iQ platform for
    simplifying the drug manufacturing and development process. This concept
    normalizes ready-to-use syringes, and cartridges within a single tub format for
    filling on the same filling line, minimizing the changeover time.
  • In September 2017, Klockner Pentaplast Group introduced “High
    Technology Films” catering the need of pharmaceutical packaging applications.
  • In February 2017, Uflex developed a particular polyester film as
    an alternative to PVC and BOPA films, which are prominently used in cold form
    blister packaging.
  • In February 2016, Gerresheimer AG introduced first eco-friendly
    plastic containers for pharmaceutical packaging and cosmetic applications,
    branded “BioPack.” This newly launched brand is regarded as a substitute for
    traditional PE and PET-based packaging.

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Key players profiled in the report titled pharmaceutical packaging
market include – Amcor Limited, Schott AG, Gerresheimer AG, Berry Global, Inc.,
Klockner Pentaplast Group, Becton, Dickinson and Company, Catalent, Inc.,
Parekhplast India Ltd., Ardagh Group S.A., West Pharmaceutical Services, Inc.,
Uflex Ltd., ACG Pharmapack Pvt. Ltd., Bilcare Limited, Wipak Group, Mondi Group
Plc, Sealed Air Corporation, Constantia Flexibles Group GmbH, Clondalkin Group
Holdings B.V., Westrock Company, Piramal Glass Limited, and Bemis Company, Inc.

For additional insights on the global market scenario of
pharmaceutical packaging, write to press@futuremarketinsights.com

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