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Pharmaceutical Packaging Market Worth $80 Billion by 2020


News provided by

MarketsandMarkets

10 Jun, 2015, 13:30 GMT

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DALLAS, June 10, 2015 /PRNewswire/ --

The report "Pharmaceutical Packaging Market by Packaging Type, by Raw Material, by Drug Delivery Type by Region(North America, Europe, Asia-Pacific, RoW) - Forecasts to 2020" published by MarketsandMarkets, defines and segments the pharmaceutical packaging market with an analysis and forecast of value by type. Along with this, the value and volume of pharmaceutical packaging by raw material, drug delivery type, and region are also discussed in the report.

Browse 114 market data tables and 96 figures spread through 166 pages and in-depth TOC on "Pharmaceutical Packaging Market". 

http://www.marketsandmarkets.com/Market-Reports/pharmaceutical-packaging-market-890.html
Early buyers will receive 10% customization on this report.

The report also identifies the driving and restraining factors for the pharmaceutical packaging market with an analysis of drivers, restraints, opportunities, and strengths. The market is segmented and the value has been projected on the basis of important regions, such as Asia-Pacific, North America, Europe, and Rest of the World (RoW). Further, the market is segmented and the volume and value are estimated based on various key raw materials and drug delivery types, such as oral, pulmonary, transdermal, injectable, topical, nasal, ocular, IV drugs, and other.

Advancements in drug delivery technology along with the growth of the pharmaceutical market driving the pharmaceutical packaging market 

In developed countries, the growth of the injectable drug delivery technologies and solutions market is fast and contributes significantly to the pharmaceutical packaging market. This market is driven by factors such as innovations in injectable drug delivery devices, rising prevalence of diabetes in the U.S., the U.K., Germany, Italy, France, and Canada, improving patient safety & compliance and rise in partnerships, and collaborations and acquisitions among prominent players in this market.

Besides, the growth of the pharmaceutical industry, especially in the emerging countries, is driving the demand for the pharmaceutical packaging market. Factors such as aging of the world population, rising health awareness among consumers, trend toward 'on-the-go' lifestyles, and many more are also driving the pharmaceutical packaging market indirectly.

Increase in global demand for primary pharmaceutical containers and fast increasing third party logistics and other services in emerging markets provide ample opportunity for the growth of the pharmaceutical packaging market.

Pharmaceutical packaging market to reach more than $80 billion by 2020 

The market for pharmaceutical packaging, in terms of value, is projected to reach more than $80 Billion by 2020, witnessing a CAGR around 6.50% between 2015 and 2020. In terms of value, North America followed by Europe dominated the pharmaceutical packaging market in 2014 and are projected to register a steady CAGR till 2020. High technological innovation and high environmental awareness along with moderate growth in the pharmaceutical market in the North American and European regions is leading to high consumption of pharmaceutical packaging in these regions. Due to rising spending capacity of consumers in the region, the pharmaceutical market is projected to witness a steady growth rate in Asia-Pacific and RoW. The pharmaceutical packaging market in Asia-Pacific is expected to witness highest growth rate between 2015 and 2020.

For Further Inquiry:  http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=890

North America and Europe together accounted for around 70% of the pharmaceutical packaging market, in terms of value, in 2014 

North America is the largest market for pharmaceutical packaging currently; however, by 2020, Asia-Pacific is expected to be the largest market. This growth is expected to be highest in the emerging economies of Brazil, Russia, India, and China, especially due to higher generics and contract manufacturing activities in these countries. Huge population and favorable demographics of these countries are key drivers behind this growth.

In North America, the U.S. is one of the leading producer and consumer of pharmaceutical packaging. Also, the U.S. is a highly regulated market, with strict guidelines regarding pharmaceutical packaging production, use, and disposal. Regulations in the U.S. are controlled by EPA (Environmental Protection Agency). Canada is the next significant country in the North American region. In the European region, Germany, the U.K., France, Spain, Italy, and Russia are the major countries.

Browse Related Reports:

Glass Packaging Market by Applications (Alcoholic Beverage Packaging, Non-Alcoholic Beverage Packaging, Food Packaging, Pharmaceutical and Personal Care Packaging) and by Geography (North America, Europe, Asia-Pacific and Rest of the World) - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/glass-packaging-market-149119613.html

Tube Packaging Market by Type (Squeeze Tube, Twist Tube), Application (Cosmetics & Oral Care, Food & beverages, Pharmaceuticals, Consumer Goods), Material Type (Laminated Tubes, Aluminum Tubes, and Plastic Tubes), & by Region - Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/tube-packaging-market-128857249.html

About MarketsandMarkets

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Chemical Domain @ http://www.marketsandmarkets.com/Subscription.html

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical

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