Global Pharmaceutical Packaging Market 2016-2020 - Market Segmentation By Product Type, Material Type & Packaging Type

DUBLIN, January 12, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/vddpx2/global) has announced the addition of the "Global Pharmaceutical Packaging Market 2016-2020" report to their offering. 

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The report predicts the global pharmaceutical packaging market to grow at a CAGR of around 6% during the forecast period. 

One of the major trend is the rise in demand for ampules and vials. These containers are popular owing to the high bioavailability and fast action rates of the drug, and the drug is administered in the injectable form. In addition, trends that will keep on pushing the market are integration with protective technologies, popularity of superior plastics as a raw material, and growth in contract manufacturing will further fuel the growth of the market.

According to the report, increased adoption of prefillable syringes is a major driver, which is expected to propel the growth of the market during the forecast period. These syringes are gaining popularity because of the rise in chronic diseases where patients need to self-administer drugs multiple times in a week. This is fueling innovations in syringes such as multi-chambered syringes and technology to minimize leachables and extractables, thus driving the growth of global market.

Further, the report states that one of the key challenges is the fragmentation of the market. Most of the players operating in the market are micro, small, and medium-sized enterprises (MSMEs). The business models of large corporations are different from the business models of these small companies.

Plastic pharmaceutical packaging accounted for a market share of around 61% during 2015. Plastic is the most preferred packaging material as it is available in a variety of grades, has significant barrier properties, is chemically inert, and can be used to create attractive packages with esthetic appeal, which helps in the marketing and promotional activities for the drug. The grades of plastic used for packaging include PE, PP, polyolefin, PET, and PVC.

North America dominated the market during 2015, accounting for a market share of around 35%. The pharmaceutical packaging market in North America is dominated by the US, which is a highly competitive market

Companies Mentioned:

• Bemis Healthcare Packaging
• Gerresheimer
• Owens-Illinois
• West Pharmaceutical
• Westrock
• Air Packaging Technologies
• Alexander
• American Health Packaging
• Aptargroup
• Barger Packaging
• Becton
• Dickinson & Company
• Cardinal Health
• Catalent Pharma Solution

Key Topics Covered: 

PART 01: Executive summary 

PART 02: Scope of the report 

PART 03: Market research methodology

PART 04: Introduction 

PART 05: Market landscape 

PART 06: Market segmentation by product type 

PART 07: Market segmentation by type of material 

PART 08: Market segmentation by packaging type

PART 09: Geographical segmentation 

PART 10: Key leading countries 

PART 11: Market drivers 

PART 12: Impact of drivers 

PART 13: Market challenges 

PART 14: Impact of drivers and challenges 

PART 15: Market trends 

PART 16: Vendor landscape 

PART 17: Key vendor analysis 

For more information visit http://www.researchandmarkets.com/research/vddpx2/global

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SOURCE Research and Markets