Global Pharmaceutical Packaging Market - North America and Europe Expected to Lead

The Global Pharmaceutical packaging market is estimated to grow from $57.9 billion in 2014 to $86.7 billion by the end of 2019 at a CAGR of 8.38%. North America and Europe lead the market followed by the Asia Pacific market.

Pharmaceutical industry is seeing an exponential growth. With changing lifestyle, more and more people are being diagnosed with various diseases. With increased spending on healthcare by government of different countries world over, pharmaceutical has become a multi-billion dollar industry.

Pharmaceutical manufacturers must follow stringent requirements to protect consumer safety and environmental regulations. Increasing cost pressures on pharmaceutical manufacturers is forcing them to pass on this cost on to packaging companies which has become a driving force of pharmaceutical packaging market. The rise in self-medication and over the counter products is also contributing to growth of this industry.

The Pharmaceutical Packaging market is evolving; the introduction of innovative techniques like Blow Fill Seal Technology and the increasing need for Anti Counterfeiting Technologies are changing the market drastically. The increasing Globalization has resulted in the setting up of manufacturing plants all across the world thereby changing the raw materials used and lengthening the supply chains.

The world revenue for pharmaceutical anti-counterfeiting technologies will cross a billion dollars in 2014. The threat of counterfeiting is much more intense in the North American region where innovative drugs are produced with significant investment. Companies cannot afford to lose revenue from lost and faked products. The significant investment is a boost to the packaging industry as the major Anti - Counterfeiting measures like Tamper evident packaging systems such as film wrappers, shrink seals and bands, breakable caps, sealed tubes are the basic first level defences against counterfeiting

It is necessary for packaging companies to manufacture packages which keep the product safe from environment and vice versa. Also there should be proper labelling of the products so that, it cannot be counterfeited and it should have a longer shelf life. Some of the pharmaceutical packaging products being used to meet above objectives are ampoule, vial, dropper bottle, labels and patient information booklet.

The report provides a comprehensive analysis of the market segmented on the basis of packaging material used and the end user industry. The various products used in pharmaceutical packaging are explained along with their market shares and forecasts. Detailed estimates for the next five years are included along with the analysis of the major players and their strategies. Some of the major vendors are Amcor, CCL Industries, Intrapac, Rexam Plc and Schott AG.

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