Pharmaceutical Packaging market worth over $94 billion In 2018

Wednesday 14 November 2018, Amsterdam

New report indicates that the pharmaceutical packaging market will see over $94bn in revenue in 2018.

The lead analyst of the report said: "Given the active nature of pharmaceutical ingredients, proper pharmaceutical packaging is essential to maintain the integrity of the product. Pharmaceutical packaging contains and protects the pharmaceutical products. The packaging must protect the medical products against all potential adverse external influences such as moisture and oxygen, while ensuring that no interaction between pharmaceutical products and the packaging materials will occur. The ageing global population, expanding generics market, increasing demand for anti-counterfeiting, and, for more sophisticated packaging are some of the factors driving the pharmaceutical packaging market.

However, the market faces challenges. Unlike most other packaging, pharmaceutical packaging puts less emphasis on the presentation aspect, as non-over-the-counter (OTC) medicines do not need consumers’ attention in general. Many governments, especially those of developed countries, are cutting healthcare expenditure, putting price pressures on pharmaceutical packaging. In developing economies, where the pharmaceutical packaging industry has a better growth outlook, counterfeiting is a more serious problem."

The 188-page report contains 207 tables, charts and graphs that add visual analysis in order to explain developing trends within the pharmaceutical packaging market. Visiongain provides revenue forecasts for the period 2018-2028 for the leading pharmaceutical packaging submarkets, segmented by material, with forecasts for Flexible Plastic, Rigid Plastic, Glass, Metal, and others. The market is also segmented by product type, with forecasts for Plastic Bottles, Blister Packs, Caps & Closures, Medical Specialty Bags Pre-Filled Syringes, Trays, Pouches, Parenteral Vials & Ampoules, Pre-Fillable Inhalers, Medication Tubes and others. Finally, the market is also segmented by delivery system, with forecasts for Intravenous, Inhalation, Oral, Transdermal and others.

The 188-page report offers market forecasts and analysis for 13 national markets including the rest of the world. In addition, the report contains a dedicated leading companies’ chapter covering 9 companies leading the pharmaceutical packaging field in detail.

The Pharmaceutical Packaging Market Report 2018-2028: Global Forecasts by Material (Flexible Plastic, Rigid Plastic, Glass, Metal, Paper, Other), by Product (Plastic Bottles, Blister Packs, Caps & Closures, Medical Specialty Bags, Pre-Filled Syringes, Trays, Pouches, Parenteral Vials & Ampoules, Pre-Fillable Inhalers, Medication Tubes, Other) and by Delivery System (Intravenous, Inhalation, Oral, Transdermal, Other) Plus Profiles of Leading Companies and Leading National Market Analysis report will be of value to anyone who wants to better understand the pharmaceutical packaging market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the pharmaceutical packaging industry.