Pharmaceutical packaging market worth $78.79 Billion by 2018

Tuesday 18 February 2014, Amsterdam

The new report, available on ASDReports on Pharmaceutical Packaging defines and segments the global pharmaceutical packaging market with an analysis and forecast for packaging types, drug delivery types, by value and raw materials by volume as well value.  The report also estimates the packaging market for veterinary vaccines globally by type of vaccines.

“North America, Western Europe, and Japan are the key markets for pharmaceutical packaging.”

The global pharmaceutical packaging market is dominated by North America, Europe, and Japan accounting for more than 70% of the overall market in 2012. Within the North America, U.S. will remain the largest consumer of pharmaceutical packaging. Country wise, U.S. is the top most consumer of pharmaceutical product globally and is also the largest market for pharmaceutical packaging products growing at a CAGR lower than the global average till 2018. As the advanced drug producing sector in U.S. introduces new sophisticated therapies with specialized packaging needs, the demand for pharmaceutical packaging products continues to increase. Member countries of EU; Germany, U.K., France, Spain, and Italy are the key markets in European pharmaceutical packaging market and constitute majority of the market size. Japan is the second biggest pharmaceuticals consumer in the world and also the largest pharmaceutical packaging market within Asia-Pacific. In terms of growth rate, Asia-Pacific region is expected to register double digit CAGR from 2013 to 2018 and is estimated to nose ahead North America & European pharmaceutical packaging market by 2018. Brazilian pharmaceutical packaging market is the largest in the rest of the world.

“Plastic bottles and blister packs are the topmost packaging segments by revenue and plastics & polymers dominates as the key raw material in the pharmaceutical packaging market”

While plastic bottles & blister packs take topmost positions in the pharmaceutical packaging market with more than 35.8% share by value; maximum growth in the near future is expected to come from pre-fillable syringes & inhalers, medication tubes, vials, labels & accessories. Plastics & polymers are the largest consumed raw material for the pharmaceutical packaging products and are fast replacing other raw materials such as glass and metals due to its ease in design, excellent barriers properties, and cost-effectiveness. Paper & paperboards constitute a fifth of the raw material market in terms of volume.