Pharmaceutical Packaging Market is Expected to Reach USD 73.04 billion in
2018: Transparency Market Research
NEW YORK, August 28, 2013
NEW YORK, August 28, 2013 /PRNewswire/ --
According to a new market report published by Transparency Market Research "
Global and U.S. Pharmaceutical Packaging (Plastic Bottles, Parental
Containers, Blister, Closures, Labels and Others) Market for Manufacturing
and Contract Packaging - Industry Analysis, Size, Share , Growth, Trends and
Forecast, 2012 - 2018, " the global pharmaceutical packaging market was
valued at USD 50.07 billion in 2011 and is expected to be USD 73.04 billion by
2018, growing at a CAGR of 5.6% from 2012 to 2018.
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Development of innovative packaging that provides a combination of product
protection, quality, security, tamper evidence and visual appeal to enhance
consumer consumption and reduce counterfeiting and other malpractices is
expected to boost the market within the forecast period. Furthermore,
implementation of numerous stringent regulations by authorized agencies such
as Healthcare Compliance Packaging Council (HCPC), National Quality Forum
(NQF) and Food and Drug Administration (FDA) for pharmaceutical packaging is
expected to contribute to the growth of the market over the next few years.
However, availability and volatility in the prices of raw materials is
expected to hamper the growth of the market. A shift towards nano enabled
pharmaceutical packaging and a growing demand from developing countries such
as China, Brazil and India are expected to open new opportunities for growth
of this market.
Plastic bottles were the largest product segment of pharmaceutical packaging
accounting for over 20% of the market in 2011. However, parental containers
are expected to be the fastest growing product segment due to introduction of
new injected therapies on account of advancements in biotechnology.
Demand for pharmaceutical packaging was highest in North America and Europe,
together accounting for over 60% of the market in 2011. However, Asia Pacific
is expected to show the fastest growth over the forecast period on account of
increasing government initiatives, growing contract manufacturing activities
and ageing population. The market in Asia Pacific is expected to reach USD
20.63 billion by 2018.
Key participants in the pharmaceutical packaging market include Amcor,
Gerresheimer AG, Becton Dickinson, MeadWestvaco, Rexam PLC, West
Pharmaceutical Services, 3M and Tear and Tape among others. The report
profiles the above mentioned companies along with their detailed market share
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The report also includes a comprehensive analysis of the pharmaceutical
packaging market in terms of revenue. In addition, the study covers the demand
forecast of the market in various regions such as North America, Europe, Asia
Pacific and Rest of the World. The report comprises of the following segments:
Pharmaceutical Packaging Market: Product Segment Analysis,
*Other Primary Packaging
The report provides a detailed analysis of the market with respect to the
*Rest of the World (RoW)
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