Fast Market Research announces the availability of the new TechNavio report, "Global Pharmaceutical Packaging Market 2016-2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 01/22/2016 --Market outlook of the pharmaceutical market

Technavios research analyst predicts the global pharmaceutical packaging market to grow at a CAGR of around 6% during the forecast period. The rapid demand for pre-fillable syringes is the primary growth driver for this market. These syringes offer several advantages such as minimization of drug waste, increasing useful product life, and convenience in drug administration and are integrated with advanced delivery systems such as pens and auto-injectors. Glass is the most popular packaging material for these syringes with the significant demand arising from the US and Europe.

However, the growing number of counterfeit products in the market is anticipated to deter the market growth during the forecast period. According to studies by the WHO, the counterfeiting rate among prescriptions sold through suspicious websites is nearly 50%. Stringent regulations are being implemented by governments globally, to counter these risks. For instance, in Europe, under the new Anti-Falsification Directive, as of 2017, drugs that have been prescribed by doctors will have to be provided with a particular and unique code number, a feature that will represent that the packaging of the drug is new and authentic.

Get More Details on this Report and a Full Table of Contents at Global Pharmaceutical Packaging Market 2016-2020

Packaging material segmentation and analysis of the pharmaceutical packaging market

Glass pharmaceutical packaging

Paper and paperboard pharmaceutical packaging

Plastic pharmaceutical packaging

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.

Geographical segmentation and analysis of the pharmaceutical packaging market

APAC

North America

ROW

Western Europe

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. The demand for innovative forms of packaging in the country is propelled by stringent regulations by agencies such as the FDA.

Competitive landscape and key vendors

The global pharmaceutical packaging market is highly fragmented with several multinational, regional, and local vendors. The local players have been offering innovative solutions at a lower price compared to the international players, leading to price wars. The small and local vendors compete on the basis of cost, as it is difficult for them to compete with international vendors in terms of quality, features, and range of offerings. The report predicts international players to grow inorganically during the forecast period by acquiring regional or local players.

The leading vendors in the market are -

Bemis Healthcare Packaging

Gerresheimer

Owens-Illinois

West Pharmaceutical

Westrock

The other prominent vendors in the market include Air Packaging Technologies, Alexander, American Health Packaging, Aptargroup, Barger Packaging, Becton, Dickinson & Company, Cardinal Health, Catalent Pharma Solutions, CCL Industries, Clondalkin Group Holdings, Constantia Flexibles, CWS Packaging, Datwyler Pharma Packaging, EUROMEDEX, Global Closure Systems, Intrapac Group, Klockner Pentaplast Group, Korber, Menasha Packaging, Nampak, NNE, Nypro Packaging, RPC Group, Schott, Steripack, Vitro, and Winpak.

Key questions answered in the report include

What will the market size and the growth rate be in 2020

What are the key factors driving the global pharmaceutical packaging market

What are the key market trends impacting the growth of the pharmaceutical packaging market

What are the challenges to market growth

Who are the key vendors in this market space

What are the market opportunities and threats faced by the vendors in the global pharmaceutical packaging market

What are the factors influencing the market shares of APAC, North America, Western Europe, and ROW

What are the key outcomes of the five forces analysis of the pharmaceutical packaging market

Technavio also offers customization on reports based on specific client requirement.

Related reports:

Pharmaceutical Packaging Market in Europe 2015-2019

Pharmaceutical Packaging Market in North America 2015-2019

Global Cold Chain Market for Pharmaceuticals Market 2015-2019

Global Biopharma Cold Chain Packaging Market 2015-2019

Companies Mentioned in this Report: 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 Solutions, CCL Industries, Clondalkin Group Holdings, Constantia Flexibles, CWS Packaging, Datwyler Pharma Packaging, EUROMEDEX, Global Closure Systems, Intrapac Group, Klockner Pentaplast Group, Korber, Menasha Packaging, Nampak, NNE, Nypro Packaging, RPC Group, Schott, Steripack, Vitro, and Winpak.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Manufacturing research reports at Fast Market Research

You may also be interested in these related reports:

-Global Pharmaceutical Packaging Market 2015-2019
-Pharmaceutical Packaging Market in Europe 2015-2019
-Insulated Packaging Market - Global Forecast to 2020
-Global Bulk Container Packaging Market 2015-2019
-Global Blister Packaging Market 2015-2019