Parenteral Packaging: Size, Share, Growth, Trends and Forecasts 2018-2024

Sarasota, FL -- (SBWire) -- 05/14/2018 --Global Parenteral Packaging Market: Overview

Parenteral packaging means packaging of parenteral drugs and pharmaceuticals to ensure the protection of the product from moisture, sunlight and other environmental factors to keep its potency and therapeutic effectiveness intact throughout the time till the drug is administered. Parenteral drugs are directly injected into the body rather than oral so it should be sterile and particle-free so packaging of such drugs plays an important role in the parenteral drug.

Global Parenteral Packaging Market: Growth Factor

The advancement and new development in packaging solution are trending the parenteral packaging market, in order to deliver the product quality, patient comfort and protection from environmental factors. Some other factors trending in the parenteral packaging market include advanced manufacturing processes such as green packaging technologies, use of environment-friendly materials which cause no harm to the environment. Raw materials used for Parenteral packaging include paper, cardboard, and cornstarch for eco-friendly packaging and by the use of biodegradable materials supports the sustainability of pharmaceutical drug lifecycle and increase the demand for sustainable packaging. The most common packaging format for parenteral products likely to drive changes in the production and filling of small-volume vials. It is anticipated that pre-filled and ready-to-use containers, efficient filling/closing operations, automation, stringent quality requirements, and a transparent supply chain also drives the growth of parenteral packaging over the forecast period. However, limited availability of raw materials, instability in the price of raw materials and complex registration process of packaging is estimated to hinder the growth of the market.

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Global Parenteral Packaging Market: Segmentation

Parenteral packaging market is segmented on the basis of product type, packaging type, material type, and geography. On the basis of product type, parenteral packaging market is categorized into bottles, vials, prefilled syringes, cartridges, ampoules, and bags. On the basis of packaging type, parenteral packaging market is classified into small volume packaging and large volume packaging. Based on the material type, parenteral packaging market is segmented into glass, polymer, PVC, and others. Among which glass segment is projected to account for significant revenue share in the parenteral packaging market over the forecast period. According to United States pharmacopeia (USP), two types of glass used for parenteral packaging containers. Borosilicate glass is a Type I glass used for neutral preparation. Soda lime glass is a Type II glass used for packaging acidic alkaline and neutral parenteral preparation.

Global Parenteral Packaging Market: Regional Analysis

Global parenteral packaging market geographically divided into five regions including North America, Latin America, Asia Pacific, Middle East and Africa and Europe. In terms of revenue, North America holds the major market share in the global parenteral packaging market, followed by Europe owing to increasing prevalence of chronic diseases and rising demand for sterile packaging. Asia Pacific parenteral packaging market is anticipated to expand at a substantial growth rate attributed to the high in the aging population in a country such as China and prevalence of diseases in the region.

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Global Parenteral Packaging Market: Competitive Players

Some of the most important market players in global parenteral packaging markets are Gerresheimer AG, Stevanato Group, Nipro Corporation, Berry Plastics Corporation, MeadWestvaco Corporation, Becton Dickinson and Company, Unilife Corporation, Inc, Schott AG, Dickinson and Company, West Pharmaceutical Services, Inc., RPC Group, Ypsomed Holding AG, Terumo Corporation, SiO2 Medical Products, Ompi, Owens-Illinois, Graphic Packaging Group, and Schott Pharmaceuticals Services Inc.

Global Parenteral Packaging Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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